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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-07-05 21:41
European carbon prices traded in a tightly-defined range for a third session as the summer holiday season swung into its peak period, with technical support and resistance levels compressing slightly as the market's volatility has calmed, while UK Allowances were little changed after a landslide election result ushered in a centre-left government that is expected to increase action on climate issues.
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Heating decarbonisation plan vital to prevent sky-high CO2 prices, group says

Carbon Pulse - Fri, 2024-07-05 20:54
The European Commission must develop a heating and cooling plan in order to meet its 2030 decarbonisation goals and prepare for the introduction of a dedicated Emissions Trading Scheme (ETS) for heating and transport, a coalition said this week.
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Vietnam mulls tax exemption on income from carbon credits, green bonds -media

Carbon Pulse - Fri, 2024-07-05 20:39
The Vietnamese government has proposed tax exemptions on revenue earned through carbon credits and green bond interest in an effort to bolster the development of its domestic carbon market, local media reported Friday.
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Transport, international cooperation key for CCS in Europe, experts say

Carbon Pulse - Fri, 2024-07-05 20:39
The deployment at scale of carbon capture and storage (CCS) across Europe will require stronger cross-border connections, with CO2 transport pipelines and regulated markets seen as the next big challenge by industry experts.
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CN Markets: CEAs lose steam amid liquidity drain, allocation plan release seen likely to boost trading activity

Carbon Pulse - Fri, 2024-07-05 19:43
China's national carbon market saw its price continue to fall over the past week with shrinking liquidity, though observers expect a resurgence in trading activity in the coming months after the government finally released a draft allocation plan for 2023 and 2024 this week.
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INTERVIEW: New wave of forest conservation credits can move past scandals and set tone for high integrity

Carbon Pulse - Fri, 2024-07-05 18:26
Credits in forest conservation can become "trailblazers" for high integrity, despite being the focus of multiple scandals over the past few years, an expert in nature-based solutions has told Carbon Pulse.
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Papua New Guinea to introduce 7% fee on carbon credit sales

Carbon Pulse - Fri, 2024-07-05 17:46
Papua New Guinea will introduce a 7% fee on the proceeds of carbon credit sales this month, the government has announced, in order to raise desperately needed cash from mitigation and adaptation activities.
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Rewilding plan aims to bring majestic white storks to London

The Guardian - Fri, 2024-07-05 17:42

Working group to look at where birds might be introduced and engage with boroughs and local community in capital

White storks could soon be wheeling in the skies above London and building their huge nests among towers, flats and spires as a result of new rewilding plans.

After the success of the charismatic birds’ successful reintroduction into southern England since 2016, a white stork working group has been established to seek out habitat and gauge the political will to reintroduce the birds to Greater London.

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‘Keir Starmer take note’: UK’s green transition must start now, say experts

The Guardian - Fri, 2024-07-05 16:27

Labour’s victory, alongside strong Green performance, gives next PM mandate to act boldly on net zero, say campaigners

Labour’s victory in the general election must mark the start of the UK’s transformation to a green and low-carbon economy and society, campaigners and experts have said as the scale of the election win became clear.

The Conservatives’ U-turns on the environment had been “as popular with voters as a root canal”, according to Greenpeace, as the party sank to its worst electoral defeat in modern times.

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Plan Vivo updates standard, opens for consultation prior to ICVCM submission

Carbon Pulse - Fri, 2024-07-05 16:05
Plan Vivo has updated its carbon credit standard and opened it for public consultation ahead of submitting its application to the Integrity Council for the Voluntary Carbon Market (ICVCM) to comply with the Core Carbon Principles (CCP).
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Week in wildlife – in pictures: joyriding birds, a rare golden cat and a surprise king cobra

The Guardian - Fri, 2024-07-05 16:00

The best of this week’s wildlife photographs from around the world

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Chinese steelmakers could cut CBAM costs by 70% with prompt climate actions, report says

Carbon Pulse - Fri, 2024-07-05 15:57
Chinese steelmakers could reduce the costs they have to pay under the EU's Carbon Border Adjustment Mechanism (CBAM) by more than 70% if they implement timely emissions reduction measures, a report has found.
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Southern Australia is freezing. How can it be so cold in a warming climate?

The Conversation - Fri, 2024-07-05 14:34
It has been particularly cold this week, with a record low temperature recorded in Tasmania. Such records are increasingly rare as average temperatures continue to rise. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Washington Clean Fuel Standard cumulative surplus nears 1 mln through 2023

Carbon Pulse - Fri, 2024-07-05 08:34
The net credit surplus in Washington’s Clean Fuel Standard (WCFS) soared towards the 1-million mark in the fourth quarter of 2023, with growth in electricity surpassing ethanol crediting, accompanied by declines in gasoline and diesel volumes, state data showed.
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