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Divergence on role, governance of IC-VCM continues in stakeholder debate

Carbon Pulse - Tue, 2022-10-04 07:51
The Integrity Council for the Voluntary Carbon Market (IC-VCM) completed its 60-day public consultation last week on setting the bar for VER quality, receiving public submissions including a scathing submission from the largest carbon offset programme administrator Verra.
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Quebec carbon market emissions in 2021 surpass cap for fourth straight year

Carbon Pulse - Tue, 2022-10-04 07:42
Quebec GHG output in 2021 partially rebounded from earlier stages of the COVID-19 pandemic to overshoot the limits of the state’s WCI-linked cap-and-trade programme once again, according to provincial data published Monday.
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Australia announces plan to halt extinction crisis and save 110 species

The Guardian - Tue, 2022-10-04 07:42

Priority targeting includes many of Australia’s best-known native animals but will also help others in the same habitats, environment minister says

The federal government has set a goal to prevent any new extinctions of Australian wildlife.

It is the first time a federal government has announced a zero extinctions target for the country’s plants and animals. The goal forms part of a 10-year plan to improve the trajectory of 110 species and 20 places, and protect an additional 50m hectares of land and sea area by 2027.

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VCM a useful strategy tool for companies ahead of compliance, says US official

Carbon Pulse - Tue, 2022-10-04 06:44
The voluntary carbon market’s chances of success are slim but it is useful for early mover companies to get ready for the advent of compliance markets, a US government official told a carbon conference on Monday.
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Commercial Sales Representative, Anew – Cottonwood Heighs/Houston/Remote

Carbon Pulse - Tue, 2022-10-04 05:24
This role will engage and interact with new and existing buyers in the booming Voluntary Carbon Market (VCM) in a variety of capacities from initial  outreach, to contracting and follow-up for repeat purchases to ensure a smooth sales process.
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A deadly disease has driven 7 Australian frogs to extinction – but this endangered frog is fighting back

The Conversation - Tue, 2022-10-04 05:03
Populations of Fleay’s barred frog in Australia’s ancient rainforests were decimated by the chytrid fungus. Now, the frogs have developed a natural resistance. Matthijs Hollanders, PhD candidate, Southern Cross University David Newell, Senior Lecturer, School of Environment, Science & Engineering, Southern Cross University Licensed as Creative Commons – attribution, no derivatives.
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VCM Report: Deepening economic gloom weighs on prices

Carbon Pulse - Tue, 2022-10-04 04:30
Standard nature-based spot and nearby futures continued to slip lower over the past week, battered by the deepening economic gloom and headlines warning of sharply higher interest rates, although fresher vintages held steadier as large volume sellers shied away from the market.
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Here’s a bright idea to improve accountability in the water sector

The Guardian - Tue, 2022-10-04 04:21

Proposal to make all water firms publicly listed is not a cure-all but would force them to be more transparent

To the surprise of nobody who follows the English and Welsh water sector, the two companies that have been hit with the heaviest penalties for missing performance targets this year are the usual suspects: Southern Water and Thames Water. The dirty duo last year had to return £99m between them to customers after Ofwat’s annual tally of outcomes in areas such as water supply interruptions, pollution incidents and sewer flooding. This time the figure is £80m.

The top end of the league table, note, is also familiar. Severn Trent and United Utilities outperformed targets, as last year, and thus get rewarded by being allowed to recover more money via bills (which may feel less rewarding from the point of view of customers). Correlation doesn’t always imply causation, but it’s worth asking: do different ownership models help to explain the persistent gulf in operational performance?

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Nuclear fusion plant to be built at West Burton A power station

BBC - Tue, 2022-10-04 03:39
West Burton A will be the site of the prototype fusion energy power plant, the government announces.
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EU lawmakers seen backing REPowerEU compromise in interim vote

Carbon Pulse - Tue, 2022-10-04 03:21
Key European lawmakers are expected in an interim vote late on Monday to stick to a compromise that would part-finance the REPowerEU strategy with €20 billion worth of carbon allowance sales solely sourced from frontloaded member state auctions over three years.
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Cop27 host Egypt warns UK not to backtrack from climate agenda

The Guardian - Tue, 2022-10-04 02:56

Unusual diplomatic intervention prompted by fears over Liz Truss’s commitment to net zero

The Egyptian government, host of the next UN climate summit, has warned the UK against “backtracking from the global climate agenda”, in a significant intervention prompted by fears over Liz Truss’s commitment to net zero.

The warning before the Cop27 conference, which will take place in just over a month in Sharm el-Sheikh, to the host of Cop26, which took place in Glasgow last November, is highly unusual in diplomatic terms. The hosts of successive Cops are responsible for a smooth handover of the talks.

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ENVI proposal seen as “least bearish” of REPowerEU funding solutions –analysts

Carbon Pulse - Tue, 2022-10-04 02:54
The European Parliament’s environment committee (ENVI) compromise on funding for the REPowerEU initiative is  the “least bearish” of the options being discussed by co-legislators, according to analysts assessing the impacts on the EU ETS.
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Report casts doubt on World Bank’s $17 billion of climate finance

Carbon Pulse - Tue, 2022-10-04 01:44
The World Bank $17.2 billion climate finance public sector portfolio could be off by as much as $7 bln or 40%, according to a report published by an NGO on Monday as COP27 hosts Egypt urged rich nations to make good on their climate aid commitments at next month's UN summit. 
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Investment zones could be allowed in England’s national parks

The Guardian - Mon, 2022-10-03 22:04

Documents show zones with ‘liberalised’ planning laws could get go-ahead even in the most environmentally protected areas

Investment zones with “liberalised” planning laws to accelerate development could be designated within national parks and in the most environmentally protected areas of the UK, government documents reveal.

Details of the government’s new zones to increase housebuilding and commercial development reveal councils can apply for zones in national parks, areas of outstanding natural beauty, (AONBs) sites of special scientific interest, (SSSIs) and green belt land.

A national park.

An area of outstanding natural beauty.

A site of special scientific interest, or equivalent designation.

The buffer zone of a world heritage site.

Designated green belt.

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Euro Markets: Midday Update

Carbon Pulse - Mon, 2022-10-03 22:02
EUA prices consolidated at lower levels on Monday morning as the market eyed the evening's meeting of the European Parliament's environment committee (ENVI) at which lawmakers were expected to adopt a position on funding measures for the REPowerEU initiative.
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Former environment secretary urges successor not to drop nature-friendly farming scheme

The Guardian - Mon, 2022-10-03 21:25

George Eustice warns against scrapping post-Brexit subsidies aimed at improving biodiversity and meeting climate targets

A former environment secretary has urged the UK government not to drop its nature recovery farming schemes, as the Guardian can reveal the more ambitious parts of the post-EU subsidy programme are set to be dropped.

George Eustice made the intervention, telling the Guardian that farmers are keen to be signed up to schemes in which they improve biodiversity, and that his replacement, Ranil Jayawardena, should not scrap them.

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Nobel Prize goes to Svante Paabo for Neanderthal work

BBC - Mon, 2022-10-03 20:37
Sweden's Svante Paabo wins the prize for discoveries on humanity's extinct relatives.
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Young people demand climate justice in run-up to Cop27 UN talks

The Guardian - Mon, 2022-10-03 20:20

Activists from global south demand recompense for damage from countries most responsible for crisis

Young people from some of the countries most affected by climate breakdown have warned they are not victims but a force to be reckoned with in the run-up to a UN climate conference in Egypt.

Led by climate groups across Africa and the Middle East, hundreds of activists from countries that are the least responsible for the crisis but are experiencing the worst impacts have gathered in Tunisia to prepare for what they say will be a collective fight for justice for their countries and communities, which they will take to Cop27 next month.

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US supreme court to hear case on California’s ban on extreme confinement crates

The Guardian - Mon, 2022-10-03 20:00

A ruling against the state’s Prop 12 animal welfare law could affect a range of regulations across the country

Next week, the US supreme court will hear oral arguments in a case that could put climate, public health and animal welfare regulations across the country on the chopping block – from California’s ban on gas-powered cars by 2035 to state bans on food packaging that contains BPA or lead.

The case will consider the constitutionality of California’s Proposition 12, a law that bans the sale of meat and eggs from animals raised using certain kinds of extreme confinement. The pork industry has been fighting Prop 12 since it passed by ballot measure in 2018 – with more than 62% of the vote and the backing of animal advocacy groups like the Humane Society of the United States – because it bans gestation crates: metal enclosures where pregnant pigs are kept for most of their lives that are so small that they can’t turn around or stretch their limbs.

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The American EV boom is about to begin. Does the US have the power to charge it?

The Guardian - Mon, 2022-10-03 20:00

States have plans to ban gas-powered cars and the White House wants chargers along highways, but implementation is a challenge

Speaking in front of a line of the latest electric vehicles (EVs) at this month’s North American International Auto Show, President Joe Biden declared: “The great American road trip is going to be fully electrified.”

Most vehicles on the road are still gas guzzlers, but Washington is betting big on change, hoping that major federal investment will help reach a target set by the White House for 50% of new cars to be electric by 2030. But there are roadblocks – specifically when it comes to charging them all. “Range anxiety,” or how far one can travel before needing to charge, is still cited as a major deterrent for potential EV buyers.

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