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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-10-31 22:48
European carbon prices set yet another five-month low in early trading on Tuesday but failed to follow up with a breach of the mid-year low, as traders began to speculate over the market's potential to stage its traditional rally in November and energy prices weakened.
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Forest Investment Associates prepare nature positive strategy of up to $40 mln

Carbon Pulse - Tue, 2023-10-31 22:46
A forestry strategy with a nature positive objective in Latin America of $10-40 million is being prepared by asset manager Forest Investment Associates (FIA), Carbon Pulse has learned.
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Space tools launched to assess South Africa’s biodiversity hotspot

Carbon Pulse - Tue, 2023-10-31 22:09
A NASA-backed project aims to map the biodiversity of South Africa using devices that are usually found on the space station to study planets and stars, according to participating scientists.
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France is Europe’s biggest supporter of ‘carbon bomb’ projects, data shows

The Guardian - Tue, 2023-10-31 21:16

French banks have financed $154bn to firms running biggest fossil fuel projects since 2015 climate pact

France is Europe’s biggest supporter of “carbon bomb” extraction projects that hold enough fossil fuels to pump out more than a gigaton of CO2 each, the Guardian can reveal.

Since world leaders gathered in the French capital to sign the Paris agreement in 2015 – where they promised to try to stop the planet heating by 1.5C above pre-industrial levels – French banks have financed companies planning or operating carbon bombs amounting to $154bn.

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Deep divisions ahead of crucial UN climate talks

BBC - Tue, 2023-10-31 20:36
COP28 President Sultan Al Jaber has acknowledged the challenges he faces.
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Beavers should be released into wild in UK, says Sadiq Khan

The Guardian - Tue, 2023-10-31 20:14

London mayor says releasing animals into wild is environmentally sound and a Labour vote-winner

Beavers should be released across the country under a Labour government, Sadiq Khan has said.

The London mayor said he was disappointed with recent comments by the environment secretary, Thérèse Coffey, who said her department would not be legalising beaver releases as she had “other priorities”.

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New partnership reduces CO2 network liabilities with end-to-end modelling capabilities

Carbon Pulse - Tue, 2023-10-31 19:00
Operators of CCS networks set to come online around the world in the next few years may be able to reduce CO2 storage liabilities for emitters, thanks to a new partnership between two tech firms that enables network operators to model their entire CO2 network from the point of carbon capture to final injection point.
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High proportion of expensive loans and few grants hindering Vietnam’s JETP -reports

Carbon Pulse - Tue, 2023-10-31 17:49
Vietnam’s Just Energy Transition Partnership (JETP) is being hampered by a lack of grants and a surfeit of loans with onerous interest rates, according to Reuters.
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Banks pumped more than $150bn in to companies running ‘carbon bomb’ projects in 2022

The Guardian - Tue, 2023-10-31 15:00

Exclusive: Projects that risk 1.5C heating target operated by companies receiving financing from European, Chinese and US banks

Banks pumped more than $150bn last year into companies whose giant “carbon bomb” projects could destroy the last chance of stopping the planet heating to dangerous levels, the Guardian can reveal.

The carbon bombs – 425 extraction projects that can each pump more than one gigaton of carbon dioxide into the atmosphere – cumulatively hold enough coal, oil and gas to burn through the rapidly dwindling carbon budget four times over. Between 2016 and 2022, banks mainly in the US, China and Europe gave $1.8tn in financing to the companies running them, new research shows.

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Australian company discovers hydrogen at nation’s first dedicated well

Carbon Pulse - Tue, 2023-10-31 14:08
The hopes for naturally occurring hydrogen received a shot in the arm Tuesday morning as a discovery in a distant part of Australia made by a company worth just over A$35 million ($22 mln) was reported to the nation’s stock exchange.
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Cashed-up Quinbrook reveals $8bn plan to kick-start Australian solar supply chain

RenewEconomy - Tue, 2023-10-31 14:07

Renewables investment giant unveils plan to establish Australia's first polysilicon manufacturing plant, after securing a place to build it and power it with solar.

The post Cashed-up Quinbrook reveals $8bn plan to kick-start Australian solar supply chain appeared first on RenewEconomy.

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NZ Market: NZU price in holding pattern ahead of election special votes result

Carbon Pulse - Tue, 2023-10-31 13:09
NZUs have traded mostly sideways since the national election earlier this month, as the market awaits the release of the critical “special votes” result which will dictate the final makeup of the government.
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Climate think tank lashes Australian science body’s emissions calculations for new gas project

Carbon Pulse - Tue, 2023-10-31 12:50
A climate-focussed think tank has lashed out at a collaborative report by Australia’s top science body, suggesting the emissions calculations it has made for a frontier gas project and possible LNG plant are inaccurate.
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Global compliance market value to grow 5% in 2023 despite drop in traded volumes –report

Carbon Pulse - Tue, 2023-10-31 12:27
Compliance carbon markets are expected to grow by around 5% in 2023, despite a predicted decline in total trading volumes as a consequence of the war in Ukraine, according to a new report.
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Energy Insiders Podcast: The end of spinning machines

RenewEconomy - Tue, 2023-10-31 12:15

Energy Insiders podcastIvor Frischknecht, now head of Sosteneo, talks about the new battery that signals the end of the need for spinning machines, and a clear path to 100 per cent renewables. Plus: All Energy and Joyce.

The post Energy Insiders Podcast: The end of spinning machines appeared first on RenewEconomy.

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CP Daily: Monday October 30, 2023

Carbon Pulse - Tue, 2023-10-31 12:09
A daily summary of our news plus bite-sized updates from around the world.
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“Significant scale-up:” Arena caps off first decade with record year of funding

RenewEconomy - Tue, 2023-10-31 11:45

Arena says it approved a record amount of funding in 2022-23 to projects valued at over $3.5 billion, with a focus on cheap solar and battery storage.

The post “Significant scale-up:” Arena caps off first decade with record year of funding appeared first on RenewEconomy.

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The right is firing misinformation bullets in its climate war on renewables – here’s a way to fight back | Peter Lewis

The Guardian - Tue, 2023-10-31 11:26

In the disinformation age it’s not enough for us to shake our heads about the lies the other side perpetrates

Fresh from dragging an invitation for reconciliation into a mire of racial division, the reactionary right is prepping a new community consensus to infect, recasting the transition to renewables as a reckless attack on the environment.

The Albanese government’s election mandate to achieve net zero emissions by 2050, kick-started with a rapid transition to renewables including a 43% target by 2030, has shifted the climate agenda from advocacy to action.

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Solar and efficiency take big bite out of sales from Australia’s biggest utility

RenewEconomy - Tue, 2023-10-31 10:50

Solar panelsOrigin says it electricity sales are down six per cent due to growth of solar and efficiency, while gas generation has slumped 21 per cent.

The post Solar and efficiency take big bite out of sales from Australia’s biggest utility appeared first on RenewEconomy.

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Australia’s biggest coal generator fined for failing to deliver promised grid services

RenewEconomy - Tue, 2023-10-31 10:47

Australia's biggest coal generator hit with major fines for failing to deliver the essential grid services that it had promised and for which it was paid.

The post Australia’s biggest coal generator fined for failing to deliver promised grid services appeared first on RenewEconomy.

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