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Euro Markets: Midday Update

Carbon Pulse - Fri, 2025-01-10 22:28
European carbon prices stabilised on Friday morning as buyers stepped in to accumulate length after early weakness, leaving the market little-changed by midday, while prompt natural gas headed for its fifth decline in the first seven sessions of the year even as storage levels dropped below 70%.
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UK charity unveils 10-year plan to restore nature across 250,000 ha

Carbon Pulse - Fri, 2025-01-10 21:37
A UK charity has announced plans to create 250,000 hectares of nature-rich landscapes in the country over the next 10 years in a bid to support national efforts to meet biodiversity goals.
Categories: Around The Web

CN Markets: CEA price continues to fall, CCER credit issuance slower than expected

Carbon Pulse - Fri, 2025-01-10 21:24
Prices in China's national emissions market continued to fall over the past week with decreasing trading volumes, while observers remained cautious about the supply outlook of the long-stalled offset market, given the slower-than-expected project registration progress.
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Australian cement decarbonisation company wins $3 mln in US grants

Carbon Pulse - Fri, 2025-01-10 20:38
A company already backed by the Australian government for its cement decarbonisation solution announced that two of its projects have now been selected for US Department of Energy (DOE) funding.
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Japanese player partners with coal miner for SAF project

Carbon Pulse - Fri, 2025-01-10 19:34
A Japanese conglomerate is partnering with a coal miner and an agricultural startup in a further step toward sustainable aviation fuel (SAF) in Australia this week, with a view to earning carbon credits.
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Current inventories may underestimate methane emissions from Chinese coal mines, research says

Carbon Pulse - Fri, 2025-01-10 18:40
Existing emission inventories may underestimate methane emissions from China's coal mines, partly because of their reliance on aggregated statistical data, according to a recent report using satellite-based monitoring methods.
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Week in wildlife in pictures: an entangled elk, a grieving whale and a tortoise on the run

The Guardian - Fri, 2025-01-10 18:00

The best of this week’s wildlife photographs from around the world

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Categories: Around The Web

2024 first year to pass 1.5C global warming limit

BBC - Fri, 2025-01-10 14:13
Last year was the world's warmest on record, bringing temperatures above a politically symbolic milestone.
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WCI Markets: Rocky start to the year for CCAs

Carbon Pulse - Fri, 2025-01-10 13:13
Traders scrambled for reasons to explain the start of year weakness in California Carbon Allowances (CCA) as macro risk-off sentiment spread across broader markets.
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As Los Angeles combusts, 2024 is declared Earth’s hottest on record

The Conversation - Fri, 2025-01-10 13:08
This record-breaking heat is primarily driven by humanity’s burning of fossil fuels. The warming won’t stop until we reach net-zero emissions. Andrew King, Associate Professor in Climate Science, ARC Centre of Excellence for 21st Century Weather, The University of Melbourne David Karoly, Professor emeritus, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

Hottest year on record sent planet past 1.5C of heating for first time in 2024

The Guardian - Fri, 2025-01-10 13:00

Highest recorded temperatures supercharged extreme weather – with worse to come, EU data shows

Climate breakdown drove the annual global temperature above the internationally agreed 1.5C target for the first time last year, supercharging extreme weather and causing “misery to millions of people”.

The average temperature in 2024 was 1.6C above preindustrial levels, data from the EU’s Copernicus Climate Change Service (C3S) shows. That is a jump of 0.1C from 2023, which was also a record hot year and represents levels of heat never experienced by modern humans.

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2024 declared warmest year on record, first time global temperatures exceed 1.5C

Carbon Pulse - Fri, 2025-01-10 13:00
Last year was confirmed by multiple scientific agencies on Friday as the warmest year on record and the first calendar year that average global temperatures have exceeded 1.5C above pre-industrial levels.
Categories: Around The Web

Participants left in the dark over fate of Australian voluntary offsetting scheme

Carbon Pulse - Fri, 2025-01-10 12:58
The Australian government has yet to decide on reforms for its troubled voluntary corporate offsetting programme, even as speculation swirls that it may be scrapped altogether.
Categories: Around The Web

Business group challenges EPA approval of California’s stricter emission standards

Carbon Pulse - Fri, 2025-01-10 12:57
A US business lobby group this week sued the US EPA over two waivers recently granted to California, one of which allows the state to adopt a set of regulations that would ban the sale of new gasoline vehicles by 2035.
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We tracked the Tasmanian boobook as it flew a remarkable 250 kilometres non-stop across Bass Strait

The Conversation - Fri, 2025-01-10 12:42
Understanding this migration is crucial. New developments proposed in Bass Strait, particularly offshore wind farms, may introduce challenges for migrating birds. Jessica Wei Zhou, Researcher in Ecology, Monash University Rohan Clarke, Associate Professor, School of Biological Sciences, Monash University Licensed as Creative Commons – attribution, no derivatives.
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Why community volunteers will be essential for how NZ handles the arrival of bird flu

The Conversation - Fri, 2025-01-10 11:34
Conservation volunteers could provide a crucial defence line against bird flu outbreaks in New Zealand by ensuring early detection. Brett David Gartrell, Professor in Wildlife Health, Te Kunenga ki Pūrehuroa – Massey University Craig Brian Johnson, Professor of Veterinary Neurophysiology, Te Kunenga ki Pūrehuroa – Massey University Licensed as Creative Commons – attribution, no derivatives.
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Oil and gas emissions cap unconstitutional, Alberta asserts in public consultations

Carbon Pulse - Fri, 2025-01-10 11:28
Alberta is doubling down on threats to take the Canadian federal government to court over its proposed fossil fuel extraction emissions cap, the provincial government said during a public comment period for the federal policy.
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Fires like those in LA could hit Sydney or Melbourne. How prepared are we? | David Bowman for the Conversation

The Guardian - Fri, 2025-01-10 10:09

It’s possible for massive fires to burn in Australian cities. Planning needs to reflect this

As the Los Angeles wildfires rage, we are watching a disaster unfold in real time.

We knew this would happen eventually. We have moved from possible futures to these things now happening. The deferment has ended.

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New Mexico’s clean transportation fuel programme expected to begin in Q4

Carbon Pulse - Fri, 2025-01-10 10:03
New Mexico state officials are expected to wrap up rulemaking on the state’s new Clean Transportation Fuel Standard (CTFS) and kick off the programme’s first compliance period in Q4 2025, state officials said Thursday.
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World’s richest use up their fair share of 2025 carbon budget in 10 days

The Guardian - Fri, 2025-01-10 10:01

Emissions caused by wealthiest 1% so far this year would take someone from poorest 50% three years to create

The world’s richest 1% have already used up their fair share of the global carbon budget for 2025, just 10 days into the year.

In less than a week and a half, the consumption habits of an individual from this monied elite had already caused, on average, 2.1 tonnes of carbon dioxide emissions, according to analysis by Oxfam GB. It would take someone from the poorest 50% of humanity three years to create the same amount of pollution.

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