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UK’s Transition Plan Taskforce delivers framework for corporate climate transition plan disclosure

Carbon Pulse - Mon, 2023-10-09 22:51
The UK’s Transition Plan Taskforce (TPT) on Monday unveiled its ‘gold standard’ Disclosure Framework to guide large corporations around presenting their climate transition plans, in alignment with globally recognised reporting frameworks and standards.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2023-10-09 21:50
European carbon prices made modest gains on Monday morning amid a sharply higher energy complex after a weekend of rising geopolitical tensions in the Middle East and renewed threats of Australian LNG strikes, as a persistently gloomy macroeconomic outlook appeared to dampen the impact of short-term security concerns.
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Climate crisis costing $16m an hour in extreme weather damage, study estimates

The Guardian - Mon, 2023-10-09 21:05

Analysis shows at least $2.8tn in damage from 2000 to 2019 through worsened storms, floods and heatwaves

The damage caused by the climate crisis through extreme weather alone has already cost $16m (£13m) an hour for the past 20 years, according to a new estimate.

Storms, floods, heatwaves and droughts have taken many lives and destroyed swathes of property in recent decades, with global heating making the events more frequent and intense. The new study is the first to calculate a global figure for the increased costs directly attributable to human-caused global heating.

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Microplastics detected in clouds hanging atop two Japanese mountains

The Guardian - Mon, 2023-10-09 21:00

Findings regarding clouds above Mount Fuji and Mount Oyama highlight how microplastics are highly mobile

Microplastics have been found everywhere from the oceans’ depths to the Antarctic ice, and now new research has detected it in an alarming new location – clouds hanging atop two Japanese mountains.

The clouds around Japan’s Mount Fuji and Mount Oyama contain concerning levels of the tiny plastic bits, and highlight how the pollution can be spread long distances, contaminating the planet’s crops and water via “plastic rainfall”.

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PREVIEW: Japan is finally getting its own carbon market, but expectations are modest in the near term

Carbon Pulse - Mon, 2023-10-09 20:58
Japan's main bourse is set to begin trading domestically issued carbon credits later this week as the world's third-biggest economy will finally see a domestic emissions market established, though possible liquidity drainage and unclear definitions of high-quality credits mean expectations are sober, observers told Carbon Pulse.
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Dear Keir Starmer: here’s what you should know about Sunak’s attack on climate policy – he lied and lied | Fiona Harvey

The Guardian - Mon, 2023-10-09 20:56

He says measures are unaffordable: official figures say otherwise. He says costs will fall on the poor, but that’s a choice made by his government

Keir Starmer faces a challenge at party conference that no UK opposition leader has faced in more than 30 years. He will have to defend his climate policy against a bitter and sustained attack.

Since the late 1980s, when Margaret Thatcher became the first UK prime minister to vow to tackle the climate crisis, a cross-party consensus on the issue has endured. In the last eight general elections, there has been no serious debate over whether to try to cut greenhouse gas emissions, only over how.

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Turning green to gold, Australia has to make its own luck in the race to renewables

RenewEconomy - Mon, 2023-10-09 20:48

It seems that Australia’s a-ha moment has now arrived in the clean energy transition - the realisation that having natural ability alone doesn’t make you a winner.

The post Turning green to gold, Australia has to make its own luck in the race to renewables appeared first on RenewEconomy.

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Saudi Arabia to launch domestic ‘Article 6-aligned’ carbon crediting system in 2024

Carbon Pulse - Mon, 2023-10-09 20:47
Saudi Arabia will formally launch a carbon crediting scheme early next year that will allow corporates to offset emissions by buying units compliant with Article 6 of the Paris Agreement, the energy minister confirmed at a UN summit Monday.
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Singapore reveals details on eligible carbon credits for CO2 tax commitments

Carbon Pulse - Mon, 2023-10-09 18:12
Singapore has offered more clarity on what kind of international carbon credits will and will not be allowed under new rules to allow international carbon credits under its carbon tax.
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Beijing to auction off 500,000 permits under local ETS

Carbon Pulse - Mon, 2023-10-09 17:52
The Beijing municipal government will auction 500,000 carbon allowances under its pilot emissions trading scheme (ETS) later this month, aiming to help companies acquire the allowances they need for compliance.
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Australia Market Roundup: Govt-purchased ACCUs must maximise public value, conservation group says

Carbon Pulse - Mon, 2023-10-09 17:22
A conservation group wants the Australian government to purchase Australian Carbon Credit Units (ACCUs) that consider environmental, social, and cultural co-benefits, rather than lowest cost abatement, it said in a recent submission.
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New Zealand’s first-ever ‘Chook Symphony’ to boost wellbeing of chicken flock – video

The Guardian - Mon, 2023-10-09 16:40

New Zealand’s first-ever ‘Chook Symphony’ to boost wellbeing of chicken flock – video

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New Zealand forestry groups file judicial review on ETS fees and charges

Carbon Pulse - Mon, 2023-10-09 15:34
Multiple forestry groups have launched a judicial review in New Zealand’s High Court seeking an urgent examination on the new per-hectare charges and service fees for foresters in the ETS.
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SwitchedOn Podcast: Why choosing an induction stove is a gateway decision for getting rid of gas from our homes

RenewEconomy - Mon, 2023-10-09 14:10

SwitchedOn Australia PodcastChef and kitchen consultant Luke Burgess on why induction stoves are so efficient and why he thinks they are unlikely to be superseded any time soon.

The post SwitchedOn Podcast: Why choosing an induction stove is a gateway decision for getting rid of gas from our homes appeared first on RenewEconomy.

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“Dangerous heat” incident puts thermal energy storage pilot on hold

RenewEconomy - Mon, 2023-10-09 14:06

Shell-backed energy storage pilot on hold after "dangerous heat build-up" had to be brought under control with help of emergency services.

The post “Dangerous heat” incident puts thermal energy storage pilot on hold appeared first on RenewEconomy.

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ANALYSIS: Vietnam, Indonesia seen late, but not lagging on JETP

Carbon Pulse - Mon, 2023-10-09 13:42
Two of the newer signatories of the Just Energy Transition Partnership (JETP) have been accused of lagging in their commitments but experts believe the Southeast Asian nations have valid and complex reasons for a lacklustre uptake.
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Power to the people: Why rooftop solar is key to Australia’s renewables target

RenewEconomy - Mon, 2023-10-09 13:12

Distributed energy resources are the only renewable sector growing fast enough to help Australia meet its energy goals, and overcome vested interests.

The post Power to the people: Why rooftop solar is key to Australia’s renewables target appeared first on RenewEconomy.

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South Australia is going to need a bigger battery to keep the lights on in evening peak

RenewEconomy - Mon, 2023-10-09 12:53

Torrens Island batterySouth Australia may need a much bigger battery to avoid risk of potential supply shortfalls in the evening peaks of summer from 2026/27.

The post South Australia is going to need a bigger battery to keep the lights on in evening peak appeared first on RenewEconomy.

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Biggest battery facility in NSW is now fully operational

RenewEconomy - Mon, 2023-10-09 10:35

The BESS comes online as batteries generally begin to have a noticeable influence on the energy market.

The post Biggest battery facility in NSW is now fully operational appeared first on RenewEconomy.

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Solar switch-off a must for all states, says AEMO, to control “seven Erarings” of rooftop PV

RenewEconomy - Mon, 2023-10-09 10:27

rooftop solar western australiaAEMO chief says emergency rooftop solar switch-off mechanisms must be set up across the national electricity market and smart inverter controls fast-tracked.

The post Solar switch-off a must for all states, says AEMO, to control “seven Erarings” of rooftop PV appeared first on RenewEconomy.

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