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UPDATE – Market freedom, public support should be amongst top priorities in setting EU’s new climate agenda -report

Carbon Pulse - Fri, 2024-03-08 02:00
Avoiding over-regulation, increasing public support, strengthening international climate policy, and ensuring the bloc’s industry is competitive should be prioritised by the next European Commission, a report said Thursday.
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Company at centre of NSW asbestos crisis argues EPA ban on selling mulch is having ‘unjustified impact’

The Guardian - Fri, 2024-03-08 00:00

Exclusive: firm points to risk of asbestos contamination from other sources as it seeks to have prevention order thrown out

The landscaping materials company at the centre of the New South Wales asbestos crisis will point to the risks of contamination outside its facilities and the “unjustified impact” on its business when it argues to have an order preventing it making mulch products quashed.

Greenlife and the NSW Environment Protection Authority are expected to appear before the state’s land and environment court for a directions hearing on Friday.

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“Explosive” demand for nature-based solutions in Europe, survey shows

Carbon Pulse - Thu, 2024-03-07 23:55
Demand for nature-based solutions in Europe is increasing "exponentially" for some organisations, with companies calling for support to bridge the skills gap and ramp up supply, a study has shown.
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EU27 formally backs exit plan from controversial Energy Charter Treaty

Carbon Pulse - Thu, 2024-03-07 23:33
The Council of EU member states on Thursday backed a compromise proposal by the Belgian EU Presidency laying out a procedure for the bloc to quit the 1990s Energy Charter Treaty, which has attracted criticism from EU governments for hampering attempts to phase out fossil fuels.
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FEATURE: EU’s carbon removal certification law paves way for negative emissions in waste-to-energy sector

Carbon Pulse - Thu, 2024-03-07 22:38
The waste-to-energy sector welcomed a political agreement last month on the EU’s Carbon Removal Certification Framework (CRCF), saying the first incinerators fitted with carbon capture technology could see the light as soon as 2028-29, after their inclusion in the EU ETS.
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World's earliest forest discovered, scientists say

BBC - Thu, 2024-03-07 22:34
The tree fossils dating back 390 million years were found near a Butlin's holiday camp in Somerset.
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CBAM may lead to higher prices, emissions from UK power exports to EU -report

Carbon Pulse - Thu, 2024-03-07 22:19
The EU's Carbon Border Adjustment Mechanism (CBAM) could push up the cost of the bloc's electricity imports from the UK, deterring the development of low-carbon projects and leading to higher carbon emissions on both sides, according to analysis released on Thursday.
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French investor, voluntary carbon project developer announce senior hires

Carbon Pulse - Thu, 2024-03-07 21:19
A French asset manager and a developer of nature-based voluntary carbon projects have appointed new senior members of the their team to focus on their respective carbon credit strategies.
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CF ASIA: Global shippers frustrated at hold up in opening EUA accounts to plan for EU ETS costs

Carbon Pulse - Thu, 2024-03-07 21:11
International shippers have become exasperated they have only recently been able to open up accounts in order to start purchasing EUAs to meet their compliance obligations under the EU ETS, panellists at Carbon Forward Asia said Thursday, as the sector explores its options to decarbonise.
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CF ASIA: South Korea plans to launch carbon-linked financial product, market reaction may be lukewarm

Carbon Pulse - Thu, 2024-03-07 20:26
South Korea is set to introduce carbon market-linked financial products targeting retail investors this year, the first in Asia to do so, though the new policy may not arouse much interest in the over-supplied market, experts told Carbon Pulse.
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CF ASIA: Private sector must pony up trillions of dollars world needs for climate goals

Carbon Pulse - Thu, 2024-03-07 20:21
The money needed to meet global climate goals will amount to trillions of dollars annually, and need to come from the private sector in addition to governments and multilateral banks, a conference heard Thursday.
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FEATURE: Jurisdictional issues hinder marine biodiversity credit market development, experts say

Carbon Pulse - Thu, 2024-03-07 20:16
Establishing a biodiversity credit market for marine ecosystems is much more challenging than setting one up for land-based environments, as ownership and measurement issues are hampering its development, the head of a non-profit has said.
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INTERVIEW: Forest investor mulls generating biodiversity credits from 7,000 hectares

Carbon Pulse - Thu, 2024-03-07 20:09
A London-based investor is considering preparing sites in Scotland covering up to 17,000 acres (6,880 hectares) of collective land for the generation of biodiversity credits, Carbon Pulse has learned.
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Direct air capture developer signs carbon removals offtake deals with airlines

Carbon Pulse - Thu, 2024-03-07 19:01
A developer of direct air capture facilities has inked a deal with two airlines for an undisclosed volume of carbon removals delivery out to 2030.
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Red panda found in luggage of smuggling suspects at Thailand airport

The Guardian - Thu, 2024-03-07 18:38

Bangkok customs officers arrest six after finding 87 animals, including lizards, birds, a monkey and snakes

Thai customs officials have arrested six Indian nationals for attempting to smuggle dozens of wild animals, including a red panda and cotton-top tamarin monkey, out of the country.

Officers found 87 animals, including monitor lizards, birds and snakes, packaged inside the suspects’ checked luggage at Bangkok’s Suvarnabhumi airport. They were trying to fly to Mumbai.

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Qantas commits A$10 mln to help restore Great Barrier Reef

Carbon Pulse - Thu, 2024-03-07 18:02
Australian airline Qantas has partnered with the Great Barrier Reef Foundation as well as committing A$10 million over 10 years to roll out what it described as world-first coral restoration technology, it announced Thursday.
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CF ASIA: CCER supply may remain limited this year as China expected to take wait-and-see attitude

Carbon Pulse - Thu, 2024-03-07 17:52
China may see limited supply of carbon credits in the coming months even after the official relaunch of the national voluntary programme, as the government is taking a cautious approach to ensure offset quality and avoid oversupply issues, the Carbon Forward Asia conference heard Thursday.
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Investigation into logging on Kangaroo Island under way after release of ‘horrific images’ of dead koalas

The Guardian - Thu, 2024-03-07 16:54

Logging stopped as Australian Agribusiness Group says its teams have resolved to increase efforts ‘on the protection of the local animal population’ and that they ‘are operating well beyond what is considered best practice for wildlife management’

WARNING: contains images some viewers may find distressing

Government and RSPCA inspectors are investigating the logging of blue gum plantations on Kangaroo Island after the release of what the South Australian deputy premier described as “horrific” images of koalas allegedly being killed and injured.

Logging has been stopped while the investigation takes place.. It follows Guardian Australia publishing photos of seriously injured and dead koalas, and the Seven Network airing footage of koalas clinging to and being thrown from falling blue gums.

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Former Pollination director joins Australian airline as head of carbon markets

Carbon Pulse - Thu, 2024-03-07 16:43
A former director of advisory firm Pollination has joined Australian airline Qantas as its head of carbon markets.
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Budget fell far short on UK green investment, experts say

The Guardian - Thu, 2024-03-07 16:00

Green economists dismayed by failure to recognise one of the fastest-expanding areas of business

Opportunities to revive the UK’s flagging economy by boosting green industry were missed in one of the least green budgets of recent years, experts have said.

Several said this failure to recognise one of the fastest-expanding areas of business – the net zero economy grew by 9% in key areas last year, while the rest of the economy was stagnant, according to CBI estimates – would drag down the UK in the short and long term.

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