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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-12-19 22:19
European carbon reached midday on Thursday substantially higher after earlier moving in a comparatively narrow range, as natural gas prices appeared to reassert their influence over the EU ETS amid speculation over whether and how the bloc will source additional supplies next year.
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Bird flu sweeps through zoos with ‘grave implications’ for endangered animals

The Guardian - Thu, 2024-12-19 22:00

Call for additional precautions as captive species including lions, tigers and cheetahs are killed by virus

Dozens of rare animals including tigers, lions and cheetahs are dying as bird flu infiltrates zoos, with potentially “grave implications” for endangered species, researchers have warned.

As a growing number of zoos report animal deaths, scientists are concerned that infected wild birds landing in enclosures could be spreading it among captive animals. In the US, a cheetah, mountain lion, Indian goose and kookaburra were among the animals that died in Wildlife World Zoo near Phoenix, according to local media reports last week. San Francisco Zoo temporarily closed its aviaries after a wild red-shouldered hawk was found dead on its grounds, and later tested positive for highly pathogenic avian influenza (HPAIV). A rare red-breasted goose died at Woodland Park Zoo in Seattle, causing aviaries to close and penguin feeding for visitors to be suspended in November. These cases follow the deaths of 47 tigers, three lions, and a panther in zoos across south Vietnam over the summer.

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South Korea to phase down subsidies for biomass due to environmental concerns

Carbon Pulse - Thu, 2024-12-19 21:31
South Korea announced Wednesday it will phase down subsidies for private and state-owned biomass facilities following widespread criticism over their impact on climate as well as the industry's role in fuelling deforestation.
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EKI Energy earns ‘stable’ ratings outlook amid carbon market challenges

Carbon Pulse - Thu, 2024-12-19 19:27
A ratings agency has revised the outlook for India’s largest carbon credit developer EKI Energy to “stable” from “negative”, reflecting improving financials despite continued challenges in the global carbon credit market.
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Verra opens applications for Nature Framework expert panel

Carbon Pulse - Thu, 2024-12-19 19:23
Crediting standard Verra has opened applications for a panel of biodiversity experts that will be tasked with reviewing projects under its Nature Framework, the company announced Thursday.
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Japanese shipping firm signs five-year offtake deal for credits from US DACCS project

Carbon Pulse - Thu, 2024-12-19 19:08
A Japanese shipping firm has agreed a five-year deal to buy credits from a Direct Air Capture with Carbon Storage (DACCS) project in the US, using petroleum company ENEOS as a middle man.
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French utility signs offtake agreement for first full-scale CO2 battery in Sardinia

Carbon Pulse - Thu, 2024-12-19 19:00
A French utility has signed an offtake agreement with the developer of a CO2 battery in Sardinia, Italy, which will provide long-duration energy storage to the Italian grid.
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Verra plans to lead future carbon methodology development in proposed updates

Carbon Pulse - Thu, 2024-12-19 18:22
Verra wants to take greater control of carbon methodology development in a shift from third-party led work in the past, the standards body said Wednesday in proposed updates to its crediting programme processes.
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Japan, Philippines reject firewood cookstove methodology for JCM

Carbon Pulse - Thu, 2024-12-19 18:16
The joint committee (JC) regulating the Japan-Philippines Joint Crediting Mechanism (JCM) has rejected two proposed methodologies amid concerns they might lead to over-crediting, including one for high-efficiency firewood cookstoves.
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Albanese government approves four coalmine expansions as Greens condemn ‘despicable’ move

The Guardian - Thu, 2024-12-19 17:38

Tanya Plibersek says projects in NSW and Queensland produce coal for making essential steel as critics say move ‘opposite of climate action’

The Albanese government has approved the expansion of four coalmines that climate campaigners estimate will release more than 850m tonnes of CO2 over their lifetime – equivalent to almost double Australia’s annual emissions.

The four mines will target mostly coal to be used for steelmaking with some thermal coal for burning in power stations.

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Revised UN-backed clean cooking methodology sent to voluntary carbon standards

Carbon Pulse - Thu, 2024-12-19 17:33
A revised draft of the UN-backed clean cooking methodology has been sent to voluntary carbon standards for review and approval, and includes several key changes based on recent stakeholder feedback.
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New Zealand seeks views on how to encourage native afforestation on govt land

Carbon Pulse - Thu, 2024-12-19 17:28
The New Zealand government is seeking expressions of interest to partner with the private sector to plant native trees on Crown-owned land, without adding extra forestry to the emissions trading scheme.
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Just four fines issued for wood-burning complaints in a year in England

The Guardian - Thu, 2024-12-19 16:00

Law around illegal wood burning in smoke-control areas is not being enforced, campaigners say

Only four fines out of 5,600 complaints have been issued for illegal burning of wood in smoke-control areas from September 2023 to August 2024 in England, data has revealed.

The new data, from freedom of information requests submitted by the campaign group Mums for Lungs, shows that the law around illegal wood burning is not being enforced in England, campaigners said.

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Brazilian state, national development bank launch $9.5 mln notice for Atlantic Forest restoration

Carbon Pulse - Thu, 2024-12-19 15:54
A Brazilian state and the country's national development bank announced Wednesday the launch of a public notice of up to R$60 million ($9.5 mln) to support about 30 local ecological restoration projects in the Atlantic Forest biome.
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Toadstool with teeth and ghostly palm among plant and fungus finds of 2024

The Guardian - Thu, 2024-12-19 15:00

Scientists race to discover new species before destruction of natural world drives them to extinction

From a toadstool with teeth to a vine smelling of marzipan and a flower that has cheated its way out of having to photosynthesise, a weird and wonderful host of new plant and fungus species have been discovered in 2024.

Other plants given scientific names for the first time include beautiful new orchids, a ghostly palm and a hairy plant that appears to have stolen a gene from an unrelated family. The species are among the 172 new plants and fungi named by scientists from the Royal Botanic Gardens, Kew and their partners.

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