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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-10-10 21:39
European carbon prices strengthened again tracking bullish gas prices as participants pointed to a return to correlation between the two markets on Thursday, as the benchmark EUA contract moved past key technical resistance levels.
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Commonwealth states to launch first-ever joint ocean declaration at upcoming Samoa meeting

Carbon Pulse - Thu, 2024-10-10 20:58
Fifty-six member countries of the Commonwealth plan to make a joint declaration on ocean protection during the upcoming association's meeting in Samoa, the first ever hosted by a Pacific Island nation.
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Multi-donor initiative pledges $2.5 bln to help Cameroon halt deforestation

Carbon Pulse - Thu, 2024-10-10 20:57
A UN-backed multi-donor coalition this week committed $2.5 billion over the next decade to support Cameroon in transitioning away from traditional land-use practices towards deforestation-free production models.
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Exchange sets out to create ASEAN regional carbon market framework

Carbon Pulse - Thu, 2024-10-10 20:00
Bursa Malaysia, the Malaysian stock exchange, is pushing for a common carbon framework for the Association of Southeast Asian Nations (ASEAN) region, it announced Thursday.
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PREVIEW: High expectations that COP16 can boost demand for biodiversity credits

Carbon Pulse - Thu, 2024-10-10 19:22
Scaling the voluntary biodiversity credit market, including through establishing a global framework to ensure integrity, will be among the core topics of discussion at the upcoming COP16 in Colombia, as standards and early movers see the summit as an opportunity to unlock corporate demand.
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2040 climate target, role of nuclear on the agenda at EU meeting on COP29

Carbon Pulse - Thu, 2024-10-10 19:07
The European Union’s 27 climate and environment ministers are set to adopt their negotiating mandate for the November UN climate summit in Baku, with only two final discussion points on the table, French officials have said.
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Japanese offset developer secures local partners for expansion in Thailand

Carbon Pulse - Thu, 2024-10-10 18:13
A Japanese offset developer has secured partnerships with local partners to expand its presence in Thailand's voluntary carbon sector. 
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African nature credit buyer’s club to launch with target of ‘millions of dollars’

Carbon Pulse - Thu, 2024-10-10 18:00
The BIRA Coalition has announced it is forming a buyer’s club that aims to raise millions of dollars through nature credits generated by large-scale projects in Sub-Saharan African countries, Carbon Pulse has learned.
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ANALYSIS: Australia’s environmental credibility contrasts good intentions, summit delegates say

Carbon Pulse - Thu, 2024-10-10 16:43
Attendees of Australia’s first Global Nature Positive Summit lauded the government for hosting the event, but the current political troubles it faces and lingering questions over how to incentivise private sector investment are not going away.
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Collapsing wildlife populations near ‘points of no return’, report warns

The Guardian - Thu, 2024-10-10 16:26

As average population falls reach 95% in some regions, experts call for urgent action but insist ‘nature can recover’

Global wildlife populations have plunged by an average of 73% in 50 years, a new scientific assessment has found, as humans continue to push ecosystems to the brink of collapse.

Latin America and the Caribbean recorded the steepest average declines in recorded wildlife populations, with a 95% fall, according to the WWF and the Zoological Society of London’s (ZSL) biennial Living Planet report. They were followed by Africa with 76%, and Asia and the Pacific at 60%. Europe and North America recorded comparatively lower falls of 35% and 39% respectively since 1970.

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Korean trade ministry proposes sub-rules for CCUS project development

Carbon Pulse - Thu, 2024-10-10 16:16
South Korea has proposed a set of sub-rules to supplement the country's national law for the development of carbon capture, utilisation, and storage (CCUS), specifying facility standards for project operators.
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Herd of tauros to be released into Highlands to recreate aurochs effect

The Guardian - Thu, 2024-10-10 16:00

Large, cattle-like tauros will shape landscape and strengthen wildlife as huge, extinct herbivore once did

A herd of beefy, long-horned tauros are to be released into a Highlands rewilding project to replicate the ecological role of the aurochs, an extinct, huge herbivore that is the wild ancestor of cattle.

The tauros have been bred in the Netherlands in recent years to fill the niche vacated by the aurochs, which once shaped landscapes and strengthened wildlife across Europe.

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Gold Standard seeks carbon project developers to pilot new digital MRV tool

Carbon Pulse - Thu, 2024-10-10 14:01
Gold Standard is seeking carbon project developers to test run its new digital measurement, reporting, and verification (dMRV) tool that will automate data collection and help streamline emissions reporting.
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ARB boosts bi-weekly offset issuance by 73%, yet trails 2023 YtD

Carbon Pulse - Thu, 2024-10-10 13:36
California regulator ARB’s latest issuance of compliance-eligible offsets still trails year-to-date (YtD) totals compared to 2023 levels by nearly 20%, agency data released Wednesday showed.
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Canada announces plans to advance mandatory emissions disclosures

Carbon Pulse - Thu, 2024-10-10 12:58
Canada will move forward with mandating climate-related financial disclosures for large, federally incorporated private companies, the federal government announced Wednesday, and also provided detail on progress towards a Canadian taxonomy for sustainable investment.
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Permit delays among the biggest bottlenecks for US CCS projects

Carbon Pulse - Thu, 2024-10-10 12:54
Uncertainty surrounding permit approval timelines for US carbon capture and storage (CCS) projects has become a major “pain point” for operators in the country and stifled much-needed progress in the industry, conference participants heard Wednesday.
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On the climate crisis, housing and more, politicians avoid clarity because it demands action | Greg Jericho

The Guardian - Thu, 2024-10-10 12:50

Our leaders may prefer complexity because it means they can defer taking action – but doing something about emissions reduction or slow wage growth is actually not that complex

After spending any time analysing policy you quickly realise that politicians expend a supreme level of effort to avoid doing the obvious, and instead they do complex things that neither solve a problem nor appease their opponents.

For politicians, the problem with clarity is that it demands action. Complexity provides safety because action can more easily be avoided. And so the obvious and clear are painted as “extreme”, while the complex is regarded as “mature”.

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Verra publishes new cookstoves methodology

Carbon Pulse - Thu, 2024-10-10 12:49
Verra replaced its prior cookstoves protocols on Wednesday, retaining the UN approach to calculate emissions reductions from its initial version, but eliminating opportunity for other devices such as ovens, heaters, and dryers, to generate voluntary carbon credits.
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