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Indian steelmakers face CBAM costs triple those of China, webinar hears

Carbon Pulse - Thu, 2024-07-11 20:39
Indian steelmakers will likely have to bear costs three times higher than that of their Chinese counterparts under the EU’s carbon border adjustment mechanism (CBAM) if no effective domestic carbon price is implemented by 2030, a webinar heard Thursday.
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Nature project incubator focused on stimulating demand, advisor says

Carbon Pulse - Thu, 2024-07-11 20:35
Stimulating demand for nature-related projects is a key part of a programme for making English nature projects more investable, a financial advisory company has said.
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US asset manager kickstarts biodiversity-focused global fund

Carbon Pulse - Thu, 2024-07-11 20:28
A US-based asset manager has announced the launch of a global fund to channel investments towards sustainable food, planning to reach 80% of companies in the portfolio committed to improving biodiversity.
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BP raises fossil fuel demand forecast as energy transition slows

Carbon Pulse - Thu, 2024-07-11 19:57
BP has raised its oil and gas demand forecasts in a closely followed annual outlook, though still expects global CO2 emissions to peak over the next few years, with 7 billion tonnes of carbon capture needed by 2050 for the world to hit net zero.
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GRI to support corporate disclosure alignment with ESRS

Carbon Pulse - Thu, 2024-07-11 19:53
The Global Reporting Initiative (GRI) has launched an initiative to steer companies in aligning disclosures under its framework with the European Sustainability Reporting Standards (ESRS).
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Leaks won't stop with £19 a year water bill rise, say firms

BBC - Thu, 2024-07-11 19:22
Water firms have hit out at bill rises of £94 over the next five years after wanting bigger hikes.
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Australia Market Roundup: Senate report calls on govts to consider CCS bans to protect Great Artesian Basin  

Carbon Pulse - Thu, 2024-07-11 18:18
An Australian senate committee looking into a carbon capture and storage (CCS) project has recommended state and territory governments ban similar developments in order to protect the Great Artesian Basin (GAB).  
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There’s a ‘trash revolution’ in New York – exciting for everyone but the rats

The Guardian - Thu, 2024-07-11 18:00

NYC has lagged behind the UK in waste disposal. But with wheelie bins replacing bin bags, we’re finally catching up

Last year, 200 composting bins were rolled out in New York City, with a unit on every other corner you could open and close via an app. This was exciting for those of us who have hit an age when rubbish disposal is something we think about. For a while, my kids indulged me in my need to discuss composting – whether our bag would fit in the bin; how good the exercise made us feel; whether it actually did anything useful or not – before pointing out I was talking about it too much. This week, a new fleet of wheelie bins has been introduced across the city, and the excitement has been almost too much to bear.

The “trash revolution” as Eric Adams, the mayor of New York, put it while placing a black bin bag in a wheelie bin in front of reporters on Monday, sounds like a characteristic piece of hyperbole from the man, but for once he wasn’t exaggerating. Like banking technology, rubbish disposal is one of those baffling areas in which the US in general, but New York in particular, is wildly behind Britain.

Emma Brockes is a Guardian columnist

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Emissions from plastics set to more than double by 2060, report warns

Carbon Pulse - Thu, 2024-07-11 18:00
Lifecycle greenhouse gas emissions from plastics will more than double by 2060 under a business-as-usual (BAU) scenario, with fossil fuel-based production continuing to dominate, according to a statement by 70 financial institutions calling on petrochemical companies to transition to more sustainable alternatives.
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Verra seeks feedback on draft early coal-fired closure credit methodology

Carbon Pulse - Thu, 2024-07-11 15:06
Carbon standard Verra has put the call out for verifiers to review its draft methodology for accrediting early coal-fired power station closures, it announced Thursday.
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‘Africa’s most resilient lion’ and his brother filmed making record-breaking swim across dangerous African river

The Guardian - Thu, 2024-07-11 12:38

A team led by an Australian researcher captured the pair swimming about 1.5km after two failed attempts

A record-breaking swim by two lion brothers across a predator-filled African river has been documented by a team led by a researcher from an Australian university.

The two-male lion coalition was filmed crossing the Kazinga Channel in Uganda at night using high-definition heat detection cameras on drones.

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Stakeholders press California regulator ARB on 2025 budget cut options for cap-and-trade

Carbon Pulse - Thu, 2024-07-11 12:25
Stakeholders questioned the possibility of earlier cuts to cap-and-trade allowance budgets prior to finalising rules, as ARB staff discussed the “complicated” status of 2025 allocations with implementation of ETS changes delayed to 2026, during the agency’s pre-rulemaking workshop on Wednesday.
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Fossil fuel producer partners with Canada Growth Fund to launch CCS projects in country’s oil sands

Carbon Pulse - Thu, 2024-07-11 12:12
An oil and gas producer has entered into a strategic partnership valued at up to C$2 billion ($1.47 bln) with the Canada Growth Fund (CGF) to develop carbon capture and sequestration (CCS) infrastructure across its steam-assisted gravity drainage (SAGD) oil sands facilities in Saskatchewan and Alberta.
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