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EU Market: EUAs slide 4% after hitting fresh 7-yr high near €15

Carbon Pulse - Wed, 2018-05-16 04:44
EU carbon prices slumped on Tuesday after extending a recent seven-year high in early trade and following another weak auction.
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Batteries included in energy storage ideas | Letters

The Guardian - Wed, 2018-05-16 03:28
Whatever the WWF says, peak demand for gas-fired generation will be larger, says Steve Bolter, while Chris Underwood pours cold water on the IMechE’s hydrogen proposal

The WWF has been oversimplistic in its argument that no further gas-fired power stations are needed (Report, 14 May). The forecast increase in annual renewable electricity production is only just sufficient to balance the closure of coal-fired electricity generation and the fall in nuclear generation resulting from the retirement of many of our nuclear power stations (most of which are already working beyond their design lives). However, this does not mean more no more gas generation capacity is needed. Electricity demand varies, and renewables are intermittent. There has to be enough capacity to meet demand at all times.

While pump storage systems and batteries are able to store enough energy to cope with short-term variations in demand and the availability of renewable generation, it would not be environmentally friendly, efficient or cost-effective to use such systems to store energy from summer to winter, or even to store enough to survive a long midwinter period of high pressure over the North Sea.

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Hedging rates eased for many EU utilities in Q1 as EUAs soared, data suggests

Carbon Pulse - Wed, 2018-05-16 03:08
European utilities were relatively quiet in the rallying EUA market over Q1, company results suggest, representing potentially bullish news for prices as generators may now need to accelerate their EUA buying.
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MSR to withdraw 265 mln EU carbon allowances from market by Aug. 2019

Carbon Pulse - Wed, 2018-05-16 02:26
Almost 265 million EU carbon allowances will be withdrawn from the over-supplied EU ETS in the first eight months of 2019 and inserted into the MSR when it launches early next year, the European Commission announced late on Tuesday.
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IBM, Veridium unveil blockchain-based offset trading platform, with initial focus on REDD

Carbon Pulse - Wed, 2018-05-16 01:15
IBM and Veridium Labs have teamed up to launch a blockchain-based platform to transform carbon offsets into digital tokens for trade on a decentralised exchange, the companies announced on Tuesday.
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UK parliament to remove single-use plastics from Westminster

The Guardian - Wed, 2018-05-16 00:23

Almost all single use plastics, including coffee cups, bags and water bottles will be replaced with compostable or reusable versions by 2019

The UK parliament has unveiled a package of measures to “virtually eliminate” single-use plastics from Westminster in the next year.

The move will see a range of items – from coffee cups to straws, plastic bags to water bottles – removed from the parliamentary estate, to be replaced by compostable or reuseable options by 2019.

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London considering car-free days in bid to tackle air pollution

The Guardian - Tue, 2018-05-15 22:40

City Hall sources say mayor is hoping to introduce separate car-free days in each borough this year, with ‘more ambitious plans’ for 2019

London is considering introducing car-free days in an attempt to tackle the city’s air pollution crisis that experts say is responsible for thousands of early deaths each year.

Officials at City Hall were due to meet on Tuesday to examine how best to roll out a ban across specific areas of the capital on different days this year - with “more ambitious plans” in the pipeline for 2019.

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German supreme court upholds Deutsche Bank EU ETS tax fraud convictions

Carbon Pulse - Tue, 2018-05-15 20:32
A former Deutsche Bank sales manager has been jailed by Germany’s federal supreme court for three years for his role in facilitating tax fraud through the EU carbon market.
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Timor-Leste's incredible marine life – in pictures

The Guardian - Tue, 2018-05-15 20:24

Situated in the heart of the ‘coral triangle’, this young nation boasts some of the most biodiverse waters in the world. As it emerges from years of unrest, it now faces the challenge of protecting its coasts, and the communities that rely on them, in the face of growing development

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South Korea weighs shifting international offset target to ETS

Carbon Pulse - Tue, 2018-05-15 19:04
South Korea has pledged to meet a third of its Paris target through buying international carbon credits, and is now considering pushing that responsibility over to companies in its emissions trading scheme rather than spending taxpayer funds.
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China coal consumption soars amid manufacturing boom

Carbon Pulse - Tue, 2018-05-15 18:46
Coal-fired power generation in China rose 7.3% y/y in April, outpacing overall power output amid an ongoing manufacturing boom threatening to derail efforts to curb carbon emissions.
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Building back up

BBC - Tue, 2018-05-15 18:21
After last years first test runs, the Bloodhound supersonic car is being rebuilt ready to go faster still.
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Building back up

BBC - Tue, 2018-05-15 18:21
After last years first test runs, the Bloodhound supersonic car is being rebuilt ready to go faster still.
Categories: Around The Web

Tesla Model X electric vehicle tows Qantas Dreamliner jet

RenewEconomy - Tue, 2018-05-15 17:26
Tesla Model X tows a Qantas Dreamliner jet some 300 metres across the tarmac. Why? For publicity, of course, and because they could.
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'Feel good' factor not CO2 boosts global forest expansion

BBC - Tue, 2018-05-15 16:56
Forests are increasing around the world because of rising incomes and national wellbeing say researchers.
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More of the Great Australian Bight opened to oil and gas

The Guardian - Tue, 2018-05-15 16:34

Government releases new acreages for offshore exploration as protesters oppose drilling

The government has released a new acreage for offshore oil and gas exploration in the Great Australian Bight that green groups says should have been kept off limits after it was cancelled by BP.

The permit is one of two that BP cancelled after the company abandoned its plans for oil and gas drilling in the bight in 2016. Its remaining two permits were sold to the Norwegian oil and gas multinational Statoil.

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Energy retailer “switching” driving prices up, not down, says regulator

RenewEconomy - Tue, 2018-05-15 14:36
ESC chair says outcome of retailer switching drive has been "contrary to usual expectations" of increased market competition.
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Country diary: this cute creature is a cold killer

The Guardian - Tue, 2018-05-15 14:30

Aigas, Highlands: The pine marten brought a touch of night in its sharp black muzzle and in the big silent dark-stockinged feet

For more than 90 minutes we’d sat until cold air quieted the wood and the day thinned into the long shadows of the trees. By 10.30pm we were centred in an arc of artificial lamp glow. There was just the sound of a last robin across the loch, its spindly song an analogue for the vanishing day.

The silent theatricality of the moment was thus complete when the creature strolled into our vision without the merest hint of drama. Its step was sprightly, its acceptance of the lamp instantaneous. It brought a touch of night in its sharp black muzzle and in the big silent dark-stockinged feet – and every now and then it paused from eating to stare hard at its own route through the trees, reassuring itself of solitude – but otherwise we were all at ease with the mutual encounter. For 10 minutes there were no sounds but the crunch of nut and the click of camera.

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Know your NEM: Firming output in South Australia

RenewEconomy - Tue, 2018-05-15 14:19
South Australia remains the most fascinating market, with all sorts of competing ideas and technologies to firm the state's wind and solar output.
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Australia’s biggest solar farm switches on in Port Augusta

RenewEconomy - Tue, 2018-05-15 14:11
The 220MW Bungala solar farm - Australia's largest - begins production, signalling a milestone for the transformation of Port Augusta into a renewable energy hub.
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