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Norway to scrap floor price for EU ETS compensation scheme, set annual grant ceiling

Carbon Pulse - Fri, 2024-03-15 21:51
Norway is scrapping the floor price for its indirect EU ETS cost compensation scheme and introducing an annual ceiling on the total amount of grant funding available to companies, which is intended to shield energy-intensive industries from carbon leakage.
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FEATURE: Russian hints of a green transition are ‘a Potemkin village’, experts say

Carbon Pulse - Fri, 2024-03-15 20:49
Moscow says it is looking to build up its clean energy industry and price greenhouse gas emissions — but the talk is seen by some as purely “lip service” designed to look like Russia is acting on climate change.
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CN Markets: CEA price touches all-time high as expectations remain optimistic

Carbon Pulse - Fri, 2024-03-15 20:41
Chinese carbon prices reached a new high this week despite a lack of substantial compliance demand, as optimistic expectations about policy updates continue to buoy the market.
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US-led Indo-Pacific initiative plans Article 6 collaboration, weighs big spending on carbon removals

Carbon Pulse - Fri, 2024-03-15 19:45
The Indo-Pacific Economic Framework (IPEF), spanning 13 countries across the region and the US, has penned a Clean Economy Agreement (CEA) that involves collaboration on the Paris Agreement’s Article 6 and potential spending of as much as $10-15 billion on carbon removals this decade.
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German chemicals giant to support rice-based carbon credit creation in Japan

Carbon Pulse - Fri, 2024-03-15 18:49
A subsidiary of a German chemicals manufacturer will work with two project developers to promote its crop cultivation management software, which can simplify the process of creating carbon credits under Japan's domestic offset scheme.
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The week in wildlife – in pictures: a baby gorilla, a rare black leopard and a sucker-bum squid

The Guardian - Fri, 2024-03-15 18:00

The best of this week’s wildlife photographs from around the world

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Major Japanese gas supplier to fund early-stage nature-based projects

Carbon Pulse - Fri, 2024-03-15 17:54
One of Japan's largest gas suppliers has joined hands with a tech consultancy to provide early-stage financing for nature-based voluntary projects, as part of its credit purchase strategy for carbon neutral products.  
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Safeguard Mechanism’s cost containment measure unlikely to be needed, will stifle innovation, outlook says

Carbon Pulse - Fri, 2024-03-15 17:33
The cost containment measure (CCM) function under Australia’s reformed Safeguard Mechanism is unlikely to be needed and its purpose should be addressed, according to analysis released Friday.
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Indian exchange to roll out trading in the domestic emissions scheme in 2025

Carbon Pulse - Fri, 2024-03-15 17:19
One of the three exchanges planning to host trading of carbon allowances under India's emissions trading scheme expects to launch the emissions market in the second quarter of the 2025 financial year after the government finalises regulations, and roll it out across states gradually, local media reported.
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Australian govt suggests offering ACCUs to biomethane producers as a way to incentivise investment

Carbon Pulse - Fri, 2024-03-15 17:09
Biomethane producers could earn Australian Carbon Credit Units (ACCUs) as a way to attract finance and investment in decarbonising hard-to-abate sectors, according to a government discussion paper, however cost and lack of current demand could prove challenging.
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British Wildlife Photography awards – in pictures

The Guardian - Fri, 2024-03-15 17:00

The winners of the annual British Wildlife Photography awards have been announced, with the winner – an image of invasive goose barnacles hitching a lift across the ocean on a discarded football – chosen from more than 14,000 submissions

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NZ minister walks back Significant Natural Areas announcement after deemed unlawful

Carbon Pulse - Fri, 2024-03-15 16:56
Just one day after it announced local councils would no longer have to comply with Significant Natural Areas (SNAs) considerations, the New Zealand government has had to retract its announcement after realising it would be unlawful to do so.
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Australian farm grows world's biggest blueberry

BBC - Fri, 2024-03-15 12:17
The monster fruit is the size of a ping-pong ball and weighs 20.4g, about 10 times the average blueberry.
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Ultra-fast fashion is a disturbing trend undermining efforts to make the whole industry more sustainable

The Conversation - Fri, 2024-03-15 11:53
We know fast fashion is bad for the environment. Ultra-fast fashion makes matters worse. This disturbing trend towards disposable clothing is the opposite of sustainable. Here’s what must be done. Taylor Brydges, Research Principal, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.
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US investor liquidates biodiversity fund

Carbon Pulse - Fri, 2024-03-15 11:49
US-headquartered Karner Blue Capital (KBC) has liquidated its biodiversity fund after five years following difficulties in attracting sufficient capital, Carbon Pulse has learned.
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Water voles to benefit from £25m landscapes scheme

BBC - Fri, 2024-03-15 11:07
England's fastest-declining mammal is to be protected as part of a new habitats restoration fund.
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