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Falling coal costs for power raise prospect of more EUA demand this winter –analyst

Carbon Pulse - Thu, 2024-07-25 17:03
A decline in short-term coal prices in Europe may set the stage for an increase in consumption of the fuel in the coming winter, as operating costs for coal-fired power plants approach parity with those for gas-fired generation, according to an analyst.
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Developed countries should contribute trillions to support climate finance, BASIC bloc says

Carbon Pulse - Thu, 2024-07-25 16:19
The BASIC group of Brazil, South Africa, India, and China have repeated demands that rich countries ramp up their climate finance contributions, urging them to commit trillions of dollars to assist developing countries in reducing their greenhouse gas emissions.
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Monday was the warmest day recorded on Earth. But how do scientists actually measure that?

The Conversation - Thu, 2024-07-25 16:12
Determining the global average temperature on any given day is complex. It involves thousands of observations, high-tech equipment and sophisticated computer models. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Petronas acquires land for CCS hub in Malaysian state of Pahang

Carbon Pulse - Thu, 2024-07-25 15:41
National oil major Petronas has inked a land rental agreement with the Kuantan Port Consortium for the development of a carbon capture and storage (CCS) hub in the state of Pahang in Malaysia, the company said in a release.
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Almost 1 in 6 of the world’s banknotes feature wildlife – and they’re not always the creatures you’d expect

The Conversation - Thu, 2024-07-25 15:10
What do you know about your national currency? How about the cash used overseas? We studied wildlife imagery on banknotes around the world. Here’s what we found. Guy Castley, Associate Professor, School of Environment and Science, Griffith University Clare Morrison, Lecturer in Ecology, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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Water temperatures near UK last year were hottest on record, say scientists

The Guardian - Thu, 2024-07-25 15:00

State of the UK Climate report shows sea surface temperatures 0.9C higher than the 1961 to 1990 average

The water near the UK’s coasts was hotter in 2023 than scientists have ever before recorded, a report has found, with children today experiencing a hotter and wetter climate than that in which their parents and grandparents grew up.

The sea surface temperature near coasts was 0.9C hotter and winter rainfall across the country was 24% greater over the last decade than the average from 1961 to 1990, according to the State of the UK Climate 2023 report. It found the number of “hot” (28C) days has more than doubled over that period, and the number of “very hot” (30C) and “extremely hot” (32C) days has more than tripled.

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Offshore wind to power 20m homes within five years, Starmer to pledge

The Guardian - Thu, 2024-07-25 14:00

Scheme will use taxpayer money to develop parts of seabed owned by the royal family

Keir Starmer will promise to build enough offshore wind over the next five years to power 20m homes, by using taxpayer money to develop parts of the seabed owned by the royal family.

The prime minister will announce details of the government’s energy generation company, known as Great British Energy, during a visit to the north-west designed to highlight the government’s promises on green energy.

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Ulez expansion led to significant drop in air pollutants in London, report finds

The Guardian - Thu, 2024-07-25 14:00

Change equivalent to removing 200,000 cars for a year, with capital’s air quality improving at faster rate than rest of England

Levels of harmful air pollutants have dropped significantly since the ultra-low emission zone was enlarged to cover Greater London last year, according to a report from city hall.

Analysis covering the first six months since the Ulez expansion found that total emissions of nitrogen oxides (NOx) from cars across London were 13% lower than projected had the scheme remained confined to inner London, while NOx from vans was 7% lower.

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Singapore-based investor announces biodiversity accelerator cohort

Carbon Pulse - Thu, 2024-07-25 13:00
A Singapore-based investment firm has announced a cohort of eight companies that will take part in an initiative aimed at scaling nature-positive businesses.
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West Virginia, Indiana lead SCOTUS emergency appeal to stay US EPA’s power plant rules

Carbon Pulse - Thu, 2024-07-25 11:58
The attorneys general (AG) of West Virginia and Indiana headlined on Tuesday a consolidated emergency application to the US Supreme Court for an immediate stay of the Environmental Protection Agency’s (EPA’s) power plant emissions rules after lower courts denied motions to pause the regulations.
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DEBs-tagged G-CCOs trade at brief premium to CCAs, ARB offset issuance slows

Carbon Pulse - Thu, 2024-07-25 10:33
Golden California Carbon Offsets (G-CCOs) with direct environmental benefits to the state (DEBs) sold at a premium to California Carbon Allowances (CCAs) over several days this month when the California-Quebec futures market fell to year-to-date lows, while regulator ARB slowed the pace of offset issuance.
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Survey of Canadian corporations reveals two streams of potential CDR buyers -report

Carbon Pulse - Thu, 2024-07-25 10:26
A scan of Canadian corporations demonstrated that while a large majority was unengaged with carbon dioxide removal (CDR), the remaining minority either had limited knowledge with high enthusiasm to learn more or already had active plans to purchase CDR credits, according to a report published by a Canadian think-tank Thursday.
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Brazilian BECCS plans inch forward amid regulatory uncertainty

Carbon Pulse - Thu, 2024-07-25 10:22
An ethanol producer’s plans for a bioenergy with carbon capture and storage (BECCS) plant in Brazil are proceeding, but critical investments are held up by a bill that failed to clear the national legislature before it adjourned last week.
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