Around The Web

Tech company, brokerage launch regulated trading platform for tokenised environmental assets

Carbon Pulse - Thu, 2024-02-08 04:55
A US-based tech company specialising in environmental assets and a German brokerage have launched a regulated trading platform for tokenised renewable energy certificates (RECs).
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US venture capital firm raises $100 mln again for climate tech startups

Carbon Pulse - Thu, 2024-02-08 04:07
A US-based venture capital firm has secured $100 million in its second funding round, primarily earmarked for Series A investments in companies working towards decarbonisation, the company announced Wednesday.
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ANALYSIS: New review for zero-rated BC forest carbon project after key data surfaces

Carbon Pulse - Thu, 2024-02-08 04:05
A large voluntary forest carbon project in British Columbia, developed by a major Canadian timber company, will have its initial 'zero' grade issued by a US-based ratings firm reviewed after important data said to be missing was made publicly available.
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8 TAKEAWAYS: Rocky road ahead for the EU’s 2040 targets and carbon management plan

Carbon Pulse - Thu, 2024-02-08 03:50
The European Commission's recommendations on Tuesday that the EU aim to reduce emissions by 90% by 2040 and deploy carbon capture to help get there marked the beginning of a rocky road of further climate negotiations.
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US court bans three weedkillers and finds EPA broke law in approval process

The Guardian - Thu, 2024-02-08 03:36

Ruling, specific to three dicamba-based weedkillers, is major blow to Bayer, BASF and Syngenta

Dealing a blow to three of the world’s biggest agrochemical companies, a US court this week banned three weedkillers widely used in American agriculture, finding that the Environmental Protection Agency (EPA) broke the law in allowing them to be on the market.

The ruling is specific to three dicamba-based weedkillers manufactured by Bayer, BASF and Syngenta, which have been blamed for millions of acres of crop damage and harm to endangered species and natural areas across the midwest and south.

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Climate-focused guarantee company aims to unlock billions in green finance

Carbon Pulse - Thu, 2024-02-08 03:29
A climate finance company launched this week aims to unlock billions for developing countries by providing guarantees for institutional investors buying green bonds on the London Stock Exchange.
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Norwegian sovereign fund identifies ‘very high’ nature risks in first TNFD disclosure step

Carbon Pulse - Thu, 2024-02-08 03:28
Norges Bank Investment Management (NBIM), which oversees Norway’s $1.4 trillion sovereign wealth fund, has highlighted the significant impacts and dependencies on biodiversity linked to its investees' sectors, in its first step towards adopting the TNFD's recommendations.
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Biodiversity credits will “counterbalance” negative corporate impacts, expert says

Carbon Pulse - Thu, 2024-02-08 02:32
Corporations will use biodiversity credits to “counterbalance” the harm they inflict on nature throughout their supply chains, but the practice should not be called offsetting, a data expert has predicted.
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Verra launches consultation on refrigerant methodology as part of carbon crediting reform efforts

Carbon Pulse - Thu, 2024-02-08 00:36
Verra has launched a public consultation on proposed revisions to a refrigerant leak detection methodology as part of revisions to parts of its carbon crediting programmes.
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Non-EU shipping companies struggle to navigate ETS rules in tight timeframe

Carbon Pulse - Thu, 2024-02-08 00:18
The European Commission’s list of shipping companies and assigned countries for participating in the EU ETS is causing administrative burdens for firms outside the bloc - with little time in which to navigate the new rules.
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Energy transition fund for developing countries receives EIB backing

Carbon Pulse - Thu, 2024-02-08 00:01
A blended finance fund dedicated to investing in clean energy and infrastructure in developing countries has received $282 million of commitments, bolstered by a recent investment from the European Investment Bank (EIB).
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Tumbling biochar prices tap into growing demand in nascent carbon removals market

Carbon Pulse - Wed, 2024-02-07 23:32
Crashing prices have boosted interest in biochar credits in the nascent carbon removal market, although big ticket punts have catapulted direct air capture (DAC) as well as bioenergy with carbon capture and storage (BECCS), into the limelight and skewed emerging drivers of demand, a review of 2023 has revealed.
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CN Markets: CEA price goes up, volumes down as market prepares for week-long Lunar New Year break

Carbon Pulse - Wed, 2024-02-07 22:53
Allowance prices in China's carbon market moved up over the past four trading days despite recent regulatory news, while only hundreds of credits changed hands in the national offset market amid diminishing demand.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-02-07 22:26
European carbon prices were little changed on Wednesday morning as the lack of a daily auction and inconclusive weekly position data failed to offer any impetus to the market while mixed energy markets also failed to give any direction, setting EUAs up to return the narrowest daily trading range in nearly three years.
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Danish agtech startup buys UK-based farm management software company to boost soil carbon efforts

Carbon Pulse - Wed, 2024-02-07 21:31
A Danish tech startup specialising in regenerative agriculture finance and technology has acquired a UK-based farm management software business that has thousands of farmer clients across more than 100 countries.
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This is the year of the climate election. Journalists should cover it that way | Mark Hertsgaard and Kyle Pope

The Guardian - Wed, 2024-02-07 21:01

The press is covering the 2024 campaign as if climate isn’t on the ballot, but 56% of US voters are ‘concerned’ or ‘alarmed’ about the crisis

Fact one: more voters face national elections in 2024 than ever before in recorded history – about 4 billion people, nearly half the human population.

Fact two: last year was the hottest in recorded history – and scientists warn that oil, gas and coal burning must be rapidly phased out if we are to preserve a livable planet.

Mark Hertsgaard is executive director and co-founder of Covering Climate Now, a global journalism collaboration committed to more and better coverage of the climate story, and the Nation magazine’s environment correspondent

Kyle Pope is executive director of strategic initiatives and co-founder of Covering Climate Now, and a former editor and publisher of the Columbia Journalism Review

This article is published here as part of the global journalism collaboration Covering Climate Now

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Joe Biden just did the rarest thing in US politics: he stood up to the oil industry | Bill McKibben

The Guardian - Wed, 2024-02-07 21:01

The Biden administration suspended new permits for natural gas terminals. Can we see more of this kind of backbone?

Ten days ago Joe Biden did something remarkable, and almost without precedent – he actually said no to big oil.

His administration halted the granting of new permits for building liquefied natural gas (LNG) export terminals, something Washington had been handing out like M&Ms on Halloween for nearly a decade. It’s a provisional “no” – Department of Energy experts will spend the coming months figuring out a new formula for granting the licenses that takes the latest science and economics into account – but you can tell what a big deal it is because of the howls of rage coming from the petroleum industry and its gaggle of politicians.

Bill McKibben is the founder of Third Act, which organizes Americans over 60 for progressive action and which worked this fall to persuade the administration to stop granting the LNG permits

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Environment Agency failed to protect River Wye from chicken waste, court to hear

The Guardian - Wed, 2024-02-07 20:14

Campaigners argue in legal challenge that loophole has allowed poultry farmers to pollute river

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The Environment Agency and the UK government failed to protect the River Wye from catastrophic decline by allowing pollution from industrial chicken farming to saturate the land and devastate the protected river, a legal challenge is to argue.

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