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CSIRO puts cost of new nuclear plant at $8.6bn as Coalition stalls on policy details

The Guardian - Wed, 2024-05-22 01:00

Report finds nuclear energy more expensive than renewable alternatives and calculates costs for large-scale reactors for first time

Electricity from nuclear power in Australia would be at least 50% more expensive than solar and wind, according to a report from the CSIRO that has for the first time calculated costs for large-scale reactors.

The federal Coalition, which has claimed nuclear would provide cheap electricity, is still to reveal any details on its nuclear policy after initially promising it would make an announcement in time for last week’s federal budget.

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UK biodiversity net gain marketplace lists 25,000 units at £30k average

Carbon Pulse - Wed, 2024-05-22 00:53
A London-based marketplace has listed over 25,000 off-site biodiversity net gain (BNG) units at an average price of almost £30,000 ($38,000) each, though demand has been slow.
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Nature Positive Initiative announces partnership to find common metrics

Carbon Pulse - Wed, 2024-05-22 00:22
The Nature Positive Initiative (NPI) has partnered with consultants EY and The Biodiversity Consultancy (TBC) to establish metrics tailored to nature positive claims.
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UK confirms will not carry over emissions ‘surplus’ to fourth carbon budget

Carbon Pulse - Wed, 2024-05-22 00:10
The British government confirmed that it will not carry over any so-called 'surplus' emissions from its 2018-22 carbon budget into the current fourth iteration in a statement Tuesday.
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Eagles changed migration route to avoid Ukraine war

BBC - Tue, 2024-05-21 23:20
Scientists believe they avoided perils including artillery fire on their way to their traditional breeding ground.
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Italian firm prepares to launch voluntary biodiversity credit offsetting framework in Europe

Carbon Pulse - Tue, 2024-05-21 22:13
An Italian nature tech firm is poised to release a set of standardised guidelines for a biodiversity framework late this year that will underpin its first certified biodiversity credits in 2025 for the European voluntary market, the company told Carbon Pulse.
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European cement group targets 37% drop in production emissions in updated net zero plan

Carbon Pulse - Tue, 2024-05-21 22:06
The European Cement Association (CEMBUREAU) aims to reduce production emissions 37% by 2030 and by 50% down the value chain, as per an updated net zero roadmap published Tuesday.
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Major Japanese bank begins study on digital carbon credit payments

Carbon Pulse - Tue, 2024-05-21 21:31
One of Japan's leading financial groups is participating in a joint study that explore the potential for utilising domestically produced stablecoins for digital carbon credit payments.
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We’re helping farmers access future climate projections as easily as checking the weather

The Conversation - Tue, 2024-05-21 21:18
We developed My Climate View to help Australian farmers and producers better understand the risks and opportunities they face over the next 50 years. Road-testing with farmers was vital. Stephen Snow, Research Scientist, CSIRO Aysha Fleming, Senior Research Scientist, CSIRO Yuwan Malakar, Research Scientist, CSIRO Licensed as Creative Commons – attribution, no derivatives.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-05-21 21:11
European carbon prices gave back some of the previous session's steep gains in a quiet and relatively illiquid session on Tuesday morning, as energy markets also retreated after Monday's robust increases, while UK permit prices continued to trade around their recent four-month high.
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Climate victims file criminal case against bosses of oil firm Total

The Guardian - Tue, 2024-05-21 21:00

Case alleges French company’s exploitation of fossil fuel contributed to deaths of victims in extreme weather disasters

A criminal case has been filed against the CEO and directors of the French oil company TotalEnergies, alleging its fossil fuel exploitation has contributed to the deaths of victims of climate-fuelled extreme weather disasters.

The case was filed in Paris by eight people harmed by extreme weather, and three NGOs. The plaintiffs believe it to be the first such criminal case filed against the individuals running a major oil company. The public prosecutor who received the file has three months to decide whether to open a judicial investigation or dismiss the complaint.

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Carbon removal certification bodies merge in bid to shore up standards

Carbon Pulse - Tue, 2024-05-21 18:44
Two carbon removal standards focused on biochar have partnered up with the aim of strengthening their certifications to keep pace with the fast-growing sector.
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Voluntary carbon market focus shifts away from REDD towards forestry management in developed countries, study finds

Carbon Pulse - Tue, 2024-05-21 18:08
The international voluntary carbon market has seen a priority change in offset project implementation over the past decade, with forest management solutions in developed nations attracting more attention from developers at the expense of REDD+ projects, researchers have found.
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UK’s new dangerous cycling offence will achieve pretty much nothing

The Guardian - Tue, 2024-05-21 18:00

Move reflects wider state of politics around active travel – arguing around the margins and doing little to change lives for better

In the six days since a law to prosecute dangerous cyclists was announced, somewhere close to 30 people will have been killed on UK roads, none of them struck by bikes. About 500 more will have suffered serious, potentially life-changing injuries, with pretty much all connected to motor vehicles.

Again, going on the statistical averages, over those same six days, slightly more than 1,600 people across the UK will have died due to illnesses associated with physical inactivity. Riding a bike cuts your likelihood of developing such conditions by about half.

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Australia opposition party’s lack of stance on Safeguard Mechanism causing headaches for investors, participants

Carbon Pulse - Tue, 2024-05-21 17:28
Australia’s opposition Coalition needs to make its stance on the Safeguard Mechanism clear in order to provide stability and confidence for participants and investors, a conference heard Tuesday.
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Consent and engagement must be ongoing, First Nations people say of carbon projects

Carbon Pulse - Tue, 2024-05-21 17:19
Traditional Owner consent for a carbon project in Australia shouldn’t be a one-time event but an ongoing process where consent is asked for and given “again and again”, a conference in Cairns heard Tuesday.
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Australia’s biggest CRC looks to help agriculture sector reach net zero

Carbon Pulse - Tue, 2024-05-21 16:53
An Australian research group will begin receiving A$87 million ($57 mln) in federal government funding in July as part of efforts to transition the country’s agriculture sector to net zero emissions, a conference heard Tuesday.
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Will government investment make green hydrogen a reality in Australia?

The Conversation - Tue, 2024-05-21 16:06
There’s already demand for critical minerals and solar panels. But what about green hydrogen? Kylie Turner, System Lead, Sustainable Economies, Climateworks Centre Luke Brown, Head of Policy and Engagement, Climateworks Centre Licensed as Creative Commons – attribution, no derivatives.
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