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CN Markets: CCER volumes soar to new high, but policy uncertainty creates headaches for traders

Carbon Pulse - Fri, 2021-07-02 22:36
More than 12 million Chinese Certified Emissions Reductions (CCERs) traded across all platforms in the Chinese market in June, setting a new record, but the ETS delay and lack of clarity about future offset issuances is creating challenges for traders.
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Trading house Mercuria launches new environmental products team led by oil major veterans

Carbon Pulse - Fri, 2021-07-02 22:19
Swiss commodities trading house Mercuria has launched on environmental products, launching a new business led by veteran market players, many of whom have recently left oil majors including BP and Shell, Carbon Pulse has learned.
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Private sector faces growing threat of climate-related litigation -report

Carbon Pulse - Fri, 2021-07-02 21:46
Private sector companies are likely to face more legal challenges seeking to force them to adopt more ambitious emissions-cutting policies in the coming years, as climate-related litigation increases “dramatically”, according to a report published Friday.
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COMMENT: We need to talk about the EU’s carbon market

Carbon Pulse - Fri, 2021-07-02 21:30
If Europe is serious about remaining a frontrunner in meeting the objectives of the Paris Agreement, then it urgently needs an ambitious EU ETS reform to clean up its historic addiction to free handouts so the practices of sustainable frontrunners become the market norm, argues Leon de Graaf of #SustainablePublicAffairs.
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The week in wildlife – in pictures

The Guardian - Fri, 2021-07-02 21:06

The best of this week’s wildlife pictures, including a newborn baby gorilla, a rare giant muntjac and a harpy eagle

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Red squirrels and pine martens could lose protection in UK review, say experts

The Guardian - Fri, 2021-07-02 21:00

Adders and slow worms also among species possibly affected by changes that could help property developers

Legal protections for wildlife and plants in the UK are set for a review that could result in some important species losing their entitlement to special status, ecology experts have told the Guardian.

Adders, slow worms, water voles, mountain hares, pine martens and red squirrels are among the species experts have warned could be affected, after unexpected changes to the government’s review process that will raise the bar on how rare and under threat an animal needs to be to gain legal safeguards.

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Carbon Offset Project Manager, Tullow Oil – London

Carbon Pulse - Fri, 2021-07-02 20:27
We are looking to hire an experienced hands-on Carbon Offset Project Manager on a permanent basis. Location for the role is based at our London office, and we are happy to consider non-UK citizens that are willing to relocate. There would also be regular travel to Africa.
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Municipal govt confirms company caught falsifying China ETS data

Carbon Pulse - Fri, 2021-07-02 20:10
The municipal government of Wuhai city in Inner Mongolia on Friday released documentation showing that provincial authorities have issued administrative punishment to a company for falsifying data related to its CO2 allocation under China’s national emissions trading scheme.
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The scientists hired by big oil who predicted the climate crisis long ago

The Guardian - Fri, 2021-07-02 20:00

Experts’ discoveries lie at the heart of two dozen lawsuits that hope to hold the industry accountable for devastating damage

As early as 1958, the oil industry was hiring scientists and engineers to research the role that burning fossil fuels plays in global warming. The goal at the time was to help the major oil conglomerates understand how changes in the earth’s atmosphere may affect the industry – and their bottom line. But what top executives gained was an early preview of the climate crisis, decades before the issue reached public consciousness.

What those scientists discovered – and what the oil companies did with that information – is at the heart of two dozen lawsuits attempting to hold the fossil fuel industry responsible for their role in climate change. Many of those cases hinge on the industry’s own internal documents that show how, 40 years ago, researchers predicted the rising global temperatures with stunning accuracy. But looking back, many of those same scientists say they were hardly whistleblowers out to take down big oil.

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Beavers set to be released in London as part of urban rewilding

The Guardian - Fri, 2021-07-02 20:00

Citizen Zoo plans to reintroduce animals in Tottenham as part of effort to ‘beaver up’ the capital

Beavers are set to be released in London in the UK’s most significant urban reintroduction, the Guardian can reveal.

It is hoped the rodents, which went extinct in the UK 400 years ago after being hunted for their fur and an oil they produce, will be brought to a site in Tottenham.

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Study suggests bacteria in cow’s stomach can break down plastic

The Guardian - Fri, 2021-07-02 19:14

Scientists find micro-organisms from the bovine stomach have ability to degrade polyesters in lab setting

Bacteria found in one of the compartments of a cow’s stomach can break down plastic, research suggests.

Since the 1950s, more than 8bn tonnes of plastic have been produced – equivalent in weight to 1 billion elephants – driven predominantly by packaging, single-use containers, wrapping and bottles. As a result, plastic pollution is all-pervasive, in the water and in the air, with people unwittingly consuming and breathing microplastic particles. In recent years, researchers have been working on harnessing the ability of tiny microscopic bugs to break down the stubborn material.

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Analyst, Finance and Investment for Climate Action, OECD – Paris

Carbon Pulse - Fri, 2021-07-02 18:17
Application Closing Date: 01-08-2021, 10:59:00 PM The Organisation for Economic Co-operation and Development (OECD) is an international organisation comprised of 38 member countries, that works to build better policies for better lives. Our mission is to promote policies that will improve the economic and social well-being of people around the world. Together with governments, policy […]
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AER settles legal action against Neoen and Pacific Hydro over SA blackout

RenewEconomy - Fri, 2021-07-02 15:08

Neoen and Pac Hydro settle legal action brought by the AER relating to South Australian blackout, agreeing to pay fines.

The post AER settles legal action against Neoen and Pacific Hydro over SA blackout appeared first on RenewEconomy.

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Nature is a public good. A plan to save it using private markets doesn't pass muster

The Conversation - Fri, 2021-07-02 14:21
The federal budget included $32 million to promote schemes in which farmers who adopt sustainable practices earn money on private markets. Evidence suggests the approach is plagued with problems. Philippa England, Senior Lecturer, Griffith Law School, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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Rooftop solar systems are getting bigger, and now average 8.7kW

RenewEconomy - Fri, 2021-07-02 14:19

Australia rooftop solar systems are now bigger than ever, with the rush of business installations pushing average sizes to more than 8.7kW.

The post Rooftop solar systems are getting bigger, and now average 8.7kW appeared first on RenewEconomy.

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Did AEMO just kill off the market for battery-based Virtual Power Plants?

RenewEconomy - Fri, 2021-07-02 14:18

Electricity network company Ausgrid has successfully completed a trial of its virtual power plant platform, and intends to roll-out the technology into more parts of the company's network and to more customers. Ausgrid had partnered with Australian VPP provider Reposit, to trial a 1MW project across more than 230 customers located across Sydney, the Central cost and the Hunter region. The project allowed for the coordination of household battery storage systems, to help meet grid demand when it was needed most. Using the Reposit platform, Ausgrid was able to send dispatch signals to hundreds of residential battery storage systems, allowing for additional electricity supplies to be added to the grid, with owners paid for the electricity exported. By aggregating and coordinating many otherwise small systems together, the virtual power plant was able to provide a comparatively substantial response for the energy market during periods of tight supply. Under the trial, around 230 systems were combined to provide up to 1 MW of additional capacity. “This is a ground-breaking program for Ausgrid and not only helps customers, it helps the grid. This trial has proven at times of high demand we can call on our VPP to provide additional supply and reduce demand," Ausgrid chief customer officer Rob Amphlett Lewis said. “By partnering with Reposit Power and our customers we’ve been able to give customers more choice about how they share their excess electricity and give them a better return on their investment.” Across the four month Power2U trial, customers were paid an average of $30, with each customer participating in an average of seven dispatch events. “By collaborating with our customers and industry partners we were able to deliver financial savings and unlock previously unexplored options for sharing energy," Amphlett Lewis added. “In the long term this technology could provide a lower cost alternative to grid investment, which would result in lower bills for all our customers.” Canberra-based Reposit Power has developed a combined hardware and software solution that supports the coordination of residential battery storage systems as part of a larger virtual power station. "We are delighted this trial has shown the enormous value of our clean, flexible and cost effective VPPs to individual households as well as the wider community," Reposit co-founder and CEO Dean Spaccavento said. “This technology is now empowering consumers and communities to make the best choice on how they share their energy." Last week, the Australian Energy Market Commission (AEMC) released an information paper that it hopes will help energy companies to begin preparing for a 'digital disruption' to the energy sector, with the energy sector rapidly transforming into a two-way market where consumers are gaining more control and influence over how their electricity is used and generated. Ausgrid sees the emergence of VPP platforms as playing a key part of this transformation. “In the age of disruption where sharing technology is changing how we operate – we see Ausgrid as being to energy what the internet is to global tech giants like Amazon and Google," Amphlett Lewis said. “We are the caretaker of a shared asset that, just like the internet, holds the key to unlocking greater competition in the energy sector.” The South Australian government is currently building its own virtual power plant, which has already served an important role in maintaining reliable supply to customers when supplies have been interrupted elsewhere in the electricity grid. The South Australian government has ambitions to grow the VPP to as many as 50,000 interconnected battery systems, providing as much as 250MW of dispatchable energy supply. The ACT government likewise has its own, albeit smaller, plans to support the deployment of up to 5,000 residential battery systems, providing the territory with up to 36MW of dispatchable storage capacity.AEMO has made it harder for battery-based VPPs and distributed energy resources to participate in the important frequency control markets.

The post Did AEMO just kill off the market for battery-based Virtual Power Plants? appeared first on RenewEconomy.

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Transcript: Chris Bowen interview on the Energy Insiders podcast

RenewEconomy - Fri, 2021-07-02 12:56

Transcript of Labor climate and energy spokesman Chris Bowen's interview on the Energy Insiders podcast.

The post Transcript: Chris Bowen interview on the Energy Insiders podcast appeared first on RenewEconomy.

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Bowen: “We need to electrify everything we can,” but focus will be on policies, not targets

RenewEconomy - Fri, 2021-07-02 12:21

Shadow Minister for Climate Change Chris Bowen. (AAP Image/Mick Tsikas)Bowen says Labor still not ready to talk climate and renewables targets, but the intent is clear: "We have to electrify everything we can".

The post Bowen: “We need to electrify everything we can,” but focus will be on policies, not targets appeared first on RenewEconomy.

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Energy Insiders Podcast: Chris Bowen on Labor’s policies, not targets climate pitch

RenewEconomy - Fri, 2021-07-02 10:46

Labor climate change and energy spokesperson Chris Bowen. (AAP Image/Mick Tsikas).Labor climate and energy spokesman Chris Bowen on his solar stunt, and why Labor will take a policies, not targets pitch to electorate.

The post Energy Insiders Podcast: Chris Bowen on Labor’s policies, not targets climate pitch appeared first on RenewEconomy.

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Great Barrier Reef: leading scientists praise Unesco’s ‘in danger’ warning

The Guardian - Fri, 2021-07-02 10:36

Group of reef and climate scientists say world heritage warning merited and Australia has not ‘pulled its weight on emissions’

Five of the world’s leading reef and climate scientists have thanked Unesco for recommending the Great Barrier Reef be listed as world heritage “in danger”, saying it was the right decision in part because Australia had not “pulled its weight” in reducing emissions.

The group of scientists, including the Australian professors Ove Hoegh-Guldberg and Terry Hughes, wrote to the UN body on Thursday saying the recommendation to downgrade the 2,300-km reef system’s world heritage status was “the right decision”.

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