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RGGI Market: Observers anticipate permit values to hold strong as RGAs set fresh records

Carbon Pulse - Tue, 2024-03-26 07:26
RGGI allowance (RGA) prices continued to soar past last week's peaks amid heightened market strength, fuelled by the outcome of the first auction of the year and expectations surrounding the ongoing programme review.
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Canada Growth Fund announces third tranche, invests C$50 mln into private equity firm

Carbon Pulse - Tue, 2024-03-26 06:55
The Canada Growth Fund (CGF), a federal investment vehicle, allocated C$50 million ($36.8 mln) towards a Montreal-based investment firm backing clean tech companies, the federal government announced Monday.
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EU nations praise ETS as tool to reach 2040 climate goals

Carbon Pulse - Tue, 2024-03-26 06:28
Expanding the EU ETS to new sectors of the economy will help the European Union reach its climate targets for 2040, according to some of the 27 national ministers who exchanged views at at a meeting of the EU Council in Brussels on Monday.
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If you’ve got a dark roof, you’re spending almost $700 extra a year to keep your house cool

The Conversation - Tue, 2024-03-26 05:05
We could make our hot cities cooler with white roofs and light roads. But progress has been glacially slow. Sebastian Pfautsch, Research Theme Fellow - Environment and Sustainability, Western Sydney University Riccardo Paolini, Associate Professor, School of Built Environment, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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US DOE announces $6 bln for annual industrial decarbonisation of 14 Mt

Carbon Pulse - Tue, 2024-03-26 04:48
The US Department of Energy (DOE) announced Monday up to $6 billion in funding for industrial decarbonisation projects across multiple states, which the agency said collectively are expected to slash emissions by 14 million tonnes annually and facilitate wider adoption of carbon-cutting technologies.
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Starmer: Labour plan for state-backed offshore windfarms a ‘gamechanger’

The Guardian - Tue, 2024-03-26 03:46

Plan follows slashing of £28bn green pledge, which Ed Miliband denies having considered resigning over

Labour’s plan for state-backed offshore windfarms will be a “gamechanger”, Keir Starmer has said, as the party seeks to regain the initiative on green policy after the slow-motion ditching of its £28bn investment pledge.

Speaking to broadcasters after a visit to Holyhead port in north Wales alongside Vaughan Gething, the country’s new first minister, Starmer insisted that a transition to sustainable power was still “one of my central missions”.

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EU gives final green light to gas saving measures until April 2025

Carbon Pulse - Tue, 2024-03-26 03:28
The Council of EU member states gave the final go ahead Monday to measures aiming to reduce gas demand by at least 15% compared to 2017-2022.
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Climate litigation on the rise with increased reporting requirements -lawyers

Carbon Pulse - Tue, 2024-03-26 03:23
Climate litigation cases look set to rise in coming years as new sustainability reporting requirements come into play, from the EU to the US, said lawyers during a conference on climate and ESG legal risk.
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Lawsuit win against KLM’s carbon offsetting claims sets precedent to change airline behaviour, says lawyer

Carbon Pulse - Tue, 2024-03-26 03:17
The recent ruling by a court in the Netherlands that KLM’s historical climate claims, including use of voluntary carbon credits, constituted greenwashing could change airlines' practice in the EU, said a lawyer who worked on the case.
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Why is the right at war with cyclists? We’re not ‘wokerati’ – we’re just trying to get around | Zoe Williams

The Guardian - Tue, 2024-03-26 03:08

Riding a bike is not a political act, yet cyclists have become the bete noire for the anti-woke, anti-green, anti-liberal crowd

Getting my bike nicked was like losing a pet. I didn’t want a new one; I wanted to go back in time and not lose my old one. But, in the end, an inanimate object is not infinitely grievable and I need wheels. This is how I fetched up with a Liv bike, my precious first born putting the seat up for me. I said how proud and heart-filled I was, watching him do a little job that I didn’t want to do myself for the first time, and he said: “I’ve been showing you how to use a remote control since I was six years old,” and I thought: OK, fair, but, more to the point, look at my lovely bike.

Freshly re-enamoured of the world of two wheels, I have plunged straight back into the cycling discourse, the perfect microcosm of the wokeness split in all its forms. Take the ex-footballer Joey Barton, who is being sued by Jeremy Vine for calling the broadcaster a “bike nonce”. Meanwhile, the socials are full of people furiously agreeing that aggressive cyclists pose more danger to them than articulated lorries. The fervent attacks on low-traffic neighbourhoods (LTNs) and low-emission zones such as Ulez in London are really just a full-throttle loathing of people on bikes, aggrandised by acronyms and libertarian bat signals.

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VCM Report: Market pauses as ICAO blocks approval of new standards, ICVCM wades through voluntary carbon methodologies

Carbon Pulse - Tue, 2024-03-26 03:05
Trade in the voluntary carbon market stumbled last week under a cloud of uncertainty created by key organisations.
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UK govt argues North Sea oil and gas increase is key to net zero transition

Carbon Pulse - Tue, 2024-03-26 02:49
The UK government’s controversial proposal to expand offshore oil and gas developments is necessary to transition the country to net zero emission, lessen reliance on imports, and scale up its clean technologies industry, Energy Security and Net Zero Minister Graham Stuart said on Monday.
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MPs and activists challenge claim North Sea oil and gas supports 200,000 jobs

The Guardian - Tue, 2024-03-26 02:39

Government has repeatedly used figure to justify more fossil fuel developments despite climate crisis

Are 200,000 jobs really supported by the oil and gas industry in the North Sea? Campaigners and MPs are questioning the longstanding government claim.

Ministers have repeatedly used the 200,000 jobs figure as justification for pushing ahead with more fossil fuel developments despite the escalating climate crisis and widespread opposition from scientists and energy experts.

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Tractors heading to central London farmer protest

BBC - Tue, 2024-03-26 02:21
Farmers from across the UK are driving into central London on a 'go-slow' to protest a lack of support for British food production.
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Asian hornet may have become established in UK, sighting suggests

The Guardian - Tue, 2024-03-26 01:54

Predatory species, which poses huge danger to bee populations, spotted on 11 March, indicating winter stay

Asian hornets may have become established in the UK after the earliest-ever sighting of the predatory insect was recorded by the government this month.

This is a dangerous development for Britain’s bee population and could have a knock-on effect on agriculture that needs the pollinators, because once hornets are established it is almost impossible to eliminate them.

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EBRD initiative launched in Turkiye targets decarbonisation of CBAM-covered sectors

Carbon Pulse - Tue, 2024-03-26 01:30
Around $70 billion annually is needed to decarbonise Turkiye’s steel, cement, aluminium, and fertiliser sectors, according to a low-carbon pathway (LCP) initiative launched in the country by European Bank for Reconstruction and Development (EBRD).
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Norway’s carbon removals projects at risk if EU implements proposed climate policy changes -minister

Carbon Pulse - Tue, 2024-03-26 00:46
Proposed changes to the EU’s climate policy jeopardises Norway’s chance to meet one of its emissions targets for 2030 and puts some of its carbon removal (CDR) projects at risk, the country's climate minister has said in a letter to the EU published on Monday.
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Brazil’s ambassador to WTO calls for reforming agricultural subsidies at BioTrade Congress in Geneva

Carbon Pulse - Tue, 2024-03-26 00:27
The World Trade Organisation (WTO) must work to reform agricultural subsidies in order to support the achievement of the Kunming-Montreal Global Biodiversity Framework targets, the ambassador of Brazil to the WTO has said.
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