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CFEL24: Analysts forecast 50-cent rise in fuel prices due to EU ETS2

Carbon Pulse - Thu, 2024-10-10 01:47
The price of petrol and diesel is expected to jump on average by €0.50 per litre at the pump across Europe when the EU’s new Emissions Trading Scheme for road transport and heating fuels (ETS2) comes into force, analysts have said.
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Mama bear beats rival who killed her cub to win Fat Bear Week

BBC - Thu, 2024-10-10 01:43
The brown bear, named 128 Grazer, also defeated her rival, Chunk, last year to win the title.
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Denmark joins call to impose ‘solidarity levies’ on biggest polluting sectors

Carbon Pulse - Thu, 2024-10-10 01:26
Denmark has thrown its weight behind calls for 'solidarity levies' to be imposed on sectors like shipping, aviation, and fossil fuel extraction, one month ahead of a UN climate summit that will be focused on agreeing a new global climate finance goal.
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Climate tech firm launches spin-off for carbon capture and fertiliser production

Carbon Pulse - Thu, 2024-10-10 01:23
A Swiss climate technology company has launched a new entity that will take over key projects, such as transforming sulphur into ammonium sulphate fertiliser and developing carbon capture solutions, it announced on Wednesday.
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Our dystopian climate isn’t just about fires and floods. It’s about society fracturing | Bill McKibben

The Guardian - Thu, 2024-10-10 00:51

Climate disasters risk pulling society apart. To survive we need solidarity – and only one ticket in the US election offers that

Even as the good people of Florida’s west coast pulled the soggy mattresses from Helene out to the curb, Milton appeared on the horizon this week – a double blast of destruction from the Gulf of Mexico that’s a reminder that physics takes no time off, not even in the weeks before a crucial election. My sense is that those storms will help turn the voting on 5 November into a climate election of sorts, even if – as is likely – neither Kamala Harris nor Donald Trump spend much time in the next 25 days talking about CO2 or solar power.

That’s because these storms show not only the power of global heating (Helene’s record rains, and Milton’s almost unprecedented intensification, were reminders of what it means to have extremely hot ocean temperatures). More, they show what we’re going to need to survive the now inevitable train of such disasters. Which is solidarity. Which is something only one ticket offers.

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English water system singled out for criticism by UN special rapporteur

The Guardian - Thu, 2024-10-10 00:23

Prof Pedro Arrojo-Agudo says regulator Ofwat ‘complacent’ about water firms putting their shareholders before public

The privatised English water system has been singled out for criticism by the UN special rapporteur on the human right to clean water.

Prof Pedro Arrojo-Agudo said water systems should be managed as a publicly owned service, rather than run by private companies set up to benefit shareholders.

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Global tax on aviation, shipping could raise $200 bln annually by 2035 -IMF

Carbon Pulse - Thu, 2024-10-10 00:07
International transportation, especially aviation and shipping, must be “urgently taxed” as that would raise up to $200 billion a year in revenues by 2035, potentially tripling current global climate finance, a paper released by the International Monetary Fund (IMF) has found.
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Andrew Forrest says net zero is ‘fantasy’ so his goal is ‘real zero’. What does he mean – and can he achieve it? | Temperature Check

The Guardian - Wed, 2024-10-09 23:48

The mining tycoon says his iron ore business will stop using fossil fuels by the end of the decade without carbon offsets or carbon capture and storage

About $45 trillion of global business revenue is covered by corporate “net zero emissions” pledges but iron ore billionaire Andrew “Twiggy” Forrest thinks the whole net zero thing is “fantasy”.

“Now is the time to walk away from net zero 2050, that hasn’t been anything really but a con to maintain fossil fuels,” Forrest said last week.

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Satellite data tool finds methane leaks could be higher than reported in Australia

Carbon Pulse - Wed, 2024-10-09 23:46
Emissions from 20 methane leak hotspots could be twice the official number, according to a Canberra-based think tank that has examined the sites using a new satellite measuring tool offering granularity past the self reporting required of emitters under Australian law.
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Energy emissions will peak in 2024, but Paris goals still out of reach -report

Carbon Pulse - Wed, 2024-10-09 22:51
Global energy-related emissions will likely peak in 2024 and start a sustained decline for the first time since the industrial revolution, a new report has revealed.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-10-09 21:54
European carbon allowances rebounded on Wednesday as they looked to snap three consecutive loss-making sessions, eyeing key technical levels to the upside even as TTF gas prices continued to correct lower, while investment funds raised their net short position to the highest level since March.
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UK govt agency finds most ecosystems at higher risk  

Carbon Pulse - Wed, 2024-10-09 21:14
Almost all the UK’s ecosystem assets are at high or medium-high risk, requiring public and private investment, the government’s nature department said in a report published on Wednesday.
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INTERVIEW: The key ingredients for selling cookstove credits at $35/t

Carbon Pulse - Wed, 2024-10-09 21:00
Realism, ratings, and relationships are the key ingredients to attract investment in the voluntary carbon market, the buyer of cookstove credits at $35 per tonne told Carbon Pulse this week.
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Climate Impact Partners, Deloitte launch programme to fund UK seagrass restoration

Carbon Pulse - Wed, 2024-10-09 20:06
Voluntary carbon market experts Climate Impact Partners and Deloitte launched on Wednesday a programme to unlock financing towards seagrass recovery in the UK, as part of a wider seagrass carbon code currently under development in the country.
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INTERVIEW: India can be massive carbon removals supplier, but lacks local demand

Carbon Pulse - Wed, 2024-10-09 20:04
India has great potential to be a leader in the global supply of carbon removals credits, but the country is also facing a total lack of domestic demand for such credits, a carbon removals accelerator told Carbon Pulse on the sidelines of a carbon summit this week.
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Renewables ramp up beyond policy plans but won’t hit COP28 target, IEA says

Carbon Pulse - Wed, 2024-10-09 19:57
Renewable energy growth will be swift and large but still fall short of the commitment made at COP28 to triple penetration by the end of the decade even as it outpaces nations’ current ambitions, the International Energy Agency (IEA) said Wednesday in a renewables report.
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Google DeepMind co-founder shares Nobel Chemistry Prize

BBC - Wed, 2024-10-09 19:50
The announcement was made by the Royal Swedish Academy of Sciences in Sweden.
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Shanghai unveils local voluntary methodology for salt marsh restoration

Carbon Pulse - Wed, 2024-10-09 19:38
Shanghai has introduced a voluntary methodology for salt marsh restoration to create carbon credits under a regional offsetting programme.
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Anger at UK’s ‘bonkers’ plan to reach net zero by importing fuel from North Korea

The Guardian - Wed, 2024-10-09 19:37

Government criticised over list of potential countries for sourcing biomass, which also includes Afghanistan

A plan by the British government to burn biomass imported from countries including North Korea and Afghanistan has been described as “bonkers”, with critics saying it undermines the credibility of the UK’s climate strategy.

A bioenergy resource model, published in late summer, calculates that only a big expansion in the import of energy crops and wood from a surprising list of nations would satisfy the UK’s plan to meet net zero.

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