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Euro Markets: Midday Update
ANALYSIS: South Korea faces offset issuance gap after Glasgow, while Japan gets clarity on market plans
Carbon Farming Project Manager, Climate Friendly – Western QLD, Australia
Senior / Carbon Trader, RGE – Singapore
Nations pledge to adjust voluntary units, not use pre-2020 offsets
NZ utility wants new entity to operate and shut down thermal power assets
The planet is on the clock and Australia has an inexplicable position on climate – it really isn’t funny | Katharine Murphy
Morrison government can’t lie to all the people all of the time without devaluing its currency
When it comes to climate policy, it’s never prudent to say we’ve hit peak preposterous, because this is Australia. There are always new depths to plumb.
But we were certainly peak preposterous adjacent on Monday when Scott Morrison and Angus Taylor attempted to explain why Australia had just signed a commitment to look at its 2030 emissions reduction target – but our target wouldn’t be changing because it was both immutable and completely redundant.
Continue reading...China thermal power growth slides in October amid energy consumption curb
Do not despair – the Cop26 agreement contains three major victories | Christiana Figueres
We have to change the entire global economy to combat the climate crisis. We’re not there yet, but we are getting closer
If a bus were hurtling towards a child in the middle of the road, no one nearby would take merely one step to get that child out of the way. They would rush, at speeds previously unbeknownst to them, using every muscle in their body, to get that child to safety.
On the climate crisis, a bus is careering toward us and we have still not flexed all our muscle power to get ourselves or future generations to safety.
Christiana Figueres was head of the UN climate change convention that achieved the Paris agreement in 2015, and is the author of The Future We Choose.
Continue reading...Thousands prepare to evacuate as Wyangala Dam dramatically overflows – video
Thousands of people in the New South Wales central west have been warned to prepare to evacuate as the Lachlan River threatens to flood after heavy rain lashed the state
Continue reading...Greenhouse gases: waste and recycling rates ‘could stop UK net zero goal’
Exclusive: experts tell government without action stagnating recycling rates and waste incineration will impede 2050 target
Rising greenhouse gas emissions from the incineration of waste and stagnating recycling rates will stop the UK reaching net zero by 2050, according to analysis presented to government.
Experts who advise ministers on key areas of infrastructure spending highlight waste and recycling as a key area of concern.
Continue reading...Just 124 people own most of England’s deep peat – its largest carbon store
New report says burning and draining of peatland by grouse moor estates and others adding to climate disaster
Just 124 landowners own the majority of England’s deep peat – its single largest carbon store – new analysis has found.
From the low-lying wetlands of the Fens, to the bogs of the North York Moors, 450,000 hectares (1m acres) of peat soils store 584m tonnes of carbon, according to Natural England, equivalent to the annual emissions from 540 coal-fired power stations in the US.
Continue reading...Here’s something you can’t ignore, says tampon plastics activist
Ella Daish to hand Procter & Gamble giant Tampax applicator, made from 1,200 discarded contributions
A British environmental activist is stepping up her campaign against single-use plastics in period products by calling on the world’s bestselling manufacturer of tampons to make greener alternatives.
Ella Daish, the founder of the #EndPeriodPlastic campaign, will go to the European headquarters of Tampax-maker Procter & Gamble in Geneva on Monday to present executives with a giant tampon applicator, made of 1,200 discarded Tampax applicators found littering British waterways, rivers and beaches.
Continue reading...Ratchets, phase-downs and a fragile agreement: how Cop26 played out
Last-minute hitch on coal almost reduced Alok Sharma to tears as Glasgow climate pact made imperfect progress
As weary delegates trudged into the Scottish Event Campus on the banks of the Clyde on Saturday, few realised what a mountain they still had to climb. The Cop26 climate talks were long past their official deadline of 6pm on Friday, but there were strong hopes that the big issues had been settled. A deal was tantalisingly close.
The “package” on offer was imperfect – before countries even turned up in Glasgow they were meant to have submitted plans that would cut global carbon output by nearly half by 2030, to limit global heating to 1.5C above pre-industrial levels. Although most countries submitted plans, they were not strong enough and analysis found they would lead to a disastrous 2.4C of heating.
Continue reading...South Australia renewable hydrogen hub wins Japanese backing
A green hydrogen pilot project being developed by Marubeni Corp and the South Australian government has won the backing of the Japanese government.
The post South Australia renewable hydrogen hub wins Japanese backing appeared first on RenewEconomy.
Australia hails COP26 “green light for more coal,” won’t budge on 2030 target
With the ink barely dry on Glasgow Climate Pact, the Morrison government settled straight back into its domestic routine of climate obfuscation and obstruction.
The post Australia hails COP26 “green light for more coal,” won’t budge on 2030 target appeared first on RenewEconomy.
Wind and solar grab more than 60pct share of Australia’s main grid for first time
Renewables hit record share of Australia's main grid on Monday morning, with wind and solar alone grabbing more than 60 per cent for first time.
The post Wind and solar grab more than 60pct share of Australia’s main grid for first time appeared first on RenewEconomy.
South Australia curtailed nearly as much wind and solar on Sunday as it used
South Australia produced nearly twice as much wind and solar as it could use, with curtailment records around the main grid.
The post South Australia curtailed nearly as much wind and solar on Sunday as it used appeared first on RenewEconomy.
Scott Morrison rules out more ambitious 2030 emissions target despite Cop26 pact
Prime minister says Australians will be working in the coal industry ‘for decades to come’
The prime minister, Scott Morrison, has ruled out adopting a more ambitious 2030 emissions reduction target, dismissing calls from moderate MPs who want Australia to revisit its commitment at next year’s UN climate summit.
Under the Glasgow pact arising from this month’s Cop26 summit, Australia was a signatory to a joint “request” for countries to re-examine and strengthen 2030 targets when countries return to the negotiating table at Cop27 in Egypt.
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