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CF TURKIYE: Steep forward curve for Turkish ETS as permit prices seen tracking EUAs by mid-2030s

Carbon Pulse - Sat, 2024-05-11 22:34
Allowances prices in Turkiye’s ETS are expected to eventually mirror those for EUAs in the EU carbon market, meaning they could climb to as high as €150/tonne by the mid-2030s, experts said this week.
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Ministers consider making UK’s carbon targets easier to meet

The Guardian - Sat, 2024-05-11 16:00

Fears Climate Change Committee’s advice not to allow carryover from last carbon budget will be ignored

Ministers are considering plans to weaken the UK’s carbon-cutting plans by allowing the unused portion of the last carbon budget to be carried over to the next period.

This would go against the strong recommendation of the government’s statutory climate advisers, the Climate Change Committee.

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Brutal heatwaves and submerged cities: what a 3C world would look like

The Guardian - Sat, 2024-05-11 14:00

Climate scientists have told the Guardian they expect catastrophic levels of global heating. Here’s what that would mean for the planet

Global heating is likely to soar past internationally agreed limits, according to a Guardian survey of hundreds of leading climate experts, bringing catastrophic heatwaves, floods and storms.

Only 6% of the respondents thought the 1.5C limit could be achieved, and this would require extraordinarily fast, radical action to halt and reverse the world’s rising emissions from fossil fuel burning.

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Island fights back grey squirrel invasion

BBC - Sat, 2024-05-11 10:46
A conservationist is on a mission to keep a Welsh island a sanctuary for native red squirrels.
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INTERVIEW: DAC developer launches pilot facility, plans to scale new chemical approach

Carbon Pulse - Sat, 2024-05-11 10:22
A Tennessee-based direct air capture (DAC) company launched a pilot facility Wednesday, its initial deployment of an approach that the firm’s CEO told Carbon Pulse offers a more energy efficient alternative in the emerging industry.
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Virginia lawmakers poised to reach budget deal that excludes rejoining RGGI -media

Carbon Pulse - Sat, 2024-05-11 10:08
Democratic lawmakers in Virginia and the state's Republican governor reportedly reached a yet-to-be-published budget deal Thursday that is expected to exclude proposed language on rejoining the regional power sector cap-and-trade programme.
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Compliance players build length across North American carbon markets, speculators book V24 profits

Carbon Pulse - Sat, 2024-05-11 10:03
Compliance entities have added to their holdings across North American carbon markets, while managed money continue to reduce vintage 2024 positions in most schemes in favour of longer-dated California Carbon Allowances (CCAs), according to weekly data from the US Commodity Futures Trading Commission (CFTC).
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‘Only hope we’ve got’: the audacious plan to genetically engineer Australia’s endangered northern quoll

The Guardian - Sat, 2024-05-11 10:00

In a revolutionary approach, scientists are hoping that modifying the marsupial’s genes to resist cane toads’ toxin will save it from extinction

In a laboratory in the University of Melbourne earlier this year, PhD student Pierre Ibri was running an experiment that could prove to be a critical step in an audacious plan to save Australia’s endangered northern quoll.

In plastic trays were groups of tissue cells of another Australian marsupial – the common and mouse-like fat-tailed dunnart – that he was subjecting to the toxin of the cane toad, an invasive amphibian that has cut a swathe through populations of native animals in Australia’s north.

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Northern Lights in dazzling display across the UK

BBC - Sat, 2024-05-11 07:49
A solar storm of this scale can cause disruptions to infrastructure such as the power grid.
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Tunnel of love? Cautious adders get a helping hand

BBC - Sat, 2024-05-11 03:05
The local wildlife trust hopes the tunnels will boost the reptile's numbers by encouraging mating.
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EUA cancellations associated with coal closures set to cut supply by 160 Mt by 2030 -analyst

Carbon Pulse - Sat, 2024-05-11 02:18
Retirement of coal- and lignite-fired power plants by EU member states could lead to as many as 160 million EUAs being voluntarily cancelled by 2030, with even more set to be deleted after that date, forcing prices higher as supply is removed from the market, according to an analyst.
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Mexican body introduces national carbon standard in push for voluntary market transparency -media

Carbon Pulse - Sat, 2024-05-11 01:27
A Mexican standards body has launched a new version of an international offsetting standard adapted to the national context as the country moves to pass new transparency regulations governing the voluntary carbon market (VCM), according to a local media report.
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Chilean province moves to establish local offsetting exchange -media

Carbon Pulse - Sat, 2024-05-11 01:02
The Los Lagos region of Chile aims to implement Chile’s first offsetting exchange to facilitate the purchase of carbon credits and decarbonise local industries, per a local paper from the city of Osorno.
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The climate crisis is no laughing matter, no matter what those on Radio 4’s Today programme think | Bill McGuire

The Guardian - Sat, 2024-05-11 00:41

As a scientist, I’m faced with indifference and a failure to understand the reality of the climate crisis every day. We must wake people up

  • Bill McGuire is professor emeritus of geophysical and climate hazards at UCL

Do you find climate breakdown funny? Do you think it’s a laughing matter that we are on track to bequeath to our children and their children a planet changed for the worse beyond all recognition? I don’t – and I’m sure the presenters of Radio 4’s Today programme don’t either. But I couldn’t help feeling we were having a bit of a Don’t Look Up moment yesterday, hearing them brush off predictions by top climate scientists that our world will end up at least 2.5C hotter as depressing and “gloomy”. This is not to say that laughter and grim news shouldn’t or can’t go together. I work with comedians to help get the climate crisis message across, but we use humour to aid understanding and to help cope, not to denigrate and mock.

The truth is that most people, including many professional journalists, and most politicians, don’t really “get” climate breakdown. Partly this reflects a heads-in-the-sand attitude, but mainly it flags a poor understanding of just how bad things are set to get.

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Two Just Stop Oil protesters attack Magna Carta’s glass case

The Guardian - Sat, 2024-05-11 00:07

Group says two women in their 80s took hammer and chisel to protective glass at British Library

Two Just Stop Oil protesters have smashed the glass around Magna Carta at the British Library.

The Rev Sue Parfitt, 82, and Judy Bruce, 85, a retired biology teacher, targeted the protective enclosure with a hammer and chisel on Friday morning.

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CF TURKIYE: Registries will include carbon project lifecycle updates to boost transparency in voluntary market

Carbon Pulse - Fri, 2024-05-10 22:52
Two carbon registries will begin offering updates about projects throughout their lifecycle in a bid to improve voluntary market (VCM) transparency post-validation and verification, according to representatives speaking at Carbon Forward Turkiye on Friday.
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CF TURKIYE: Sustainable development is key priority for Turkish carbon markets stakeholders

Carbon Pulse - Fri, 2024-05-10 22:35
Turkiye’s national development, including socioeconomic and ecological dimensions, are at the forefront of stakeholder interest in the voluntary carbon market (VCM) and potential Article 6 engagement, Carbon Forward Turkiye heard Friday in Izmir.
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CF TURKIYE: Turkish renewables projects dampened by voluntary market woes

Carbon Pulse - Fri, 2024-05-10 22:32
Turkish renewable energy companies say they are struggling to develop projects because of the high costs, long timelines, and administrative burdens of certifying their emission reductions, combined with the low prices and uncertainty in the voluntary carbon market.
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Nepal urged to involve private sector in Article 6

Carbon Pulse - Fri, 2024-05-10 22:12
Nepal should make it easier for private sector actors to engage in Article 6 projects to help make sure the country can meet its commitments under the Paris Agreement, the UN Development Programme (UNDP) said Friday.
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