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UPDATE – Washington Q3 current vintage carbon auction volume remains identical to May sale, but features consigned allowances

Carbon Pulse - Sat, 2023-07-01 05:44
Washington state will offer an identical number of current vintage allowances at the August auction compared with the Q2 sale, according to a notice published Friday, with some of the volume stemming from consigned permits under the cap-and-trade programme.
Categories: Around The Web

BRIEFING: EU nations face major ambition hike in non-ETS sectors

Carbon Pulse - Sat, 2023-07-01 03:40
Most emissions reductions needed for the EU to meet its 2030 climate ambitions fall under the bloc's Effort Sharing Regulation (ESR), with signs that nations will struggle to meet their binding annual national targets in non-ETS sectors even if they make use of provisions to tap abatement from the ETS or land use sectors.
Categories: Around The Web

Is Pride the right target for Just Stop Oil? Yes, when it’s letting our common enemy off the hook | James Greig

The Guardian - Sat, 2023-07-01 03:09

LGBTQ+ rights and the climate crisis are not separate, when the forces working against them are so often one and the same

Queer members of Just Stop Oil issued Pride in London with a set of demands this week, arguing that “the climate crisis is the biggest threat to LGBTQ+ rights, due to social collapse”. This comes after Pride faced accusations of “pinkwashing” over its decision to make United Airlines the headline sponsor of this year’s event.

Just Stop Oil is calling for transparency around which companies Pride in London accepts money from, and how these decisions are made; a statement from the organisers demanding an end to new oil and gas; and a public meeting with its volunteers about joining the fight for climate justice. Failure to meet these demands, Just Stop Oil suggested, “may or may not” result in protest action during Saturday’s event.

James Greig writes about culture and society

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Colombian mangrove project sees carbon credit score downgraded by rating agency

Carbon Pulse - Sat, 2023-07-01 03:08
Carbon credits from a mangrove project in Colombia have been downgraded to a moderate chance of achieving a tonne of carbon avoidance or removal , while credits from three other projects, including a cookstove project in Somalia, have been given low chances.
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EU ambassadors fail to agree on power market reform, leaders urge speedy industry deal

Carbon Pulse - Sat, 2023-07-01 02:59
Representatives of EU nations failed to find a deal on Friday to reform the bloc's electricity market to help speed decarbonisation amid continued squabbles on how nuclear and coal should be treated.
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London Super Sewer gets underground flower garden

BBC - Sat, 2023-07-01 01:57
The artificial oasis 50m beneath London aims to reflect a healthier future for the River Thames once the new sewer opens.
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Investor shine fades in carbon sector amid general slowdown in climate tech

Carbon Pulse - Sat, 2023-07-01 01:18
Venture capital funding in the carbon industry slumped in the first half of the year amid a general retrenchment in the climate tech sector, but largely because of a boom in 2022, according to research published on Friday.
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New forest carbon standard pivots to more ecosystem-focused assessment, eyes Sep. launch

Carbon Pulse - Sat, 2023-07-01 00:39
A new nature-based voluntary carbon market standard on Friday said it will revise its focus following a consultation towards the assessment of ecosystem and habitat indicators as it looks to make an official launch in early September.
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The tide is coming in fast on Rishi Sunak – and it’s full of sewage | Marina Hyde

The Guardian - Fri, 2023-06-30 23:03

The prime minister’s pledges to transform the country look about as rock steady as Thames Water’s balance sheets

Another busy week for Britain’s Ministry of Metaphor, as the country’s largest supplier of that luxury product “water” teeters on the brink of collapse. Thames Water has become the latest object lesson in the predictable and predicted folly of privatised monopolies, aided by a regulator that’s an even bigger wet wipe than the fatbergs bunging up the sewers. If you thought leveraged debt was bad when the Glazers did it with Manchester United, it’s possible you’ll find it even worse when water firms are holding you to a 40% bill hike if you simply want one of the essential building blocks of human life to come out of your tap. The companies have acted like cowboy builders who fleece unsuspecting customers for catastrophically poor work, and now want you to pay them huge sums again to fix it.

Back to them in a minute. For now, let’s rewind to early January this year, when the prime minister portentously unveiled his government’s five pledges. You may recall quite a lot of political experts explaining loftily that he had chosen these specific targets as they were actually not all that hard to achieve. As Rishi Sunak put it then: “Those are the people’s priorities. We will either have achieved them or not. No tricks, no ambiguity. We’re either delivering for you or we’re not.”

Marina Hyde is a Guardian columnist

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2023-06-30 22:12
European carbon posted a small gain at midday on Friday after early declines amid thin trading as the quarter neared its end and traders closed their books, with a weak German auction contributing to a bearish feel while energy prices were slightly firmer as traders looked ahead to the start of Q3.
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ANALYSIS: EUA pricing may be shifting back to fundamentals as spec-driven whipsaw seen ending

Carbon Pulse - Fri, 2023-06-30 22:06
Europe's carbon market has seen sharp price swings in recent months amid an increased focus on technical trading as participants have focused on speculative positioning, but after the most recent episode of short-covering traders are starting to question whether EUAs are overvalued, with some are saying allowance costs may again start to reflect fundamentals.
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UK lawmakers publishes report on marine mammal protection

Carbon Pulse - Fri, 2023-06-30 21:57
A report from a British parliamentary environment committee on protecting marine mammals published this week calls for new comprehensive and precautionary actions to protect species.
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CN Markets: CEA price stable with improved trading volume, though CCER liquidity shrinks amid lack of clarity

Carbon Pulse - Fri, 2023-06-30 21:38
The spot price in China's national emissions trading scheme (ETS) remained stable over the past two weeks with a steady increase in trading volume, while the domestic offset market saw shrinking liquidity as participants are taking a wait-and-see attitude ahead of the official relaunch of the national programme.
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Humans hundreds of times 'deadlier' than sharks

BBC - Fri, 2023-06-30 20:31
We exploit around a third of wild animals for own own uses, putting almost half at risk of extinction.
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Blackpool zoo welcomes ‘very special baby’ orangutan

The Guardian - Fri, 2023-06-30 20:23

First Bornean orangutan to be born at the zoo in 20 years welcomed, with species facing extinction in the wild

An orangutan has been born at Blackpool zoo as part of efforts to save the dwindling species.

The new arrival is the first Bornean orangutan to be born at the zoo in 20 years, making him a “very special baby”, zookeepers said.

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Global biodiversity fund ready for August launch after GEF reaches agreement

Carbon Pulse - Fri, 2023-06-30 20:16
The Global Environment Facility (GEF) Council has reached an agreement on the design of the Global Biodiversity Framework Fund (GBFF), leaving everything set for the fund to be formally launched at the GEF Assembly in Canada in August.
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New report finds most US kale samples contain ‘disturbing’ levels of ‘forever chemicals’

The Guardian - Fri, 2023-06-30 20:00

PFAS was found in seven of eight samples bought at US stores, with organic kale containing higher levels of the toxic compounds

Seven out of eight US kale samples recently tested for toxic PFAS “forever chemicals” contained high levels of the compounds.

The testing looked at conventional and organic kale bought at grocery stores across the country, and comes after Food and Drug Administration analyses conducted between 2019 and 2021 found no PFAS contamination.

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Japan tweaks J-Credit scheme for CORSIA reapplication

Carbon Pulse - Fri, 2023-06-30 19:40
Japan has made further adjustments to the rules of its national voluntary carbon credit programme to remove doubts over double claims, agreeing to subject it to corresponding adjustments in preparation for its participation in ICAO’s aviation offsetting scheme CORSIA.
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INTERVIEW: Private equity house eyes partnering up with carbon credit investors on climate projects

Carbon Pulse - Fri, 2023-06-30 19:30
A New York-based private equity firm wants to establish partnerships with carbon credit investors on financing climate projects in developing countries as it looks to increase its involvement in the voluntary carbon market, a senior member of the firm told Carbon Pulse at the sidelines of the Gold Standard conference in London earlier this week.
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India, China seen to have greatest potential to cut livestock emissions

Carbon Pulse - Fri, 2023-06-30 18:27
A handful of countries, including India and China, disproportionately contribute to global livestock emissions, and a shift in their investments can help reduce related emissions and allow food systems to adapt to climate extremes, according to the Consultative Group on International Agricultural Research (CGIAR).
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