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Euro Markets: Midday Update

Carbon Pulse - Wed, 2022-06-08 22:36
European carbon fluctuated violently in response to a chaotic vote in the EU Parliament on the ETS reforms on Wednesday, with prices rising and dropping as much as 2.7% after the assembly voted to refer the bill back to committee.
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Industrial water use threatens Louisiana capital’s drinking water

The Guardian - Wed, 2022-06-08 22:00

Unchecked water use by companies like Exxon risks saltwater intrusion and undrinkable tap water

Flowers seem to live longer in vases filled with Baton Rouge water, according to Dominique Rogers, 36, a florist in Louisiana’s capital city with 14 years of experience.

The city pulls its water deep underground from the Southern Hills aquifer, which requires little to no treatment to drink, unlike other Louisiana communities such as New Orleans, which draws its water from the Mississippi River and requires heavy treatment.

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UPDATE – Accusations, chaos as European Parliament fails to adopt position on EU ETS reforms amid progressives protest

Carbon Pulse - Wed, 2022-06-08 21:03
The European Parliament voted to reject a proposal on EU ETS reforms on Wednesday, amid chaotic scenes and flying accusations in the legislature after a line-by-line ballot weakened many amendments to a level that was unacceptable to progressive members.
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Australia Market Roundup: Regulator mints half a million ACCUs, as energy ministers eye net zero vision

Carbon Pulse - Wed, 2022-06-08 20:41
Australia’s Clean Energy Regulator has issued over half a million new carbon credits, as federal and state energy ministers met for the first time since the change of government, agreeing to set out a net zero vision for the nation’s energy sector.
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Singapore players to launch sale for sustainable aviation fuel credits

Carbon Pulse - Wed, 2022-06-08 19:21
Singapore Airlines (SIA) has teamed up with government investment company Temasek and the Civil Aviation Authority (CAA) to launch a sale of Sustainable Aviation Fuel (SAF) credits in July, they announced Wednesday.
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Experts publish roadmap for scaling UK nature-based environmental markets

Carbon Pulse - Wed, 2022-06-08 19:12
More than 300 UK experts have outlined a roadmap this week to scale environmental markets and establish nature-based accreditation mechanisms in the country to help fill an annual £5.6 billion financing gap for nature recovery.
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Energy ministers want “supercharged” Integrated System Plan and capacity mechanism

RenewEconomy - Wed, 2022-06-08 18:58

Minister for Climate Change and Energy Chris Bowen meets virtually with state and territory energy ministers from Sydney. (AAP Image/Steven Saphore)Energy ministers agree to progress design of a capacity mechanism "at pace", along with a "supercharged" ISP to fast-track transition.

The post Energy ministers want “supercharged” Integrated System Plan and capacity mechanism appeared first on RenewEconomy.

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SK Market: South Korea sees less than 40% uptake in 2021 compliance year’s last KAU auction

Carbon Pulse - Wed, 2022-06-08 18:54
South Korea on Wednesday sold fewer than 40% of the 2.5 million KAUs on offer in the last auction before the 2021 compliance deadline, with permits clearing at their lowest level during the annual cycle.
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Climate change: Ukraine war prompts fossil fuel 'gold rush' - report

BBC - Wed, 2022-06-08 18:12
Russia's invasion of Ukraine and soaring gas prices have led to new greenhouse gas emitting projects, researchers say.
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‘Dash for gas’ dominates response to Russia’s Ukraine invasion -report

Carbon Pulse - Wed, 2022-06-08 18:00
Government responses to Russia’s invasion of Ukraine and the related energy crisis feature more examples of support for oil and gas expansion and fewer of clean and efficient energy transition policies, according to a report released by climate researchers on Wednesday.
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‘Gold rush’ for gas production threatens to lock in global heating

The Guardian - Wed, 2022-06-08 18:00

New dash for gas driven by energy disruption and rising prices spurns warnings to cease exploration to meet 1.5 heating limit

Countries around the world are pouring funds into new natural gas facilities that could destroy the chances of limiting global heating, in response to soaring energy prices and the war in Ukraine.

Governments including the US, Germany, the UK and Canada are investing in new gas production, distribution and use as they seek to sanction Russia over the invasion of Ukraine, according to new research.

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Australian offset watchdog rejects claims of lacking integrity

Carbon Pulse - Wed, 2022-06-08 17:43
The committee overseeing the quality of Australian offset projects on Wednesday released two reports refuting claims that human-induced regeneration (HIR) and landfill gas projects are fraudulent.
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Daniel Andrews defends plan to cull feral horses as protesters rally outside state parliament

The Guardian - Wed, 2022-06-08 17:02

Parks Victoria intends to remove 500 horses from state’s eastern Alpine region this year as part of feral horse management plan

Victorian premier, Daniel Andrews, has defended a decision to cull feral horses that are causing ecological damage to Victoria’s fragile Alpine ecosystems, as protesters campaigning against the planned shooting amassed on the steps of state parliament.

Parks Victoria plans to remove 500 horses from the eastern Alpine region this year as part of a feral horse management plan that includes the eventual removal of all horses from Barmah national park on the Murray River and from the Bogong high plains.

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Jewish roots: the Kent farm cultivating Jewish principles of land stewardship

The Guardian - Wed, 2022-06-08 16:00

As Europe’s only Jewish farm faces closure, its founder explains why reviving Judaism’s ancient precepts of sustainable agriculture and conservation has never been more urgent

While for most British Jews, synagogue is the focal point for religious life, Talia Chain finds her faith in nature. It’s why, in 2018, she founded Sadeh Farm in Kent, currently Europe’s only Jewish farming community.

On the edge of Sadeh’s plot is its forest garden – a low intervention and sustainable agronomic system based on trees, shrubs and perennials. Perched on a seat, 33-year-old Chain is describing one of her most treasured Jewish customs. “It’s called the law of orlah,” Chain says, “where you don’t pick or eat the fruit from a fruit tree for its first three years producing. Instead, you let the fruit ripen and fall to the ground to rot naturally.”

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Birdwatch: this spring, I mourn the missing house martins

The Guardian - Wed, 2022-06-08 15:30

This tiny, speedy winged predator has not been seen in my village as its food source dwindles and people remove nests

As it shears through the spring skies, sweeping up tiny insects, the house martin’s contrasting dark-blue and white plumage reminds me of a miniature version of a killer whale.

But not this year. Although I’ve caught up with virtually every other spring arrival – even the late-returning swallows and swifts – I’ve only seen a handful of house martins, and none so far in my Somerset village.

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Net-zero by 2050 “not enough” to deliver climate or green hydrogen goals, says FFI

RenewEconomy - Wed, 2022-06-08 15:27

FFI's Felicity Underhill says Australia’s net-zero by 2050 commitment is “not enough” to underwrite the nation’s fledgling renewable hydrogen industry.

The post Net-zero by 2050 “not enough” to deliver climate or green hydrogen goals, says FFI appeared first on RenewEconomy.

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Nationals push nuclear as Bowen targets regulatory barriers to energy markets

RenewEconomy - Wed, 2022-06-08 15:20

Shadow Energy Minister Chris Bowen speaks during a press conference at Parliament House in Canberra. (AAP Image/Lukas Coch).Bowen meets state and territory energy ministers to discuss market chaos, while the Nationals ramp up nuclear advocacy.

The post Nationals push nuclear as Bowen targets regulatory barriers to energy markets appeared first on RenewEconomy.

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Capacity mechanism isn’t the right fix to this energy crisis

RenewEconomy - Wed, 2022-06-08 15:16

big battery tesla Neoen VictoriaCapacity markets might sound like a good idea, but would be complex and costly, and wouldn’t provide protection against our current crisis.

The post Capacity mechanism isn’t the right fix to this energy crisis appeared first on RenewEconomy.

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Albanese speaks to Cannon-Brookes about Sun Cable manufacturing plans

RenewEconomy - Wed, 2022-06-08 15:11

sun cable 5b solar northern territory optimisedAlbanese talks to Mike Cannon-Brookes about manufacturing options for massive Sun Cable project, the world's biggest solar and battery proposal.

The post Albanese speaks to Cannon-Brookes about Sun Cable manufacturing plans appeared first on RenewEconomy.

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“You’ll make ridiculous amounts of money:” Snowy Hydro eyes more gas generators

RenewEconomy - Wed, 2022-06-08 14:21

Snowy Hydro's Valley gas-fired power station in Tasmania.Snowy Hydro is hiking contract prices and may build more gas fired generators, because they would make "ridiculous amounts of money".

The post “You’ll make ridiculous amounts of money:” Snowy Hydro eyes more gas generators appeared first on RenewEconomy.

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