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Researchers enhance accuracy in EU carbon price forecasting

Carbon Pulse - Sun, 2024-02-11 10:41
Researchers say they have found a way of enhancing accuracy in forecasting carbon prices in the EU ETS.
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US Inflation Reduction Act clean energy tax credits expected to increase budget deficits by $428 bln through 2033

Carbon Pulse - Sun, 2024-02-11 09:02
The US Congressional Budget Office (CBO) projected more than half of the $428 billion increase to federal budget deficits over the next 10 years would be as a result of clean vehicle tax credits, with the remainder largely driven by other energy-related tax provisions, both stemming from the 2022 Inflation Reduction Act (IRA).
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Sydney’s 90m-year-old climbing galaxias fish may have been wiped out by school building works

The Guardian - Sun, 2024-02-11 05:00

The species can climb waterfalls and reaches back to Gondwanaland – but there are fears polluted runoff has proven fatal

A “miracle fish” may have been snuffed out in its Sydney habitat by bungled construction work at a nearby government high school, local environmentalists fear.

The climbing galaxias (Galaxias brevipinnis) belongs to a species line reaching back to Gondwanaland. It was only identified in the Manly Dam region in Sydney’s north – the fish’s most northerly known location in Australia – in 1998.

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UK farmers vow to mount more blockades over cheap post-Brexit imports

The Guardian - Sun, 2024-02-11 03:01

Inspired by French action, British campaigners say they will continue slow tractor protests after Dover roads were blocked

Farmers say there will be further French-style blockades following a slow tractor protest at Dover against low supermarket prices and cheap food imports from post-Brexit trade deals.

Around 40 tractors and other farm vehicles blocked roads around the Kent port for several hours on Friday evening by driving slowly and carrying signs with slogans such as “No More Cheap Imports”.

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Forget range anxiety: we should really worry about China’s global dominance in the electric car market | John Naughton

The Guardian - Sun, 2024-02-11 02:00

EVs heavily subsidised by Beijing are flooding Europe and the globe. If we don’t watch out, it could start a major trade war

Whenever people learn that I have an electric vehicle (EV) the conversation invariably turns to whether I suffer from “range anxiety” – the fear of running out of charge. The answer is that generally I don’t, though I might if I were contemplating a drive across the Highlands of Scotland to Aviemore, say. But otherwise, no. Why? Because I am able to charge the car overnight at home, and most of my trips are much much shorter than the vehicle’s 300-mile range.

In that sense I am statistically normal. Government estimates are that 99% of car journeys in England are of less than 100 miles. So if you can charge at home, then most of your problems are over, which probably explains when the last time the Department for Transport did a survey, 93% of the country’s EV owners had home charging.

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Climate-crisis deniers sought for exclusive Florida residence. Private ark essential | Gaia Vince

The Guardian - Sun, 2024-02-11 01:55

Gordon Pointe is going for a snip at $295m – but set in a location particularly vulnerable to sea-level rises, buyers should beware

Reality deniers with big pockets are sought by a family of Floridian property developers hoping to sell the most expensive home in the US: a waterfront property on the market for $295m (£234m). The compound squats on Gordon Pointe peninsula, a spit of beachfront in south-west Florida, extending perilously into the Gulf of Mexico. The late financier John Donahue bought the land for $1m in 1985, when it was a beautiful remote nature spot, protected by mangroves, with a small fisherman’s cottage on it. He soon razed this and replaced it with McMansions with de rigueur swimming pools and lawns. Offered for your $295m are three houses with parking for yachts and other conveniences for the wealthy sea-level-rise gambler. The Donahue family is selling at the right time. This is one of the parts of the world most vulnerable to climate impacts, with sea levels rising three times faster than the global average, and increasing risk from hurricane damage. The whole neighbourhood, Port Royal, has been categorised as at “extreme risk of flooding” over the next 30 years, and is regularly hit by weather disasters, making it very expensive to get home insurance. Buyer beware, as Canute might say. Diminishing returns…

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Dover tractor protester says farmers could launch more demonstrations

The Guardian - Sat, 2024-02-10 22:34

Organiser of go-slow protest says farmers in Europe have ‘shown us what can be accomplished’

The organiser of a protest in which tractor-driving farmers caused traffic jams around the Port of Dover has said there could be more demonstrations.

Road traffic in and out of the coastal town in Kent was disrupted by the go-slow demonstration on Friday night.

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Labour’s reduced home insulation plans ‘simply not enough’

The Guardian - Sat, 2024-02-10 16:00

Housebuilders and campaigners warn of cold, damp homes and UK missing legally binding targets

Labour’s slashing of proposed spending on home insulation will leave millions of people on low incomes in cold, damp homes and could prevent the UK meeting its legally binding carbon targets, campaigners and housebuilders have warned.

The Federation of Master Builders criticised the drastic scaling back of Labour’s low-carbon policies, announced by Keir Starmer on Thursday after months of speculation.

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Cyclone Tracy cleanup to Melbourne Cup upset: archive images of 20th century Australia – in pictures

The Guardian - Sat, 2024-02-10 13:00

The Focus exhibition at the National Archives of Australia contains pictures drawn from its collection of almost 11m images. Government photography is usually associated with politics but the photographers also documented the lives and work of well-known and everyday Australians

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Is Iceland entering a new volcanic era?

BBC - Sat, 2024-02-10 11:52
Scientists think eruptions on the Reykjanes Peninsula could continue for decades or even centuries.
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Speculators take profits across North American carbon markets, emitters make modest additions

Carbon Pulse - Sat, 2024-02-10 09:41
Regulated entities increased net holdings of California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), while speculators reduced net length across North American carbon markets, data published by the US Commodities Futures Trading Commission (CFTC) Friday showed.
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Global carbon markets post 2% increase in value in 2023 -analysts

Carbon Pulse - Sat, 2024-02-10 09:24
Global carbon markets expanded for a fifth straight year in 2023, though the 2% annual growth rate was significantly slower compared to the prior year, analysts said.
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California carbon market watchdog urges ARB to initiate Washington linkage process

Carbon Pulse - Sat, 2024-02-10 09:16
California should initiate a process of linkage with Washington’s carbon market, undertake a series of reforms in its greenhouse gas (GHG) accounting, keep affordability of emissions reductions in mind, and outline carbon management guardrails to achieve its statewide GHG reduction goals, an annual ARB watchdog report published Friday argued.
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Dinosaur Island: 40 years of discoveries on Skye

BBC - Sat, 2024-02-10 08:54
In 1984 the presence of dinosaur fossils in Scotland was confirmed for the first time.
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Researchers reiterate insufficiency of California forest offset buffer pool

Carbon Pulse - Sat, 2024-02-10 08:30
California fires have burned through nearly a third of ARB’s offset buffer pool reserves intended to compensate for losses from wildfires for 100 years, researchers said in a blog post Thursday, adding to a string of similar concerns voiced over the years.
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Italian climate-tech firm partners with energy major, US startup on Norway marine CDR pilot project

Carbon Pulse - Sat, 2024-02-10 05:53
An Italian decarbonisation technology firm has joined forces with a US-headquartered ocean carbon capture startup and a European energy major to launch a pilot removals project in Norway.
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Atlantic Ocean circulation nearing ‘devastating’ tipping point, study finds

The Guardian - Sat, 2024-02-10 05:00

Collapse in system of currents that helps regulate global climate would be at such speed that adaptation would be impossible

The circulation of the Atlantic Ocean is heading towards a tipping point that is “bad news for the climate system and humanity”, a study has found.

The scientists behind the research said they were shocked at the forecast speed of collapse once the point is reached, although they said it was not yet possible to predict how soon that would happen.

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Canadian offset financier announces new reforestation offtake agreement

Carbon Pulse - Sat, 2024-02-10 04:37
A Toronto-headquartered voluntary carbon credit financier announced Friday that it has signed a streaming agreement for some 92,000 credits with a Seattle-based reforestation company.
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Sleepless in Baku: Signs emerge of COP29 hotel price gouging

Carbon Pulse - Sat, 2024-02-10 04:21
Many hotels in Baku have paused selling rooms for this year’s COP29 climate summit, triggering fears of imminent, government-mandated price hikes, while costs to book other accommodations have skyrocketed.
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