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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-10-25 21:18
European carbon allowances were modestly weaker at midday on Friday, consolidating the gains made over the previous two sessions as traders speculated that the recent rally from the €60.00 level may have signalled the bottom of the market for the rest of the year, while UKAs extended Thursday's loss as government reform proposals revealed no new adjustments to the British market.
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Clean cooking organisation updates cookstoves methodology

Carbon Pulse - Fri, 2024-10-25 20:53
A Washington DC-headquartered clean cooking initiative has updated its cookstove methodology following a public comment period, the organisation announced on its website Wednesday.
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Australian regulator publishes Safeguard facilities’ emissions intensity data

Carbon Pulse - Fri, 2024-10-25 19:33
The Clean Energy Regulator (CER) has published new emissions intensity data (EID) for facilities covered under the reformed Safeguard Mechanism in the lead up to the next compliance deadline in March, a move which experts said would help provide a guide on how many below baseline credits facilities are likely to generate. 
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‘We have emotions too’: Climate scientists respond to attacks on objectivity

The Guardian - Fri, 2024-10-25 19:01

Researchers criticised and gaslighted after sharing fears with Guardian say acknowledging feelings is critical to their work

Climate scientists who were mocked and gaslighted after speaking up about their fears for the future have said acknowledging strong emotions is vital to their work.

The researchers said these feelings should not be suppressed in an attempt to reach supposed objectivity. Seeing climate experts’ fears and opinions about the climate crisis as irrelevant suggests science is separate from society and ultimately weakens it, they said.

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Sliver of cool surface water 2mm deep helps oceans absorb CO2, say scientists

The Guardian - Fri, 2024-10-25 19:00

Subtle temperature difference between ‘ocean skin’ and water beneath found to drive more CO2 absorption

A sliver of cool surface water less than 2mm deep helps oceans absorb carbon dioxide, a British-led team of scientists has established after months of voyages across the Atlantic painstakingly measuring gas and temperature levels.

The subtle difference in temperature between the “ocean skin” and the layer of water beneath it creates an interface that leads to more CO2 being taken in, the scientists observed.

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Regulator approves 18 projects for J-Credit scheme

Carbon Pulse - Fri, 2024-10-25 18:50
Japan has given the green light to the registration of 18 projects under the J-Credit scheme, which are capable of generating nearly 1.2 million carbon credits over their lifetimes.
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Week in wildlife in pictures: jaguar cuddles, a supermarket cockatoo and a seal in Canary Wharf

The Guardian - Fri, 2024-10-25 17:00

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

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AstraZeneca ‘said it could cut UK jobs’ if biodiversity drug levy is introduced

The Guardian - Fri, 2024-10-25 15:00

Biotech giant’s alleged comments come as world leaders at Cop16 discuss how to share benefits from genetic code discoveries fairly

AstraZeneca has said it may cut jobs at its UK operation if the government enforces a global push to make companies share profits derived from nature’s genetic codes, multiple sources have told the Guardian.

The alleged comments from the company came amid a concerted lobbying push by the pharmaceutical industry against the profit-sharing measures.

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POLL: Negative sentiment engulfs UK ETS, from carbon price outlook to EU linking prospects

Carbon Pulse - Fri, 2024-10-25 11:27
UK carbon prices are expected to remain around current levels through next year, with analysts maintaining a generally bearish outlook for the market due to persistent oversupply, delayed policy reforms, and wider challenges that many think will all but ensure the ETS is not re-connected to Europe's this decade.
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Brazil’s cap-and-trade proposal could be voted next month, Senator says

Carbon Pulse - Fri, 2024-10-25 10:57
Brazilian Senator Otto Alencar (PSD-BA) said Wednesday that he and a group of lawmakers will soon present a revised proposal for a national cap-and-trade system, aiming for a vote next month.
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WCI Markets: CCAs swoon with LCFS scrutiny

Carbon Pulse - Fri, 2024-10-25 10:32
California Carbon Allowances (CCA) futures reversed sharply in tandem with a sell-off in Low Carbon Fuel Standard (LCFS) credits this week ahead of a board vote on proposed changes to the state's clean fuels programme, while Washington Carbon Allowances (WCA) remained out of the spotlight.  
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UK publishes proposed regulations formalising changes to ETS announced last year

Carbon Pulse - Fri, 2024-10-25 09:11
The UK government has formally proposed legislation across the country's four parliaments that would put into effect major changes to the British carbon market that were announced last year, according to a statement from the ETS Authority.
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