Around The Web

The water regulator finally wakes up to the stench of the sewage scandal

The Guardian - 2 hours 37 min ago

With half the sector now in its sights Ofwat is right to start talking tough

Has Ofwat woken from its slumbers? There are encouraging signs. On the troubled issue of sewage – specifically, the vast quantities of the stuff pumped into rivers – the water regulator in England and Wales is suddenly talking as if it means business.

“From what we have seen so far, the scale of the issue here is shocking,” said David Black, chief executive, in unusually strong language as he added South West Water, owned by quoted group Pennon, to the list of firms targeted with enforcement cases connected to the management of treatment works.

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Voluntary Carbon Solutions Originator, Energy Marketing, Mitsui Bussan Commodities Limited – London (Hybrid)

Carbon Pulse - 3 hours 53 min ago
You will build on a long established and successful carbon markets business to establish and grow MBCL’s activities in Voluntary Carbon Markets. You will be working with clients and prospects to provide Carbon Neutral and Net-Zero solutions, supporting clients by calculating their emissions and requirements for carbon credits.
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Offset ratings agency downgrades REDD project, keeps on “ratings watch”

Carbon Pulse - 4 hours 2 min ago
A carbon credit rating agency has downgraded a REDD forest protection project in its latest update, but also left the activity open for further review.
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CME adds trailing futures to pick up VCM offsets outside of the roll

Carbon Pulse - 5 hours 53 min ago
CME Group is adding two new voluntary carbon market futures contracts to cover vintages no longer eligible for delivery on its existing rolling contracts, the exchange operator announced Tuesday.
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‘Mammoth’ DAC plant in the works as removals firm looks to splash equity raise

Carbon Pulse - 6 hours 35 min ago
A firm specialising in building and operating direct air capture (DAC) facilities has said it will build its largest plant following a large equity raise earlier this year, as it targets multi-million tonnes of carbon removal capacity by 2030.
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How Labor might transform Abbott’s climate policy and actually cut industrial emissions

RenewEconomy - 6 hours 57 min ago

Minister for Climate Change and Energy Chris Bowen speaks to media during a press conference at Parliament House in Canberra, Thursday, June 2, 2022. (AAP Image/Mick Tsikas) NO ARCHIVINGLabor will rely on Abbott-era climate policy to deliver the bulk of emissions cuts to hit its 2030 target. It must avoid making the same policy mistakes.

The post How Labor might transform Abbott’s climate policy and actually cut industrial emissions appeared first on RenewEconomy.

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G7 agrees on ‘inclusive’ climate club, shies away from carbon price unison

Carbon Pulse - Tue, 2022-06-28 22:44
G7 leaders wrapped up their three-day summit on Tuesday with German ​​Chancellor Olaf Scholz touting an agreement on a new international climate club, while leaders also noted the requirement for greater fossil investment in the face of Russia’s invasion of Ukraine.
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Coal recovery hobbles renewable energy efforts to cut global emissions -BP

Carbon Pulse - Tue, 2022-06-28 21:52
A comeback in coal demand last year pushed global CO2 emissions from energy perilously close to 2019 levels, even though there was a surge in renewable power and economies were still battered by the Covid catastrophe, oil major BP said in its annual statistical review on Tuesday.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2022-06-28 21:37
EUAs rallied after a weak opening on Tuesday morning as the market awaited a united position among member states on ETS reforms, while energy prices sagged as the EU sought more ways to cut gas consumption.
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EU ministers tee up lengthy talks on climate bills after testy opening session

Carbon Pulse - Tue, 2022-06-28 21:22
EU environment ministers were bracing for talks to run late into Tuesday evening to reach a united position on several Fit for 55 (FF55) climate policy reform proposals, with opening exchanges suggesting that several thorny issues are outstanding.
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Cop15: lack of political leadership leaves crucial nature summit ‘in peril’, warn NGOs

The Guardian - Tue, 2022-06-28 20:54

Nairobi biodiversity talks end in stalemate, prompting open letter to world leaders calling for action before Montreal conference

UN biodiversity negotiations have reached crisis point due to a lack of engagement from governments, leading NGOs have warned, three years after experts revealed that Earth’s life-support systems are collapsing.

Last week, countries met in Nairobi for an extra round of talks on an agreement to halt the human-driven destruction of the natural world, with the final targets set to be agreed at Cop15 in Montreal. Governments have never met a target they have set for themselves on halting the destruction of nature despite scientists warning in 2019 that one million species face extinction, and that nature is declining at rates unprecedented in human history.

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More than half of listed companies need to lift climate performance to limit warming to 1.5C -report

Carbon Pulse - Tue, 2022-06-28 20:14
The world’s publicly listed companies must reduce their carbon intensity by an annual average of 8-10% every year until 2050 if the target to limit warming to 1.5C is to be met, although only 39% of companies have managed to reduce their emissions intensity at that rate over 2019-20, research has found.
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Ofwat extends sewage dumping inquiry to include South West Water

The Guardian - Tue, 2022-06-28 20:00

Regulator expands investigation after suggestions water firm was not complying with legal obligations

The regulator Ofwat has expanded its investigation into the dumping of raw sewage to include South West Water after finding “shocking” failures in the way the majority of water companies run their waste treatment works.

Ofwat said on Tuesday it had extended its inquiry after heightened concerns about South West Water’s environmental performance and suggestions it was not complying with its legal obligations.

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Ofwat investigates South West Water over sewage discharge

BBC - Tue, 2022-06-28 19:53
Members of the public often report seeing condoms and toilet paper in England and Wales's waterways.
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Fracking firms could be eligible for UK tax breaks worth billions

The Guardian - Tue, 2022-06-28 19:53

Exclusive: Campaigners say funding could provide incentive to restart fracking if moratorium is lifted

Fracking companies are likely to be eligible for tax breaks, potentially worth billions, that the government is extending to oil and gas companies to encourage new exploration of fossil fuel resources.

Combined with high gas prices, the extra funding – which amounts to a subsidy, according to campaigners – could provide a strong incentive to restart fracking operations if a moratorium in the UK is lifted, which could happen as early as this week.

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South Korea to scale up ETS auctioning

Carbon Pulse - Tue, 2022-06-28 19:25
South Korea will increase the share of CO2 allowances in its emissions trading scheme that is auctioned instead of handed out for free, saying the current allocation of 10% is insufficient.
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Tesla big battery fined for failing to deliver promised capacity when coal plant tripped

RenewEconomy - Tue, 2022-06-28 17:34

neoen tesla big battery hornsdaleHornsdale big battery fined over response to market when country's biggest coal unit failed, and AGL wind farms fined over settings in lead up to South Australia blackout.

The post Tesla big battery fined for failing to deliver promised capacity when coal plant tripped appeared first on RenewEconomy.

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NZ companies launches country’s first AI-enabled international offset, exchange

Carbon Pulse - Tue, 2022-06-28 17:03
Two New Zealand companies have teamed up to offer landholders an opportunity to develop and sell the country’s first AI-enabled voluntary offsets via a new carbon exchange.
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Climate change role clear in many extreme events but social factors also key, study finds

The Guardian - Tue, 2022-06-28 17:00

Professor says link to extreme weather sometimes overestimated but climate costs underestimated

Climate change is to blame for the majority of the heatwaves being recorded around the planet but the relation to other extreme events impacts on society is less clear, according to a study.

“I think on the one hand we overestimate climate change because it’s now quite common that every time an extreme event happens, there is a big assumption that climate change is playing a big role, which is not always the case,” said Friederike Otto, a climate change and environment professor at the Grantham Institute at Imperial College London, who was one of the lead authors of the research.

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Meet 5 remarkably old animals, from a Greenland shark to a featherless, seafaring cockatoo

The Conversation - Tue, 2022-06-28 15:13
Two new studies reveal fascinating new information about why some animals are able to live so long. Let me introduce you to five animals who lived over a century, and their remarkable lives. Benjamin Mayne, Molecular biologist and bioinformatician, CSIRO Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

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