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European Midday Markets Update

Carbon Pulse - Fri, 2021-07-16 22:10
EUAs remained firmly entrenched in a range either side of €53.00 as the week neared its end, while UKAs continued to recover from their record low.
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Climate change: Science failed to predict flood and heat intensity

BBC - Fri, 2021-07-16 21:36
Scientists want a super-computer powerful enough to accurately project the most damaging extremes.
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MSR reform plans separate from rest of EU’s ‘Fit for 55’ legislative process -official

Carbon Pulse - Fri, 2021-07-16 21:22
Modifying the supply-managing Market Stability Reserve (MSR) of the EU ETS to maintain its current ambition level will be a separate, "quicker" process to the legislation of the European Commission’s larger ‘Fit for 55’ climate package, a senior EU official said Friday.
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The week in wildlife – in pictures

The Guardian - Fri, 2021-07-16 21:00

The best of this week’s wildlife pictures, including endangered vultures, a baby beaver and a spectacular wingnut tree

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Hong Kong to explore carbon market opportunities

Carbon Pulse - Fri, 2021-07-16 20:06
Hong Kong will explore opportunities in establishing itself as a carbon trading centre for mandatory carbon markets both in mainland China and internationally, with an initial focus on the Guangdong-HK-Macao greater Bay region.
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“Brutal:” Solar pioneer Autonomous Energy caught up in Bill Papas web

RenewEconomy - Fri, 2021-07-16 17:27

Autonomous Energy has been placed into administration as part of the unfolding legal and financial drama centred around Sydney businessman Bill Papas.

The post “Brutal:” Solar pioneer Autonomous Energy caught up in Bill Papas web appeared first on RenewEconomy.

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Repeating mistakes: why the plan to protect the world’s wildlife falls short

The Conversation - Fri, 2021-07-16 17:08
The Convention on Biological Diversity aims to achieve a world "living in harmony with nature". This won't happen if the plan goes ahead in its current form. Michelle Lim, Senior Lecturer, Macquarie Law School, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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On vaccine equality, the UK has failed to show the leadership the world needs | Mohamed Adow and Tasneem Essop

The Guardian - Fri, 2021-07-16 17:00

Britain has broken the promises Boris Johnson made before the G7 – a change of tack is necessary to make Cop26 a success

Covid and the climate crisis are the two defining global crises of our time and Britain has a crucial role to play in addressing them both. As the Cop26 host, it will be responsible for overseeing a successful outcome at the UN climate talks in Glasgow in November.

Only a few weeks ago, before the prime minister hosted the G7, Boris Johnson promised the group of wealthy nations would vaccinate the world by the end of the year.

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“Scared of solar:” Why the Top End’s first big solar farms are not switched on

RenewEconomy - Fri, 2021-07-16 15:33

The first utility scale solar farms in the Northern Territory are sitting idle, unable to be switched off due to "onerous, unprecedented and indefensible" new rules.

The post “Scared of solar:” Why the Top End’s first big solar farms are not switched on appeared first on RenewEconomy.

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Energy Insiders Podcast: AEMO’s 100pct renewables plan, and the view from Japan

RenewEconomy - Fri, 2021-07-16 15:28

New AEMO boss makes a splash, a huge new renewable hydrogen plan, and we talk to Monica Nagashima from Influence Map in Japan.

The post Energy Insiders Podcast: AEMO’s 100pct renewables plan, and the view from Japan appeared first on RenewEconomy.

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Climate scientists shocked by scale of floods in Germany

The Guardian - Fri, 2021-07-16 15:00

Deluge raises fears human-caused disruption is making extreme weather even worse than predicted

The intensity and scale of the floods in Germany this week have shocked climate scientists, who did not expect records to be broken this much, over such a wide area or this soon.

After the deadly heatwave in the US and Canada, where temperatures rose above 49.6C two weeks ago, the deluge in central Europe has raised fears that human-caused climate disruption is making extreme weather even worse than predicted.

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Taylor dismisses “duty of care” ruling, says coal mine decisions “about balance”

RenewEconomy - Fri, 2021-07-16 14:36

investigation Angus Taylor COP25 Parliament minister energy emissions reduction - optimisedTaylor says that energy system about "balance" - suggesting the safety of young people must be balanced against the interests of coal.

The post Taylor dismisses “duty of care” ruling, says coal mine decisions “about balance” appeared first on RenewEconomy.

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Brighte to deliver first phase of ACT’s interest free loans for solar, storage and EVs

RenewEconomy - Fri, 2021-07-16 14:27

"Buy now pay later” pioneer Brighte to administer first phase of ACT interest free loans for rooftop solar, batteries and electric vehicles.

The post Brighte to deliver first phase of ACT’s interest free loans for solar, storage and EVs appeared first on RenewEconomy.

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Australia to hold next ERF auction in October

Carbon Pulse - Fri, 2021-07-16 14:08
The 13th Emissions Reduction Fund (ERF) auction will be held on Oct. 13-14, the Clean Energy Regulator announced Friday, as the offset price in the secondary market hit yet another record high.
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The top 15 wind and solar power countries in 2020

RenewEconomy - Fri, 2021-07-16 13:52

via Canva - solar panels and wind turbine with sunset on the hill concept idea clean energy - optimisedDenmark and Uruguay generated 61% and 44% of their electricity from wind and solar in 2020. Many more source over 25% from wind and solar.

The post The top 15 wind and solar power countries in 2020 appeared first on RenewEconomy.

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UPDATE – China carbon price beats expectations on opening day

Carbon Pulse - Fri, 2021-07-16 12:24
Trading in China’s national emissions trading scheme opened on Friday, with initial prices well above expected levels, though market participants cautioned against reading too much into it.
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“We won’t be Uncle Sucker:” US to join EU with carbon tax on imports

RenewEconomy - Fri, 2021-07-16 11:52

Joe Biden white house climate carbon border adjustment - aap - optimisedUS and Europe to target climate recalcitrants with import taxes. Labor says Morrison's inaction is putting Australian jobs at risk.

The post “We won’t be Uncle Sucker:” US to join EU with carbon tax on imports appeared first on RenewEconomy.

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Virginia judge rejects industry group lawsuit of RGGI regulation

Carbon Pulse - Fri, 2021-07-16 10:16
The Virginia Department of Environmental Quality (DEQ) did not violate state law when it amended its RGGI-aligned cap-and-trade regulation to include full auctions, and the programme does not constitute an illegal tax in violation of Old Dominion’s Constitution, a judge ruled Wednesday, refuting a manufacturer-led challenge.
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Formula 1 boss Ross Brawn says hydrogen could be future fuel

BBC - Fri, 2021-07-16 09:01
Hydrogen-powered cars could be the future of Formula 1 according to Ross Brawn, the F1 managing director for motorsports.
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‘A tale of woe’: UK butterfly numbers hit by cold, wet spring

The Guardian - Fri, 2021-07-16 09:01

Public urged to join world’s biggest butterfly count to help collect data on impacts of climate crisis

Butterflies across the UK have been hit hard by unseasonably cold and wet spring weather, conservationists have warned.

April was the sunniest on record but it also had a record number of frosts followed by the wettest May for England in 54 years. Native butterflies such as the small tortoiseshell, large white, and red admiral have been badly affected, with numbers down compared with 10-year averages, according to the wildlife charity Butterfly Conservation.

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