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California LCFS surplus storms to all-time high after Q1 renewable diesel deluge

Carbon Pulse - Sat, 2022-07-30 07:23
The credit bank for California’s Low Carbon Fuel Standard (LCFS) spiked to a record high during the first quarter of 2022, as the usage of renewable diesel (RD) and electricity-based transportation fuel pathways continued to proliferate.
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Spain to propose to place a cap on EU ETS prices

Carbon Pulse - Sat, 2022-07-30 05:09
Spain will send a proposal to the EU to cap prices in the bloc’s carbon market to try to curb energy prices and inflation, Prime Minister Pedro Sanchez said Friday.
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Single-use plastic carrier bags use down 20% since 10p charge

BBC - Sat, 2022-07-30 04:40
But environmentalists say the government must go much further to tackle the plastic problem.
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Coal burn to drive 2022 EUAs to mid-€80s and EU power sector emissions above 2021 levels -analysts

Carbon Pulse - Sat, 2022-07-30 04:14
European carbon prices are expected to bounce back from their recent dip as increased coal burn and EU market reforms will offset the impact of the bloc's recent gas use agreement to drive power sector emissions above 2021 levels, according to analysts.
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IAG commits to double SAF buying as European airlines feel squeeze from carbon markets

Carbon Pulse - Sat, 2022-07-30 03:16
European airlines were keen to highlight environmental credentials in results this week, with British Airways' owner IAG announcing on Friday it will double its sustainable aviation fuel (SAF) buying.
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COMMENT: Transparency holds the key to a $100 billion opportunity

Carbon Pulse - Sat, 2022-07-30 02:07
Today’s voluntary carbon market (VCM) and the use of carbon credits to support net zero are at a crossroads. Embracing transparency offers a way forward, argues Tommy Ricketts of BeZero Carbon.
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Drake defends his short private jet flights – by saying plane was empty

The Guardian - Sat, 2022-07-30 01:50

The rapper’s explanation made his plane’s short hop flights even more of a climate disaster, critics pointed out

Drake, the rapper, has attempted to defend his use of a large private plane for a series of flights that lasted less than 20 minutes – by revealing that the aircraft was being moved to a storage location with no passengers on board.

The Canadian music star and several other celebrities, including the socialite and business owner Kylie Jenner, have recently been attacked online for using their private jets for short journeys that could easily be undertaken by car or public transport.

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FEATURE: Huge looming REDD issuance sparks unease in voluntary carbon market

Carbon Pulse - Sat, 2022-07-30 00:10
A massive REDD+ carbon credit issuance expected in the coming months has sparked unease from some experts that say the tens of millions of forest protection units are not fit for the voluntary market, while the willingness of buyers to support the efforts remains in the balance.
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European utilities flag increase in ETS-covered fossil generation

Carbon Pulse - Fri, 2022-07-29 23:48
Several European utilities confirmed a surge in their fossil-based generation covered by the EU ETS in H1 results this week, as plunging hydro output due to drought-like conditions across Iberia, and nuclear availability issues tightened supply margins.
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Making a comeback: rewilding in Europe gets a £4m funding boost

The Guardian - Fri, 2022-07-29 23:34

Native wildlife will be reintroduced across Europe in a bid to reduce atmospheric carbon and promote tourism

A European environmental organisation is looking to expand its number of rewilding landscapes – areas where endangered wildlife is reintroduced and protected – after being awarded a grant of £4.1m.

The grant has been pledged towards Rewilding Europe in hopes of scaling up rewilding efforts throughout several parts of the European continent.

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EPA: game not over, says environmental agency leader after supreme court blow

The Guardian - Fri, 2022-07-29 23:29

The Biden administration will work around court ruling by setting new limits on ozone and coal ash to hasten closing of coal plants

The US Environmental Protection Agency plans to use new limits on traditional pollutants such as ozone and coal ash to encourage the retirement of the nation’s remaining coal-fired power plants, according to EPA chief Michael Regan.

The approach reflects how the Biden administration intends to forge ahead with goals to decarbonize the power sector despite the recent ruling from the supreme court limiting the agency’s ability to impose sweeping climate regulations.

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Conversations with James Lovelock, the scientist at the end of the world

The Guardian - Fri, 2022-07-29 23:00

Interviewing Jim for a biography revealed there was far more to him – and his influence on the modern world – than almost anyone realises

In science and life, the reward for a curious mind is to look for one thing and find another that is more interesting. That was how James Lovelock – conceiver of the Gaia theory – explained the outlook that made him one of the most influential thinkers of the past century, and he encouraged me to apply the same approach in interviewing him over the past two years for a biography.

What it revealed was that, even beyond the laudatory obituaries and tributes that followed his death at 103, there was far more to Jim – and his influence on the modern world – than almost anyone realises.

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2022-07-29 21:31
EUAs drifted on Friday morning as the market consolidated after the previous session's near-4% gain, holding above a key technical support as energy markets pared the week's strong rises.
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Fears that Egypt may use Cop27 to whitewash human rights abuses

The Guardian - Fri, 2022-07-29 20:28

Naomi Klein and Caroline Lucas among signatories to letter voicing concerns over country’s hosting of climate summit

A hundred days before the Cop27 summit is due to start in Sharm el-Sheikh, a group of environmentalists and activists have expressed alarm over Egypt’s ability to host the event successfully because of its poor record on human rights, as thousands of prisoners of conscience remain behind bars.

“We are deeply concerned that [a successful conference] will not be possible due to the repressive actions of the Egyptian government,” they said. “Indeed, it seems more likely at this point that the conference will be used to whitewash human rights abuses in the country.”

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CN Markets: CEA price barely changes amid lukewarm sentiment

Carbon Pulse - Fri, 2022-07-29 19:40
The spot price for Chinese carbon allowances barely moved over the past week due to lukewarm market sentiment, while the offset sector experienced a breath of fresh air from the Guangzhou bourse.
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China rocket: Uncontrolled return to Earth raises concern

BBC - Fri, 2022-07-29 19:38
It's very unlikely to hit a populated area but raises questions about countries' handling of space junk.
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Nepal’s tiger numbers recover but attacks on people cause alarm

The Guardian - Fri, 2022-07-29 19:33

Nepalese population of Bengal tigers has nearly tripled in 12 years and conflict with humans is increasing

Nepal’s tiger population has nearly tripled in 12 years, the country’s prime minister has announced. But concerns about the human cost of the big cat’s recovery are growing after a rise in fatal attacks.

From a low of 121 in 2010, the Nepalese population of Bengal tigers has risen to 355, according to the latest survey, revealed by the prime minister, Sher Bahadur Deuba, to mark International Tiger Day on Friday.

Find more age of extinction coverage here, and follow our biodiversity reporters Phoebe Weston and Patrick Greenfield on Twitter for all the latest news and features.

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Southern Water announces hosepipe ban amid UK drought fears

The Guardian - Fri, 2022-07-29 19:31

Ban introduced for Hampshire and Isle of Wight after driest July in England since 1911

Southern Water has become the first mainland UK utilities company to announce drought measures, including a hosepipe ban, after record dry temperatures across the country.

A hosepipe ban will be implemented in Hampshire and the Isle of Wight to protect the River Test and River Itchen as they hit low levels owing to lack of rainfall. About 1.5 million people are expected to be affected by the measures.

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China’s Hainan to develop first blue carbon projects as trading platform launch nears

Carbon Pulse - Fri, 2022-07-29 18:08
The government of China’s Hainan province has issued a plan to roll out its first batch of blue carbon projects as plans move ahead to launch a purely ocean and marine-based offset exchange on the island later this year.
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The week in wildlife – in pictures

The Guardian - Fri, 2022-07-29 17:00

The best of this week’s wildlife pictures, including a released spider monkey, deep sea creatures and a jagged ambush bug

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