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US legislators introduce federal bill to establish a technology-based CO2 removal market

Carbon Pulse - Sat, 2024-01-20 05:51
US lawmakers have introduced legislation that would require the Department of Energy (DOE) to invest in direct air capture (DAC) or other technology-based solutions for carbon dioxide removal (CDR) to establish a long-term market for such projects.
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Japan lands on Moon but glitch threatens mission

BBC - Sat, 2024-01-20 05:24
It becomes only the fifth country to soft-land on the Moon but power supply problems may hinder its mission.
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Chile’s offset mechanism for carbon tax compliance recognises three standards

Carbon Pulse - Sat, 2024-01-20 05:15
Chile’s environment ministry has codified the names of three carbon credit standards into law, recognising them as sufficiently robust to qualify credits for compliance purposes under the country’s carbon tax scheme.
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California gasoline sales dip again in October, diesel sales exceed 2022 levels

Carbon Pulse - Sat, 2024-01-20 04:49
California gasoline sales and emissions trailed 2022 levels for the second month in a row in October, although by a smaller margin, while monthly diesel sales and emissions exceeded those from the previous year for only the second time in 2023, according to state data released Friday.
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France amends controversial energy bill, gets rid of nuclear power target -media

Carbon Pulse - Sat, 2024-01-20 04:42
France has amended a controversial bill aimed at ensuring energy sovereignty, getting rid of any specific targets for low-carbon sources such as renewables and nuclear, EU-focused media Euractiv reported on Friday.
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Brexit divergence from EU destroying UK’s vital environmental protections

The Guardian - Sat, 2024-01-20 04:00

Exclusive: Britain is falling behind the bloc on almost every area of green regulation, analysis reveals

Vital legal protections for the environment and human health are being destroyed in post-Brexit departures from European legislation, a detailed analysis by the Guardian reveals.

The UK is falling behind the EU on almost every area of environmental regulation, as the bloc strengthens its legislation while the UK weakens it. In some cases, ministers are removing EU-derived environmental protections from the statute book entirely.

Water in the UK will be dirtier than in the EU.

There will be more pesticides in Britain’s soil.

Companies will be allowed to produce products containing chemicals that the EU has restricted for being dangerous.

EU-derived air pollution laws that will be removed under the retained EU law bill.

Dozens of chemicals banned in the EU are still available for use in the UK.

Thirty-six pesticides banned in the EU have not been outlawed in the UK.

The UK is falling behind on reducing carbon emissions as the EU implements carbon pricing.

The EU is compensating those who are struggling to afford the costs of the green transition, while the UK is not.

The EU is implementing stricter regulations on battery recycling, while the UK is not.

Deforestation is being removed from the EU supply chain, while the UK’s proposed scheme is more lax and does not come in until a year later.

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INTERVIEW: UN-approved REDD carbon credits available for sale as ITMOs by June, says CfRN

Carbon Pulse - Sat, 2024-01-20 03:39
The first UNFCCC-approved sovereign credits from REDD forestry protection, that can be used towards climate targets, will appear for sale in the middle of the year, and prices will likely be fixed annually in an OPEC-like cartel to counter market volatility, Kevin Conrad, the chief executive of the Coalition of Rainforest Nations (CfRN), told Carbon Pulse this week.
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Davos 2024: Industry coalition harnesses food companies’ purchasing power to spur sustainable farming

Carbon Pulse - Sat, 2024-01-20 02:31
The world’s top food producers could use their combined purchasing power to create demand of up to $20 billion a year by 2030 for agricultural commodities that are produced sustainably, industry figures said in Davos this week.
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FEATURE: Mass movement gains scale to get farmers a fair price in carbon, biodiversity markets

Carbon Pulse - Sat, 2024-01-20 01:05
A farmer cooperative is using the power of scale and a collective voice to fetch a fairer price for its members in the carbon and biodiversity markets.
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UK govt proposes controversial bioenergy subsidies to keep plants open in transition to carbon capture

Carbon Pulse - Fri, 2024-01-19 23:43
The UK government has opened a consultation into different bioenergy subsidy options with the goal of supporting power plants over an interim period between when current subsidies end, and new bioenergy with carbon capture and storage (BECCS) facilities are expected to come online.
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Women added to Cop29 climate summit committee after backlash

The Guardian - Fri, 2024-01-19 23:42

Panel was originally composed of 28 men, a move condemned as ‘regressive’ and ‘shocking’

The president of Azerbaijan has added 11 women to the previously all-male organising committee for the Cop29 global climate summit, which the country will host in December.

The move follows a backlash after the Guardian reported the initial 28-man composition of the committee, which was called “regressive” by the She Changes Climate campaign group. “Climate change affects the whole world, not half of it,” the group said.

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-01-19 22:21
EU carbon prices extended Thursday's modest rally after the strongest auction result in five months triggered some renewed compliance buying and renewed speculation over whether the market could see a small rally after its recent run of declines.
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Major asset manager releases “milestone” TNFD-aligned disclosure

Carbon Pulse - Fri, 2024-01-19 22:12
A large investment manager has published its first timberland and agriculture nature disclosure aligned with the Taskforce on Nature-related Financial Disclosure (TNFD) recommendations in an early move set to spark market interest.
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CN Markets: CEA trading volume slides to 7-mth low, CCER liquidity healthier

Carbon Pulse - Fri, 2024-01-19 20:34
Weekly trading volume in the Chinese carbon market has dropped to the lowest level since mid-June with prices barely moving, while the offset market this week saw liquidity increase amid heightened expectations for policy progress.
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‘It’s about living on what you have’: Four shepherds seek sustainable life in Spain

The Guardian - Fri, 2024-01-19 19:00

The four inhabitants of Morillo de Sampietro, an abandoned village in the Pyrenees, live a simple life

The tiny hamlet of Morillo de Sampietro stands high above a steep, wooded valley in the Spanish Pyrenees. Below is the glint of the Rio Yesa, beyond are the snow-capped peaks of Monte Perdido.

In 1860 Morillo had 76 inhabitants; by 1995 only two remained. Now there are four.

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Cop28 deal will fail unless rich countries quit fossil fuels, says climate negotiator

The Guardian - Fri, 2024-01-19 19:00

G77 president Pedro Pedroso warns deal risks failing if polluters like UK, US and Canada don’t rethink plans to expand oil and gas

The credibility of the Cop28 agreement to “transition away” from fossil fuels rides on the world’s biggest historical polluters like the US, UK and Canada rethinking current plans to expand oil and gas production, according to the climate negotiator representing 135 developing countries.

In an exclusive interview with the Guardian, Pedro Pedroso, the outgoing president of the G77 plus China bloc of developing countries, warned that the landmark deal made at last year’s climate talks in Dubai risked failing.

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US-based joint venture boosting open-source software for TNFD disclosures

Carbon Pulse - Fri, 2024-01-19 18:21
A US-headquartered joint venture is set to expand access to its software models in a bid to underpin investments in nature capital and corporate assessments under the Taskforce on Nature-related Financial Disclosures (TNFD) framework, its co-founder has said.
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German biochar carbon removals firm enters UK market through partnership

Carbon Pulse - Fri, 2024-01-19 18:19
A German biochar firm has partnered with a British carbon removals startup to develop a facility on an industrial site in the north of England.
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Major Japanese industrial firm to embark on carbon capture pilot

Carbon Pulse - Fri, 2024-01-19 18:14
A major industrial firm in Japan has teamed up with a domestic utility to accelerate the development of next-generation CO2 capture technology, with a pilot project set to become operational in 2025.
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Social enterprise offers young people paid opportunity to protect UK oceans

The Guardian - Fri, 2024-01-19 18:00

Sea Ranger Service will offer the chance to carry out maintenance work and climate research on sailing vessels

A social enterprise has launched offering people between the ages of 18 and 29 the chance to protect the seas around the UK while getting paid.

The Sea Ranger Service (SRS) will offer young people the chance to sail out to sea and undertake vital work to conserve Britain’s oceans.

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