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EVs are still too expensive for most Australians – so why are some carmakers and the Coalition standing in the way | Adam Morton

The Guardian - Wed, 2024-03-06 07:34

We are buying more electric and plug-in hybrid cars – 8.5% of all new sales last year – and no one’s weekend has ended. But that’s barely half of the global sales proportion

The number of electric vehicles sold in Australia is increasing, but let’s be blunt: battery power cars are still unattainable for most people. Most models are expensive, and there are often long waiting lists.

Nearly 100,000 EVs and plug-in hybrid cars were sold across the country last year – 8.5% of all new sales. The good news is it was more than double the figure the previous year, and no one’s weekend ended as a result. But it was still barely half of the global sales proportion of 15.8%. In climate terms, we’re not pulling our weight.

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Executives concerned by impending ESG regulations, investors remain undeterred -report

Carbon Pulse - Wed, 2024-03-06 06:41
Executives are being pressed by an impending wave of environmental, social, and governance (ESG) regulations, while institutional investors remain resolute on the importance of ESG data in the face of recent controversy, with both embracing integrated reporting, according to a report published Tuesday.
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Ever heard of the Maritime Continent? It’s not far from Australia – and channels heat around the world

The Conversation - Wed, 2024-03-06 05:10
Is there really a secret continent to Australia’s north? Not quite. The Maritime Continent is a region where hot seas and islands shape the world’s climate. Michael Hewson, Senior Lecturer Geography, CQUniversity Australia Licensed as Creative Commons – attribution, no derivatives.
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Dinosaur-age 'nightmarish' sea lizard fossil found

BBC - Wed, 2024-03-06 04:31
Scientists believe the species hunted the oceans 66 million years ago with "teeth like knives".
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FEATURE: WTO complaints over CBAM would a face lengthy process with little hope of dismantling it

Carbon Pulse - Wed, 2024-03-06 02:50
Countries submitting a complaint to the WTO over the EU’s carbon border adjustment mechanism may have to wait years for any kind of decision, and even then it is unlikely to lead to any dismantling, trade experts have told Carbon Pulse.
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ANALYSIS: Experts hail “milestone” German net negative emissions proposal

Carbon Pulse - Wed, 2024-03-06 02:47
Industry stakeholders have described Germany's policy proposal to establish a 2060 target for achieving net-negative GHGs as a "significant milestone" for the carbon removals space and international climate action.
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Europe’s largest pension fund targets €1 bln investments in biodiversity

Carbon Pulse - Wed, 2024-03-06 01:49
Europe's biggest public sector pension fund has disclosed plans to invest €1 billion in biodiversity by 2030, while tightening the environmental investment criteria of its portfolio.
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Conserving Brazilian mangroves would save 50% more carbon than previously thought -study

Carbon Pulse - Wed, 2024-03-06 01:45
Global models under-estimate avoided CO2 emissions from mangrove conservation in Brazil but over-estimate their soil organic carbon (SOC) density due to limited reliance on field data, according to a peer-reviewed study published this week.
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Trouble ahead for solar industry as EU reaches deal to ban products made from forced labour

Carbon Pulse - Wed, 2024-03-06 01:22
The European solar industry is in for a reshuffle – and potential delays in meeting EU targets – after legislators agreed on Tuesday to ban products made from forced labour, which is slated to disrupt supplies coming from China.
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Sustainable food investor raises $645 mln across two funds

Carbon Pulse - Wed, 2024-03-06 01:21
Some $645 million has been raised across private equity and venture capital funds by London-based sustainable food and agriculture investment firm Cibus Capital.
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Hundreds of thousands of salmon dead from ‘gas bubble disease’ in US river

The Guardian - Wed, 2024-03-06 00:46

Mass dieoff in Klamath River caused by extreme changes in water pressure amid largest dam removal project in US history

As many as hundreds of thousands of newly hatched Chinook salmon released into the Klamath River have died due to “gas bubble disease” caused by extreme changes in water pressure.

The young salmon fry were released amid the largest dam removal project in US history along the 257-mile-long river, which flows across Oregon and California. Four hydropower dams are being removed, reconnecting the lower and upper portions of the Klamath River for the first time in a century and allowing fish free passage along the river.

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Danish airport invests in portfolio of carbon removal projects

Carbon Pulse - Wed, 2024-03-06 00:18
Denmark’s largest airport has invested in a new portfolio of carbon removal projects as it steps up its target to be emissions free by 2030, it was announced Tuesday.
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UAE-based carbon project developer Blue Carbon solicits applicants to support activity design, monitoring

Carbon Pulse - Wed, 2024-03-06 00:09
Blue Carbon, a Dubai-based carbon project developer aiming to participate in Article 6 markets, has issued a request for proposals (RFP) to obtain support for design and monitoring across its portfolio.
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Cars sold in Australia in 2023 emitted as much CO2 as 156 coalmines, analysis shows

The Guardian - Wed, 2024-03-06 00:00

Finding comes as public consultation for the proposed fuel efficiency standard closes, with advocates warning of a loophole for SUVs

Cars sold in Australia by just five companies emitted as much carbon dioxide in 2023 as 156 standard coalmines, analysis shows, as advocates eager for the government’s proposed fuel efficiency standard warn of a loophole for SUVs.

However as the Albanese government considers the views of industry players on its proposed fuel efficiency standard, tensions are firming between auto manufacturers and environmental groups about how strict the new rules should be.

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Tesla accuses Australian car lobby group of making ‘false claims’ about Labor’s vehicle emissions plan

The Guardian - Wed, 2024-03-06 00:00

Exclusive: Electric car company says Federal Chamber of Automotive Industries is running a ‘concerted public campaign’ by suggesting plan would push up price of popular cars

Tesla has launched a scathing attack on Australia’s main auto industry lobby group, accusing it of attempting to delay climate action by repeatedly making “plainly false” claims to the public about an Albanese government clean car policy.

In a submission to the government about the design of a vehicle efficiency standard, Tesla sharply criticised the Federal Chamber of Automotive Industries (FCAI), an organisation in which it holds a board seat and is an active member.

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Labour to end UK exemptions for bee-killing pesticides outlawed by EU

The Guardian - Tue, 2024-03-05 23:49

Exclusive: Wildlife groups welcome promise to ban pesticides approved by government against scientists’ advice

Labour will end exemptions for bee-killing pesticides that have already been outlawed in the EU but which the UK government has approved for four years in a row, the shadow environment minister has said.

This week, the government authorised the use of thiamethoxam, also known as Cruiser SB, on sugar beet crops – against the advice of its scientists, who said it would pose a threat to bees.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-03-05 23:17
European carbon soared as much as 7.7% on Tuesday morning as a squeeze triggered by a rally in natural gas prices extended for a second day, forcing short-positioned traders to buy back in the futures market, while the approaching expiry of the March options contract also encouraged covering.
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Building integrated value chains for CCS, hydrogen, and wind helps to drive up returns -oil major

Carbon Pulse - Tue, 2024-03-05 22:58
Creating integrated value chains across offshore wind, green hydrogen, and carbon capture and storage (CCS) in industrial heartlands is key to achieving higher returns and counteracting the impact of an inflationary environment, said an oil major executive speaking at a conference today.
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German green hydrogen maker snags €500 mln for EU scale-up

Carbon Pulse - Tue, 2024-03-05 21:00
A German renewable hydrogen maker has secured over €500 million to advance its green hydrogen development, from major backers including the European Investment Bank and Amazon Climate Pledge Fund, it announced on Tuesday.
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