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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-07-08 21:28
European carbon prices began the week on a positive note as the market rose after Sunday's second round of elections for France's parliament appeared to deal a blow to right-wing parties' hopes of forming a government, but the rally was short-lived and by midday EUAs were again testing support at a key level from last week.
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Labour lifts Tories’ ‘absurd’ ban on onshore windfarms

The Guardian - Mon, 2024-07-08 21:14

Rachel Reeves says she will revise planning policy and decisions should be taken ‘nationally, not locally’

The effective ban on onshore windfarms has been dropped by the Labour government, in news that has delighted environmental and energy experts.

The ban was caused by two footnotes to the National Planning Policy Framework (NPPF), the rules which govern the building of homes and infrastructure.

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Brussels, New Delhi agree to work together on CBAM

Carbon Pulse - Mon, 2024-07-08 21:07
The European Commission pledged to work closely with India to help the country adapt to the incoming Carbon Border Adjustment Mechanism (CBAM) fees and introduce its own emissions pricing scheme, during a visit to New Delhi last week. 
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INTERVIEW: Indian developer targets bigger-scale ERW, lower prices

Carbon Pulse - Mon, 2024-07-08 21:07
An Indian project developer has ventured into the market for carbon credits from enhanced rock weathering (ERW), eyeing projects that generate more credits and at a lower price than other early movers.
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France tables CCS strategy, aiming to capture up to 8 MtCO2/y by 2030

Carbon Pulse - Mon, 2024-07-08 19:41
The French government put forward its carbon capture, utilisation, and storage (CCUS) strategy on Friday, outlining a roadmap to catch 4-8 million tonnes of CO2 per year by 2030, targeting hard-to-abate sectors of industry across four “CCS valleys”.
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Business coalition urges Japan to ramp up ambition in 2035 NDC

Carbon Pulse - Mon, 2024-07-08 19:33
A coalition comprising major tech companies and environmental groups in Japan has called on the government to set an aggressive emissions reduction target for its 2035 nationally determined contribution (NDC).
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UK Coal Authority to explore nature credits by 2026

Carbon Pulse - Mon, 2024-07-08 19:08
The public body in charge of managing the UK's coal mining legacy has released a nature recovery plan, seeking to include nature-related credits into its financial models by 2026.
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Proposed carbon levy estimated to have limited impact on Taiwan’s economy, ministry says

Carbon Pulse - Mon, 2024-07-08 18:19
Imposing a carbon levy on domestic emitters will likely have limited impact on Taiwan's overall economy, though it remains unclear whether the island will be able to launch its carbon pricing programme next year as planned, according to government meeting documents.
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Nordic cohort to develop biodiversity credit methodology for the offshore wind sector in the Baltic Sea

Carbon Pulse - Mon, 2024-07-08 17:21
A group of Nordic companies and research institutes have banded together to launch a project aimed at developing a biodiversity credit methodology for the offshore wind sector in the Baltic Sea.
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BRIEFING: Japan using its glut of gas to spread influence in Southeast Asia at the expense of the climate, critics say

Carbon Pulse - Mon, 2024-07-08 15:39
Japan is using its excess volumes of LNG to shape, and in many ways slow down, the energy transition in Southeast Asia, by financing gas infrastructure abroad and promoting transboundary CO2 markets as a decarbonisation solution that critics say is yet-to-be-proven and unrealistic. 
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Australian carbon aggregator, project developer lays off staff

Carbon Pulse - Mon, 2024-07-08 14:51
An Australian carbon credit provider has gone through a round of redundancies as part of an organisational restructure, Carbon Pulse has learned.
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The latest crocodile attack is tragic – but the Northern Territory doesn’t have a croc problem

The Conversation - Mon, 2024-07-08 14:02
Fatal crocodile attacks are extraordinarily rare in Australia – and there is no evidence to suggest their numbers are too high. Brandon Michael Sideleau, PhD student studying human-saltwater crocodile conflict, Charles Darwin University Licensed as Creative Commons – attribution, no derivatives.
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UAE fintech partners with Sri Lankan developer to deliver biodiversity, oxygen credits next month

Carbon Pulse - Mon, 2024-07-08 13:28
A Dubai-headquartered fintech firm has teamed up with a Sri Lanka-based project developer to generate and issue biodiversity and oxygen credits within a pilot restoration project in the Belipola private forest.
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Temperatures 1.5C above pre-industrial era average for 12 months, data shows

The Guardian - Mon, 2024-07-08 12:00

Copernicus Climate Change Service says results a ‘large and continuing shift’ in the climate

The world has baked for 12 consecutive months in temperatures 1.5C (2.7F) greater than their average before the fossil fuel era, new data shows.

Temperatures between July 2023 and June 2024 were the highest on record, scientists found, creating a year-long stretch in which the Earth was 1.64C hotter than in preindustrial times.

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