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Ukrainian group calls for force majeure relief from CBAM fees

Carbon Pulse - Wed, 2024-06-26 22:48
Ukrainian industries risk incurring financial losses from the EU's Carbon Border Adjustment Mechanism (CBAM), unless the two sides can quickly agree to recognise a 'force majeure' and exempt the war-torn country from incoming carbon fees, according to a Ukrainian think-tank.
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Air freight greenhouse gas emissions up 25% since 2019, analysis finds

The Guardian - Wed, 2024-06-26 22:00

Boom in air cargo due to shoppers’ expectations of speedy delivery and shift in post-pandemic economy, researchers say

Air freight operators have increased their greenhouse gas emissions by 25% compared with 2019, analysis has found.

In 2023, air freight operators ran about 300,000 more flights than in 2019, an increase in flight volume of almost 30%. The US accounted for more than 40% of global air freight emissions, according to the report by campaign group Stand.earth.

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BRIEFING: Article 6 deals could help to close the climate finance gap, expert says

Carbon Pulse - Wed, 2024-06-26 21:57
The voluntary market is inherently limited in its ability to deliver large-scale carbon reductions, so policies should focus on the Paris Agreement's Article 6, as well as compliance markets, to drive market growth, a prominent academic said at an event in London. 
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-06-26 21:52
After making early gains in line with natural gas, European carbon prices broke away and fell back to reach midday nearly unchanged, even as weekly position data showed investment funds had reduced length for a fourth consecutive week and UK Allowance prices continued to rally after last week's profit taking.
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Saving the world’s most threatened species through expanded protected areas less costly than expected, study says

Carbon Pulse - Wed, 2024-06-26 21:18
Expanding protected areas (PAs) to include 1.2% of the world’s terrestrial surface would help save the most threatened species from extinction at a lower cost than expected, a paper has said.
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Women exposed to ‘forever chemicals’ may risk shorter breastfeeding duration

The Guardian - Wed, 2024-06-26 21:00

Higher PFAS exposure could cause lactation to slow or stop altogether within six months, new research finds

Women exposed to toxic PFAS “forever chemicals” prior to pregnancy face an elevated risk of being unable to breastfeed early, new research finds.

The study tracked lactation durations for over 800 new moms in New Hampshire and found higher PFAS exposure could cause lactation to slow or stop altogether within six months.

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China to launch national issuance and trading system for domestic green certificates

Carbon Pulse - Wed, 2024-06-26 20:55
A national system for the issuance and trading of China's Green Electricity Certificates (GECs) will be officially launched at the end of this week to underpin the development of the renewable sector, though the linkage between the GEC scheme and the national carbon market remains unclear.
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Japanese developer, Filippino biochar producer partner to generate credits across Southeast Asia

Carbon Pulse - Wed, 2024-06-26 20:41
A Tokyo-based project developer has teamed up with a biochar producer in the Philippines to generate carbon credits across the Southeast Asian region, it announced Wednesday.
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Canada launches C$335 mln fund to support Indigenous-led marine conservation

Carbon Pulse - Wed, 2024-06-26 20:38
Canada's federal government announced on Tuesday a C$335 million ($245 mln) allocation in blended finance to support First Nations in the preservation and stewardship of the Great Bear Rainforest's marine and coastal environment.
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INTERVIEW: New forest carbon standard seeks to disconnect revenue from credit issuance, ensure community buy-in

Carbon Pulse - Wed, 2024-06-26 19:38
A new forest carbon standard is looking to take an area-based model to how it generates revenue, rather than being paid for how many credits it issues to a project, and will require transparent benefit sharing among all project stakeholders to ensure community approval.
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‘Reform or go out of business,’ carbon offsetting industry told

The Guardian - Wed, 2024-06-26 19:00

Study finds carbon credits could raise billions for climate action but only with changes, such as rigorous standards

The carbon-credit market must reform or “go out of business”, leading scientists have concluded in an international review of the offsetting industry.

The market for carbon offsets shrank dramatically last year after a series of scientific and media reports found many offsetting schemes had little environmental impact.

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Lake District sewage campaigners launch nuisance complaint in legal first

The Guardian - Wed, 2024-06-26 17:43

Statutory nuisance complaint lodged by Save Windermere against United Utilities is a first over sewage pollution

Campaigners fighting to stop sewage discharges into Windermere, the Lake District’s largest lake, have made a statutory nuisance complaint against a water company in the first legal action of its kind.

The civil complaints are normally used in noise disputes, or over noxious smells. But the environmental barrister Nicholas Ostrowski has for the first time lodged a complaint on behalf of campaign group Save Windermere against United Utilities over raw sewage discharges into the lake.

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Australian pension fund hits back on demands to divest from coal

Carbon Pulse - Wed, 2024-06-26 17:14
Simply divesting  from fossil fuel companies is a poor tactic in the transition to net zero, an Australian pension fund said Wednesday after being criticised for walking back its exclusion policy on coal.
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Indonesia joins forces with US philanthropy in massive push to protect rainforest, restore biodiversity

Carbon Pulse - Wed, 2024-06-26 17:00
The government of Indonesia has formed a partnership with a US-based philanthropy to restore nature and biodiversity by safeguarding 15 million hectares of rainforest in the Southeast Asian country.
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Labor defends approval of Gina Rinehart-backed gas project in Senate – video

The Guardian - Wed, 2024-06-26 16:28

Facing accusations from Greens senator Sarah Hanson-Young that the approval of a Senex Energy coal seam gas project would threaten koala habitat, Labor senator Penny Wong defended the move, saying the approval comes with 'strict limits on habitat loss'

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Carbon standard plans to issue first biodiversity credits by year end

Carbon Pulse - Wed, 2024-06-26 16:03
A voluntary carbon standard plans to issue its first batch of biodiversity credits generated through two separate projects in Latin America by the end of the year, a company executive told Carbon Pulse.
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Nuclear energy creates the most dangerous form of radioactive waste. Where does Peter Dutton plan to put it?

The Conversation - Wed, 2024-06-26 15:33
Nuclear power stations produce high-level radioactive waste. It is dangerous for hundreds of thousands of years — and so far, the world has failed to deliver a safe, permanent storage method. Rosemary Hill, Adjunct Professor, James Cook University Ian Lowe, Emeritus Professor, School of Environment and Science, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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Pertamina, NYK to collaborate on liquefied CO2 transport, establish joint ship management company

Carbon Pulse - Wed, 2024-06-26 15:17
Indonesia’s Pertamina has signed an agreement with Japan’s NYK Line to establish a ship management company as well as collaborate on liquified carbon dioxide (LCO2) and LNG transportation.
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