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PREVIEW: Washington Q2 carbon auction expected to clear above Tier 1 reserve price

Carbon Pulse - Wed, 2023-05-31 04:22
Traders expect the second ever Washington Carbon Allowance (WCA) sale on Wednesday will trigger Tier 1 of the Allowance Price Containment Reserve (APCR) and make additional permit volume available, after the secondary market slammed on the brakes halfway through this month.
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The Guardian view on Labour’s green plans: just stop oil to save the planet | Editorial

The Guardian - Wed, 2023-05-31 03:52

Sir Keir Starmer is right to say no to new hydrocarbon extraction from the North Sea

Sir Keir Starmer has been admirably straightforward about his mission to make Britain a “clean energy superpower”. Blocking new oil and gas fields is a sine qua non to realise that ambition. The Labour leader even went to the lion’s den of Davos earlier this year to give business leaders that message.

But judging from the headlines over the past few days, you might be forgiven for thinking that Sir Keir had never uttered a word about his plans. Or that Labour had not argued that a big public investment programme was needed to green the economy. The Conservative press instead said Labour’s ideas were a “gift to Putin”; raised a “£28bn question”; and were a sure sign that eco-friendly donors were being appeased. Such a tendentious reading of policy gives opportunistic bunkum a bad name.

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EU’s lead lawmaker seeks wider input to set priorities for net zero industry technologies

Carbon Pulse - Wed, 2023-05-31 03:00
The European Parliament’s lead negotiator on the bloc's net zero industry strategy wants to eliminate a proposed fixed list of “strategic technologies” in favour of getting more voices to decide on funding priorities. 
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Tensions rising over climate finance ahead of resumption of UN talks

Carbon Pulse - Wed, 2023-05-31 02:14
There is "no clear flight path" to progressing the provision of rich-to-poor climate finance at year-end COP28 UN negotiations, according to experts speaking on Monday ahead of a preparatory meeting in Bonn who feared the issue could become challenging in light of recent criticism of the UAE hosts. 
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Lawmakers eye splitting of issues under EU’s carbon removals bill

Carbon Pulse - Wed, 2023-05-31 01:50
Lawmakers are weighing whether the EU's law to certify carbon removals should make a clear distinction on how policy will support land-based carbon sequestration compared to more durable solutions, with experts eyeing a role for the latter in the bloc's flagship carbon market.
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RGGI Market: RGAs jump to 5-mth high as options activity spikes

Carbon Pulse - Wed, 2023-05-31 01:43
RGGI Allowance (RGA) values continued their trek higher over the last five-day period on sizeable option activity, even as Pennsylvania’s Supreme Court heard arguments on the state’s cap-and-trade participation injunction and a Virginia board announced the date to vote on its own power sector carbon market repeal.
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Newly-formed EU cement alliance aims to halve sector’s emissions

Carbon Pulse - Wed, 2023-05-31 01:03
Revising EU policies and standards could help to slash the emissions from producing cement by more than 50%, according to a multi-stakeholder alliance launched in Brussels on Tuesday.
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Carbon Solutions Project Manager, Energy Changes Projektentwicklung GmbH – Vienna, Austria

Carbon Pulse - Wed, 2023-05-31 00:41
To continue its work in accelerating climate action and to help with our rapidly growing project portfolio, Energy Changes is looking for a project manager to join its dedicated and passionate team.
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‘An egregious act’: debt ceiling deal imperils the environment, critics say

The Guardian - Wed, 2023-05-31 00:33

The agreement will fast-track the Mountain Valley pipeline, and limit the scope of environmental reviews for future developments

The deal to raise the US debt ceiling will have significant ramifications for the climate and nature, by fast-tracking a controversial gas pipeline in West Virginia and limiting the scope of environmental reviews for future developments, environmentalists have warned.

The agreement struck between Joe Biden and Republicans who control the House of Representatives states the Mountain Valley pipeline is “required in the national interest” and should be issued its necessary permits within 21 days and be shielded from legal challenge by those who object to it.

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Invasive moth species spreading across south-east England, say experts

The Guardian - Tue, 2023-05-30 23:07

Government curbs transfer of trees to and from affected areas to limit spread of rash-causing oak processionary moths

The government has introduced new legislation controlling the movement of oak trees in south-east England due to a rise in the numbers of a toxic, invasive moth species.

The oak processionary moth was first spotted in Kew Gardens, in south-west London, in 2006 after the eggs were imported on an oak from Europe. The insects, whose caterpillars produce tiny hairs that can cause allergic reactions in humans, feed on the leaves of oak trees.

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Delta Air Lines faces lawsuit over $1bn carbon neutrality claim

The Guardian - Tue, 2023-05-30 23:00

US airline pledged to go carbon neutral but plaintiffs say it is relying on offsets that do almost nothing to mitigate global heating

Delta Air Lines is facing a lawsuit over its $1bn carbon neutrality claim which plaintiffs say is “false and misleading” as it relies on offsets that do little to mitigate global heating.

In February 2020, the US airline announced plans to go carbon neutral, pledging $1bn to mitigate all greenhouse gas emissions from its business worldwide over the next decade. It included plans to purchase carbon credits generated from conserving rainforest, wetlands and grasslands along with decreasing the use of jet fuel and increasing plane efficiency.

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PR Associate Director, Sustainability and Voluntary Carbon Markets, Leading UK Environmental Consultancy – London (Hybrid)

Carbon Pulse - Tue, 2023-05-30 22:34
Opportunity for talented Senior Account Director/Associate Director to join one of the UK's leading environmental communications consultancies.
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River Wye health status downgraded by Natural England after wildlife review

The Guardian - Tue, 2023-05-30 22:27

River’s condition said to be declining as Wildlife Trusts calls for action from government on farming pollution

The River Wye’s health status has been downgraded by Natural England, as wildlife charities accuse the government of failing to stop farming pollution harming the waterway.

The government nature watchdog has updated the status of the river from “unfavourable-improving” to “unfavourable-declining”, meaning its condition is poor – and worsening.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-05-30 22:09
European carbon slid to a new four-month low in morning trade on Tuesday, wiping out the modest gains of a holiday-affected Monday session as weaker gas prices continued to weigh despite snapping a recent losing streak.
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Researchers say rich countries should compensate for biodiversity loss in Global South

Carbon Pulse - Tue, 2023-05-30 21:27
People in rich nations’ excessive consumption has been driving global biodiversity loss, and they should pay compensation via loss and damage funds to countries whose natural habitats are being exploited, a group of researchers have argued.
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England’s vital hedges under threat from cuts to funding, farmers say

The Guardian - Tue, 2023-05-30 21:00

Transition to post-Brexit farming payments means scheme to protect hedgerows could be lost

Hedgerows in England are under threat, farmers and nature groups have warned, as the government prepares to cut funding that protects them.

Hedges are vital habitat for many species, providing food and shelter for mammals, birds and pollinators, with the EU paying farmers under its farming subsidy scheme to have them on their land.

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Rock ‘flour’ from Greenland can capture significant CO2, study shows

The Guardian - Tue, 2023-05-30 20:44

Powder produced by ice sheets could be used to help tackle climate crisis when spread on farm fields

Rock “flour” produced by the grinding under Greenland’s glaciers can trap climate-heating carbon dioxide when spread on farm fields, research has shown for the first time.

Natural chemical reactions break down the rock powder and lead to CO2 from the air being fixed in new carbonate minerals. Scientists believe measures to speed up the process, called enhanced rock weathering (ERW), have global potential and could remove billions of tonnes of CO2 from the atmosphere, helping to prevent extreme global heating.

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Consumer watchdog says KOS protein powder contains toxic PFAS

The Guardian - Tue, 2023-05-30 20:00

The Environmental Research Center says it tested five products and found toxic ‘forever chemicals’ linked to serious disease

KOS Nature-Powered Organic Plant Protein drinks and powders contain toxic “forever chemicals”, a recent filing with the California department of justice charges.

The filing, made by the Environmental Research Center (ERC), a San Diego-based consumer protection nonprofit, states that its testing found PFOA, a dangerous PFAS compound, in five KOS products.

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Accenture to buy Brazil-based sustainability consultancy

Carbon Pulse - Tue, 2023-05-30 19:00
Professional services firm Accenture on Monday announced its intent to acquire a Brazil-based sustainability consultancy.
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ACX teams up with Swiss offset verifier to certify environmental claims

Carbon Pulse - Tue, 2023-05-30 17:49
ACX, a global exchange formerly known as AirCarbon Exchange, has teamed up with a Swiss-based certification standard for carbon offset commodities to certify environmental claims, the two companies announced on Tuesday.
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