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CN Markets: CEAs stable with healthier trading volumes amid renewed expectation on sectoral coverage

Carbon Pulse - Fri, 2024-06-07 14:14
CO2 allowance prices in China’s national emissions market increased slightly over the past week amid sustained liquidity, with participants remaining eager to learn whether the sectoral expansion plan will be rolled out later this year.
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Great British Energy will be welcome – but Labour risks over-selling it

The Guardian - Fri, 2024-06-07 14:00

Promise to invest in ‘cheap, clean, homegrown energy’ ticks every box but £8.3bn over a parliament is not game-changing

Great British Energy, Labour’s proposed publicly owned energy company, scores well with voters, according to the pollsters, and one can understand why. The promise to invest in “cheap, clean, homegrown energy, to cut bills for families and rebuild the strength of British industry” ticks every imaginable box. What’s not to like?

And, since the privatised utilities are never going to win a popularity contest (especially when the boss of British Gas’s owner is being paid £8m), the publicly-owned structure of GB Energy is almost a cherry on top. Other countries have state-owned firms making good profits in the UK energy market. Now the home side will be on the pitch.

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Categories: Around The Web

South Korea, Indonesia sign Article 6 deal

Carbon Pulse - Fri, 2024-06-07 13:58
South Korea and Indonesia have signed a Memorandum of Understanding (MoU) on the implementation of projects under Article 6 of the Paris Agreement.
Categories: Around The Web

Brazilian authorities target major developer, country’s top carbon credit seller in fraud probe -media

Carbon Pulse - Fri, 2024-06-07 13:35
The Brazilian Federal Police (PF)'s investigation into an alleged criminal scheme selling of millions of dollars' worth of fraudulent carbon credits from illegally authorised lands is centring on a major project developer and the country's top offset seller, local media reported Thursday.
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A renewable energy transition that doesn’t harm nature? It’s not just possible, it’s essential

The Conversation - Fri, 2024-06-07 12:41
Rapidly reaching net-zero is vital to avoiding the worst ravages of climate change. But doing so in a way that damages nature is self-defeating. Brendan Wintle, Professor in Conservation Science, School of Ecosystem and Forest Science, The University of Melbourne Andrew Rogers, Biodiversity lead analyst, School of Agriculture, Food and Ecosystem Sciences, The University of Melbourne James Watson, Professor in Conservation Science, School of the Environment, The University of Queensland Michelle Ward, Postdoctoral research fellow, The University of Queensland Sarah Bekessy, Professor in Sustainability and Urban Planning, Leader, Interdisciplinary Conservation Science Research Group (ICON Science), RMIT University Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

EU’s top court exempts hazardous waste incinerators from ETS

Carbon Pulse - Fri, 2024-06-07 12:36
The European Court of Justice on Wednesday ruled that incinerators used for hazardous waste do not need to be included in the EU's Emissions Trading System if they are part of larger installations covered by the scheme, provided they only marginally incinerate other types of waste.
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WCI Markets: CCAs find support, reversing five-day plunge close to March lows

Carbon Pulse - Fri, 2024-06-07 11:52
California Carbon Allowance (CCA) prices in the secondary market reversed course late Thursday after a week of sliding toward March lows on high ICE futures and options volume exacerbating the technical sell-off, market participants said, while Washington Carbon Allowances (WCA) declined heading into the second quarterly permit sale.
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US DOE and NOAA join forces to advance marine CO2 removal efforts

Carbon Pulse - Fri, 2024-06-07 10:02
The US Department of Energy (DOE) and the National Oceanic and Atmospheric Administration (NOAA) will jointly pursue marine CO2 removal (mCDR) research and development, the agencies announced Thursday.
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Why scientists are studying whales with a crossbow

BBC - Fri, 2024-06-07 10:01
Researchers use the device to take remote biopsies from wild humpback whales to monitor their health.
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Top UK ports see boost after EU ETS expansion to shipping

Carbon Pulse - Fri, 2024-06-07 08:35
Three of the busiest ports in the UK, a strategic stopover for EU-bound ships to cut down on ETS liability, saw more units and tonnage in Q1 2024 relative to the same period in 2023 as the EU ETS extends to shipping, according to British government figures published Thursday.
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Carbon removal company secures lease for DAC manufacturing facility in Arizona

Carbon Pulse - Fri, 2024-06-07 07:41
A US-based direct air capture (DAC) firm on Thursday announced that it has signed a lease for its first manufacturing site in Arizona to construct modules with a cumulative removal capacity of 2 million tonnes CO2 annually.
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