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Alberta TIER October spot prices continue to tumble amid weak demand

Carbon Pulse - 12 hours 23 min ago
The Alberta Technology Innovation and Emission Reduction (TIER) programme's spot prices reached historic lows for the second month in a row, according to a report published Friday.
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The frozen carbon of the northern permafrost is on the move – we estimated by how much

The Conversation - 15 hours 5 min ago
We wanted to find out how much carbon and nitrogen is being released from the northern permafrost. Here’s the region’s first full greenhouse gas budget covering CO₂, methane, and nitrous oxide. Pep Canadell, Chief Research Scientist, CSIRO Environment; Executive Director, Global Carbon Project, CSIRO Gustaf Hugelius, Professor, Physical Geography, Stockholm University Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

The Guardian view on Labour’s 2030 clean energy target: Britain should go for it | Editorial

The Guardian - 15 hours 38 min ago

As a new report makes clear, the timetable is dauntingly tight. But the potential rewards on offer are huge

One of Labour’s first acts in government was to lift the de facto ban on new onshore windfarms introduced by the Conservatives in 2016, which closed off one of the key pathways to clean, cheap energy by the 2030s. This week, progress was resumed as plans were outlined for what would be the most productive onshore windfarm in England. According to developers, the Scout Moor scheme in Greater Manchester could meet 10% of the region’s energy needs by the end of the decade.

As a major new report published on Tuesday makes clear, if Labour’s mission of a clean electricity system by 2030 is to be met, an avalanche of such projects will be required. The publicly owned National Energy System Operator (Neso) estimates that a doubling of onshore wind capacity will be necessary, along with a still bigger expansion of offshore wind and a tripling of solar power. When this is all considered alongside the need to transform the country’s power and transmission networks at an unprecedented pace, the daunting scale of the task becomes clear. Crucially, though, Neso’s analysis finds that the 2030 date is achievable if, to put it non-technically, the government, the energy industry and regulators truly go for it.

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

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Categories: Around The Web

Political context of Article 6 talks very different to last year, says ratings agency

Carbon Pulse - 16 hours 41 sec ago
The political context around COP29 negotiations in Baku is very different to last year's summit and could stand to benefit Article 6 talks, the founder of a carbon ratings agency said Tuesday.
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UAE energy firms team up with Microsoft to drive decarbonisation solutions

Carbon Pulse - 17 hours 39 min ago
Two Abu Dhabi-based energy companies have partnered with Microsoft to explore decarbonisation solutions, including the use of AI to advance carbon capture, low-carbon hydrogen, and ammonia projects.
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UK startup secures funding to offer insurance for risks in early-stage CDR projects

Carbon Pulse - 17 hours 59 min ago
A startup insurance company hopes to kick start the carbon removal (CDR) market by offering cover to mitigate the risks facing early-stage projects.
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Canadian consultancy, US-based energy tech firm team up to provide CCS, EOR solutions

Carbon Pulse - 18 hours 14 sec ago
A Canadian consultancy and a US-based energy technology provider have announced a joint venture focused on providing engineering and geoscience solutions for carbon sequestration and enhanced oil recovery (EOR) projects in the US.
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Brazilian partnership to restore 334,000 hectares of forest, generate carbon credits

Carbon Pulse - 18 hours 30 min ago
An alliance of several Brazilian public institutions on Friday agreed to structure new forest concessions for sustainable logging and forest restoration, offsetting the cost of restoring 334,000 hectares of degraded areas in the Amazon using the proceeds from carbon credits.
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Scottish govt releases framework for carbon, biodiversity markets

Carbon Pulse - 18 hours 40 min ago
Scotland's government released on Tuesday a framework aimed at driving private investment in natural capital, outlining a set of high-integrity principles as well as a roadmap to 2026 to scale the carbon and biodiversity credit markets.
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Uniper waters down climate targets due to more cautious green hydrogen outlook

Carbon Pulse - 19 hours 4 min ago
German energy company Uniper has watered down its carbon neutrality target amid a 'cautious' investment environment concerning green hydrogen, it said in quarterly results published Tuesday.
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Veteran carbon trader to join Vitol as current head of carbon set to retire

Carbon Pulse - 19 hours 14 min ago
Vitol has appointed a veteran emissions trader to its carbon and environmental products division, as the current head of division is set to retire.
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UK can decarbonise electricity grid by 2030 with investment north of $40 bln a year – report

Carbon Pulse - 19 hours 33 min ago
The UK government can hit its goal to decarbonize the country’s electricity grid by 2030 with a massive expansion in renewable power and a price tag of at least $40 billion of investment a year, according to a report by newly created National Energy System Operator (NESO) .
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Carbon removals target ‘not a deal-breaker’ for Hoekstra’s EU confirmation hearing, MEPs say

Carbon Pulse - 19 hours 44 min ago
Lawmakers in the European Parliament are focusing their attention on the Commission’s pledge to table a 90% climate target for 2040, leading MEPs told Carbon Pulse ahead of EU climate chief Wopke Hoekstra’s confirmation hearing on Thursday.
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Brazilian developer reviews unit count, price under updated biodiversity credit methodology

Carbon Pulse - 20 hours 16 min ago
A Brazil-based developer has revised its biodiversity credit methodology to more clearly define the units within its framework, resulting in changes to the number of credits generated by its project as well as adjustments to pricing, the company told Carbon Pulse.
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COP29 PREVIEW: Six sticking points in negotiations over next global climate finance goal

Carbon Pulse - Tue, 2024-11-05 23:52
Money for climate action – and the rules underpinning its delivery – will dominate this year’s UN climate summit more than any other in the past decade, raising tensions over how much should be mobilised, who is on the hook for providing it, under what terms it is granted, as well as how the funding is tracked and reported.
Categories: Around The Web

Norway, Iceland struggling to meet their old 2030 climate targets -report

Carbon Pulse - Tue, 2024-11-05 23:27
Norway faces a significant shortfall in reaching its previous 2030 emissions reduction goal of 40% below 1990 levels, while Iceland could also fall short of tighter targets, according to a report published last week.
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EU’s new agriculture commissioner bets on carbon farming, not emissions trading

Carbon Pulse - Tue, 2024-11-05 23:23
The European commissioner-designate for agriculture and food dismissed the idea of creating an emissions trading system for agriculture during his European Parliament confirmation hearing on Monday evening, saying EU policymakers should instead focus on tapping into the potential of carbon farming. 
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‘People do not want to believe it is true’: the photographer capturing the vanishing of glaciers

The Guardian - Tue, 2024-11-05 22:55

Christian Åslund was shocked at the difference between what he saw in 2002 and what confronted him this summer

Standing in blinding sunlight on an archipelago above the Arctic Circle, the photographer Christian Åslund looked in shock at a glacier he had last visited in 2002. It had almost completely disappeared.

Two decades ago Greenpeace asked Åslund to use photographs taken in the early 20th century, and photograph the same views in order to document how glaciers in Svalbard were melting due to global heating. The difference in ice density in those pictures, taken almost a century apart, was staggering.

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Categories: Around The Web

Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-11-05 22:12
European carbon was calm and little-changed on Tuesday morning, refusing to track firming natural gas prices as many markets appeared to adopt a watching brief for news from the US presidential election.
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