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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-08-29 21:28
European carbon prices slipped back to test a support level from the start of the week amid weaker natural gas prices, shrugging off the strongest auction in three weeks as EU-wide emissions continued to decline, while UK Allowances rose to a seven-week high.
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Carbon ratings agency announces new engagement push across emerging markets

Carbon Pulse - Thu, 2024-08-29 21:27
A carbon ratings agency is to make its headline ratings available on a Latin America-based registry platform, aiming to increase engagement in emerging markets.
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Half of countries have degraded freshwater, UN says

Carbon Pulse - Thu, 2024-08-29 21:22
Half of the countries in the world have at least one type of freshwater ecosystem in a state of degradation, following impacts on lakes and mangroves, UN bodies said on Wednesday.
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BECCS champion Drax agrees to pay £25 mln after regulator finds gaps in wood pellet sourcing

Carbon Pulse - Thu, 2024-08-29 21:12
British power company Drax has agreed to pay £25m to a voluntary redress fund after the UK energy industry regulator found it had submitted inaccurate sustainability data on the sourcing of wood pellets for its biomass plant in north Yorkshire, it said Thursday.
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INTERVIEW: Refiners see limited growth in e-fuels, bet on advanced biofuels

Carbon Pulse - Thu, 2024-08-29 21:10
European refiners have low expectations for e-fuels production by 2030 and are instead planning to develop advanced biofuels to meet EU climate goals, the sector’s trade association told Carbon Pulse in an interview.
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INTERVIEW: Marine biodiversity credit project reduced in size to ensure integrity

Carbon Pulse - Thu, 2024-08-29 20:16
A non-profit has reduced the potential size of a UK marine voluntary biodiversity credit project by approximately 89%, down from the 52,200 hectares initially considered, to ensure the initiative is as credible as possible, Carbon Pulse has learned.
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Think tank rates Singapore’s carbon tax as far off meeting Paris Agreement

Carbon Pulse - Thu, 2024-08-29 19:55
Singapore's compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.
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Australia a ‘hotspot’ for SAF feedstock, but will struggle to keep it onshore, senate committee hears

Carbon Pulse - Thu, 2024-08-29 18:57
Australia will struggle to keep sustainable aviation fuel (SAF) it produces onshore without government procurement or mandates, a senate committee on the Future Made in Australia legislation heard Thursday.
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South Korea sets up special fund to encourage green tech exports, overseas cooperation

Carbon Pulse - Thu, 2024-08-29 18:43
South Korea is planning to set up a special fund worth 400 billion won ($300 mln) to encourage public and private investment in overseas projects promoting green transition and carbon reduction.
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Hundreds of thousands of dead fish blanket Greece tourist port after flooding – video

The Guardian - Thu, 2024-08-29 18:35

Greek authorities have started collecting hundreds of thousands of dead fish that poured into a tourist port in the central coastal city of Volos this week after being displaced from their usual freshwater habitats during flooding last year. 'It spans kilometres,' a city council member, Stelios Limnios, told Reuters. 'It’s not just along the coast, but also in the centre of the Pagasetic Gulf,' he said, referring to the waters off Volos, where the coast is lined with holiday homes. There have been warnings that the rotting fish could create an environmental disaster for other species in the area

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HeavyFinance partners with Lithuanian agribusiness on carbon farming

Carbon Pulse - Thu, 2024-08-29 18:07
Climate tech investor HeavyFinance has partnered with an agribusiness firm to turn 300,000 hectares of agricultural land in Lithuania to regenerative farming practices, according to a press release.
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Plantation carbon developer charts course on ACCU projects, pays special dividend on back of success

Carbon Pulse - Thu, 2024-08-29 18:02
An Australian carbon developer is seeing returns on its strategy, offering shareholders a special dividend three times higher than its standard one after delivering full year results to market Thursday.
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Blockchain firm teams up with registry to offer tokenised carbon credits

Carbon Pulse - Thu, 2024-08-29 17:34
A US-based blockchain company has partnered with a Colombia-based carbon registry to list tokenised credits on a digital library with the aim of bringing about a more efficient and transparent way to trade assets, the company announced.
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Talk isn’t enough: Pacific nations say Australia must end new fossil fuel projects

The Conversation - Thu, 2024-08-29 16:40
When Australian leaders go to the main Pacific nations meeting, there’s a fossil fuel elephant in the room. Liam Moore, Lecturer in International Politics and Policy, James Cook University Licensed as Creative Commons – attribution, no derivatives.
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Australia Market Roundup: Regulator issues around 650,000 ACCUs, ASX ACCU futures quiet

Carbon Pulse - Thu, 2024-08-29 16:19
The Clean Energy Regulator (CER) has issued just under 650,000 Australian Carbon Credit Units (ACCUs) in its latest update, as the Australian side of the ASX futures contract for carbon credits remains largely nascent, one month since it was launched.
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New research busts the myth that crossbred ‘designer dogs’ are healthier than pedigrees

The Conversation - Thu, 2024-08-29 15:43
The researchers hope the findings will help dog owners make more informed decisions when selecting their next furry friend. Mia Cobb, Research Fellow, Animal Welfare Science Centre, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Wondering what to make of warnings about our electricity system? The outlook is improving – but we’re not out of the woods

The Conversation - Thu, 2024-08-29 15:35
Increased investment in electricity generation, transmission and storage has led to a more positive outlook for the reliability of the system – if these projects are delivered on time. Alison Reeve, Deputy Program Director, Energy and Climate Change, Grattan Institute Licensed as Creative Commons – attribution, no derivatives.
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Dam in Blue Mountains closed after elevated levels of PFAS chemicals detected

The Guardian - Thu, 2024-08-29 15:06

WaterNSW says closure a ‘precautionary measure’ and water supplied from filtration plant to local communities is safe and meets guidelines

WaterNSW has temporarily closed a dam in the Blue Mountains after tests detected elevated levels of PFAS chemicals in untreated water.

The state’s water agency said it had disconnected Medlow Dam from the region’s water supply as a precautionary measure while further investigations were conducted.

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