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Euro Markets: Midday Update

Carbon Pulse - Mon, 2023-08-07 21:57
European carbon allowance prices edged lower in continued thin trading on Monday morning, shrugging off healthy gains in natural gas as data showed further contractions in industrial output in the EU's largest economy, while energy prices rose in response to increased risks around Russian commodity exports from the Black Sea after attacks on shipping over the weekend.
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Testing the waters: Indian developer rolls out West Papua reef project as first of several biodiversity pilots

Carbon Pulse - Mon, 2023-08-07 20:14
An India-based carbon developer has submitted a coral reef project in Indonesia’s West Papua for pilot status under Verra’s emerging biodiversity methodology, with plans for other project types already teed up.
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Taiwan launches government-backed carbon exchange, trading to come later

Carbon Pulse - Mon, 2023-08-07 19:46
Taiwan's main bourse on Monday unveiled a government-backed carbon exchange in Kaohsiung, which will start offering trade in domestic carbon credits in the first half of 2024 at the earliest, while international units might become available later this year.
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Rwanda to set a floor carbon credit price above $30 per tonne, says minister -media

Carbon Pulse - Mon, 2023-08-07 19:19
Rwanda will not sell carbon credits below $30 per tonne and will also look to develop new technology-focused projects as well as expand those involving its forests, the country's minister of environment was reported as saying by local media.
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EnergyAustralia closes in on first big battery deals as it searches for new partner

RenewEconomy - Mon, 2023-08-07 18:15

gannawarra batteryEnergyAustralia says it is nearing decisions on the first big batteries it will actually own in Australia as it plans to spend $400 million upgrading its Yallourn brown coal generator.

The post EnergyAustralia closes in on first big battery deals as it searches for new partner appeared first on RenewEconomy.

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NZ Market: NZU price, volumes rise as National party say will leave ETS unchanged if elected

Carbon Pulse - Mon, 2023-08-07 17:50
Traded NZU volumes rose Monday, pushing the price up slightly, as a National opposition party spokesperson said they would not make major changes to the country's ETS if it wins government in the October election.
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Japanese oil refiner taps into blue carbon, eyeing crediting business

Carbon Pulse - Mon, 2023-08-07 17:34
One of Japan's largest oil refiners has teamed up with an international aquaculture accelerator to explore the potential of blue carbon in the country, seeking the creation of domestically issued blue credits.
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Progress on slowing deforestation could boost climate efforts, say experts

The Guardian - Mon, 2023-08-07 16:00

Reduction in primary forest loss in Indonesia and Malaysia, as well as Brazil and Colombia, offers hope for tropical forests across the world

Falling deforestation rates in countries including Indonesia, Malaysia, Colombia and Brazil could provide a boost to climate and biodiversity efforts, experts say, in the run-up to a key summit on the future of the Amazon rainforest.

In the coming days, the Brazilian president, Luiz Inácio Lula da Silva, will host a pan-Amazonian summit on the future of the world’s largest rainforest, with leaders from Venezuela to Peru hoping to present a plan at Cop28 to halt their destruction. Experts have said if rich countries provide backing to tropical forested countries it could help governments deliver on Cop26 promises to halt and reverse deforestation by 2030.

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British people are kinder and less divided than politicians give us credit for | Nesrine Malik

The Guardian - Mon, 2023-08-07 15:00

On urgent issues from strikes to the climate, voters are increasingly progressive. If only our so-called leaders would catch up

An expiring Tory party lashing about for electoral resuscitation by doubling down on a small number of pugnacious policies. A Labour opposition that has straitjacketed its pledges and ambitions with its fears of blowing its strongest chance in years to gain power. That is the slim space that now defines Westminster, making the preoccupations and tones of our politicians seem more remote than ever.

The result is a widening gulf between people’s reality and what they are relentlessly told they actually believe in and care about. Take immigration – a topic that has for the past three decades been at the top of the political agenda, and is now firmly established as something many should have “concerns” about. But attitudes among the public are flexible, dependent on the type of immigration and the general political mood.

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NSW super-sizes first renewable zone as it races to meet coal closure deadlines

RenewEconomy - Mon, 2023-08-07 13:41

NSW to double capacity of its first renewable energy zone as it races to fill the gap to be created by coal closures, and as anti-transmission sentiment deepens.

The post NSW super-sizes first renewable zone as it races to meet coal closure deadlines appeared first on RenewEconomy.

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Tasmania questions whether Marinus Link “stacks up” as project costs soar

RenewEconomy - Mon, 2023-08-07 13:09

News of “material and significant” cost increases for Marinus Link cause Tasmania to revisit its support for the project.

The post Tasmania questions whether Marinus Link “stacks up” as project costs soar appeared first on RenewEconomy.

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Australia Market Roundup: Santos signs MoU on Bayu-Undan CCS, NZ hydrogen company secures NSW funding

Carbon Pulse - Mon, 2023-08-07 12:35
Australian oil and gas company Santos has signed an agreement with Timor-Leste’s national oil company Timor Gap to explore cooperation opportunities on its Bayu-Undan CCS project.
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Is the climate crisis finally catching up with Antarctica? Finding the answer has never been more pressing | Andrew Meijers

The Guardian - Mon, 2023-08-07 12:01

Our inability to confidently predict sea level rise between an extremely challenging two metres and a civilisation-ending 10 metres is an exemplar of the problem facing researchers

These last few months have been a turbulent time to be an oceanographer, particularly one specialising in the vast Southern Ocean around Antarctica and its role in our climate. The media has been awash with stories of marine heatwaves across the northern hemisphere, the potential collapse of the Atlantic meridional overturning circulation by mid-century and the record-breaking deficit in Antarctic sea ice emerging this southern winter. Alongside heatwaves and bushfires in North America and southern Europe, flooding in China and South American winter temperatures above 38C, the climate has moved from a “future problem” to a “now problem” in the minds of many.

The global climate is one hugely complex interconnected system. While the Antarctic and Southern Ocean are far removed from our daily lives, they play an oversized role in this system and the future climate that concerns humanity now. “Global warming” is really “ocean warming”. The atmospheric temperature change, the 1.5C Paris target we are now perilously near to exceeding, really is only a few percent of our total excess trapped heat. Almost all the rest is in the ocean and it is around Antarctica that it is predominantly taken up. How this uptake may change in the future as winds, temperatures and ice shift is a critical scientific, and human, question.

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Giant turbines at Goyder South project to begin epic journey inland from September

RenewEconomy - Mon, 2023-08-07 11:55

It will take a year to move all 75 turbines, separated into 11 parts, from Port Adelaide to the site of the state's biggest wind project.

The post Giant turbines at Goyder South project to begin epic journey inland from September appeared first on RenewEconomy.

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Japan to start Fukushima water release within weeks – report

The Guardian - Mon, 2023-08-07 11:51

Release of contaminated water from the damaged nuclear plant has been criticised by fishers and countries in the region

Japan plans to start releasing treated radioactive water from the tsunami-wrecked Fukushima nuclear power plant into the ocean as soon as late August, Japan’s Asahi Shimbun daily reported on Monday, citing unnamed government sources.

The release is likely to come shortly after the prime minister, Fumio Kishida, meets the US president, Joe Biden, and the South Korean president, Yoon Suk-yeol, next week in the US, where Kishida planned to explain the safety of the water in question, it reported.

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Plastic rocks, plutonium, and chicken bones: the markers we're laying down in deep time

The Conversation - Mon, 2023-08-07 10:46
We’re having a big impact on the planet. But what marks will we leave behind in deep time? Duncan Cook, Associate Professor in Geography, Australian Catholic University Licensed as Creative Commons – attribution, no derivatives.
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Canberra Centenary Trail: watch a hypnotic hyperlapse of the 145km walk in seven minutes – video

The Guardian - Mon, 2023-08-07 10:00

This video 'hyperlapse' follows the 145km Canberra Centenary Trail. The journey starts at the doors of Parliament House, invades the pitch at a Big Bash cricket match, and culminates with a stunning ride in a hot air balloon. It took videographer David Fanner a year to complete the project. He told the Guardian his aim was to 'capture the immersive experiences of a long-distance hike in a way the typical highlight reel approach doesn't'. He said he also wanted to showcase the stunning beauty that Canberra, in Ngunnawal and Ngambri country, has to offer

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Aviation non-CO2 methodology gains initial approval from Gold Standard paving way for credit issuance

Carbon Pulse - Mon, 2023-08-07 09:01
A methodology for crediting contrail reduction, a form of non-CO2 pollution created by flying, has been provisionally approved by voluntary carbon market certifier Gold Standard, a release announced Wednesday.
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US scientists achieve net energy gain for second time in a fusion reaction

The Guardian - Mon, 2023-08-07 07:48

The Lawrence Livermore National Laboratory’s National Ignition Facility achieved the feat using lasers to fuse two atoms

US scientists have achieved net energy gain in a fusion reaction for the second time since December last year, the Lawrence Livermore National Laboratory said on Sunday.

Scientists at the California-based lab repeated the breakthrough in an experiment in the National Ignition Facility (NIF) on 30 July that produced a higher energy yield than in December, a Lawrence Livermore spokesperson said.

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How climate change will affect your pet – and how to help them cope

The Conversation - Mon, 2023-08-07 06:00
New research shows climate change will harm animal welfare – including your pet. Edward Narayan, Senior Lecturer in Animal Science, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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