Around The Web

Following the publication of technical documents by the Science Based Targets initiative (SBTi), which included both scenarios for including carbon credits under its revised net-zero corporate standard as well as a paper describing their use as risky and ineffective, voluntary market stakeholders have reacted with confusion at the developments and expressed frustration at the long wait until a final decision.

Canada-based Carbon RX has signed an agreement with a Manitoba rancher to enroll their land into a regenerative grassland management programme.

Countries around Europe have adopted ambitious policies in order to capitalise on the emerging carbon capture and storage (CCS) industry - but costs are set to differ significantly across sectors and countries, according to pricing data shared with and analysed by Carbon Pulse.

The Taskforce on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI) have released guidelines to help companies align their nature-related disclosures.

From definitive default values for imported goods to anti-circumvention rules on trade, there are still plenty of unknowns associated with the EU’s Carbon Border Adjustment Mechanism (CBAM) that make the bloc’s carbon tariff a very high risk policy, according to the European steelmakers association, Eurofer.

A US-based durable carbon removal startup announced the successful closing of a $30 million Series A funding round on Tuesday.

Australia’s Fortescue, an iron ore giant with a sideline in clean energy, has signed a non-binding agreement with a shipping company to collaborate on decarbonising the sector.

A single approach to measuring nature is emerging as the core method across disclosures, targets, and biodiversity credit markets, researchers said in an article seen by Carbon Pulse.

European carbon prices slipped back into the middle of the range they have occupied for the last month and a half as natural gas prices declined, removing some of the support that had underpinned last week's rally.

New Zealand is on track to reach its first interim emissions reduction target based on a swathe of data assessed by the independent Climate Change Commission, but uncertainty persists, its inaugural annual monitoring report released Tuesday found.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has launched an independent forum to give Indigenous Peoples "a strong voice" in ensuring finance from carbon credits flows to local communities.

The Science Based Targets initiative (SBTi) will formally consider the use of voluntary carbon credits under its corporate net-zero standard, according to technical papers published Tuesday, with proposals that would allow companies to use units towards climate targets under certain circumstances.

Existing biodiversity credit methodologies largely fail to address uncertainty in measuring biodiversity change, which could result in misleading assessments of nature conservation and restoration projects, researchers have told Carbon Pulse.

BP tilted further away from the energy transition as it published bumper second quarter results, announcing it was scaling back plans for new biofuels projects and investing in Gulf of Mexico oil production, a month after it emerged that it has put further investment in offshore wind projects on pause.

One of Japan's agricultural cooperatives has teamed up with several domestic partners to kick off a comprehensive emissions reduction programme in the hope of driving down emissions from the country's livestock sector.

Researchers call for immediate action to reduce methane emissions and avert dangerous escalation in climate crisis

Global emissions of methane, a powerful planet-heating gas, are “rising rapidly” at the fastest rate in decades, requiring immediate action to help avert a dangerous escalation in the climate crisis, a new study has warned.

Methane emissions are responsible for half of the global heating already experienced, have been climbing significantly since around 2006 and will continue to grow throughout the rest of the 2020s unless new steps are taken to curb this pollution, concludes the new paper. The research is authored by more than a dozen scientists from around the world and published on Tuesday.

Continue reading...

Fortescue signs MoU with the world's biggest shipping company to test the possibilities of using green ammonia as a clean fuel to help transport green iron.

The post Fortescue tests green ammonia market with world’s biggest shipping company appeared first on RenewEconomy.

The Australasian Centre for Corporate Responsibility (ACCR) has pulled out of its advisory role with Australian mining giant Rio Tinto after just a year, with the activist shareholder group saying Tuesday it was the result of revelations Rio “engaged in negative advocacy that undermines a public commitment to an enhanced approach to climate advocacy”.

Why do governments still give billions to encourage fossil fuel production? The answer is often to shore up energy supplies. Bernard Njindan Iyke, Lecturer in Finance, La Trobe University Licensed as Creative Commons – attribution, no derivatives.

Emerging Australian solar recycling outfit Elecsome has inked another promising deal with another big energy market player.

The post Pioneering Australian “solar upcycling” start-up strikes deal with Italian energy giant appeared first on RenewEconomy.