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WCI emitters, speculators build allowance length ahead of Q2 auction results
Carbon Trader, Flowcarbon – New York
Carbon Technical Lead, Flowcarbon – New York
Offset investor closes $79 mln offtake deal between US bank, Vietnamese developer
Carbon Developer, Wilks Brothers – Fort Worth, Texas
Voters often invest their hopes in a new government, but the atmosphere feels more like relief
With empathy and goodwill Anthony Albanese’s Labor government can end the inane climate wars
This observation is more whimsy than science, but indulge me for a moment. Australians don’t change the stripe of their federal government that often and when they do, they make an emotional investment in the new regime.
The emotional investment often translates as hope. But this time, the prevailing atmosphere feels more like relief. Relief is adjacent to hope, but it’s not quite the same thing.
Continue reading...California bill to adopt public cap-and-trade banking metrics fails, reforms planned for linkage proposal
The Guardian view on Australia’s election: Labor needs to go bigger on climate | Editorial
Labor won by offering modest environmental policies. It will have to go further in office to deal with the climate emergency
In his victory speech on election night last Saturday, Labor’s Anthony Albanese promised to turn Australia into a “renewable energy superpower” and end a decade of “climate wars”. This was good news. Under rightwing Coalition governments – an enduring alliance between the Liberal and National parties – Australia was seen as a climate pariah on the world stage. The new prime minister will have to do very little to raise his country’s standing.
From a global perspective, Mr Albanese’s most important policy is to cut greenhouse gas emissions by 43% by 2030 compared with 2005 levels. Mr Albanese’s goal is not as ambitious as the UK’s or the EU’s. But it is a marked improvement on the last government and will be well received in neighbouring Pacific nations tired of seeing existential threats from rising sea levels dismissed in Canberra. The Coalition government led by Scott Morrison promised that Australia would reach net zero by 2050, which at best would have seen a 28% cut in climate-altering emissions by the end of the decade. But significantly there were no new policies under that administration to meet this distant objective.
Continue reading...Shell takes swipe at UK for sweetening oil and gas spending over renewables
G7 energy ministers fail to set 2030 coal exit deadline, scale back carbon price ambitions
Oil and gas firms could be barred from credible climate claims guidelines
INTERVIEW: AirCarbon Exchange spies an opportunity after CBL rolled N-GEO vintage contracts
Euro Markets: Midday update
National Farmers Union funding legal challenges to curbs on river pollution
Exclusive: Environmental groups criticise NFU for helping companies to fight Defra rules on nitrates in waterways
Environmental groups have criticised the National Farmers Union for helping hundreds of agricultural businesses to push back against measures designed by the Department for Environment, Food and Rural Affairs to protect vulnerable rivers in the UK.
Working with the specialist consultancy Hafren Water, the NFU has helped at least 200 land users in nearly 40 river basins and groundwater catchments to fight against “nitrate vulnerable zone” designations, according to documents made available to the union’s members.
Continue reading...Under a nest: protected gulls roost on roof of Dorset police car
Officers block access to vehicle to keep pair of herring gulls undisturbed
You may think they have plenty of conventional spots – cliffs, islands, seaside rooftops, chimney pots – to nest on.
But a pair of herring gulls have opted to construct their nest on the roof of a Dorset police car, taking it out of action because they are a protected species and cannot be disturbed.
Continue reading...CN Markets: China CO2 price stable, but economic woes sour outlook
One of UK’s rarest corals set to expand its range as climate change warms seas
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.
Continue reading...ANALYSIS: ‘Carbon neutral’ fuel trades go underground as oil majors fear criticism
Ivory ban loophole means elephant body parts can still be traded in UK
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.
Continue reading...German judges visit Peru glacial lake in unprecedented climate crisis lawsuit
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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