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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-07-18 21:55
European carbon was marginally weaker at midday on Tuesday after an early rise in prices unwound in a thin market and a prominent hedge fund manager revealed he was positioning for a sharp decline in prices.
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Zimbabwe-hosted carbon exchange in U-turn over accepting banned Russian credits

Carbon Pulse - Tue, 2023-07-18 20:21
A Zimbabwe-hosted carbon exchange has reversed course on accepting a Belarusian contribution of banned Russian credits to kick off trade, announcing that only African units will be allowed on the platform.
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Climate cooperation could redefine US-China relationship -Kerry

Carbon Pulse - Tue, 2023-07-18 20:10
The US and China should use climate cooperation to redefine their troubled diplomatic relationship, US climate envoy John Kerry on Tuesday told top Chinese officials as part of his three-day visit to Beijing, as the world’s two largest greenhouse gas emitters are resuming stalled talks on more rapid action to tackle climate change.
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New $50 mln fund established to protect national parks in developing countries

Carbon Pulse - Tue, 2023-07-18 19:02
A US non-profit has launched a $50 million fund that will focus on protecting endangered national parks in developing countries in a bid to help meet UN goals on biodiversity and climate.
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Consider the heatwave and floods: can we still save the planet for our children? I think we can | Gaia Vince

The Guardian - Tue, 2023-07-18 19:00

It is easy to despair as we leave one geological epoch and enter another. Our situation is dire, but we can address it

Land temperatures have hit 60Cin Spain, satellite data shows, with tourists warned to stay off beaches throughout the Mediterranean. Across the pond, more than 100 million Americans are still under extreme heat warnings. The “heat dome” squatting over the south sent thermometers soaring to 56C in Death Valley yesterday, close to the hottest ever recorded on Earth.

The sea is little cooler, with Florida ocean temperatures well above 30C. Further north on land, people are being rescued by dinghies and helicopters from suburban streets as heavy rain causes flooding across Pennsylvania and New York and into New England. Vermont has declared a state of emergency. The National Weather Service has issued a tornado watch for parts of the midwest, and a severe thunderstorm watch for other states. Parts of Canada have been on fire for months.

Gaia Vince is the author of Nomad Century: How to Survive the Climate Upheaval

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Vietnam PM orders forest carbon credit management directive

Carbon Pulse - Tue, 2023-07-18 17:56
Prime Minister Pham Minh Chinh has tasked two ministries with drawing up appropriate frameworks for carbon credit management, including a directive specifically addressing rules for trading forestry credits.
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Carbon ratings agency raises $57 mln in new funding round, eyes US expansion

Carbon Pulse - Tue, 2023-07-18 16:01
A carbon credit ratings agency has raised $57 million in Series B funding to expand its team and support growth in the US, the firm announced Tuesday.
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Traditional owners win court case to stop nuclear waste dump in South Australia

The Guardian - Tue, 2023-07-18 15:05

Judge sides with Barngarla people when blocking facility near Kimba, citing ‘apprehended bias’ of former Coalition resources minister Keith Pitt

Traditional owners opposing the federal government’s plan for a nuclear waste dump on their land in South Australia have had a major win, with a court ruling the facility can’t be built.

The Barngarla people were jubilant outside the federal court in Adelaide on Tuesday after justice Natalie Charlesworth said the commonwealth’s decision to build the dump near Kimba would be set aside.

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Locals in this British seaside town could revolutionise green energy – if the government lets them | Rebecca Willis

The Guardian - Tue, 2023-07-18 15:00

Voters want climate action but don’t trust politicians to do it. Could projects like a Whitehaven windfarm be the answer?

  • Rebecca Willis is professor of energy and climate governance at Lancaster University

The seaside town of Whitehaven, in the north-west of England, found itself at the centre of a political storm in May, when the levelling up, housing and communities secretary, Michael Gove, gave his approval for the UK’s first new deep coalmine in more than 40 years just outside the town.

But Whitehaven may soon be known for more than climate-wrecking coal. That is the ambition of Project Collette, a £3bn proposal for a windfarm off the Cumbrian coast to be part-owned by the local community – instigated by the Green Finance Community Hub in collaboration with the engineering firm Arup and community energy specialists Energy4All – and with the potential to power nearby industry. If Cumbrians could stand on the sandstone cliffs and look out at wind turbines they owned, and that had provided jobs for local people, that might just build the political support and engagement that is so vital to reaching our climate targets?

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China releases ETS rules to clarify permit carryover and borrowing issues

Carbon Pulse - Tue, 2023-07-18 14:33
China's environment ministry has published supplementary rules for participants in the national carbon market for the current compliance period (2021-22), providing more clarity on how companies can tackle their surplus allowances.
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Energy Insiders Podcast: Landmark green hydrogen deal with traditional landowners

RenewEconomy - Tue, 2023-07-18 14:26

Energy Insiders podcastPollination’s Rob Grant and Balinggarra’s Cissy Gore-Birch on landmark green hydrogen project around Ord River. Plus: To close or not to close coal.

The post Energy Insiders Podcast: Landmark green hydrogen deal with traditional landowners appeared first on RenewEconomy.

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Australia to begin accepting new ACCU method proposals from 2024, official says

Carbon Pulse - Tue, 2023-07-18 14:24
The Australian government will begin to accept expressions of interest (EOIs) for new methodologies under the Australian Carbon Credit Unit (ACCU) scheme from next year, and will soon consult on its new process for receiving, scrutinising, and approving them, a government official told a conference Tuesday.
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“Truly world leading:” Australia heads to 100 pct renewables and new heartbeat for grid

RenewEconomy - Tue, 2023-07-18 14:11

AEMO underlines world leading nature of its transition to 100 pct renewables and technology challenges in pushing coal and other synchronous generation out of the grid.

The post “Truly world leading:” Australia heads to 100 pct renewables and new heartbeat for grid appeared first on RenewEconomy.

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CP Daily: Monday July 17, 2023

Carbon Pulse - Tue, 2023-07-18 14:05
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

“If you’re not Paris aligned, you’re anti-humanity:” Garnaut slams Australia’s disorderly transition

RenewEconomy - Tue, 2023-07-18 14:00

Zen Energy's Anthony Garnaut joins chorus of industry voices calling for a policy shot-in-the-arm for renewables – including no climate wriggle room for corporations.

The post “If you’re not Paris aligned, you’re anti-humanity:” Garnaut slams Australia’s disorderly transition appeared first on RenewEconomy.

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A climate expert explains the Northern Hemisphere's weird, wild summer - and what it means for Australia

The Conversation - Tue, 2023-07-18 13:57
The predicted El Niño is a worry, but it doesn’t guarantee the record-breaking heat we’re seeing in parts of the Northern Hemisphere. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Experts sound the alarm on avoided emissions in California LCFS

Carbon Pulse - Tue, 2023-07-18 13:40
A panel of experts told California regulator ARB's Environmental Justice Action Committee (EJAC) meeting on Monday that avoided emissions from dairy digesters were being overcounted, overcompensated, and are offered perverse incentives under the state's Low Carbon Fuel Standard (LCFS).
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Australia to hammer out sectoral decarbonisation plans on way to net zero

Carbon Pulse - Tue, 2023-07-18 12:39
Australia on Tuesday announced it will start work to develop sector-specific emissions reduction plans for large parts of its economy that will feed into its work on setting a 2035 target and its strategy to reach net zero by mid-century.
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Extreme heat and weather around the world – in pictures

The Guardian - Tue, 2023-07-18 11:46

A month of floods, fire and heatwaves from Rome to Chile

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Extreme heatwave live: Rome braced for record 43C heat; second day of US-China climate talks begins

The Guardian - Tue, 2023-07-18 11:38

Northern hemisphere suffering severe heatwave and record temperatures; John Kerry signals ‘big steps’ at Beijing talks; China and Vietnam evacuate tens of thousands ahead of typhoon Talim

Meanwhile prolonged high temperatures in China are threatening power grids and crops and raising concerns about a repeat of last year’s drought, the most severe in 60 years.

Tens of thousands of people were evacuated in southern China and Vietnam on Monday as typhoon Talim barrelled towards land, AFP reports.

The China Meteorological Administration said typhoon Talim made landfall on the coast of Guangdong province at around 10:20 pm (1420 GMT).

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