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Rio Tinto debuts novel, clean steelmaking process

Carbon Pulse - Tue, 2024-06-04 14:49
Australian mining giant Rio Tinto announced Tuesday it will spend $143 million on an R&D facility to assess the effectiveness of its novel low-carbon ironmaking process, dubbed BioIron, that it says could cut up to 95% of the emissions associated with steelmaking.
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China's far-side Moon mission begins journey back

BBC - Tue, 2024-06-04 14:29
The collecting module is coming back with the first samples ever taken from that side of the moon.
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Book festival activists are making absurd demands over Baillie Gifford | Nils Pratley

The Guardian - Tue, 2024-06-04 14:00

Insistence on investment purity misses the point and will only lead to a decline in arts sponsorship

In a ranking of climate villains in the fund management industry, Baillie Gifford would surely come a long way down most people’s list. The Edinburgh-based firm preaches long-termism and its specialism is backing technology companies, especially those with kit to accelerate the transition to cleaner energy and transport. It was early into Tesla on the thesis that polluting internal combustion engines are on the way out and Elon Musk had a winning electric design. Another high-profile bet was Northvolt, the Swedish pacesetter in batteries that is now the net zero envy of the rest of Europe.

Few portfolios in the mainstream asset management world are entirely free of fossil fuel assets but Baillie Gifford’s are definitely at the less oily end. As the firm has pointed out repeatedly in recent weeks, only 1% of the £225bn of the assets it manages is invested directly in fossil fuel companies, and the figure is still only 2% if one includes stocks such as supermarkets that sell petrol. That’s versus an industry average of 11%.

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Should we worry about wasting renewable energy? Here’s why ‘spilling’ excess power is expected – and efficient

The Conversation - Tue, 2024-06-04 12:52
No, it’s not a problem that some renewable power doesn’t make it to the grid. Here’s why Dylan McConnell, Senior Research Associate, Renewable Energy & Energy Systems Analyst, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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UBS AM launches EU carbon ETC

Carbon Pulse - Tue, 2024-06-04 12:40
UBS Asset Management has launched an exchange-traded commodity (ETC) that gives investors exposure to the EU carbon market.
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Aerial pictures show Hawaii’s Kilauea volcano erupting – video

The Guardian - Tue, 2024-06-04 11:09

Kilauea, one of the most active volcanoes in the world, has begun erupting in a remote area that last saw an eruption half-century ago, the US Geological Survey’s Hawaiian Volcano Observatory said. The eruption is about 1.6 km (1 mile) south of the Kilauea caldera, in an area within Hawaii Volcanoes national park that last erupted in December 1974. The area surrounding the caldera has been closed to the public since 2008 because of other hazards, including ground cracking, instability in the crater wall and rockfalls.

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Arrest warrant issued for Aboriginal activist who says he is not an Australian citizen

The Guardian - Tue, 2024-06-04 10:42

Jim Everett-puralia meenamatta refused to attend court on charges of trespassing over an anti-forestry protest

A Hobart magistrate has issued an arrest warrant for an Aboriginal activist who refused to attend court on charges stemming from a protest because he does not consider himself an Australian citizen.

Jim Everett-puralia meenamatta says he wants to highlight the destruction of forests and issues of Indigenous sovereignty.

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INTERVIEW: Paraguay a promising hotspot for LATAM carbon markets, says developer

Carbon Pulse - Tue, 2024-06-04 10:28
Asuncion has reassured voluntary market (VCM) stakeholders with its low risk profile, favourability to carbon markets, and facilitating frameworks, enticing project proponents despite the country’s small size, an international developer told Carbon Pulse in Buenos Aires on Monday.
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Price containment mechanisms buffer WCI ETS from technological uncertainties, limited impact from facility caps -think tank

Carbon Pulse - Tue, 2024-06-04 10:06
Dynamic allowance supply from price containment mechanisms could provide flexibility and reduce uncertainties through varying technological outcomes in California, while facility-specific caps could ensure emissions reductions in disadvantaged communities with minimal impact on the market, according to a think tank report.
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Analysts revise down near-term CCA forecasts amid workshop disappointment, predict low auction clear in Washington

Carbon Pulse - Tue, 2024-06-04 10:04
Analysts lowered their California Carbon Allowance (CCA) price estimates in light of workshop letdowns, but nevertheless foresaw an uptick in values following clarity regarding programme adjustments, and also projected a low auction clear in Washington's carbon market.
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What’s behind the global orange juice supply crisis and will Australians be affected? | Imran Ali

The Guardian - Tue, 2024-06-04 09:44

A bad forecast for the fruit harvest in Brazil could have knock-on effects on the price of Aussie breakfast beverages and beyond

Oranges – and all the things we can make from them – are big business. But the industry is facing a severe crisis.

About 50m tonnes of oranges are grown each year, 34% of them in Brazil. Brazil is also the world’s biggest exporter of orange juice by far, producing about 70% of global supply.

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RGGI Market: RGAs retreat from record highs on low volumes ahead of Q2 auction

Carbon Pulse - Tue, 2024-06-04 09:37
RGGI allowances (RGAs) reached an all-time high last Wednesday before tailing off at the end of the week, as market participants largely look to the upcoming second auction of the year despite expressing varying degrees of confidence in recent historic prices.
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FEATURE: Major carbon removal project in US Gulf Coast faces substantial storage challenges

Carbon Pulse - Tue, 2024-06-04 09:05
Hundreds of millions of dollars in federal funding currently back a direct air capture (DAC) project in the US Gulf Coast, but the developers have yet to reach a final decision on storage of captured CO2, while academics and community members heed caution towards industry scale-up in the region.
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Peat was historically mined overseas because it burns so well. But Australia’s subtropical peat bogs need fire to survive

The Conversation - Tue, 2024-06-04 06:06
Uniquely, an Australian subtropical peatland ecosystem exists that is not only resilient to the frequent bushfires, but actually needs fire to survive. Catherine Yule, Professor of Ecology, University of the Sunshine Coast Licensed as Creative Commons – attribution, no derivatives.
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