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ANALYSIS: EU doubles down on CCUS as UK’s strategy falters at funding stage

Carbon Pulse - Sat, 2023-09-02 02:37
As the EU starts defining a strategy to kickstart its carbon capture, utilisation and storage (CCUS) industry, the UK government's uncertainty over funding is leading to a loss of momentum in one of the countries that first embraced it.
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Carbon analyst significantly downgrades mid-term EUA price outlook

Carbon Pulse - Sat, 2023-09-02 02:07
A veteran carbon analyst has revised down their forecast for EUA prices out to 2030 in a report exclusively seen by Carbon Pulse, and is now anticipating a much slower growth trajectory out to €200 by the end of the decade.
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Major US agtech startup reportedly sees company value plummet by around 90% amid wider voluntary market slump

Carbon Pulse - Sat, 2023-09-02 01:55
A major US-headquartered agriculture technology startup focused on voluntary carbon has seen its valuation plummet by some 90% from at least $2-3 billion just a few years ago, according to reports.
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Countries call for EU-wide CO2 transport network to be part of bloc’s CCUS strategy

Carbon Pulse - Sat, 2023-09-02 01:27
A number of EU nations have called for the European Commission to develop a shared CO2 transport network as part of the bloc's industrial carbon management strategy initiative, though NGOs contest whether such infrastructure is really needed.
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No mow: is Australia’s long love affair with lawn ending?

The Guardian - Sat, 2023-09-02 01:00

Over centuries lawn has come to dominate not just Australian cities, but cities around the world. Might we be ready for something else?

I am standing in a street not far from my home in Sydney. It is mostly unexceptional – a mix of redbrick detached and semi-detached houses, plantings of melaleucas and scrubby, dark-barked callistemons. Indeed, the only unusual thing is that whereas in most streets around it verges are grass, here there is a small stencil reading “no mow” on the footpath, and, behind it the verge is given over to an assortment of native grasses and low groundcovers instead of lawn.

This verge and others like it are the result of a program initiated by the local council, under which residents are able to ask to have the grass in front of their houses left uncut. That may seem a small change, but it is also symbolic of a larger shift with the place of lawn in Australian cities, and, just possibly, a deeper renegotiation with the relationship the landscape more generally.

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INTERVIEW: Companies should act now to avoid nature disclosure iceberg dead ahead, says Pollination exec

Carbon Pulse - Sat, 2023-09-02 00:36
Corporates and financial institutions can create sizeable market opportunities by being first-movers in addressing the Taskforce on Nature-related Financial Disclosures framework, said the director of a leading consultancy, ahead of the nature disclosure recommendations formal launch in September.
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Exchange-traded product slashes EUA holdings by 27%

Carbon Pulse - Fri, 2023-09-01 23:10
One of the largest exchange-traded products that contains EUAs has slashed its holdings in EU carbon by 27% to their lowest level since the end of last year, according to the investment firm's website.
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UK could quit ‘climate-wrecking’ treaty, minister announces

The Guardian - Fri, 2023-09-01 23:08

Graham Stuart says if reforms to energy charter treaty not passed by November, UK would consider exit

The UK could pull out of the international energy charter treaty if attempts to reform it fail, the energy minister, Graham Stuart, has said.

The energy charter treaty (ECT) is a system of secret courts that enables companies to sue governments over policies that would cut their future profits. Companies have sued over phasing out coal-fired power stations, ending offshore oil drilling and banning fracking, with some receiving large taxpayer-funded payouts.

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FEATURE: The latest, little known front in the energy transition

Carbon Pulse - Fri, 2023-09-01 23:00
Native hydrogen has become the latest buzzword in the great global hydrogen chase, potentially offering a far cheaper option than ‘green’ hydrogen while offering the same decarbonisation benefits, and does not require carbon sequestration or offsetting like the blue version does.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2023-09-01 22:04
Carbon prices were little changed as the new month began, trading in their narrowest range in two months as the market started to absorb the impact of higher auction supply, while energy markets were also little-changed amid healthy gas supplies, even as the prospect of strike action at Australian LNG plants grew.
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CN Markets: CEAs come off peak price level, but volume picks up

Carbon Pulse - Fri, 2023-09-01 20:33
China's national carbon markets saw a surge in trading volume over the past week despite a decrease in spot prices, with analysts expecting the recently announced rules on allowance vintage to have a limited impact on near-term sentiment.
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FEATURE: Complexity of Australia soil carbon calls for software, scale, and long-term thinking

Carbon Pulse - Fri, 2023-09-01 20:09
Australia’s farmland holds great potential for generating Australian Carbon Credit Units (ACCUs), but scaling up the market will require technologies capable of doing complex soil carbon measurement and auditing software to track the increase in soil carbon stock, in addition to willingness from farmers to change their management practices.
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Himalayan avalanches are increasing risk for climbers in warming climate

The Guardian - Fri, 2023-09-01 19:05

Experts warn that global heating is exacerbating inherent dangers of high altitude mountaineering

Avalanches in the Himalayas are causing an increasing number of deaths and threatening the safety of climbers, research suggests.

While high-altitude mountaineering comes with an inherent avalanche risk, global heating is exacerbating the danger during the climbing season in the Himalayan mountain range, experts warn.

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NZ seafood company to roll out NZ$10 mln forest offset project

Carbon Pulse - Fri, 2023-09-01 17:55
One of the largest seafood companies in New Zealand is investing in a forest-based carbon offset programme supported by Maori land owners, as part of its sustainability goals.
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The week in wildlife – in pictures

The Guardian - Fri, 2023-09-01 17:00

The best of this week’s wildlife photographs, including hungry puffins, arctic rabbits and curious bears

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Australia records warmest winter caused by global heating and sunny conditions

The Guardian - Fri, 2023-09-01 16:36

NSW, Queensland and Tasmania experienced hottest winters with spring likely to deliver hotter than average temperatures too

Australia’s winter of 2023 was the warmest since official records began in 1910, with average daily temperatures 1.53C above the long-term average.

According to data from the Bureau of Meteorology released on Friday, the 2023 winter beat the previous record of 1.46C above the average set in 1996. Every winter since 2012 has been warmer than the 30-year average calculated from 1961 to 1990.

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On the last day of winter, Australia reaches record 37.5 pct renewables share for the year

RenewEconomy - Fri, 2023-09-01 15:15

Australia's main grid reached a new 12-month rolling renewables record of 37.5 per cent on Thursday, the last day of winter.

The post On the last day of winter, Australia reaches record 37.5 pct renewables share for the year appeared first on RenewEconomy.

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Are we trying to go forward, or not? Australia’s renewable transition needs clear direction

RenewEconomy - Fri, 2023-09-01 15:02

 Goldwind).Australia needs policy and market clarity if it is to reach its ambitious but attainable renewable energy targets.

The post Are we trying to go forward, or not? Australia’s renewable transition needs clear direction appeared first on RenewEconomy.

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Snowy Hydro boss apologises for cost blowouts, Bowen says it won’t be cancelled

RenewEconomy - Fri, 2023-09-01 14:41

Snowy Hydro penstocks tumut 3 pumped energy storage - optimisedThe head of Snowy Hydro has apologised for large cost blowouts, while energy minister Chris Bowen says it would be a waste to cancel the project after so much has been spent.

The post Snowy Hydro boss apologises for cost blowouts, Bowen says it won’t be cancelled appeared first on RenewEconomy.

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Snowy 2 Much: How can a 2.2GW water battery be worth more than $12 billion?

RenewEconomy - Fri, 2023-09-01 14:35

The Snowy Hydro "reset" comes with no details or analysis. The Australian public, as the ultimate shareholders, must be provided with a comprehensive report, not just a two page media release.

The post Snowy 2 Much: How can a 2.2GW water battery be worth more than $12 billion? appeared first on RenewEconomy.

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