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CN Markets: China CO2 price stable, but economic woes sour outlook

Carbon Pulse - Fri, 2022-05-27 21:31
Allowance prices in China’s carbon market inched up over the past week, but market sentiment is turning bearish as participants expect mounting economic worries to hold back market development.
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One of UK’s rarest corals set to expand its range as climate change warms seas

The Guardian - Fri, 2022-05-27 21:00

Pink sea fan, at risk from bottom-trawling, predicted to spread northwards around coast up to Scotland as sea temperatures rise


It is one of Britain’s rarest and most threatened species, primarily due to bottom-trawling fishing, but researchers have found that the pink sea fan coral could expand its range in the climate crisis.

A slow-growing coral found in shallow waters from the western Mediterranean to north-west Ireland and south-west England and Wales, the pink sea fan (Eunicella verrucosa) is classified as vulnerable by the International Union for Conservation of Nature.

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ANALYSIS: ‘Carbon neutral’ fuel trades go underground as oil majors fear criticism

Carbon Pulse - Fri, 2022-05-27 20:56
Oil and gas players are continuing to make ‘carbon neutral’ fuel deals despite a major drop off in announcements, observers told Carbon Pulse, with the firms believed to be making secretive trades involving millions of carbon credits to offset fossil fuel shipments even as they struggle to agree on how to report them.
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Ivory ban loophole means elephant body parts can still be traded in UK

The Guardian - Fri, 2022-05-27 20:24

Legislation makes no mention of skins, feet, ears and tails so these can continue to be bought and sold

Elephant skins, feet, ears and tails will continue to be traded in the UK even after next month’s ivory ban comes into force, it has been revealed.

The government has been praised for its Ivory Act 2018, effective from next month, making the purchase and sale of elephant tusks punishable by fines of up to £250,000 or up to five years in prison.

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German judges visit Peru glacial lake in unprecedented climate crisis lawsuit

The Guardian - Fri, 2022-05-27 20:05

Rising greenhouse gases have caused Lake Palcacocha to swell in size which makes the area at risk for a devastating outburst flood

In a global first for climate breakdown litigation, judges from Germany have visited Peru to determine the level of damage caused by Europe’s largest emitter in a case that could set a precedent for legal claims over human-caused global heating.

Judges and court-appointed experts visited a glacial lake in Peru’s Cordillera Blanca mountain range this week to determine whether Germany’s largest electricity provider, RWE, is partially liable for the rise in greenhouse gases that could trigger a devastating flood.

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Malaysia’s Sarawak to develop statewide climate policy in follow-up to passage of forest carbon law

Carbon Pulse - Fri, 2022-05-27 19:43
The state government in Malaysia’s Sarawak will prepare a climate change policy document in a follow up to last week’s passing in the legislative assembly of a law that laid out a framework for setting up a statewide forestry-based carbon market.
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Exchange to impose temporary price controls on China’s green power trading market

Carbon Pulse - Fri, 2022-05-27 18:27
The Beijing Power Exchange will impose initial price control measures in the emerging green power trading market to avoid price spikes, it said when laying out rules for the new scheme, a move tipped to lure away at least some participants from China’s carbon offset market.
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Cannon-Brookes wants two seats on AGL board to help shape green future

RenewEconomy - Fri, 2022-05-27 17:15

Cannon-Brookes' Grok Ventures asks for two seats on AGL board to help Australia's biggest polluter plan for greener future.

The post Cannon-Brookes wants two seats on AGL board to help shape green future appeared first on RenewEconomy.

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Stop abuse of migrant workers before Britain becomes the next Dubai | Pete Pattisson

The Guardian - Fri, 2022-05-27 17:00

Exploitation common in the Gulf is emerging in the UK – and will only get worse without government intervention

Impoverished migrant workers forced to pay thousands of pounds in illegal recruitment fees, housed in squalid accommodation and unable to leave their jobs voluntarily. Is this Qatar? UAE? Saudi Arabia? No, it’s post-Brexit Britain.

Revelations that Nepali workers have allegedly been forced to pay extortionate fees to agents in Nepal for their jobs on a British farm supplying some of our leading supermarkets are just the latest in a series of shocking reports. Such cases expose how the UK is adopting practices commonly seen in the Gulf, a region with an appalling record of labour abuse.

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The week in wildlife – in pictures

The Guardian - Fri, 2022-05-27 17:00

The best of this week’s wildlife pictures, including hungry seagulls, a puffin census and a shy stingray

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3 ways the Albanese government can turn Australia into a renewable energy superpower – without leaving anyone behind

The Conversation - Fri, 2022-05-27 16:03
The soaring power prices expected to hit Australians are yet another reason the Albanese government should turbocharge its efforts on renewable energy and storage. Madeline Taylor, Senior Lecturer, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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Energy Insiders Podcast: No more coal and gas mines, says Bandt

RenewEconomy - Fri, 2022-05-27 15:32

Greens leader Adam Bandt at a press conference at Parliament House in Canberra. (AAP Image/Mick Tsikas)Greens leader Adam Bandt on coal and gas, Snowy 3.0, Labor’s climate plan, transmission and high prices.

The post Energy Insiders Podcast: No more coal and gas mines, says Bandt appeared first on RenewEconomy.

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Community batteries offer great promise, but will need the right market settings

RenewEconomy - Fri, 2022-05-27 15:16

How do we ensure community batteries are installed where they will have the greatest economic, social and environmental benefits?

The post Community batteries offer great promise, but will need the right market settings appeared first on RenewEconomy.

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Stranded fossil fuel assets could cost investors and retirement funds $2 trillion

RenewEconomy - Fri, 2022-05-27 14:30

Financial losses from stranded fossil fuel assets could total $2 trillion, including a big hit to Australia's retirement savings. Food for thought for AGL investors.

The post Stranded fossil fuel assets could cost investors and retirement funds $2 trillion appeared first on RenewEconomy.

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Not the right time for Labor to be hairy chested on climate and energy, says Bandt

RenewEconomy - Fri, 2022-05-27 14:27

Australian Greens leader Adam Bandt. (AAP Image/Mick Tsikas)Greens leader urges Labor government to abandon "hairy chested" approach to climate and energy, even if it does secure a majority in the House of Reps.

The post Not the right time for Labor to be hairy chested on climate and energy, says Bandt appeared first on RenewEconomy.

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Australian offset buyers pay up to avoid most criticised credit types

Carbon Pulse - Fri, 2022-05-27 12:31
Australian Carbon Credit Units (ACCUs) from controversial human-induced regeneration (HIR) projects are steadily trading at a premium in the market, though that is primarily because buyers perceive some other project types to be worse more than HIR being better, according to analysts.
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Is a 1970s-style energy shock on the cards for Australia?

RenewEconomy - Fri, 2022-05-27 12:13

AEMC demand response decision Finger Pointing To Electric Meter Reading - optimisedAustralia may be in the early stages of an energy price shock comparable to the 1973 oil price crisis. What's the problem, and what can consumers and regulators do?

The post Is a 1970s-style energy shock on the cards for Australia? appeared first on RenewEconomy.

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Four urgent next steps on energy policy for Australia’s 31st prime minister

RenewEconomy - Fri, 2022-05-27 12:09

Federal Labor leader Anthony Albanese addressing the party's federal election campaign launch in Perth. (AAP Image/Lukas Coch).More than net zero by 2050, science tells us we need 50% emissions reduction from 2020 to 2030. So, how are we going to achieve these targets?

The post Four urgent next steps on energy policy for Australia’s 31st prime minister appeared first on RenewEconomy.

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Another Big Oil solar farm starts sending power to Queensland grid

RenewEconomy - Fri, 2022-05-27 12:06

woolooga solar farm lightsource bpSolar farm developed by Lightsource BP in Lower Wonga is starting to send small amounts of much needed cheap solar power to Queensland's grid.

The post Another Big Oil solar farm starts sending power to Queensland grid appeared first on RenewEconomy.

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