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Emitters bolster CCA holdings as July contract expires, financial firms keep positions steady

Carbon Pulse - Sat, 2021-08-07 06:42
WCI regulated entities increased their California Carbon Allowance (CCA) cumulative position this week as the July contract expired, while speculators maintained holdings amid rising prices on the secondary market.
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‘Low point’ in world heritage committee history as politics ‘tramples’ human rights of the Karen people

The Guardian - Sat, 2021-08-07 06:00

An ‘unholy pact’ and several politically fuelled decisions have UN advisers to Unesco concerned the committee is not acting to protect the world’s most special places

Along Thailand’s border with Myanmar, in rich forests filled with rare plants and animals, the indigenous Karen people are fighting for the right to live on their traditional land.

Last month, the UN’s human rights agency said the Karen continued to be forcibly evicted from the Kaeng Krachan forests. Thailand’s application to inscribe the forests as a world heritage site must be denied, the agency said.

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Tech sector seen paying above $100/t for offsets to help scale removals

Carbon Pulse - Sat, 2021-08-07 04:47
The tech sector favours expensive carbon removals as part of its voluntary climate action to help drive essential technologies to scale, according to a new intermediary focused exclusively on sourcing those types of carbon credits.
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UK ministry with climate remit took 612 domestic flights since 2019

The Guardian - Sat, 2021-08-07 03:30

FoI request shows BEIS employees and ministers took the flights after signing of net zero emissions target

Employees at the government department responsible for tackling climate change have taken 612 domestic flights since June 2019, when the UK signed the net zero emissions target into law, figures show.

Of the total flights taken – which are single journeys and do not include travel to Northern Ireland – by the Department for Business, Energy and Industrial Strategy (BEIS), 34 of them were by government ministers.

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Oregon sets allocation levels for three largest natural gas suppliers in draft cap-and-reduce rule

Carbon Pulse - Sat, 2021-08-07 02:54
Oregon’s Department of Environmental Quality (DEQ) released a draft cap-and-reduce programme rulemaking on Thursday that sets allowance allocation levels for natural gas suppliers, along with methodologies for other regulated parties under the market-based scheme. 
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EU’s Modernisation Fund grants first €300 mln to three Central European nations

Carbon Pulse - Sat, 2021-08-07 02:09
The EU ETS-financed Modernisation Fund has made its first €300 million in payments to three Central and Eastern EU nations to help finance six decarbonisation projects, the European Commission announced on Friday.
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US Carbon Pricing and LCFS Roundup for week ending August 6, 2021

Carbon Pulse - Sat, 2021-08-07 02:05
A summary of legislative and regulatory action on carbon pricing, clean fuel standards, and clean energy at the US subnational and federal level this week, including developments in Massachusetts, New Hampshire, and California.
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Johnson’s coalmine quip shows he thinks the climate crisis is a joke | Ellie Mae O’Hagan

The Guardian - Sat, 2021-08-07 00:00

The prime minister was asked about his plans for transitioning away from fossil fuels. He chose to distract, not answer

Allow me to let you in on a little secret. Many people working in politics and the media openly discuss the fact that Boris Johnson’s gaffes are entirely calculated. I once met someone who used to work for him and they told me that before he appears in the media, Johnson ruffles his hair to ensure he appears more dishevelled than he actually is.

This ruse has been useful to our prime minister throughout his political career. It has helped him to climb the greasy pole without facing any consequences for accusations of serial lying, allegations of bigotry or his involvement in the planned assault of a journalist. And it is what we must bear in mind when we consider his latest comments on the closure of British coal mines.

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The week in wildlife – in pictures

The Guardian - Fri, 2021-08-06 22:40

The best of this week’s wildlife pictures, including baby pandas, common red soldier beetles and flight from wildfires

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2021-08-06 21:49
EUA prices surged to a new one-month high early on Friday as natural gas led a market-wide rally in energy and the daily auction cleared in line with prevailing spot market prices.
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Dead zones spread along Oregon coast and Gulf of Mexico, study shows

The Guardian - Fri, 2021-08-06 19:00

Agricultural runoff from farms and livestock operations creates oxygen-depleted areas inhospitable to animal and plant life

Scientists recently surveyed the bottom of the Gulf of Mexico around Louisiana and Texas and what they discovered was a larger-than-average area of oxygen-depleted water – a “dead zone” where nothing can live.

National Oceanographic and Atmospheric Administration (NOAA) scientists announced their findings this week: about 4m acres of habitat in the Gulf are unusable for fish and bottom-dwelling species. The researchers had estimated a smaller dead zone this year, predicting an average-sized area.

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Johnson’s muddle over Covid is a foretaste of his thinking on climate change. Be afraid | Gaby Hinsliff

The Guardian - Fri, 2021-08-06 19:00

The prime minister’s core belief is that things will work out, and there’s no need for a plan B. We’ve seen how that works

First came the plague, then the flood, and now the fire. This has been a biblical summer, one where the doomsday warnings of climate scientists have felt increasingly close to the bone.

Horror stories of Chinese commuters drowning as underground train tunnels suddenly filled with water have merged uncomfortably in our imaginations with images of flash floods in east London, wildfires burning up the Turkish coast and a Canadian heatwave so fierce it cooked mussels in their shells on the beach.

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CN Markets: CEA liquidity dries up, as speculators lend support to offset prices

Carbon Pulse - Fri, 2021-08-06 17:56
The Chinese Carbon Emissions Allowance (CEA) price rebounded from a week earlier while trading activities continued to shrink, a sign that market observers said shouldn’t be read into too much because of limited participants on the market.
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Reduce methane or face climate catastrophe, scientists warn

The Guardian - Fri, 2021-08-06 16:00

Exclusive: IPCC says gas, produced by farming, shale gas and oil extraction, playing ever-greater role in overheating planet

Cutting carbon dioxide is not enough to solve the climate crisis – the world must act swiftly on another powerful greenhouse gas, methane, to halt the rise in global temperatures, experts have warned.

Leading climate scientists will give their starkest warning yet – that we are rushing to the brink of climate catastrophe – in a landmark report on Monday. The Intergovernmental Panel on Climate Change will publish its sixth assessment report, a comprehensive review of the world’s knowledge of the climate crisis and how human actions are altering the planet. It will show in detail how close the world is to irreversible change.

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Landmark FOI ruling could shed new light on Taylor’s big energy market ploy

RenewEconomy - Fri, 2021-08-06 15:54

legal angus taylor investigation - optimised policeState and territory energy ministers may be freed from federal cabinet confidentiality rules, following a landmark FOI ruling.

The post Landmark FOI ruling could shed new light on Taylor’s big energy market ploy appeared first on RenewEconomy.

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Offshore wind adds new option to Australia’s future grid, and Morrison’s Glasgow play

RenewEconomy - Fri, 2021-08-06 15:49

Offshore wind is emerging as a major new player in Australia's renewable transition, and could be part of Morrison's Glasgow offerings.

The post Offshore wind adds new option to Australia’s future grid, and Morrison’s Glasgow play appeared first on RenewEconomy.

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To fix unequal rooftop solar benefits, there’s a better way than taxes

RenewEconomy - Fri, 2021-08-06 15:15

Rather than a solar tax, we should keep growing the solar pie, and improve benefit sharing through technologies like community batteries.

The post To fix unequal rooftop solar benefits, there’s a better way than taxes appeared first on RenewEconomy.

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Global green hydrogen supply is surging, but can demand keep pace?

RenewEconomy - Fri, 2021-08-06 13:54

hydrogen refuelling - canva - optimisedGlobal market for renewable hydrogen production is surging BloombergNEF says. The next challenge is to work out what to do with it.

The post Global green hydrogen supply is surging, but can demand keep pace? appeared first on RenewEconomy.

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‘Mega-drought’ leaves many Andes mountains without snow cover

The Guardian - Fri, 2021-08-06 10:19

Satellite images confirm snow decrease spurred by climate crisis as glaciers recede and communities reliant on mountain water face shortages

The Andes mountain range is facing historically low snowfall this year during a decade-long drought that scientists link to global heating.

Scant rain and snowfall are leaving many of the majestic mountains between Ecuador and Argentina with patchy snow cover or no snow at all as dry, brown earth lies exposed.

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The wind farm where turbines shut down 400 times a day when eagles approach

RenewEconomy - Fri, 2021-08-06 09:07

Tasmania wind farm has been making progress on one of the industry’s most divisive issues: turbine-related bird deaths.

The post The wind farm where turbines shut down 400 times a day when eagles approach appeared first on RenewEconomy.

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