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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-03-26 22:26
EU carbon prices were slightly weaker at midday on Tuesday after strong early gains were followed by renewed selling, while energy prices eased back after the previous session's sharp gains, which one analyst called "exaggerated".
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Rare fungus to be moved from Scotland to England in hopes to save species

The Guardian - Tue, 2024-03-26 22:00

Exclusive: Fingers of willow gloves, found in only two woodlands, will be rushed to Cumbria and tied to new trees

Fingers of a critically endangered fungus will this week be removed from its last sites in Scotland and fixed to trees in three woodlands in England to save it from extinction.

Willow gloves, which resembles the fingers of washing-up gloves and grows on dead trees, is found only in two woodlands, and the vast majority is living on just one fallen tree.

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EU empty-handed at COP16 without nature law -Environment Commissioner

Carbon Pulse - Tue, 2024-03-26 21:44
A last-minute failure to green-light the so-called Nature Restoration Law will leave the European Union "empty-handed" at the upcoming UN summit on biodiversity, EU commissioner for Environment Virginijus Sinkevicius said during a bitter speech on Monday.
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Just transition takes centre stage as EU countries debate 2040 climate goal

Carbon Pulse - Tue, 2024-03-26 21:12
Concerns about social acceptance, industrial policy, and finance came to the fore on Monday as the EU’s 27 environment ministers debated the bloc’s 2040 climate target.
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Calls for international criminal court to end ‘impunity’ for environmental crimes

The Guardian - Tue, 2024-03-26 20:37

Campaigners say activities leading to severe environmental harm usually also violate human rights

The international criminal court (ICC) has been urged to start investigating and prosecuting individuals who harm the environment.

Academics, lawyers and campaigners from around the world have sent expert opinions to the court outlining what they call its current regime of “impunity” for serious environmental crimes.

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German network releases guidelines to enhance biodiversity conservation policies

Carbon Pulse - Tue, 2024-03-26 20:33
A German-based research network has released a set of recommendations to enhance conservation efforts, ranging from transforming food systems to improving monitoring, in an attempt to better inform nature policies at a national and European level.
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Japanese IT company launches marine data acquisition technology, supports blue carbon and biodiversity

Carbon Pulse - Tue, 2024-03-26 18:38
A Japanese information services provider has launched an AI-powered solution for data acquisition, which can quantify and simulate changes in the marine environment to support blue carbon and biodiversity initiatives. 
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Albanese government manages to unite automotive industry on fuel standards – almost

The Guardian - Tue, 2024-03-26 18:23

Although forced to water down its original settings, the revised model will help Australia reach its decarbonisation targets

In bringing together a fiercely divided auto industry, the Albanese government appears to have struck a consensus model for a vehicle efficiency standard that will meaningfully bring down emissions – and Australian motorists will reap the rewards.

While the government ultimately had to buckle to industry pressure and water down the preferred settings it had unveiled in February – the most significant concessions being the easing of rules for certain large SUVs and a six-month delay to the credit and penalty system – the fact targets were ambitious to begin with meant that even environmental and electric vehicle bodies back the compromise deal.

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Oil and gas majors partner to produce SAF at Chinese refinery

Carbon Pulse - Tue, 2024-03-26 18:11
China’s second-largest oil and gas company and French oiler TotalEnergies plan to develop sustainable aviation fuel (SAF) at an existing Chinese oil refinery.
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Japanese, US giants look to clean fuel agreement

Carbon Pulse - Tue, 2024-03-26 17:38
Japan’s Jera plans to buy into a giant US hydrogen project that would supply it with 500,000 tonnes of green ammonia per year, it said Tuesday.
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Pertamina to push Indonesia’s OJK to allow more project types on national carbon exchange

Carbon Pulse - Tue, 2024-03-26 17:28
Indonesia’s state-owned energy company Pertamina will lobby the country’s Financial Services Authority (OJK) to allow more energy efficiency projects on the country’s national carbon exchange, a representative told local media.
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‘Cautious optimism’ as penguins test positive for bird flu but show no symptoms

The Guardian - Tue, 2024-03-26 17:00

Asymptomatic cases may seem reassuring for the penguins, but scientists fear they could act as ‘Trojan horses’ for other species

Adélie penguins in Antarctica are testing positive for bird flu without showing outward signs of disease, according to researchers who travelled around 13 remote breeding sites on an ice-breaking cruise ship.

Since bird flu arrived in the region this year, there have been concerns about the virus reaching the Antarctic’s fragile penguin populations. In November last year, researchers warned in a pre-print research paper that if the virus caused mass mortality in these colonies, “it could signal one of the largest ecological disasters of modern times”.

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How do you save the pint from climate change?

BBC - Tue, 2024-03-26 16:30
Researchers are identifying genes in the hop plant to produce varieties that will be more resilient to climate change.
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Treat voluntary carbon credits as intangible property and watch the market grow, report says

Carbon Pulse - Tue, 2024-03-26 15:06
Treating voluntary carbon credits as intangible property rather than a commodity can provide the clear commercial basis participants need to confidently make transactions and manage risk in the market, according to a a legal paper released Tuesday by a Singaporean investment platform.
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Novel New Zealand concrete decarbonising start-up raises $4 mln in oversubscribed seed funding round

Carbon Pulse - Tue, 2024-03-26 12:04
A New Zealand start-up focussing on decarbonising concrete has secured NZ$6.5 million ($4mln) in seed funding that will go towards scaling up its business, it announced.
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