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Australia Market Roundup: Rio Tinto acquires larger stake in Queensland smelting company, ACCU issuance dips

Carbon Pulse - Tue, 2024-06-11 11:44
Anglo Australian miner Rio Tinto has acquired Mitsubishi Corporation’s interest in an aluminium smelting company, Rio announced Tuesday, which operates a smelter covered under the Safeguard Mechanism.
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LCFS Markets: Clean fuels programme credit prices dive across US Northwest markets

Carbon Pulse - Tue, 2024-06-11 10:37
Credit values for both Oregon Clean Fuels Program (OCFP) and Washington Clean Fuel Standard (WCFS) plummeted towards the end of last week, while California's Low Carbon Fuels  Standard (LCFS) credit prices remain pressured in recent months.
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Verra suspends registry account linked to Brazilian carbon credit fraud investigation

Carbon Pulse - Tue, 2024-06-11 08:21
Verra has suspended a registry account linked to three projects that are reportedly the subject of a fraud probe launched by the Brazilian Federal Police (PF) last week.
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Increased water demand for CO2 capture from ethanol plants may deplete Iowa’s aquifers, says non-profit

Carbon Pulse - Tue, 2024-06-11 07:01
Iowa’s ethanol plants that have partnered with a CO2 pipeline developer would require 3.36 billion gallons (12.7 bln litres) of water every year to capture carbon, potentially depleting the state’s aquifers, according to an environmental non-profit.
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RGGI Market: Prices reverse higher after record Q2 allowance clear

Carbon Pulse - Tue, 2024-06-11 06:42
RGGI Allowance (RGA) prices reversed course from the week’s downslide as the Q2 auction record settlement beat market expectations.
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New York Senate approves Clean Fuel Standard bill, proposal in limbo again

Carbon Pulse - Tue, 2024-06-11 06:39
The New York State Senate approved Friday a bill seeking to establish a Clean Fuel Standard (CFS), but the proposal once again failed to clear both chambers ahead of the end of the legislative session.
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INTERVIEW: Loopholes are temporary, decarbonisation is forever for ships under EU ETS

Carbon Pulse - Tue, 2024-06-11 06:14
The extension of the EU ETS to maritime shipping on Jan. 1 will not result in fee-dodging at a meaningful scale, or for a protracted period, keeping up a manageable pressure to decarbonise, two industry experts have told Carbon Pulse, despite fears to the contrary.
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We have a moral responsibility to help low-income nations restore coral reefs

The Conversation - Tue, 2024-06-11 06:08
Around the world, coral reefs are suffering. But scientists in high-income nations are developing new ways to build coral resilience. We have a duty to share our skills and build capacity elsewhere. Mark Gibbs, Lead - Pilot Deployments Program (AIMS); Professor (Queensland University of Technology; Adjunct), Australian Institute of Marine Science Licensed as Creative Commons – attribution, no derivatives.
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Weakening or collapse of a major Atlantic current has disrupted NZ’s climate in the past – and could do so again

The Conversation - Tue, 2024-06-11 06:07
Earth’s climate system is connected across hemispheres. When the Atlantic Meridional Overturning Circulation weakens and Europe cools, warming in New Zealand and southern mid-latitudes accelerates. Shaun Eaves, Senior Lecturer in Physical Geography, Te Herenga Waka — Victoria University of Wellington Andrew Mackintosh, Professor & Head, School of Earth Atmosphere and Environment; expert on glaciers and ice sheets, Monash University Helen Bostock, Associate Professor , The University of Queensland Joel Pedro, Honorary Research Fellow, Antarctic Climate & Ecosystems CRC, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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BRIEFING: Bonn climate finance talks making tentative progress but still far from “nitty gritty”

Carbon Pulse - Tue, 2024-06-11 04:53
Negotiators have managed to significantly shorten a text that would move towards creating a new global climate finance goal during mid-year UN climate talks in Bonn, but most of the key details are yet to be hashed out.
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OECD launches call for IEA to procure clean cookstove, SAF carbon credits

Carbon Pulse - Tue, 2024-06-11 03:44
The OECD has launched a call for tenders, on behalf of the International Energy Agency (IEA), to source suppliers of clean cookstove and sustainable aviation fuel (SAF) carbon credits.
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EVs only marginally increased market share in Europe last year, shows new data

Carbon Pulse - Tue, 2024-06-11 03:14
Electric vehicle market share growth slowed down sharply in Europe last year, according to new data from the European Environment Agency (EEA), analysed by Carbon Pulse.
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Council asks for permanent injunction to stop protests outside UK oil terminal

The Guardian - Tue, 2024-06-11 02:54

North Warwickshire council seeks to extend controversial order against ‘persons unknown’ for Kingsbury terminal

A council is trying to extend a controversial injunction against “persons unknown” to stop any future protests outside an oil terminal operated by Shell UK.

Lawyers for North Warwickshire borough council will argue in the high court on Tuesday that an interim injunction granted in 2022 should be made permanent to stop protests outside Kingsbury oil terminal in Tamworth.

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Wild horses return to Kazakhstan steppes after absence of two centuries

The Guardian - Tue, 2024-06-11 02:52

Seven Przewalski’s horses, the only truly wild species of the animal in the world, flown to central Asian country from zoos in Europe

A group of the world’s last wild horses have returned to their native Kazakhstan after an absence of about 200 years. The seven horses, four mares from Berlin and a stallion and two other mares from Prague, were flown to the central Asian country on a Czech air force transport plane.

The wild horses, known as Przewalski’s horses, once roamed the vast steppe grasslands of central Asia, where horses are believed to have been first domesticated about 5,500 years ago.

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VCM Report: CCP-tagged voluntary carbon credits fail to ignite market, hopes pinned on slow burn impact

Carbon Pulse - Tue, 2024-06-11 01:45
The first voluntary credits tagged with the Core Carbon Principles (CCP) label nudged higher last week, after the ICVCM approved its methodologies, but expectations that the integrity-stamped units would immediately spark demand were snubbed out.
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Colombian bank to issue “first biodiversity bond” for $50 mln

Carbon Pulse - Tue, 2024-06-11 01:29
A ‘biodiversity bond’ with a tailored nature-specific structure, distinct from a green bond, is planned to issue for $50 million from BBVA Colombia in collaboration with the International Finance Corporation (IFC).
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