Writing is mine. Stories sourced from Telborg.
In top news from Telborg today:
Hong Kong Exchange has signed an MoU with 3 other Asian exchanges - Guangzhou, Shenzhen, and Maco - to cooperate on voluntary carbon markets
California-Brazil Climate Partnership on market-based carbon pricing, high-quality carbon offsets, clean transportation, conservation of 30% lands and oceans by 2030, strengthening air quality management.
McKinsey review of Ocean-based CDR - pilot costs of $900-1300 per ton
The UK will run a feasibility study for large-scale geological hydrogen storage in the Knapton area in North Yorkshire.
The UK is installing 5 quantum magnetometers across the country to cover the gaps between three existing observatories.
Quantum magnetometers are highly sensitive instruments that can detect variations in the Earth’s magnetic field with extreme precision. These new sensors will provide data to BGS that will give scientists a more comprehensive understanding of how the magnetic field changes during extreme magnetic storms. These are the same storms that trigger aurorae like those the UK experienced during May 2024.
Magnetic storms can affect power grids, Global Navigation Satellite System (GNSS) receivers and railway signals. The initiative will allow small-scale magnetic variations to also be monitored, and allow governments and industries to be better informed of magnetic risks to technology and infrastructure.
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