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Exchange-traded fund sells 7.8% of EUA portfolio as investors boost short positions

Carbon Pulse - Thu, 2022-09-22 04:25
The leading exchange-traded fund in compliance carbon markets has sold a significant slice of its holdings in EU allowances, a move coming amid growing investor short positioning as the 27-nation bloc considers drastically boosting the market's near-term supply to help fund its energy transition.
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Massachusetts sees record-high price at September GWSA carbon auction

Carbon Pulse - Thu, 2022-09-22 04:07
Massachusetts’ power sector Global Warming Solutions Act (GWSA) cap-and-trade system saw its current vintage allowance auction clear $5 above the previous sale, while the programme’s second sale for future permits settled a little over half that price, according to results published Wednesday.
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CEOs back plans for zero-emissions pathways for heavy industry

Carbon Pulse - Thu, 2022-09-22 03:40
More than 200 industry leaders backed plans for zero-emissions aluminium, ammonia, steel on Wednesday, offering policymakers a guide for sector-level regulations and investment while providing tools to back the growing momentum behind sectoral mitigation targets at the international level.
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Denmark offers ‘loss and damage’ funding to poorer countries for climate breakdown

The Guardian - Thu, 2022-09-22 03:09

Denmark ‘gets ball rolling’ at UN ahead of protests as poor nations call for greater collective commitment

Youth groups in Africa are preparing to embark on a series of climate demonstrations on Friday to highlight the problem of “loss and damage” to poor countries blighted by climate breakdown, as only one rich country has so far stepped up with funding for the problem.

Actions will take place on Friday in Ghana, Ivory Coast, Senegal, Togo and the Democratic Republic of the Congo, with more to follow in some other African nations over the weekend.

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VCM analytics firm signs deals with brokers to boost customer offering

Carbon Pulse - Thu, 2022-09-22 03:08
A voluntary carbon market (VCM) analytics firm has signed deals to supply its project and offset valuation data to several inter-dealer brokers to help its clients gain better access to the market.
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Verra’s faith “shaken” in IC-VCM, lambasts carbon credit quality guidelines

Carbon Pulse - Thu, 2022-09-22 02:51
The Integrity Council for the Voluntary Carbon Market (IC-VCM) needs a course correction in order to avoid significantly harming the VER space through its plans to assess carbon credit quality, the world’s largest offset standard manager and developer Verra said Wednesday.
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Prince William 'comforted' by support for his environmental work

BBC - Thu, 2022-09-22 02:47
He praised the passion of people supporting the Earthshot environmental prize he helped set up.
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Fracking won’t work in UK says founder of fracking company Cuadrilla

The Guardian - Thu, 2022-09-22 02:00

Chris Cornelius says geology is too challenging and government’s support is merely ‘soundbites’

Fracking in the UK will be impossible at any meaningful scale and will not help with the energy price crisis, the founder of the UK’s first fracking company has warned.

Chris Cornelius, the geologist who founded Cuadrilla Resources, which drilled the UK’s first modern hydraulic fracturing wells in Lancashire, told the Guardian that he believed the government’s support for it is merely a “political gesture”.

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Liz Truss, we support fracking too – that’s why we know it can’t work for Britain | Chris Cornelius and Mark Linder

The Guardian - Thu, 2022-09-22 02:00

The economic and political barriers to fracking here are extremely high. There are better solutions to the energy crisis

In one of her first acts as prime minister, Liz Truss pledged to lift the ban on fracking in England, with the aim of opening up access to Britain’s copious onshore natural gas resources.

You would imagine that we, as the founder and former public affairs director of Cuadrilla Resources, an oil and gas exploration company, would welcome this news. Although we are no longer involved with Cuadrilla, we believe this news is positive. But it is misleading to imply that the announcement will lead to meaningful supply of new gas in the UK in the foreseeable future. And we believe there are other more practicable steps that could be taken to produce significant energy in a timely manner. Here’s why.

Dr Chris Cornelius, an exploration geologist, was the founder of Cuadrilla Resources and Mark Linder was the first public affairs director. Neither has been involved with Cuadrilla for many years.

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Drought threatens UK government’s mass forestry scheme

The Guardian - Thu, 2022-09-22 01:56

Tree project is central to net zero plan, international conference in London hears

The UK government’s tree planting scheme is at risk because of the drought, the chief plant health officer has warned.

Arid conditions have caused heat stress in the young saplings and caused them to become susceptible to disease, Nicola Spence said at the world’s first international plant health conference, held in London on Wednesday.

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Consumers reap rewards of 100 pct renewables as wind and solar farms hand back windfall profits

RenewEconomy - Thu, 2022-09-22 00:44

crookwell stage 3 wind Countryside landscape and wind farm - optimisedOne region in Australia is being shielded from soaring electricity costs because the wind and solar farms that supply it are returning their windfall profits to consumers.

The post Consumers reap rewards of 100 pct renewables as wind and solar farms hand back windfall profits appeared first on RenewEconomy.

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Offset rating agency awards high marks to major Indonesian nature projects

Carbon Pulse - Wed, 2022-09-21 23:44
A carbon credit ratings agency has awarded high grades to two Verra-accredited peatland restoration projects in Indonesia that are among the biggest credit generators in the market.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2022-09-21 23:25
EUA prices dipped below a key technical support on Wednesday as the September options contract neared expiry and as the Ukraine conflict appeared set to continue amid a new Russian buildup of forces, while energy prices also jumped as the crisis showed no signs of ending.
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Ringed Neptune captured by James Webb telescope

BBC - Wed, 2022-09-21 23:22
The super space observatory returns spectacular imagery of the Solar System's most distant planet.
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School uniforms in N America linked to PFAS "forever chemicals"

BBC - Wed, 2022-09-21 22:11
A study of school uniforms in the US and Canada shows high levels of chemical substances linked to health issues.
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TD Bank funds large Canadian forest conservation project, launches carbon advisory business

Carbon Pulse - Wed, 2022-09-21 22:00
One of the big five banks in Canada is backing the country's largest ever private conservation project in exchange for offsets, and is also forming an advisory unit to assist others in carbon market activities, the company announced Wednesday.
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Japan sees progress on DAC, livestock emissions ahead of domestic market launch

Carbon Pulse - Wed, 2022-09-21 20:24
A Japanese research project has produced the nation’s first direct air capture (DAC) test device, while regulators on Wednesday also registered a first livestock manure project under the domestic J-Credit scheme.
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We need to be told the true climate cost of Schumer and Manchin’s pipeline side deal | David Sirota and Julia Rock

The Guardian - Wed, 2022-09-21 20:17

Democrats hailed the Inflation Reduction Act as a climate crisis victory – so why the secrecy over an oil and gas pipelines bill?

As climate change batters America with heatwaves, droughts and floods, lawmakers should be asking a simple question about any bill: does it increase or decrease the greenhouse gas emissions that are fueling the ecological emergency?

Somehow, though, that query is still not being asked right now in Washington, even as Democratic leaders are promising to advance a bill to gut environmental laws and expedite oil and gas pipelines.

David Sirota is a Guardian US columnist and an award-winning investigative journalist. He is an editor at large at Jacobin, and the founder of The Daily Poster. He served as Bernie Sanders’s presidential campaign speechwriter

Julia Rock is a reporter for The Lever

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Australia’s once in a generation lithium opportunity

RenewEconomy - Wed, 2022-09-21 20:01

Australia is at the start of a globally significant investment boom. Its top 5 pure-play lithium firms have a collective market value of more than $A50 billion.

The post Australia’s once in a generation lithium opportunity appeared first on RenewEconomy.

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‘What are they thinking?’: toxic ‘forever chemicals’ found in school uniforms

The Guardian - Wed, 2022-09-21 20:00

More than a third of children’s clothing tested in a study detected PFAS, which are used to make textiles stain resistant

Toxic PFAS chemicals are frequently used to make children’s clothing and textiles resist water and stains, but exposure to the compounds in clothes represents a serious health risk, a new peer-reviewed study finds.

The study, published in the Environmental and Science Technology journal, detected the chemicals in 65% of school uniforms, rain gear, snowsuits, snowshoes, mittens, bibs, hats and stroller covers tested, and at levels authors characterized as “high”.

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