Around The Web

As EU ETS vote looms, lawmakers waver on free allocation and second market

Carbon Pulse - Wed, 2022-06-08 03:00
Hard-fought compromises on EU ETS reform are at risk of unravelling just a day ahead of crunch European Parliament votes, observer sources told Carbon Pulse on Tuesday, noting that several MEPs are set to break party ranks amid pressure from their home nation industries.
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Carbon rating agency awards moderate grade to forestry project

Carbon Pulse - Wed, 2022-06-08 02:26
A carbon credit ratings agency has awarded a moderate rating to a forestry project in Paraguay in its latest update.
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Young peregrine falcon falls from Salisbury Cathedral tower

The Guardian - Wed, 2022-06-08 01:32

Bird, named Noble X3C, landed unharmed and made successful first flight three days later

They are known as agile, powerful and rapid flyers. But a young peregrine falcon has undermined the image of its species after an ungainly tumble from a cathedral tower.

Named Noble X3C, the bird is one of four that hatched high on Salisbury Cathedral this spring, and was days away from being big enough to soar gracefully into the Wiltshire sky.

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Salisbury Cathedral peregrine falcon takes first flight – video

The Guardian - Wed, 2022-06-08 01:25

A young peregrine falcon – one of four that hatched on Salisbury Cathedral this spring – took its first flight into the Wiltshire sky, days after an unsuccessful attempt where it lost its footing and slipped. The tumble was captured on a webcam which focuses on the balcony and has proved a hit with people tuning in to follow the birds’ progress. The falcon, named Noble X3C, took the plunge again on Tuesday and this time managed to stay airborne

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Germany mulls adding waste incinerators to domestic CO2 pricing scheme -media

Carbon Pulse - Wed, 2022-06-08 00:44
Germany could add waste incinerators and small lignite-fired power plants to its national carbon pricing mechanism (nEHS) that currently covers fuels used for buildings and road transport, media reports suggest.
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Food strategy for England likely to be watered down

The Guardian - Tue, 2022-06-07 21:47

People working with government on strategy say ambitious plans to tackle nature, climate and health crises have been ditched

The government is expected to water down its upcoming food strategy for England, ignoring the ambitious recommendations proposed in two government-commissioned reports, campaigners say.

The white paper, due later this month, was supposed to be a groundbreaking plan to tackle the nature and climate emergencies in response to eye-catching recommendations urged by the restaurateur Henry Dimbleby in his reports.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2022-06-07 21:45
European carbon traded in a relatively narrow range on Tuesday morning as the market waited for signals from Strasbourg where the European Parliament debated the Fit for 55 reform package ahead of votes on Wednesday, while energy markets weakened amid improved natural gas supply.
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Climate crisis could make humans shrink in size, says fossil expert

The Guardian - Tue, 2022-06-07 21:22

Edinburgh palaeontologist says smaller mammals are better able to cope with increased temperatures

The climate crisis may lead the human race to shrink in size, as mammals with smaller frames appear better able to deal with rising global temperatures, a leading fossil expert has said.

Prof Steve Brusatte, a palaeontologist at the University of Edinburgh, suggested that the way in which other mammals have previously responded to periods of climate change could offer an insight into humans’ future.

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EU lawmakers jostle over ETS concessions for industry on eve of vote

Carbon Pulse - Tue, 2022-06-07 20:57
The European Parliament’s position on industry concessions under the EU ETS remains in the balance on the eve of a mammoth series of votes on eight climate policy bills, after the biggest political group introduced a last-minute amendment that could substantially ease carbon costs for big-emitting firms.
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ANZ taps rival bank for new head of commodities, carbon

Carbon Pulse - Tue, 2022-06-07 20:28
Australia-headquartered bank ANZ has hired a new head of commodities in Singapore who comes from a similar role at a rival bank.
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Dom Phillips' sister makes emotional plea to help find journalist missing in Amazon – video

The Guardian - Tue, 2022-06-07 20:06

Sian Phillips, the sister of the missing journalist Dom Phillips, urges Brazilian authorities to search the routes he used amid fears for the safety of the Briton and Bruno Araújo Pereira, an Indigenous expert he was travelling with. 

'We knew it was a dangerous place but Dom really believed it’s possible to safeguard the nature and the livelihood of the Indigenous people,' says Sian Phillips. 'We are really worried about him and urge the authorities in Brazil to do all they can to search the routes he was following. If anyone can help scale up resources for the search that would be great because time is crucial.'

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Japanese corporates strike deal seeking to source hydrogen from the UAE

Carbon Pulse - Tue, 2022-06-07 19:52
Japanese industrial players Eneos and Mitsui have agreed with the UAE’s oil company ADNOC to study developing a clean hydrogen supply chain between their two countries, they announced Tuesday.
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BHP launches blue carbon grants programme

Carbon Pulse - Tue, 2022-06-07 19:02
Mining giant BHP on Tuesday launched a A$3-million ($2.16 mln) grants programme to help drive the development of blue carbon projects in Australia, the latest initiative to boost supply of ocean-based offset credits in the region.
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Let Africa exploit its natural gas reserves, says Mary Robinson

The Guardian - Tue, 2022-06-07 18:33

Ex-UN climate envoy says continent’s need for energy is so great it should be able to widely use the fossil fuel

African countries should be able to exploit their vast natural gas reserves despite the urgent need to cut global greenhouse gas emissions, the former UN climate envoy Mary Robinson has said.

Robinson, the chair of the Elders group of former world statespeople and business leaders, said African countries’ need for energy was so great that they should use gas widely, in contrast to developed countries that must halt their gas use as quickly as possible to stave off climate breakdown.

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SK Market: KAUs fall to 11-wk low as compliance entities offload surpluses

Carbon Pulse - Tue, 2022-06-07 18:11
Spot Korean Allowance Units (KAUs) on Tuesday fell below the 20,000 won mark for the first time since March as Market participants are selling surplus permits they aren’t allowed to bank, though analysts expect financials to soak up most of the supply.
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Funding needed for climate disasters has risen ‘more than 800%’ in 20 years

The Guardian - Tue, 2022-06-07 16:00

Only about half the funds required are being provided by rich countries, according to a report by Oxfam

The funding needed by UN climate disaster appeals has soared by more than 800% in 20 years as global heating takes hold. But only about half of it is being met by rich countries, according to a new report by Oxfam.

Last year was the third costliest on record for extreme weather events such as droughts, floods and wildfires with total economic costs estimated at $329bn, nearly double the total aid given by donor nations.

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What is the real cause of our energy crisis – and what should we do?

RenewEconomy - Tue, 2022-06-07 15:21

There are several things we can do to address the energy crisis, but a capacity mechanism is not one of them.

The post What is the real cause of our energy crisis – and what should we do? appeared first on RenewEconomy.

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Energy crisis reminds us why we need a rapid shift to renewables, says AEMO chief

RenewEconomy - Tue, 2022-06-07 15:11

AEMO chief says "getting enough energy into the system" is top of his list of worries - and firmed renewables are the lowest cost way to go.

The post Energy crisis reminds us why we need a rapid shift to renewables, says AEMO chief appeared first on RenewEconomy.

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“Calm the chaos”: Peak groups want ministers to accelerate energy transition to address market crisis

RenewEconomy - Tue, 2022-06-07 15:07

A pre-Covid meeting of the COAG Energy Council. AAP Image/Dan HimbrechtsAhead of a meeting of Australia's energy ministers, a coalition of peak industry bodies call for an accelerated energy transition to "calm chaos".

The post “Calm the chaos”: Peak groups want ministers to accelerate energy transition to address market crisis appeared first on RenewEconomy.

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EU faces legal challenge over plan to fast-track gas projects

The Guardian - Tue, 2022-06-07 15:01

NGOs argue priority list was drawn up without consideration of methane emissions

An EU plan to fast-track funding and permits for 30 gas projects is facing a legal challenge from NGOs including ClientEarth and Friends of the Earth Europe.

The European Commission has been asked to review its backing for infrastructure projects such as the EastMed pipeline, a 1,180-mile (1,900km) gas pipeline to connect offshore gas fields in Israel and Cyprus to Italy.

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