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*Director, Carbon Capture & Sequestration & Industrial Innovation, Radicle – Calgary
*Senior Carbon Analyst, Climate Smart, Radicle – Vancouver/Calgary/Remote
*Product Marketing Lead, Credit Development & Trading, Radicle – Remote
Steelmakers should enjoy ‘scrap bonus’ under EU ETS, says German trade group
Governments near a UN deal on pricing shipping emissions -observers
Compliance entities boost CCA position, slash RGGI holdings
VCM demand bulge for carbon removals needs integrity pairing –report
More than $1bn of Coalition’s climate funding could go to fossil fuel projects, analysis finds
‘Clean’ hydrogen and carbon capture and storage head list of funding pledges since net zero promise
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The Coalition has announced more than $1bn in climate funding that could go to fossil fuel developments since setting a target of reaching net zero emissions by 2050 last year, an analysis has found.
The bulk of the funding promised during the election campaign has been to develop “clean” hydrogen – a term often used to refer to hydrogen made with gas, a fossil fuel – and carbon capture and storage (CCS), which has had little success to date but oil and gas executives say will need to play a massive role if the world is to slash emissions.
$50m in the budget for a “future gas infrastructure investment framework”.
$20m for CarbonNet, a project that aims to capture and store carbon dioxide in an offshore reservoir in Gippsland in Victoria.
$66m in the budget for a “patent box” tax concession for “low emissions technology innovations”.
$200m for clean hydrogen and “low emissions technology partnerships” with Japan and South Korea.
Continue reading...Dugongs and sea turtles at risk after Queensland floods wipe out seagrass, study shows
Researchers say sediment from floodwaters reduced exposure to sunlight and smothered seagrass the animals rely on for food
Catastrophic floods earlier this year wiped out one of the largest and most important seagrass meadows in eastern Australia, increasing the risk that dugongs and sea turtles will become stranded, according to researchers.
Scientists from James Cook University monitored the health of seagrass meadows across 2,300 square kilometres of Hervey Bay and the Great Sandy Strait in southern Queensland.
Continue reading...EU Parliament vote reignites debate on role of carbon removals
Brazil government invites sectors to set own emissions goals under Paris pledge
LCFS Market: California prices sink towards $100 as bear market continues
Compliance markets alone to double global use of carbon credits, says bank
VCM initiative delays publication of Core Carbon Principles to Q4
Global heating is cutting sleep across the world, study finds
Data shows people finding it harder to sleep, especially women and older people, with serious health impacts
Rising temperatures driven by the climate crisis are cutting the sleep of people across the world, the largest study to date has found.
Good sleep is critical to health and wellbeing. But global heating is increasing night-time temperatures, even faster than in the day, making it harder to sleep. The analysis revealed that the average global citizen is already losing 44 hours of sleep a year, leading to 11 nights with less than seven hours’ sleep, a standard benchmark of sufficient sleep.
Continue reading...EU carbon investment fund’s holdings drop 17% amid proposals to restrict financial access to ETS
Ancient forest found at bottom of huge sinkhole in China
Scientists believe site in Guangxi with trees up to 40 metres tall may contain undiscovered species
An ancient forest has been found at the bottom of a giant sinkhole in China, with trees up to 40 metres (130ft) tall.
Scientists believe it could contain undiscovered plant and animal species.
Continue reading...Euro Markets: Midday Update
Glowworms bred in captivity to be released in southern England
More than 500 larvae will be released in Hampshire and Cornwall as part of a four-year project to revive the declining species
They once lit up summer nights, people read by their luminescence and they’ve been celebrated by everyone from William Shakespeare to Crowfoot, a 19th-century North American chief.
But glowworms have had their lights dimmed by a cult of tidiness in the countryside, the loss of wild meadows and light pollution.
Continue reading...Hard-right Tories push to delay environmental land management scheme
Scheme to pay farmers for nature stewardship is seen by some as one of the few positive Brexit dividends
The government’s plans to pay farmers for their stewardship of nature could be delayed or scrapped, it is feared, as hard-right Conservative MPs join the campaign against the environmental land management scheme (Elms).
The rollout of Elms, seen by some as one of the few positive Brexit dividends, is due to begin this year, with more standards beginning incrementally between 2023 and 2025.
Continue reading...