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US refrigerant carbon offset pilot project sells nearly 20,000 credits at “significant premium”
Why do cats knead?
Coalkeeper killed off as Labor states embrace Matt Kean’s auction and underwriting plan
Energy ministers have dumped one bad Coalition idea and embraced a good one from another Coalition government. Here's how the Capacity Investment Scheme will work.
The post Coalkeeper killed off as Labor states embrace Matt Kean’s auction and underwriting plan appeared first on RenewEconomy.
Trafigura to focus on Article 6, nature-based removals for its carbon trading activities
US bank foundation pledges funds for blue carbon database
MSR raid may be back on table as REPowerEU, EU ETS reform talks near end
Public patience is wearing thin. Ofwat must wield the big stick | Nils Pratley
Putting water companies on the naughty step and doling out tame financial penalties in not enough
Here’s the short piece of good news from regulator Ofwat’s annual assessment of the performance of the English and Welsh water companies: overall leakage stands at its lowest level since privatisation. That, unfortunately, was about it – and, note, progress on leaks came with the important qualification that there is a very long way to go to meet 2050 targets. The rest of the annual review was as bleak as any in recent years, especially on the most troubled issue of all – pollution.
Six of the 10 major firms found themselves on the regulator’s naughty step – the ones labelled laggards in terms of operational performance. They are Northumbrian Water, Southern Water, South West Water, Thames Water, Welsh Water and Yorkshire Water. Only Severn Trent of the big water and wastewater beasts got a “leading” rating and it was joined by water-only operators South Staffs and Bristol. The skew towards underperformance was marked and depressing.
Continue reading...Surging energy prices are really going to hurt. What can the government actually do?
Rishi Sunak’s U-turn on windfarms reflects the Tories’ failure to protect rural England | Simon Jenkins
As the Conservatives squabble over planning and housing targets, England’s countryside is being destroyed
The English countryside is sick. It can feel as though a day never passes without its green and pleasant land falling victim to the threat of windfarms, coalmines, solar arrays and housing estates. Boris Johnson seemed to want a turbine in every field. Liz Truss wanted “investment zones” even in protected areas. Rishi Sunak called for 300,000 new houses a year – until he didn’t.
This week the new environment secretary, Thérèse Coffey, could not enlighten a Commons committee on her policy for farms, given the shambles of Brexit. Meanwhile, the environment secretary, Michael Gove, found himself capitulating to onshore windfarms one minute and a coalmine in Whitehaven the next. As for Labour’s Keir Starmer, he savaged Sunak for abandoning housing targets the same week as he said he would stop telling local councils what to do.
Simon Jenkins is a Guardian columnist
Continue reading...Tories continue to appal as Labour schmoozes a newly receptive City set | John Crace
As ministers proved again they’ve lost the plot, Keir Starmer sought to show business bigwigs his is the party to back
Back to the future. A Tory government in its extended death throes. Any number of sex and sleaze scandals. Disengaged backbench MPs planning for life outside Westminster. A weak prime minister totally out of ideas. Just reacting to the latest rebellion. No discernible coherent policies. Sound familiar?
Take Thursday. One MP has the whip withdrawn after a police complaint. Michelle Mone swears blind there was nothing wrong with her for trousering £29m for recommending a startup company that specialised in useless PPE. Headless gowns for headless chickens.
Continue reading...Labour says it would stop Cumbria coalmine from opening
Ed Miliband vows party will seek to prevent ‘climate-destroying’ plan and if elected would deliver green jobs
Labour would stop the new coalmine in Cumbria from going ahead if elected, and will seek to prevent it progressing before then, the party has said.
Ed Miliband, the shadow climate change secretary, said: “A Labour government will leave no stone unturned in seeking to prevent the opening of this climate-destroying coalmine, and instead ensure we deliver the green jobs that people in Cumbria deserve.”
Continue reading...Cop15 diary: delegates grapple with masks, snoods and meaningful action
The inside story of what happened on the first two days of the biodiversity summit in Montreal
Wednesday, 7 December
Canadian prime minister Justin Trudeau’s pledge of C$800m (£510m) over seven years to support Indigenous-led conservation projects was preceded by a ceremony led by the First Nations Elder, Ka’nahsohon Kevin Deer. It made a change from the day before when Trudeau was interrupted by Indigenous protesters at the opening ceremony.
The UN secretary general António Guterres spoke powerfully about the need to protect the rights of environment protesters, saying “human rights must be at the centre of all environmental concerns and namely, the work of the [UN convention on biodiversity] CBD”.
A new draft text of the Global Biodiversity Framework (GBF) is littered with more than 1,000 brackets, which will need dealing with over the next two weeks. The text has been described as a “mess”, with many concerned about the amount that still needs to be done.
Despite more than 20 targets being negotiated, the 30x30 goal to protect 30% of land and oceans by 2030 is stealing the limelight. As delegates arrived at Montreal airport, there was no escaping the slew of posters promoting the ambition.
Both Canada and China have given delegates welcome bags – the former contained a snood, and the latter, a silk scarf and tea. Masks are also back and each day delegates are taking Covid tests in order to get into the conference centre.
The EU representative Ladislav Miko criticised Russia’s invasion of Ukraine, saying it brings about “long-term environmental degradation”. Russian delegate Denis Rebrikov responded by saying the subject should be outside the scope of the biodiversity summit. “It’s hard to avoid the impression that these countries are deliberately trying to sabotage the adoption of a global framework,” he said.
It’s currently 3C in Montreal and some delegates are struggling with the cold. One was seen wearing a thick coat and woolly hat with headphones over the top in the main plenary hall.
Continue reading...Carbon platform owner Xpansiv shuffles leadership, expands board
Nature carbon fund manager eyes expansion, new funds in 2023
COP27: What was agreed at the Sharm el Sheikh climate conference?
Cumbria coalmine is owned by private equity firm with Caymans base
West Cumbria Mining, which set up Whitehaven office during push for new mine, owned by EMR Capital
• What is the Cumbrian coalmine and why does it matter?
The first deep coalmine to be dug in the UK in a generation is ultimately owned by an international private equity company, with executives whose mining interests have stretched to Russia, Asia, Africa and across Australia.
West Cumbria Mining positioned itself as a local company with an office in Whitehaven, and promised it would provide jobs for people in the area, during its campaign for permission to extract 2.8m tonnes of coking coal a year from the site.
Continue reading...Business coalition calls for 2035 zero emissions law on new EU trucks
Manager Trading, Environmental Markets, NRG – Houston
Poor performance now ‘the norm’ for some water firms, warns Ofwat
Serious pollution, poor service and weak financial management embedded, says England and Wales water industry regulator
Serious pollution by water companies has increased in the past year, the regulator has said in a damning report on the performance of the sector in England and Wales.
Ofwat said poor performance by some firms was embedded, and named Northumbrian Water, Southern Water, South West Water, Thames Water, Welsh Water and Yorkshire Water as lagging in the way they served customers and ran the system.
Continue reading...Wild at Art 2022 winners: children draw attention to Australia’s threatened species – in pictures
Nearly 5,000 primary school students took part in the Australian Conservation Foundation’s Wild at Art competition, which invites children to create an artwork depicting one of the country’s threatened native animals or plants
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