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Sweden launches BECCS auction with $3.4 bln grants available

Carbon Pulse - Fri, 2024-08-23 20:53
Sweden has launched its bioenergy with carbon capture and storage (BECCS) auction, allocating 36 billion SEK ($3.4 bln) in grants over 15 years of storage.
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Mexican non-profit plans to earn biodiversity, carbon credits for spider monkey reintroduction

Carbon Pulse - Fri, 2024-08-23 20:50
A Mexican non-profit has partnered with a France-based environmental company to launch a biodiversity and carbon credit project aimed at reintroducing spider monkeys on a 600-hectare area in Mexico, Carbon Pulse has learned.
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CN Markets: CEAs drop to one-month low, weekly trading volume picks up

Carbon Pulse - Fri, 2024-08-23 20:33
Permits in China’s national emissions trading scheme (ETS) fell below the 90 yuan ($12.61) mark over the past week, hitting their lowest level in a month, though trading activity picked up significantly to end the week with more than 2 million units changing hands.
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Australia offers another A$200 mln to aid Great Barrier Reef

Carbon Pulse - Fri, 2024-08-23 20:15
The Australian government will spend an additional A$192 million ($129 mln) to improve and protect the Great Barrier Reef’s water quality in order to prevent bleaching events and aid recovery when they do occur.
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INTERVIEW: Developers unclear on how to source Biodiversity Net Gain units

Carbon Pulse - Fri, 2024-08-23 19:41
The rules for buying offsite units to comply with England’s Biodiversity Net Gain (BNG) requirements aren’t clear enough for developers currently, with some local authorities better equipped to advise on the market than others, according to a sustainability consultancy working with large building clients.
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Carbon pricing among key policy levers needed for climate success, finds report

Carbon Pulse - Fri, 2024-08-23 19:34
Carbon pricing is a key policy tool to ensure climate success, especially when combined with subsidies for clean energy and effective regulation such as state-induced coal phaseout, according to an international report published this week.
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Aerial shots show lava and smoke erupting from volcano in Iceland – video

The Guardian - Fri, 2024-08-23 19:21

A volcano in south-west Iceland has erupted for the sixth time since December, spraying red-hot lava and smoke. The eruptions show the challenge faced by the island country of nearly 400,000 people, as scientists warn that the Reykjanes peninsula could face repeated events for decades or even centuries

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Categories: Around The Web

UPDATE – China suspends steel capacity replacement plans

Carbon Pulse - Fri, 2024-08-23 18:30
China's industry ministry has instructed all regions to cease issuing new steel capacity replacement plans, a move that could change the dynamics in the oversupplied and ETS-destined market.
Categories: Around The Web

Weather tracker: 10 dead and 34,000 displaced in north-east India floods

The Guardian - Fri, 2024-08-23 18:21

Schools and university shut down in Tripura state after persistent heavy rain, and situation expected to worsen

Incessant rain across Tripura, a state in north-east India, has created what has been described as the state’s worst flood situation in the last three decades. Persistent heavy rain from Monday to Wednesday resulted in several rivers exceeding danger and extreme danger marks, leading to widespread flooding that has caused the deaths of 10 people as well as displacing more than 34,000.

The southern Tripura districts had the worst of the floods and the 34,000 displaced people were being sheltered in the north of the region. There were 24-hour rainfall totals on Wednesday of 375.8mm recorded in Bagafa and 324.4mm in Belonia. The flooding and heavy rain led schools to shut down on Wednesday and Thursday, while Tripura University suspended all regular classes on Wednesday. The heavy rain was caused by a low pressure system situated over Bangladesh that is slowly moving westwards into north-east India. The situation is therefore only expected to worsen, with a further 100-150mm falling through Thursday and Friday as rivers continue to remain at breaking point.

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Taiwan urged to stop financing fossil fuels through public funds

Carbon Pulse - Fri, 2024-08-23 17:05
Taiwan should make it mandatory for public funds to consider climate risks in their investment and financing decision-making and include a timeline for their divestment from fossil fuels, an environmental group has urged. 
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Week in wildlife in pictures: ‘vain’ monkeys, a puffling fling and Jane Goodall with an owl

The Guardian - Fri, 2024-08-23 17:00

The best of this week’s wildlife photographs from around the world

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Categories: Around The Web

Swedish hunters kill more than 150 brown bears in first days of annual cull

The Guardian - Fri, 2024-08-23 16:00

Campaigners denounce ‘pure slaughter’, which could threaten survival of entire Scandinavian population

More than 150 brown bears have been killed in the opening days of Sweden’s annual bear hunt, as controversy mounts over what conservationists have called “pure slaughter”.

The Swedish government issued 486 licences to shoot bears in this year’s hunt, equivalent to about 20% of the remaining brown bear population. This follows a record-breaking cull of 722 bears last year. By Thursday afternoon – the second day of the hunt – 152 bears had already been shot, according to Sweden’s Environmental Protection Agency.

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NZ Market: NZU price finishes the week at five-month high

Carbon Pulse - Fri, 2024-08-23 15:50
The New Zealand carbon market finished the week trading at a five-month high on the back of the government’s decision to drastically cut the number auction volumes next year, with over 1.7 mln units traded on the spot market this week.
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Humpback whale tangled in ropes and buoys in Sydney Harbour - video

The Guardian - Fri, 2024-08-23 14:24

A humpback whale was spotted by a tour group on Thursday with ropes and buoys entangled in its tail. The New South Wales National Parks and Wildlife Service and Maritime NSW vessels were on site monitoring the whale and enforcing an exclusion zone on Friday. The large whale disentanglement team was dispatched to assist the whale and managed to free it later on Friday.

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Australian Senate passes mandatory climate reporting legislation

Carbon Pulse - Fri, 2024-08-23 13:10
The Australian federal government on Thursday passed legislation on mandatory climate reporting, which it said would provide greater clarity to investors and boost investment in the net zero transformation.
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