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British PM Johnson unveils 10-point climate plan to spark new, ‘green’ industrial revolution

Carbon Pulse - Wed, 2020-11-18 08:30
British Prime Minister Boris Johnson on Tuesday unveiled a 10-point plan to mobilise tens of billions of pounds in public- and private-sector investment and spark a “green industrial revolution” in the country.
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Boris Johnson announces 10-point green plan with 250,000 jobs

The Guardian - Wed, 2020-11-18 08:30

Labour says proposals, some of which had already been trailed, are ‘deeply disappointing’

Boris Johnson has announced plans for the government’s self-styled green industrial revolution, bringing praise from environmental groups but also questions about the scale of new funding, and the planned expansion of nuclear and hydrogen power.

In a move aimed at retaking the initiative after a politically turbulent few weeks, the prime minister said the 10-point plan would create up to 250,000 jobs, with much of the focus aimed at the north of England, Midlands, Scotland and Wales.

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EU carbon prices to end 2020 on a high -analysts

Carbon Pulse - Wed, 2020-11-18 07:49
EU carbon prices will continue on their upward trajectory through the end of the year, despite the ongoing pandemic and economy downturn, before EUAs average above €35 in 2021, analysts forecast on Tuesday.
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Analysts lower 2020 WCI emissions forecast on strained rebound for fuel, power sectors

Carbon Pulse - Wed, 2020-11-18 07:00
The California-Quebec carbon market will experience further GHG abatement in 2020 due to a slower recovery in gasoline and electricity demand than previously expected and more efficient gas plants running in the Golden State, analysts said in a report published Tuesday.
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World's only known white giraffe fitted with tracker to deter poachers

BBC - Wed, 2020-11-18 06:43
Rangers are tracking the giraffe in north-east Kenya, after poachers killed his family members.
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EU Market: EUAs give back Monday’s gains, but big upside seen tomorrow from late-breaking news

Carbon Pulse - Wed, 2020-11-18 06:37
European carbon sank on Tuesday on profit-taking and policy and coronavirus concerns, as a late decline saw prices give back all of the previous day’s gains, though traders said EUAs could spike tomorrow on late-breaking bullish supply-related news.
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Trump officials rush plans to drill in Arctic refuge before Biden inauguration

The Guardian - Wed, 2020-11-18 05:48
  • Bureau of Land Management begins ‘call for nominations’
  • Coastal plain region home to many vital wildlife habitats

In a last-ditch attempt to make good on promises to the oil and gas industry, the Trump administration is rushing to formalize plans to drill for oil in the Arctic national wildlife refuge before Joe Biden takes office. On Tuesday, the Bureau of Land Management initiated the process with a formal “call for nominations”, inviting input on which land tracts should be auctioned off in the refuge’s 1.5m-acre coastal plain region.

Related: 'We packed long underwear and never wore it': Arctic scientists shocked at warming

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Virginia industries argue clerk error should not vacate lawsuit challenging RGGI regulation

Carbon Pulse - Wed, 2020-11-18 05:30
A clerical error caused a Virginia business group to fail to pay the appropriate filing fee on a lawsuit challenging the state’s RGGI-modelled carbon market regulation, but the mistake should not void the case, according to court records.
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UN’s IMO strikes shipping emissions deal that lets maritime GHGs keep rising

Carbon Pulse - Wed, 2020-11-18 05:13
Nations agreed a global maritime deal at the UN’s IMO on Tuesday that would allow the sector’s emissions to rise for another decade, a move that could strengthen the EU’s resolve to take tougher action in its own waters.
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San Francisco just banned gas in all new buildings. Could it ever happen in Australia?

The Conversation - Wed, 2020-11-18 04:50
Despite the government spruiking a 'gas-led economic recovery', natural gas is clearly on the way out. It's time for a serious rethink on the way many Australians cook and heat our homes. Madeline Taylor, Lecturer, University of Sydney Susan M Park, Professor of Global Governance, University of Sydney Licensed as Creative Commons – attribution, no derivatives.
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IMF “hopeful” of a rising international carbon price floor

Carbon Pulse - Wed, 2020-11-18 04:08
Reaching Paris Agreement commitments could be complemented with a rising carbon price floor at a global level, the International Monetary Fund (IMF) said on Tuesday.
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Inverted cables doom European Vega rocket

BBC - Wed, 2020-11-18 04:03
Improperly installed wiring caused the rocket, with its satellite payloads, to veer off course.
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UPDATE – Start of 2021 EU carbon allowance auctions to be delayed

Carbon Pulse - Wed, 2020-11-18 03:41
The start of carbon allowance auctions in Phase 4 of the EU ETS (2021-30) will be delayed due to technical reasons, the European Commission announced late Tuesday.
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Australia drought: Capturing spectacular storms in the outback

BBC - Wed, 2020-11-18 03:03
An Australian photographer says it feels "amazing" to capture spectacular images of long-absent storms.
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EU Climate Law deal could face delay over budget brouhaha -analysts

Carbon Pulse - Wed, 2020-11-18 02:46
An agreement between EU member states on a tougher 2030 climate target could be delayed until next year if governments are not able to iron out their differences on the bloc’s long-term budget, analysts said Tuesday.
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EU carbon market alone “can’t bridge funding gap” to 2030 target -senior official

Carbon Pulse - Wed, 2020-11-18 00:00
The EU ETS will be an important source of financing for the 27-nation bloc’s energy transition, but it cannot alone bridge the ‘financing gap’ needed to bring poorer member states on board with an enhanced 2030 emission goal, a senior European Commission official said on Tuesday.
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World’s leading researchers implore G20 to apply Covid lessons to climate response

RenewEconomy - Tue, 2020-11-17 23:01

UNSW Sydney's Professor Ian Jacobs and Professor Matthew England. (supplied).Dozens of the world's leading climate research institutions issue joint call for G20 leaders to apply lessons of Covid-19 to lead decarbonisation.

The post World’s leading researchers implore G20 to apply Covid lessons to climate response appeared first on RenewEconomy.

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Big oil and gas have a lot invested in Trump’s attack on the election system | Jonathan Watts

The Guardian - Tue, 2020-11-17 22:46

This ‘climate coup’ shows how terrified far-right Republicans and their fossil-fuel donors are of losing power in the long term

Calmer heads may yet talk Donald Trump down from caps-locked denial to lower-case concession, but the longer the defeated president flirts with a coup, the more the oil and gas industry must take a share of the blame.

Fossil-fuel firms are among the biggest donors to the defeated US president and the Republican party leaders who have endorsed his legal challenge to overturn the election result.

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Indian carbon trading firm to launch IPO

Carbon Pulse - Tue, 2020-11-17 20:59
India’s biggest carbon and renewable energy credit trading company is preparing to list on the BSE bourse in Mumbai in a bid to raise funds that will allow it to expand its activities.
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NZ Market: NZUs hit new highs as supply remains strained

Carbon Pulse - Tue, 2020-11-17 19:23
New Zealand emissions allowances rose to new record highs yet again in Tuesday trade as available supply remains thin and traders prepare for life without the fixed price option (FPO).
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