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Euro Markets: EUAs hit new all-time high above €58 with “gas in charge”

Carbon Pulse - Thu, 2021-07-01 19:23
EUAs reached a new record high early on Thursday as gas prices continued to rise and the market digested a leaked European Commission document that laid out proposed reforms to the EU ETS.
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Australia ranks last for climate action among UN member countries

The Guardian - Thu, 2021-07-01 19:14

Nation scores just 10 out of 100 on tackling fossil fuel emissions in new report on sustainable development goals

Australia has been ranked last for climate action out of nearly 200 countries in a report assessing progress towards global sustainable development goals.

The Sustainable Development Report 2021, first reported by Renew Economy, scored Australia last out of 193 United Nations member countries for action taken to reduce global greenhouse gas emissions.

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No water, no life: running out of water on the California-Oregon border

The Guardian - Thu, 2021-07-01 19:00

Paul Crawford’s crops are dying. Salmon sacred to Frankie Myers’ Native American tribe are slipping away. Along the California-Oregon border, the climate crisis is worsening a water crisis decades in the making – leaving farmers and indigenous communities scrambling to keep their traditions alive.

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‘Deeply irresponsible’: federal government loan for new Queensland coalmine criticised by campaigners

The Guardian - Thu, 2021-07-01 16:47

Conservationists say Pembroke Resources mine will increase carbon emissions and wouldn’t need public money if financially viable

The Morrison government has announced a $175m loan to help build a large new metallurgical coalmine in central Queensland, in a move conservationists have labelled “deeply irresponsible”.

Climate campaigners have said the loan from the Northern Australia Infrastructure Facility (Naif) to develop the $900m Olive Downs mine in the Bowen Basin was “a bad idea”. They argued the Pembroke Resources project would increase global carbon emissions by contributing to “dirty” steelmaking and would not need public backing if it was financially viable.

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Gunnedah solar farm registered in NSW, begins sending power to the grid

RenewEconomy - Thu, 2021-07-01 15:15

Gunnedah solar farm completes registration and starts injecting power into the grid.

The post Gunnedah solar farm registered in NSW, begins sending power to the grid appeared first on RenewEconomy.

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Australia ranked dead last in world for climate action in latest UN report

RenewEconomy - Thu, 2021-07-01 15:13

Morrison TaylorAustralia again found to be lagging on climate action, ranking last of all 193 countries assessed in authoritative UN-backed report.

The post Australia ranked dead last in world for climate action in latest UN report appeared first on RenewEconomy.

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Powerlink looks to battery storage to help solve grid stability problems

RenewEconomy - Thu, 2021-07-01 15:13

Powerlink turns to battery storage to help solve grid stability issues, part of a new "tailored" solutions package to support more wind and solar.

The post Powerlink looks to battery storage to help solve grid stability problems appeared first on RenewEconomy.

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Pitt approves huge loan for Queensland coal project, after rejecting wind farm

RenewEconomy - Thu, 2021-07-01 15:06

Canva - Coal mining from above - optimised brown coal hydrogenAfter blocking a loan to a Queensland wind project, resources minister Keith Pitt approves a $175m government loan to a coal mine.

The post Pitt approves huge loan for Queensland coal project, after rejecting wind farm appeared first on RenewEconomy.

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Five Asian countries risk Paris target with 80% of globe’s planned new coal

RenewEconomy - Thu, 2021-07-01 15:04

Carbon Tracker report says five Asian countries will account for most of new coal investment, but virtually none of these investments will be profitable.

The post Five Asian countries risk Paris target with 80% of globe’s planned new coal appeared first on RenewEconomy.

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Full steam ahead for Cornwall’s geothermal energy project

The Guardian - Thu, 2021-07-01 15:00

Team behind project at United Downs site near Redruth say power plant will be producing electricity and heat by next year

It has taken a decade of hard graft – and some bold, imaginative thinking – but a plume of steam finally exploded into the clear Cornish air, a signal of what is being heralded as a breakthrough for an energy project that taps into the hot rocks of the far south-west of Britain.

The blast of steam at the United Downs site near Redruth, once a global mining capital, is being billed as proof that deep geothermal power can be part of the solution to the UK’s search for alternative sources of energy.

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Bugs to the rescue: using insects as animal feed could cut deforestation – report

The Guardian - Thu, 2021-07-01 15:00

Adopting insect protein in pig and poultry feed could reduce UK soya consumption by a fifth by 2050, says WWF study

Insect protein in animal feed could replace 20% of the UK’s soya consumption by 2050, according to a report by WWF.

The study, which sets out a plan for the UK to accelerate the adoption of insect protein in animal feed, also found that just under half of the demand for the protein could be met by British producers.

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Is Australia really doing enough for the Great Barrier Reef? Why criticisms of UNESCO’s 'in danger' recommendation don’t stack up

The Conversation - Thu, 2021-07-01 13:11
Federal environment minister Sussan Ley wrote an opinion article saying the reef didn't deserve to be the poster child for climate change perils. We disagree. Terry Hughes, Distinguished Professor, James Cook University Jon C. Day, PSM, Adjunct Senior Research Fellow, ARC Centre of Excellence for Coral Reef Studies, James Cook University Ove Hoegh-Guldberg, Professor, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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CP Daily: Wednesday June 30, 2021

Carbon Pulse - Thu, 2021-07-01 12:35
A daily summary of our news plus bite-sized updates from around the world.
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AGL future may lie in batteries and hydrogen, but it has too much gas after coal split

RenewEconomy - Thu, 2021-07-01 12:32

AGL Loy Yang big batteryAGL has dumped coal into a new entity, but as it looks to technologies such as battery storage and hydrogen, it may find it still has too much gas.

The post AGL future may lie in batteries and hydrogen, but it has too much gas after coal split appeared first on RenewEconomy.

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Victoria backs hydrogen and lithium and solar battery research hubs

RenewEconomy - Thu, 2021-07-01 12:19

manufacturing Canva - cylindrical batteries set close-up - optimisedVictorian government commits more than $15 million to establish new battery and hydrogen research hubs in partnership with Deakin University.

The post Victoria backs hydrogen and lithium and solar battery research hubs appeared first on RenewEconomy.

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Covid common in cats and dogs, study finds

BBC - Thu, 2021-07-01 10:07
Pet owners with Covid could infect about 20% of cats and dogs, although most symptoms are mild.
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Australia needs loud, fast and furious climate policy – now more than ever

RenewEconomy - Thu, 2021-07-01 08:22

To get out of Australia's climate funk we need to make climate policy loud again, and challenge Morrison's fantasy of a quiet and unambitious Australia.

The post Australia needs loud, fast and furious climate policy – now more than ever appeared first on RenewEconomy.

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California-registered CITSS accounts near peak as allowance prices remain near all-time highs

Carbon Pulse - Thu, 2021-07-01 07:58
Thirteen general market participants opened Compliance Instrument Tracking Service System (CITSS) accounts over Q2 2021 as California Carbon Allowance (CCA) prices soared to all-time highs on the secondary market, data released by California regulator ARB on Wednesday showed.
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Virginia industry group asks court to void RGGI regulation, declare programme unconstitutional

Carbon Pulse - Thu, 2021-07-01 07:47
A Virginia-based industry group advocated Wednesday for a court to void the state's RGGI regulation and declare the programme an illegal carbon tax, while the state argued the final rule conformed to the specific directives of the state legislature.
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EU carbon rally near exhausted amid pronounced H2 downside risk, investment bank warns

Carbon Pulse - Thu, 2021-07-01 07:02
EU carbon prices are unlikely to see much more upside ahead of the scheduled mid-July release of major market reforms, and then they could partially unwind some of this year’s rally during the second half of 2021, analysts from a major investment bank said Wednesday.
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