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NZ Market: NZU price rises 10% as speculator-driven bounce continues

Carbon Pulse - Tue, 2024-06-04 16:14
New Zealand carbon allowances climbed 10% in Tuesday trade amid continued speculator demand and as the market digests what little there was for it in last week's budget.
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Australia explores Guarantee of Origin scheme to encourage green metals development

Carbon Pulse - Tue, 2024-06-04 16:07
The Australian government is looking at its Guarantee of Origin scheme (GO) as a potential demand-side driver of green metals development in the country alongside a raft of other measures, according to a consultation paper released Tuesday.
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World will miss target of tripling renewable electricity generation by 2030 – IEA

The Guardian - Tue, 2024-06-04 15:00

Analysis of policies of nearly 150 countries shows shortfall to hit target viewed as vital for transition from fossil fuels

The world is off track to meet the goal of tripling renewable electricity generation by 2030, a target viewed as vital to enable a swift global transition away from fossil fuels, but there are promising signs that the pace of progress may be picking up.

Countries agreed last December on a tripling of renewable power by the end of this decade. But few have yet taken concrete steps to meet this requirement and on current policies and trends global renewable generation capacity would only roughly double in developed countries, and slightly more than double globally by 2030, according to an analysis by the International Energy Agency.

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Only three water company prosecutions in England and Wales for unfit drinking supply

The Guardian - Tue, 2024-06-04 15:00

Figures show breaches have rarely led to prosecution by Drinking Water Inspectorate since 2021

The drinking water regulator for England and Wales has brought only three prosecutions against water companies for providing poor quality water since 2021, despite 362 instances in which water was flagged as being unfit for human consumption.

Periodically, members of the public or companies have informed the Drinking Water Inspectorate about water that has not been not safe for human consumption. In those instances, the DWI can issue legal instruments that require companies to put in place a package of measures.

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Rio Tinto debuts novel, clean steelmaking process

Carbon Pulse - Tue, 2024-06-04 14:49
Australian mining giant Rio Tinto announced Tuesday it will spend $143 million on an R&D facility to assess the effectiveness of its novel low-carbon ironmaking process, dubbed BioIron, that it says could cut up to 95% of the emissions associated with steelmaking.
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China's far-side Moon mission begins journey back

BBC - Tue, 2024-06-04 14:29
The collecting module is coming back with the first samples ever taken from that side of the moon.
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Book festival activists are making absurd demands over Baillie Gifford | Nils Pratley

The Guardian - Tue, 2024-06-04 14:00

Insistence on investment purity misses the point and will only lead to a decline in arts sponsorship

In a ranking of climate villains in the fund management industry, Baillie Gifford would surely come a long way down most people’s list. The Edinburgh-based firm preaches long-termism and its specialism is backing technology companies, especially those with kit to accelerate the transition to cleaner energy and transport. It was early into Tesla on the thesis that polluting internal combustion engines are on the way out and Elon Musk had a winning electric design. Another high-profile bet was Northvolt, the Swedish pacesetter in batteries that is now the net zero envy of the rest of Europe.

Few portfolios in the mainstream asset management world are entirely free of fossil fuel assets but Baillie Gifford’s are definitely at the less oily end. As the firm has pointed out repeatedly in recent weeks, only 1% of the £225bn of the assets it manages is invested directly in fossil fuel companies, and the figure is still only 2% if one includes stocks such as supermarkets that sell petrol. That’s versus an industry average of 11%.

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Should we worry about wasting renewable energy? Here’s why ‘spilling’ excess power is expected – and efficient

The Conversation - Tue, 2024-06-04 12:52
No, it’s not a problem that some renewable power doesn’t make it to the grid. Here’s why Dylan McConnell, Senior Research Associate, Renewable Energy & Energy Systems Analyst, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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UBS AM launches EU carbon ETC

Carbon Pulse - Tue, 2024-06-04 12:40
UBS Asset Management has launched an exchange-traded commodity (ETC) that gives investors exposure to the EU carbon market.
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Aerial pictures show Hawaii’s Kilauea volcano erupting – video

The Guardian - Tue, 2024-06-04 11:09

Kilauea, one of the most active volcanoes in the world, has begun erupting in a remote area that last saw an eruption half-century ago, the US Geological Survey’s Hawaiian Volcano Observatory said. The eruption is about 1.6 km (1 mile) south of the Kilauea caldera, in an area within Hawaii Volcanoes national park that last erupted in December 1974. The area surrounding the caldera has been closed to the public since 2008 because of other hazards, including ground cracking, instability in the crater wall and rockfalls.

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Arrest warrant issued for Aboriginal activist who says he is not an Australian citizen

The Guardian - Tue, 2024-06-04 10:42

Jim Everett-puralia meenamatta refused to attend court on charges of trespassing over an anti-forestry protest

A Hobart magistrate has issued an arrest warrant for an Aboriginal activist who refused to attend court on charges stemming from a protest because he does not consider himself an Australian citizen.

Jim Everett-puralia meenamatta says he wants to highlight the destruction of forests and issues of Indigenous sovereignty.

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INTERVIEW: Paraguay a promising hotspot for LATAM carbon markets, says developer

Carbon Pulse - Tue, 2024-06-04 10:28
Asuncion has reassured voluntary market (VCM) stakeholders with its low risk profile, favourability to carbon markets, and facilitating frameworks, enticing project proponents despite the country’s small size, an international developer told Carbon Pulse in Buenos Aires on Monday.
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