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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-03-27 22:29
EU carbon prices were little changed at midday along with natural gas, after weekly commitment of traders data showed a fourth consecutive reduction in net short positions held by investment funds.
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Northumberland’s Farne Islands reopen to tourists after bird flu outbreak

The Guardian - Wed, 2024-03-27 22:19

Boats had been barred from landing since July 2022 owing to virus, which has ravaged populations of seabirds

The puffins started arriving two weeks ago – and now there are thousands of them fizzing around in a mad frenzy. They have joined kittiwakes, guillemots, razorbills, fulmars and shags. Soon Arctic terns will arrive after their epic journey across the world from the Antarctic.

This week humans arrived after a two-year ban from the Farne Islands in Northumberland, one of the UK’s most important sanctuaries for breeding seabirds.

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UK biodiversity net gain tool for small developers launches

Carbon Pulse - Wed, 2024-03-27 21:51
An online tool to help small developers comply with biodiversity net gain (BNG) laws has launched, ahead of the legislation coming into force for them on Apr. 2.
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Australia open to include OECMs in Nature Repair Market

Carbon Pulse - Wed, 2024-03-27 21:47
Australia on Wednesday released its second public consultation on Other Effective area-based Conservation Measures (OECMs), saying they might be approved for biodiversity crediting under the nation’s Nature Repair Market (NRM).
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Brazil, France announce €1 bln plan to ramp up financing towards “bioeconomy” in the Amazon

Carbon Pulse - Wed, 2024-03-27 21:45
The Brazilian and French presidents have announced a €1 billion investment plan to address climate change and deforestation in the Amazon, as Brazil strives to boost international funding for environmental protection under its G20 Presidency.
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Water companies in England face outrage over record sewage discharges

The Guardian - Wed, 2024-03-27 21:37

Call for environmental emergency to be declared after data reveals 105% rise in raw sewage discharges over past 12 months

Water companies in England have faced a barrage of criticism as data revealed raw sewage was discharged for more than 3.6m hours into rivers and seas last year in a 105% increase on the previous 12 months.

The scale of the discharges of untreated waste made 2023 the worst year for storm water pollution. Early data seen by the Guardian put the scale of discharges at more than 4m hours, but officials said the figures were an early estimate.

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Extreme heat summit to urge leaders to act on threat from rising temperatures

The Guardian - Wed, 2024-03-27 21:37

IFRC and USAid staging conference to draw attention to risks and share best practice in disaster alerts and response

Two of the world’s biggest aid agencies will host an inaugural global summit on extreme heat on Thursday as directors warn that the climate crisis is dramatically increasing the probability of a mass-fatality heat disaster.

The conference will highlight some of the pioneering work being done, from tree-planting projects to the development of reflective roof coverings that reduce indoor temperatures.

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Scientists say protecting biodiversity effective approach to avoid another pandemic

Carbon Pulse - Wed, 2024-03-27 20:54
Conserving natural areas and promoting biodiversity are "efficient methods" to prevent future pandemics, a study has shown.
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Seoul becomes first Korean city to earn carbon credits from bike-sharing scheme

Carbon Pulse - Wed, 2024-03-27 20:47
Seoul has become the first local government in South Korea to secure certified carbon emissions credits through its public bike-sharing programme. 
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Coal miner found underreporting emissions in Safeguard Mechanism – just part of a bigger problem, conservation fund says

Carbon Pulse - Wed, 2024-03-27 20:32
An Australian coal miner got its Scope 1 emissions assessment under the Safeguard Mechanism wrong, according to a conservation group that lobbied for documents filed to the Clean Energy Regulator (CER) via Freedom of Information (FOI) requests, but this is just the beginning of coal mining's emissions issues, the group said.
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England sewage spills more than double in 2023

BBC - Wed, 2024-03-27 20:31
Environment Agency data shows sewage spilled into England's waterways for over 3.6 million hours last year.
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Japan carbon market attracts over 700 participants as emissions coverage increases -ministry

Carbon Pulse - Wed, 2024-03-27 19:46
Japan's voluntary domestic carbon market has recently added almost 200 new participants, further expanding the share of national emissions covered, the Ministry of Economy, Trade and Industry (METI) announced on Wednesday.
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Rising temperatures could lead to Australian soils becoming a net emitter, study finds

Carbon Pulse - Wed, 2024-03-27 19:41
International research has found that a warming climate will turn Australia’s soil into a net emitter of carbon dioxide.
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Pressure on for Australian govt to halt massive Woodside LNG life extension

Carbon Pulse - Wed, 2024-03-27 19:28
One of Australia’s most noted retired statesmen and politicians has co-signed a letter asking the environment minister to reject Woodside Energy’s plan to extend the life of a 40-plus year old LNG export plant to 2070, a move seen to result in several billion tonnes of CO2e emissions.
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Marine protected areas can benefit fishing, tourism with profits in the billions, study reveals

Carbon Pulse - Wed, 2024-03-27 18:30
An assessment of marine protected areas (MPAs) in 34 countries has revealed that ocean conservation can generate significant economic benefits to the fishing and tourism industries, with some profits in the billions.
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AU Market: ACCU price slumps over fresh integrity concerns as participants frustrated at lack of resolution

Carbon Pulse - Wed, 2024-03-27 18:29
The Australian Carbon Credit Unit (ACCU) market faced a downturn Wednesday in the wake of a fresh study damning the integrity of human-induced regeneration (HIR) projects.
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