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Sharp rise in number of climate lawsuits against companies, report says

The Guardian - Thu, 2024-06-27 15:00

About 230 cases filed against corporations and trade associations around world since 2015

The number of climate lawsuits filed against companies around the world is rising swiftly, a report has found, and a majority of cases that have concluded have been successful.

About 230 climate-aligned lawsuits have been filed against corporations and trade associations since 2015, two-thirds of which have been initiated since 2020, according to the analysis published on Thursday by the Grantham Research Institute on Climate Change and the Environment.

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Carbon removal marketplace launches live pricing, availability data for biochar

Carbon Pulse - Thu, 2024-06-27 15:00
A UK-based carbon removal marketplace is kickstarting live pricing and availability data for biochar carbon removals in a bid to improve market transparency and boost trading volumes.
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EU energy infrastructure plans at odds with 2030 climate target, Scientists warn

Carbon Pulse - Thu, 2024-06-27 14:31
Draft scenarios for long-term energy infrastructure development at EU level are incompatible with the bloc's 2030 climate goal, and underestimate the cost of technologies like hydrogen and carbon capture and storage (CCS), scientists warned on Thursday.
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World Bank announces $700 mln loan for Egypt to develop domestic carbon market, green transition

Carbon Pulse - Thu, 2024-06-27 11:31
The World Bank will award $700 million in loans for Egypt to support a greener growth trajectory, including the establishment of a voluntary carbon market (VCM) regulatory framework, according to a release Monday.
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EU energy firms continued to dominate list of top ETS emitters last year, report shows

Carbon Pulse - Thu, 2024-06-27 11:15
European energy firms dominated the list of top emitters under the EU ETS last year, with Polish utility PGE leading the charge, according to a report released Wednesday.
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Republicans file brief supporting appeals against SEC climate disclosure rules

Carbon Pulse - Thu, 2024-06-27 11:13
A group of Republicans in the US House and Senate filed an amicus brief in a federal appeals court siding with litigation against the Securities and Exchange Commission’s (SEC) contested climate regulation.
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European DAC startup founded by ex-Tesla engineer raises €6 mln from investors

Carbon Pulse - Thu, 2024-06-27 11:00
A European direct air capture startup founded by a former Tesla engineer has raised €6 million in a seed funding round.
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New Zealand govt appoints methane science and targets review panel

Carbon Pulse - Thu, 2024-06-27 10:39
The New Zealand government has appointed an independent review panel on the country’s methane science and targets, alongside its terms of reference, it announced Thursday.
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Achieving net zero with renewables or nuclear means rebuilding the hollowed-out public service after decades of cuts

The Conversation - Thu, 2024-06-27 10:35
Public ownership is back in vogue, after the Coalition promised publicly owned nuclear plants in a decade. The problem is, the public service has been hollowed out. John Quiggin, Professor, School of Economics, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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ARB issues lowest California offsets YTD, 2024 pace lags 2023

Carbon Pulse - Thu, 2024-06-27 10:25
California regulator the ARB issued its lowest number of offsets since the winter holidays in its most recent two-week issuance period, with the year-to-date pace now lagging behind 2023 numbers, agency data released Wednesday showed.
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Alberta TIER credit retirements could reach 10 mln this year, says research firm

Carbon Pulse - Thu, 2024-06-27 09:46
Credit retirements under the Alberta Technology Innovation and Emissions Reduction (TIER) programme may reach 10 million tonnes this year, matching offsets and Alberta Emissions Performance Credits (EPCs) generation, a research firm said Wednesday.
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Canada announces first two-way carbon contract for difference

Carbon Pulse - Thu, 2024-06-27 09:22
Canada’s C$15 billion ($10.9 bln) public investment vehicle has signed a carbon contract for difference (CCfD) with a municipal energy company at an initial strike price per tonne of CO2 for a 10-year term.
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Swiss agency aims for three project types under Article 6 in Chile

Carbon Pulse - Thu, 2024-06-27 09:12
The Swiss industry agency arranging many Article 6 deals on the country’s behalf is aiming to support three kinds of mitigation projects in Chile, Carbon Pulse heard on the sidelines of a summit in Colombia on Tuesday.
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