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Euro Markets: Midday Update

Carbon Pulse - Fri, 2022-07-29 21:31
EUAs drifted on Friday morning as the market consolidated after the previous session's near-4% gain, holding above a key technical support as energy markets pared the week's strong rises.
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Fears that Egypt may use Cop27 to whitewash human rights abuses

The Guardian - Fri, 2022-07-29 20:28

Naomi Klein and Caroline Lucas among signatories to letter voicing concerns over country’s hosting of climate summit

A hundred days before the Cop27 summit is due to start in Sharm el-Sheikh, a group of environmentalists and activists have expressed alarm over Egypt’s ability to host the event successfully because of its poor record on human rights, as thousands of prisoners of conscience remain behind bars.

“We are deeply concerned that [a successful conference] will not be possible due to the repressive actions of the Egyptian government,” they said. “Indeed, it seems more likely at this point that the conference will be used to whitewash human rights abuses in the country.”

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CN Markets: CEA price barely changes amid lukewarm sentiment

Carbon Pulse - Fri, 2022-07-29 19:40
The spot price for Chinese carbon allowances barely moved over the past week due to lukewarm market sentiment, while the offset sector experienced a breath of fresh air from the Guangzhou bourse.
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China rocket: Uncontrolled return to Earth raises concern

BBC - Fri, 2022-07-29 19:38
It's very unlikely to hit a populated area but raises questions about countries' handling of space junk.
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Nepal’s tiger numbers recover but attacks on people cause alarm

The Guardian - Fri, 2022-07-29 19:33

Nepalese population of Bengal tigers has nearly tripled in 12 years and conflict with humans is increasing

Nepal’s tiger population has nearly tripled in 12 years, the country’s prime minister has announced. But concerns about the human cost of the big cat’s recovery are growing after a rise in fatal attacks.

From a low of 121 in 2010, the Nepalese population of Bengal tigers has risen to 355, according to the latest survey, revealed by the prime minister, Sher Bahadur Deuba, to mark International Tiger Day on Friday.

Find more age of extinction coverage here, and follow our biodiversity reporters Phoebe Weston and Patrick Greenfield on Twitter for all the latest news and features.

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Southern Water announces hosepipe ban amid UK drought fears

The Guardian - Fri, 2022-07-29 19:31

Ban introduced for Hampshire and Isle of Wight after driest July in England since 1911

Southern Water has become the first mainland UK utilities company to announce drought measures, including a hosepipe ban, after record dry temperatures across the country.

A hosepipe ban will be implemented in Hampshire and the Isle of Wight to protect the River Test and River Itchen as they hit low levels owing to lack of rainfall. About 1.5 million people are expected to be affected by the measures.

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China’s Hainan to develop first blue carbon projects as trading platform launch nears

Carbon Pulse - Fri, 2022-07-29 18:08
The government of China’s Hainan province has issued a plan to roll out its first batch of blue carbon projects as plans move ahead to launch a purely ocean and marine-based offset exchange on the island later this year.
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The week in wildlife – in pictures

The Guardian - Fri, 2022-07-29 17:00

The best of this week’s wildlife pictures, including a released spider monkey, deep sea creatures and a jagged ambush bug

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Mining outfit signs deal to use blockchain platform to certify carbon neutral pig iron

Carbon Pulse - Fri, 2022-07-29 16:45
An ASX-listed mining company has signed an agreement with an Australian tech company focused on sustainability to provide Guarantee of Origin (GO) certification for the full supply chain and production of “green” pig iron.
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UPDATE – NZ govt likely to delay decision on exotics ETS ban  

Carbon Pulse - Fri, 2022-07-29 16:34
The New Zealand government has indicated that it is unlikely to implement a ban on permanent exotic plantings in its ETS next year, sparking outrage from the agricultural industry.
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How climate change is melting the Alps’ glaciers – in pictures

The Guardian - Fri, 2022-07-29 16:00

Most of the world’s mountain glaciers are retreating because of the climate crisis, but those in the European Alps are especially vulnerable. Smaller and with less ice cover, this year they are on track for their highest loss of mass in at least 60 years of record keeping

From the way 45-year-old Swiss glaciologist Andreas Linsbauer bounds over icy crevasses, you would never guess he was carrying 10kg of steel equipment needed to chart the decline of Switzerland’s glaciers.

Glaciologist Andreas Linsbauer and assistant Andrea Millhaeusler drill a hole at a measuring point on the Pers glacier, near the Alpine resort of Pontresina

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Farmers warn 'if the rain doesn't come we're really in trouble'

BBC - Fri, 2022-07-29 15:10
The recent dry weather is causing problems for farmers in the East of England.
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Origin reports LNG earnings windfall, but is still scratching around for coal

RenewEconomy - Fri, 2022-07-29 14:39

Origin reports windfall gains from gas generation, a $2.2 billion hit from the electricity market crisis crunch, and is still seeking coal to feed its biggest generator.

The post Origin reports LNG earnings windfall, but is still scratching around for coal appeared first on RenewEconomy.

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CSIRO reminds our leaders that it’s the climate science that counts

RenewEconomy - Fri, 2022-07-29 14:31

Australia's bushfire threat is beyond 'worst case scenario's experts say. (AAP Image/Darren Pateman)If Australia legislates its climate targets and then misses them, what happens? The CSIRO "future world" report reminds us the outlook is grim.

The post CSIRO reminds our leaders that it’s the climate science that counts appeared first on RenewEconomy.

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Invasive species bullfrog and snake cost world $16bn - study

BBC - Fri, 2022-07-29 14:27
The American bullfrog and brown tree snake damage crops, cause power outages, and disrupt ecosystems.
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UK's 40C heatwave 'basically impossible' without climate change

BBC - Fri, 2022-07-29 13:51
Human-caused climate change made the high temperatures last week much more likely, say scientists.
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Two cheers for the tightening of the safeguard mechanism

RenewEconomy - Fri, 2022-07-29 12:58

emissions-smoke-stack-research-sustainability---canva-EditTightening safeguards is sound policy, but misses easy pickings from electricity and transport, and risks being rendered pointless by new coal and gas projects.

The post Two cheers for the tightening of the safeguard mechanism appeared first on RenewEconomy.

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“We make good money for a great service:” Big batteries boost Neoen profits and outlook

RenewEconomy - Fri, 2022-07-29 12:51

big battery neoen tesla victoriaNeoen trebles earnings from its Australian big batteries, helped by new Victorian Big Battery and the volatile markets.

The post “We make good money for a great service:” Big batteries boost Neoen profits and outlook appeared first on RenewEconomy.

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Paved highway to run through Amazon gains initial approval in Brazil

The Guardian - Fri, 2022-07-29 12:22

Fears that turning muddy route BR-319 into an all-season road will make it an artery for illegal logging and deforestation

Brazil’s environmental authority has granted an initial permit to allow a major highway to be paved through the centre of the Amazon rainforest, the minister of infrastructure said, in a move that threatens to increase deforestation.

On the campaign trail, Brazil’s rightwing president, Jair Bolsonaro, had pledged to repave the road, called BR-319, that would connect the largest Amazon city of Manaus year-round to the rest of Brazil.

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Race on to build renewable “superhighway” as network makes case for VNI West

RenewEconomy - Fri, 2022-07-29 11:45

transmission towersTransgrid and AEMO make case for VNI West as best option for linking north-west Victoria and south-east NSW, promise nearly $700m in net benefits.

The post Race on to build renewable “superhighway” as network makes case for VNI West appeared first on RenewEconomy.

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