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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.
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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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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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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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India open to bring coal into compliance scheme in time

Carbon Pulse - Fri, 2024-08-23 12:08
India has left coal-fired power generation out of its compliance carbon market from the outset, but might add the big-emitting sector to the scheme later, a government official said Thursday.
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California May diesel, gasoline sales pick up as retail prices soften

Carbon Pulse - Fri, 2024-08-23 11:44
California diesel and gasoline consumption in May increased month-on-month as retail prices receded from year-to-date highs in April, state data published this week showed.
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Here’s why more Australian scientists should team up with authors on books about animals

The Conversation - Fri, 2024-08-23 10:17
Engaging and scientifically accurate children’s books on Australian animals are sorely lacking. Fostering more collaboration between authors and scientists can enrich children’s literature. Euan Ritchie, Professor in Wildlife Ecology and Conservation, School of Life & Environmental Sciences, Deakin University Kate Umbers, Senior Lecturer in Zoology, Western Sydney University Licensed as Creative Commons – attribution, no derivatives.
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WCI Markets: CCAs bounce after Q3 auction clear shocks to the downside

Carbon Pulse - Fri, 2024-08-23 10:03
California Carbon Allowance (CCA) prices fell to new year-to-date lows following the release of Q3 auction results on Wednesday, recovering through Thursday amidst significant turnover in the secondary market.
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Investigation reveals global fisheries are in far worse shape than we thought – and many have already collapsed

The Conversation - Fri, 2024-08-23 10:00
We studied 230 fisheries around the world, and found populations of many overfished species are in far worse condition than has been reported. Graham Edgar, Senior Marine Ecologist, Institute for Marine and Antarctic Studies, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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Democratic state AGs defend fossil fuel lawsuits from Republican challenge

Carbon Pulse - Fri, 2024-08-23 09:52
A group of attorneys general (AGs) from Democrat-led states filed a brief Wednesday in the US Supreme Court (SCOTUS) defending their lawsuits to hold fossil fuel producers responsible for the effects of climate change.
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