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CARBON WORLDS
Europe carbon price hits new record
by AFP Staff Writers
London (AFP) Nov 25, 2021

European carbon prices surged Thursday to a record peak, one day after Germany's new coalition government indicated it could set a floor for the market.

Just before midday, prices hit an all-time pinnacle at 74.39 euros per tonne, extending Wednesday's record-breaking run.

Carbon trading, a key way to prevent climate change, involves companies buying the right to pollute from others who have a lower carbon footprint.

Germany's centre-left SPD, Greens and liberal FDP presented their plans on Wednesday for the eurozone member nation's next ruling coalition.

Climate protection features prominently in the coalition accord, with the Greens getting their way on bringing Germany's exit from coal forward to 2030 from 2038.

"The carbon price ... was boosted by the coalition deal agreed between the SPD, Greens and FDP parties in Germany, which will give high priority to carbon pricing," noted Commerzbank analyst Barbara Lambrecht.

"The coalition intends to campaign for a minimum price in the EU. If no agreement can be reached at EU level, national measures ... are to ensure a carbon price of 60 euros."

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CARBON WORLDS
Graphene-like 2D material leverages quantum effects for ultra-low friction
Toronto, Canada (SPX) Nov 19, 2021
A team of researchers from University of Toronto Engineering and Rice University have reported the first measurements of the ultra-low-friction behaviour of a material known as magnetene. The results point the way toward strategies for designing similar low-friction materials for use in a variety of fields, including tiny, implantable devices. Magnetene is a 2D material, meaning it is composed of a single layer of atoms. In this respect, it is similar to graphene, a material that has been studied ... read more

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