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Debate heats up on ‘recycled carbon fuels’ reporting rules under EU ETS

Carbon Pulse - Wed, 2024-07-31 23:28
An EU-wide public consultation on greenhouse gas monitoring and reporting rules under the EU’s Emissions Trading Scheme (EU ETS) has yielded many reactions on recycled carbon fuels (RCFs) as one of the potential avenues to decarbonise aviation and maritime transport.
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IFC pledges $50 mln to support Latin American reforestation effort

Carbon Pulse - Wed, 2024-07-31 23:17
The International Finance Corporation (IFC), a member of the World Bank Group, will invest $50 million in an effort to mobilise $1 billion for a reforestation strategy in Latin America, it announced Tuesday.
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Xpansiv aims to launch CORSIA-eligible voluntary carbon spot contract in Q4

Carbon Pulse - Wed, 2024-07-31 23:08
Xpansiv, an environmental markets services provider, is looking to launch a CORSIA-compliant voluntary carbon spot contract in Q4, by which time it expects greater liquidity in the market.
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Extreme ‘heat dome’ hitting Olympics ‘impossible’ without global heating

The Guardian - Wed, 2024-07-31 23:00

Scorching temperatures in Mediterranean countries and north Africa already causing increase in premature deaths

The “heat dome” causing scorching temperatures across western Europe and north Africa, and boiling athletes and spectators at the Olympic Games in Paris, would have been impossible without human-caused global heating, a rapid analysis has found.

Scientists said the fossil-fuelled climate crisis made temperatures 2.5C to 3.3C hotter. Such an event would not have happened in the world before global heating but is now expected about once a decade, they said. Continued emissions of heat-trapping carbon dioxide will make them even more frequent, the researchers warned.

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Scientists propose lunar biorepository as ‘backup’ for life on Earth

The Guardian - Wed, 2024-07-31 23:00

Experts say facility beyond reach of climate breakdown and other terrestrial events is needed to safeguard biodiversity

With thousands of species at risk of extinction, scientists have devised a radical plan: a vault filled with preserved samples of our planet’s most important and at-risk creatures located on the moon.

An international team of experts says threats from climate change and habitat loss have outpaced our ability to protect species in their natural habitats, necessitating urgent action. A biorepository of preserved cells, and the crucial DNA within them, could be used to enhance genetic diversity in small populations of critically endangered species, or to clone and create new individuals in the worst-case scenario of extinction.

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BRIEFING: UK hikes funding for clean power, and taxes for oil and gas output

Carbon Pulse - Wed, 2024-07-31 22:47
The UK's clean energy industry received a strong boost on Wednesday, when the government announced it would offer a record £1.5 billion in the next renewables auction – just days after it confirmed it would hike a windfall tax on the country's offshore oil and gas sector.
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Improving livestock health could reduce methane emissions -study

Carbon Pulse - Wed, 2024-07-31 22:42
Improving the health of ruminant livestock could reduce methane emissions, while at the same time enhancing economic outcomes and animal welfare, finds a new study.
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Land conversion threatens over 460 mln ha of intact ecosystems, study says

Carbon Pulse - Wed, 2024-07-31 22:41
Over 460 million hectares of the world's intact natural land is at risk of being converted into other uses, such as agriculture, a paper has said.
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‘There’s nothing else like it’: Dorset glow-worm survey charms volunteers

The Guardian - Wed, 2024-07-31 22:33

The insects are being looked after in a conservation project that encourages visitors to enjoy their ‘piercing’ light

Far out in the Channel, the lights of ships at anchor flickered while the lighthouse at Anvil Point emitted its steadier beam. Late on, a crescent moon shone a coppery orange.

But, undoubtedly, the most extraordinary light source to be seen was the vivid green gleam from the glow-worms that inhabit the herb-rich grassland on the cliffs and quarries in this tucked-away corner of southern Britain.

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ISS ESG releases new data set to help banks growing climate disclosure requirements

Carbon Pulse - Wed, 2024-07-31 22:01
ISS STOXX, a group of companies providing research and technology for capital market participants, has added a new data set to its suite of ESG climate solutions, to support banks and insurance companies in complying with mandatory climate-related disclosure frameworks, it announced on Wednesday.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-07-31 21:10
European carbon prices advanced to their highest in 12 trading sessions, again testing a key technical level that has held the market in check for eight weeks, amid general firmness across the energy complex and as speculative traders increased their bearish bets to the most in more than four months.
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Active forest management should earn ACCUs too, forest lobby group argues

Carbon Pulse - Wed, 2024-07-31 20:42
An Australian forestry industry lobby group is urging Australia to expand forest-related carbon crediting, it said this week via a proposal to Canberra to include them in the Australian Carbon Credit Unit (ACCU) scheme.
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FEATURE: In most corporate net zero plans, unwieldy supply chain emissions still go overlooked

Carbon Pulse - Wed, 2024-07-31 20:33
While a growing number of big companies are setting science-based targets for net zero emissions, few are beginning to tackle the largest and most unwieldy chunk of their climate footprints - the emissions released across their supply chains, before they even begin making the products they’re renowned for. 
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Article 6 baseline settings must take progressive approach, go beyond Kyoto-era methodologies -World Bank

Carbon Pulse - Wed, 2024-07-31 20:09
Methodologies under Article 6 of the Paris Agreement need to go beyond the Kyoto Protocol’s Clean Development Mechanism (CDM) baseline determination, even as CDM can serve as a reference for Paris Agreement methodologies, according to a World Bank and Climate Warehouse paper.
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Korean research institute seeks commercialisation of low-carbon seawater desalination technology

Carbon Pulse - Wed, 2024-07-31 20:06
A Korean geoscience research institute is pursuing the commercialisation of an emerging seawater desalination technology that can reduce CO₂ through brine treatment.
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US energy reform bill a ‘wishlist for the fossil industry’, say environmental groups

The Guardian - Wed, 2024-07-31 20:00

Critics say bill is a ‘fossil fuel wolf in clean energy clothing’ that would gut environmental protections

US senators should reject an energy-permitting reform bill being brought to committee on Wednesday by senators Joe Manchin and John Barrasso because it’s a “wishlist for the fossil industry” of the kind envisioned by Project 2025, environmental groups say.

Manchin, a senator from West Virginia and a former Democrat who registered as an independent in May, and Barrasso, a Republican from Wyoming, argue their bill will speed permitting of power transmission, mining and liquefied natural gas (LNG) export projects. Their bill will be voted on by the Senate energy and natural resources committee, of which Manchin, a longtime proponent of the reforms, is the chair and Barrasso is the committee’s top Republican.

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European carbon startups raise millions towards expansion

Carbon Pulse - Wed, 2024-07-31 19:51
Two European carbon startups have raised millions towards expansion of their technologies that operate in the management and carbon removals sub-sectors.
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NatureMetrics launches tool to track soil restoration progress

Carbon Pulse - Wed, 2024-07-31 19:38
Biodiversity monitoring company NatureMetrics has launched a tool to measure and track soil restoration progress, claiming it could help private organisations better demonstrate their commitment to nature positive outcomes.
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Australian micro oiler wins first CCS permit in latest acreage round

Carbon Pulse - Wed, 2024-07-31 19:33
Australia has handed out the first offshore carbon capture and storage (CCS) permit from last year’s large acreage round to a Western Australia-based minnow hoping to use end-of-life oil fields it has a share in to develop an ambitious CCS and ammonia project.
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Singapore Carbon Market Alliance forms to strengthen links to Article 6

Carbon Pulse - Wed, 2024-07-31 19:27
A group of around 40 companies on Wednesday announced the launch of the Singapore Carbon Market Alliance (SCMA), whose main focus will be to secure access to the Article 6 market for companies in the city state.
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