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Oil demand set to contract, says IEA, after 2.5 per cent drop in Q1

RenewEconomy - Fri, 2020-03-13 14:10

Large Oil Tank and Oil Ship reserves - optimisedIEA says global oil demand is expected to decline in 2020 for the first time since 2009, as the impact of the coronavirus continues to spread around the world.

The post Oil demand set to contract, says IEA, after 2.5 per cent drop in Q1 appeared first on RenewEconomy.

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Clean transport gets $2bn in UK budget, with focus on EV charging hubs

RenewEconomy - Fri, 2020-03-13 13:50

gridserve electric forecourtConservative UK government allocates £1 billion ($A2 billion) to increase roll-out of electric car charging hubs and extend Plug-In Grant under its 2020 budget.

The post Clean transport gets $2bn in UK budget, with focus on EV charging hubs appeared first on RenewEconomy.

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Governments warned: $1 trillion in coal power investments at risk

RenewEconomy - Fri, 2020-03-13 13:44

Coal fossil fuel Power Plant smokestacks - optimised divestmentCarbon Tracker warns that more than $1 trillion in planned coal investments is at risk of becoming stranded, as the costs of wind and solar continue to fall.

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While we self-isolate, it’s a good time to reflect on the urgency of the climate crisis

RenewEconomy - Fri, 2020-03-13 13:06

As Australian governments scramble to formulate the appropriate response to the newly declared pandemic proportions of the Coronavirus, a new report from the Climate Council reminds us of the burningly urgent need to address that other global catacstrophe, climate change.

The post While we self-isolate, it’s a good time to reflect on the urgency of the climate crisis appeared first on RenewEconomy.

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Air-dropping poisoned meat to kill bush predators hasn't worked in the past, and it's unlikely to help now

The Conversation - Fri, 2020-03-13 11:20
Aerial baiting has been Australia's foremost weapon against pest species for the past 74 years. But at what cost? Justine M. Philip, Doctor of Philosophy, Ecosystem Management, Museums Victoria Licensed as Creative Commons – attribution, no derivatives.
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Canadian Solar inks its first Australian PPA with Amazon for output of NSW solar farm

RenewEconomy - Fri, 2020-03-13 10:59

Online retailing giant inks new deal for supply of renewables in Australia, agreeing with Canadian Solar to buy output of 146MW Gunnedah solar farm in NSW.

The post Canadian Solar inks its first Australian PPA with Amazon for output of NSW solar farm appeared first on RenewEconomy.

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Major clean energy industry events postponed in response to Coronavirus

RenewEconomy - Fri, 2020-03-13 10:08

SEC conference covid-19 - optimisedAustralia's clean energy industry announces raft of postponements of major events and conferences in response to COVID-19 pandemic.

The post Major clean energy industry events postponed in response to Coronavirus appeared first on RenewEconomy.

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CP Daily: Thursday March 12, 2020

Carbon Pulse - Fri, 2020-03-13 10:05
A daily summary of our news plus bite-sized updates from around the world.
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Washington LCFS, Clean Air Rule bills flounder on Senate opposition

Carbon Pulse - Fri, 2020-03-13 07:55
Legislation to implement a Washington state low-carbon fuel standard (LCFS) and extend the market-based Clean Air Rule (CAR) to fuel suppliers will not pass in the 2020 session because the Senate does not have the votes to approve the policies, the sponsor of the bills told Carbon Pulse.
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Greenhouse Gas Analyst, BP – London

Carbon Pulse - Fri, 2020-03-13 07:45
As part of a small central technical team, you’ll provide GHG advisory & GHG accounting support to underpin BPTN carbon neutral offers. The role consolidates BPTN as a centre of expertise for carbon management from data gathering; determination of carbon footprint; design, management and certification of emissions reduction plans.
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NA Markets: WCI prices crater on recession and coronavirus fears, as RGAs fall before auction results

Carbon Pulse - Fri, 2020-03-13 07:38
California Carbon Allowance (CCA) prices plunged to a nearly one-year low this week as the unravelling stock market and spreading COVID-19 virus stoked fears of a global recession, while RGGI allowances (RGAs) saw more modest drops ahead of Q1 auction results.
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Finance Advisor, Carbon Emissions Trading, Shell – Singapore

Carbon Pulse - Fri, 2020-03-13 07:25
As Carbon Emissions Finance Advisor you will be part of the global Shell Trading Finance team and you will report to the Carbon Emissions Finance Manager based in Singapore. This excellent opportunity will give you the opportunity to contribute to growing and shaping the future of Shell’s carbon emissions business.
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Coronavirus poses threat to climate action, says watchdog

The Guardian - Fri, 2020-03-13 05:52

IEA warns that Covid-19 could cause a slowdown in world’s clean energy transition

The coronavirus health crisis may lead to a slump in global carbon emissions this year but the outbreak poses a threat to long-term climate action by undermining investment in clean energy, according to the global energy watchdog.

The International Energy Agency (IEA) expects the economic fallout of Covid-19 to wipe out the world’s oil demand growth for the year ahead, which should cap the fossil fuel emissions that contribute to the climate crisis.

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UPDATE – Judge hands California early victory in carbon market linkage suit, two challenges remain

Carbon Pulse - Fri, 2020-03-13 05:36
A federal judge on Thursday ruled California’s ETS linkage with Quebec does not violate the US Constitution’s Treaty and Compact Clauses, but the court did not rule on two remaining legal challenges brought by the Department of Justice (DOJ).
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For decades, scientists puzzled over the plastic 'missing' from our oceans – but now it's been found

The Conversation - Fri, 2020-03-13 05:03
New research from Australia’s national science agency shows a huge amount of ocean plastic ends up on land, where it gets trapped. Britta Denise Hardesty, Principal Research Scientist, Oceans and Atmosphere Flagship, CSIRO Chris Wilcox, Senior Research Scientist, CSIRO Licensed as Creative Commons – attribution, no derivatives.
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EU Market: EUAs crash nearly 6% as markets react to US virus lock-up

Carbon Pulse - Fri, 2020-03-13 04:55
EUAs suffered their biggest daily so far this year on Thursday, tumbling below €23 as markets reeled following US travel restrictions as part of a global scramble to limit the impact of the coronavirus.
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Revealed: Monsanto’s secret funding for weedkiller studies

The Guardian - Fri, 2020-03-13 03:00

The research, used to help avoid a ban, claimed ‘severe impacts’ on farming if glyphosate was outlawed

Monsanto secretly funded academic studies indicating “very severe impacts” on farming and the environment if its controversial glyphosate weedkiller were banned, an investigation has found.

The research was used by the National Farmers’ Union and others to successfully lobby against a European ban in 2017. As a result of the revelations, the NFU has now amended its glyphosate information to declare the source of the research.

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David Attenborough calls for ban on 'devastating' deep sea mining

The Guardian - Fri, 2020-03-13 02:56

Proposed mining of seabed could destroy unstudied ecosystems and disrupt vital carbon-storing functions, says naturalist

Sir David Attenborough has urged governments to ban deep sea mining, following a study warning of “potentially disastrous” risks to the ocean’s life-support systems if it goes ahead.

The study, by Fauna and Flora International (FFI), warns proposed plans to mine the seabed could cause significant loss of biodiversity, disruption of the ocean’s “biological pump”, and the loss of microbes important for storing carbon. The process, requiring machines operating thousands of metres under the sea, could also create plumes of sediment that smother areas far from the mining sites and kill wildlife.

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RFS Market: RIN prices plummet as coronavirus impacts weigh

Carbon Pulse - Fri, 2020-03-13 02:37
US biofuel credit (RIN) prices under the Renewable Fuel Standard tumbled on Thursday as the global macroeconomic impacts of the COVID-19 coronavirus exerted bearish pressure on the market.
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Sweden pulls plug on Ugandan carbon forestry project

Carbon Pulse - Fri, 2020-03-13 02:14
Sweden has cut short a carbon credit delivery contract with a controversial Uganda-based forestry project over legal issues, having bought fewer than a quarter of the intended offsets from the scheme.
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