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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-04-16 21:24
European carbon allowance prices erased Monday's losses and resumed their upward march amid a continuation of short covering, as natural gas and power prices jumped sharply on Middle East tensions and interruptions in gas supply in both the US Gulf and North Sea.
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Carbon reporting standard for financial sector launches chapter in Brazil

Carbon Pulse - Tue, 2024-04-16 21:06
An industry-led carbon accounting programme for financial institutions has teamed up with two of Brazil’s largest banks to promote measurement and disclosure of emissions from the Brazilian financial sector, according to an announcement Tuesday.
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World faces ‘deathly silence’ of nature as wildlife disappears, warn experts

The Guardian - Tue, 2024-04-16 21:00

Loss of intensity and diversity of noises in ecosystems reflects an alarming decline in healthy biodiversity, say sound ecologists

Read more: No birdsong, no water in the creek, no beating wings: how a haven for nature fell silent

Sounds of the natural world are rapidly falling silent and will become “acoustic fossils” without urgent action to halt environmental destruction, international experts have warned.

As technology develops, sound has become an increasingly important way of measuring the health and biodiversity of ecosystems: our forests, soils and oceans all produce their own acoustic signatures. Scientists who use ecoacoustics to measure habitats and species say that quiet is falling across thousands of habitats, as the planet witnesses extraordinary losses in the density and variety of species. Disappearing or losing volume along with them are many familiar sounds: the morning calls of birds, rustle of mammals through undergrowth and summer hum of insects.

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UK facing food shortages and price rises after extreme weather

The Guardian - Tue, 2024-04-16 20:00

Heavy rain likely to cause low yields in Britain and other parts of Europe, with drought in Morocco hitting imports

The UK faces food shortages and price rises as extreme weather linked to climate breakdown causes low yields on farms locally and abroad.

Record rainfall has meant farmers in many parts of the UK have been unable to plant crops such as potatoes, wheat and vegetables during the key spring season. Crops that have been planted are of poor quality, with some rotting in the ground.

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China thermal power growth slows in March, renewable energy generation expands

Carbon Pulse - Tue, 2024-04-16 19:22
Growth in China’s thermal power generation slowed in March with a sustained high level of coal output, while the pace in wind and hydropower generation accelerated, government data showed Tuesday.
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Water theft laws and penalties in the Murray-Darling Basin are a dog’s breakfast. Here’s how we can fix them

The Conversation - Tue, 2024-04-16 19:20
Inconsistent laws and penalties for water theft in the Murray-Darling Basin make compliance and enforcement especially challenging. But it doesn’t have to be this way. Adam James Loch, Associate Professor, University of Adelaide David Adamson, Associate professor, Royal Agricultural University Mark Giancaspro, Senior Lecturer in Law, University of Adelaide Michael Croft, Legal Researcher, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.
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Australia to introduce bill to establish EPA, but defers crucial environmental law reforms

Carbon Pulse - Tue, 2024-04-16 18:43
The Australian government will introduce legislation to establish national environmental protection and information bodies, but has split reforms that would strengthen laws underpinning them into a separate tranche.
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International emissions trading association releases guidelines on voluntary carbon credit use

Carbon Pulse - Tue, 2024-04-16 18:42
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
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New tool helps UK building developers address biodiversity impacts

Carbon Pulse - Tue, 2024-04-16 18:00
Building developers in England will be able to more easily address the biodiversity impacts of their projects and comply with the biodiversity net gain (BNG) mandate thanks to the launch today of a new BNG software, which helps companies understand the biodiversity impact of different building designs.
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Labor accused of broken promise after delaying laws to address Australia’s extinction crisis

The Guardian - Tue, 2024-04-16 17:39

Tanya Plibersek says two new agencies will be established but a commitment to rewrite national environment laws has been pushed back

The Albanese government has further delayed a commitment to rewrite Australia’s failing national environment laws.

The environment minister, Tanya Plibersek, said the government would introduce legislation in coming weeks to create two previously announced bodies – an environment protection agency and a second organisation called Environment Information Australia, which will provide public data on ecosystems, plants and animals.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

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Philippines, Germany roll out €37-mln climate and biodiversity programme

Carbon Pulse - Tue, 2024-04-16 17:24
Germany’s international development agency GIZ and the Philippines Climate Change Commission on Tuesday announced the soft launch of a programme aimed at protecting, conserving, and rehabilitating biodiversity and natural carbon sinks in the Southeast Asian nation.
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IEA, GenZero say tech-based carbon credits could be used to fund low-emissions hydrogen, SAF, DAC

Carbon Pulse - Tue, 2024-04-16 16:43
High-quality carbon credits could be a “potentially important” tool to incentivise investment in low-emissions hydrogen, sustainable aviation fuel (SAF), and direct air capture (DAC) projects in order meet production targets required to achieve the world’s climate goals, a joint report released Tuesday found.
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Japanese trading company joins Louisiana-based DAC project, eyes 1 mln tonne carbon removals

Carbon Pulse - Tue, 2024-04-16 16:35
A major Japanese trading company has announced its participation in a large direct air capture (DAC) project in the US, as it continues to seek opportunities in the carbon removal sector.
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Regional cooperation between ASEAN members can slash decarbonisation costs by $800 bln -research

Carbon Pulse - Tue, 2024-04-16 16:08
Members of the Association of South East Asian Nations (ASEAN) can reduce their decarbonisation costs by $800 billion by 2050 if they work together to build power interconnectors, hydrogen networks, and energy storage infrastructure, according to research published Tuesday.
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Masses of scalloped hammerheads have returned to one of Australia’s busiest beaches. But we don’t need to panic

The Conversation - Tue, 2024-04-16 16:00
Young sharks are gathering at a popular beach. Here’s why we should skip our fear response and go for wonder – and protection Olaf Meynecke, Research Fellow in Marine Science and Manager Whales & Climate Program, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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Aerial video shows mass coral bleaching on Great Barrier Reef amid global heat stress event – video

The Guardian - Tue, 2024-04-16 14:30

Scientists have recorded widespread bleaching on the Great Barrier Reef as global heating creates a fourth planet-wide bleaching event. According to the National Oceanic and Atmospheric Administration's Coral Reef Watch, 54% of ocean waters containing coral reefs have been experiencing heat stress high enough to cause bleaching

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Lightning and rain kill dozens in Pakistan

BBC - Tue, 2024-04-16 14:29
Authorities have also warned of landslides and flash floods in the coming days.
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