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WCI Markets: Volatility spikes in CCAs post Q1 auction

Carbon Pulse - Fri, 2024-03-01 10:43
California Carbon Allowances (CCAs) traded through a volatile week following the market's Q1 auction-inspired rally, while Washington Carbon Allowance (WCA) prices continued to recede ahead of next week’s first quarter sale.
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US startup announces partnership to expand Brazilian farmers’ access to carbon market

Carbon Pulse - Fri, 2024-03-01 09:41
A California-based soil carbon startup has partnered with a Brazilian agribusiness company to expand access to carbon financing for farmers and ranchers in Brazil through scaling regenerative agricultural practices, according to a Thursday press release.
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Knowledge hub launched to advance nature-based solutions across UK

Carbon Pulse - Fri, 2024-03-01 09:40
Oxford University's Nature-based Solutions Initiative (NbSI) has introduced a new Knowledge Hub to enhance the implementation and scaling up of high-quality nature-based solutions (NBS) across the UK.
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Not such a bright idea: cooling the Earth by reflecting sunlight back to space is a dangerous distraction

The Conversation - Fri, 2024-03-01 09:00
A UN meeting this week considered a motion on a suite of technologies known as ‘solar radiation modification’, but no consensus could be reached on the controversial topic. James Kerry, Adjunct Senior Research Fellow, James Cook University, Australia and Senior Marine and Climate Scientist, OceanCare, Switzerland, James Cook University Aarti Gupta, Professor of Global Environmental Governance, Wageningen University Terry Hughes, Distinguished Professor, James Cook University Licensed as Creative Commons – attribution, no derivatives.
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British Airways owner IAG inks deal to secure almost 1 bln litres of SAF over 14 years

Carbon Pulse - Fri, 2024-03-01 08:54
International Airlines Group (IAG) has agreed to buy almost a billion litres of sustainable aviation fuel from a California-based producer, bringing the British Airways owner a third of the way to reaching its 2030 SAF goal.
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South Dakota legislature approves suite of carbon pipeline bills

Carbon Pulse - Fri, 2024-03-01 07:18
A controversial Senate bill, which reduces local control regarding CO2 pipeline projects, now awaits a final decision by Governor Kristi Noem (R), while two House bills, pertaining to landowners in the crosshairs of pipelines, now await a vote on the Senate floor.
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US DOE offers $30 mln to carbon conversion, capture projects in latest funding opportunity

Carbon Pulse - Fri, 2024-03-01 07:04
The US Department of Energy (DOE) announced Thursday that it will award up to $30 million to carbon conversion and carbon capture projects, the latest in a series of funding opportunities to flow from the agency in recent months.
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Baiting foxes can make feral cats even more ‘brazen’, study of 1.5 million forest photos shows

The Conversation - Fri, 2024-03-01 05:06
We analysed photos of predators and prey from 3,667 camera traps in southwest Victoria. We found feral cats were more abundant and behaved differently in areas where foxes were baited. Matthew Rees, Postdoctoral Research Fellow, CSIRO Bronwyn Hradsky, Research Fellow in Ecology, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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INTERVIEW: Pet food company invests in oyster reef biodiversity credit pilot

Carbon Pulse - Fri, 2024-03-01 02:57
Nestle Purina Petcare Europe has invested in a conservation startup that aims to produce voluntary marine biodiversity credits from a pilot by creating ‘oyster reefs’ off the UK coast.
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Ofwat accused of cover-up over dinners with water companies

The Guardian - Fri, 2024-03-01 02:51

Calls for inquiry after regulator failed to declare hospitality with those it holds to account over sewage spills

The water regulator for England and Wales has been accused of a cover-up after failing to declare dinners its chairman had with water company executives at a private members’ club as hospitality.

The Guardian revealed earlier this month that the Ofwat chairman, Iain Coucher, went for dinner with the water company chairs at the Royal Automobile Club in Pall Mall, an exclusive private members’ club, to discuss how to quell public anger over bill rises and sewage spills. But there was no sign of these dinners on his official hospitality logs that were revealed under freedom of information requests from the Liberal Democrats.

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Denmark faces major challenge to meet 2030 climate goal, says govt watchdog

Carbon Pulse - Fri, 2024-03-01 02:45
There is a “a significant risk” that Denmark will not meet its 2030 emissions reductions targets, the country's climate change council said in a report on Thursday.
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El Niño forecast to drive record heat from the Amazon to Alaska in 2024

The Guardian - Fri, 2024-03-01 02:00

Coastal areas facing ‘enormous and urgent climate crisis’ as event supercharges human-caused global heating, scientists say

The current climate event known as El Niño is likely to supercharge global heating and deliver record-breaking temperatures from the Amazon to Alaska in 2024, analysis has found.

Coastal areas of India by the Bay of Bengal and by the South China Sea, as well as the Philippines and the Caribbean, are also likely to experience unprecedented heat in the period to June, the scientists said, after which El Niño may weaken.

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INTERVIEW: Puro to apply for CORSIA eligibility, introduce three new voluntary carbon methodologies

Carbon Pulse - Fri, 2024-03-01 01:49
Voluntary carbon removals standard Puro.earth will issue credits under three new methodologies this year and formally apply to have its units approved under the current phase of the UN's CORSIA aviation offsetting scheme, the company’s CEO told Carbon Pulse.
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US releases ecosystem services accounting guidelines for public agencies

Carbon Pulse - Fri, 2024-03-01 01:36
The US federal government has released guidelines to assist public agencies in assessing how their projects, policies, and regulations impact ecosystem services, in a move poised to reshape decision-making at a national level. 
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UK gives £600m backing to Jim Ratcliffe’s ‘carbon bomb’ petrochemical plant

The Guardian - Fri, 2024-03-01 01:35

Campaigners say Ineos project in Antwerp will turbocharge plastic production on a scale not seen before in Europe

The UK government is providing a €700m (£600m) guarantee for the billionaire Jim Ratcliffe to build the biggest petrochemical plant in Europe in 30 years that will turbocharge plastic production.

The huge petrochemical plant has been described as a “carbon bomb” by campaigners. Being constructed in the Belgian city of Antwerp by Ratcliffe’s company Ineos, it will bring plastic production to Europe on a scale not seen before, just as countries are trying to negotiate a binding global treaty to tackle the growing problem of plastic pollution.

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Oil majors still incentivise fossil growth via executive pay despite energy transition strategies -report

Carbon Pulse - Fri, 2024-03-01 01:32
Research from a financial think tank highlights that oil and gas companies still reward executives for expanding fossil fuel production, in spite of commitments to energy transition targets and climate policies.
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Drax posts tenfold increase in profits to reignite BECCS row

Carbon Pulse - Fri, 2024-03-01 00:58
The operator of the UK’s largest power station has seen its profits jump more than tenfold to reignite criticism of its bioenergy with carbon capture and storage (BECCS) operations.
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INTERVIEW: Developer of solid sorbent for industrial CO2 capture eyes industrial scale-up

Carbon Pulse - Fri, 2024-03-01 00:50
The developer of a solid sorbent made from plastic waste says its technology captures CO2 from industrial flue gas more cheaply and energy efficiently than commercial offerings currently available, and expects to move from laboratory-scale to an industrial pilot this year.
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