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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-05-10 21:48
European carbon allowance prices climbed to their highest in four months on Friday morning as determined buying took prices above two key technical levels, before the market gave back all its gains amid profit-taking ahead of the weekend.
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UK investor launches nature blueprint for renewables

Carbon Pulse - Fri, 2024-05-10 21:43
A guide for adopting nature-positive practices across renewable energy sites has been published by Foresight Group, alongside details of an endangered butterfly conservation project on a solar farm.
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Belgian lime products manufacturer signs MoU with British carbon capture firm

Carbon Pulse - Fri, 2024-05-10 21:03
A Belgian manufacturer of lime, limestone, and mineral-based products has signed a Memorandum of Understanding (MoU) to collaborate with a British carbon capture and storage (CCS) firm. 
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Adder girl! Tunnels aim to encourage British snakes to mix and breed

The Guardian - Fri, 2024-05-10 21:00

Trust builds passes under road bisecting Berkshire commons for increasingly endangered venomous snake

How did the adder cross the road? It didn’t – it was too scared.

Now, however, road-shy populations of the increasingly endangered snake are being given a helping hand with the construction of Britain’s first adder tunnels.

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CN Markets: CEAs retreat from record highs as policy uncertainty lingers

Carbon Pulse - Fri, 2024-05-10 20:27
CO2 allowance prices in China’s national emissions market fell below the 100 yuan ($13.84) mark over the past week after hitting a record high in late April, with traders and analysts expecting short-term fluctuations amid policy uncertainties.
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‘No alternative’: EU climate chief urges MEPs not to use crisis as political tool

The Guardian - Fri, 2024-05-10 19:51

Exclusive: Wopke Hoekstra says EU must press ahead with cutting greenhouse gases and use policy to bring about economic benefits

Europe’s climate chief has warned against politicians trying to use the climate crisis as a wedge issue in the forthcoming EU parliament elections, calling instead for climate policy that will bring wider economic benefits.

Wopke Hoekstra, the EU commissioner for climate action, said Europe had no choice but to press ahead with strong measures to cut greenhouse gases, whoever was in power, but added that more attention was needed to help businesses thrive in a low-carbon world.

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Shell dismisses Greenpeace, FT reporting on “phantom” carbon credits as inaccurate

Carbon Pulse - Fri, 2024-05-10 19:50
Shell has dismissed as inaccurate reports by Greenpeace and the Financial Times claiming the oil major made over C$200 million ($146 mln) selling "phantom" carbon credits that it earned for emissions reductions that never happened.
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Only one-third of largest marine protected areas is fully protected, study says

Carbon Pulse - Fri, 2024-05-10 19:25
The international community's commitment to protecting at least 30% of the waters by 2030 must go beyond mere numbers and strive for quality and effectiveness, as only one-third of the largest global marine protected areas is highly protected, according to a paper published Thursday.
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BRIEFING: What Australia’s Future Gas Strategy tells us about the Safeguard Mechanism’s impact on emissions

Carbon Pulse - Fri, 2024-05-10 19:11
The Safeguard Mechanism will be a strong incentive to reduce carbon emissions, according to the Future Gas Strategy Australia released this week, but an accompanying technical report raises significant challenges and unknowns that could undermine its success.
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Farmers’ union lobbied to increase pesticide limit in UK drinking water

The Guardian - Fri, 2024-05-10 19:00

NFU’s director of strategy asked for review of EU-derived protections as part of post-Brexit loosening of rules

The National Farmers’ Union lobbied to increase the amount of pesticides allowed in the UK’s drinking water and to allow farmers to spread manure more frequently as part of a post-Brexit loosening of environmental regulations, it can be revealed.

Nick von Westenholz, the director of strategy for the lobby group, met Timothy Elliot-Murray-Kynynmound, the Earl of Minto, who is the minister of state for regulatory reform, last year and asked him to review EU-derived environmental protections.

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INTERVIEW: Carbon revenue, bio-based materials trend fund bamboo planting in Europe

Carbon Pulse - Fri, 2024-05-10 18:51
Revenue from carbon credit sales combined with selective harvesting to meet growing demand for bio-based material can help support support bamboo planting in Europe, according to a developer of bamboo-based carbon projects.
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Major Japanese utility to close five coal-fired units by 2030, accelerate adoption of ammonia coal co-firing

Carbon Pulse - Fri, 2024-05-10 18:50
One of the largest electricity utilities in Japan is planning to gradually phase out five 'inefficient' coal-fired power units that contribute around 30% of its thermal power generation capacity, while making some other utilities run partially on ammonia or biomass in a move to cut CO2 emissions.
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Thai govt, tech firm to financially support coastal communities through carbon credit sales

Carbon Pulse - Fri, 2024-05-10 18:14
The Thai government has teamed up with a Bangkok-based technology firm to provide financial support to the coastal communities through the creation and sale of carbon credits from a flagship mangrove restoration programme.
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Forest conservation project in Germany sells first biodiversity credits

Carbon Pulse - Fri, 2024-05-10 18:02
Two German companies have purchased nearly 20,000 biodiversity credits generated through a domestic forest conservation project, Carbon Pulse has learned.
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Week in wildlife – in pictures: an eel gets a shock, bees take Manhattan and a possum on the pitch

The Guardian - Fri, 2024-05-10 17:00

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

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Categories: Around The Web

Mass planting of marsh violets key to saving rare UK butterfly, says National Trust

The Guardian - Fri, 2024-05-10 15:00

Trust aims to boost small pearl-bordered fritillary colonies in Shropshire Hills by planting 20,000 violets this year for their caterpillars

A mass planting of marsh violets across England’s Shropshire Hills is to take place to try to prevent further decline of the small pearl-bordered fritillary or Boloria selene, a rare UK butterfly.

The small pearl-bordered fritillary’s distribution across the UK has plunged 71% since the mid 1970s and the species is now listed as vulnerable, according to the 2022 state of UK butterflies report.

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Fixation on UK nuclear power may not help to solve climate crisis

The Guardian - Fri, 2024-05-10 15:00

Waste and cost among drawbacks, as researchers say renewables could power UK entirely

In the battle to prevent the climate overheating, wind and solar are making impressive inroads into the once dominant market share of coal. Even investors in gas plants are increasingly seen as taking a gamble.

With researchers at Oxford and elsewhere agreeing that the UK could easily become entirely powered by wind and solar – with no fossil fuels required – it seems an anomaly that nuclear power is still getting the lion’s share of taxpayer subsidies to keep the ailing industry alive.

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