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VCM Report: Market hopeful for COP29 boost despite weak liquidity

Carbon Pulse - Tue, 2024-10-01 02:56
Liquidity continued to drag in the voluntary carbon market in the last week of September amid the distraction of New York Climate Week, although the summit has stirred hopes of a breakthrough at COP29 in November.
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Saudi firm to launch voluntary carbon exchange at COP29 -media

Carbon Pulse - Tue, 2024-10-01 02:31
A state-backed Saudi company created to scale up the voluntary carbon market (VCM) in developing countries will launch a trading platform at COP29 and seek to integrate regional markets, local media has reported.
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DATA DIVE: Britain’s coal achievement comes against backdrop of ever-increasing global consumption

Carbon Pulse - Tue, 2024-10-01 02:21
On Sep. 30, Britain's last coal-fired power plant in operation, at Ratcliffe-on-Soar in Nottinghamshire, powered electricity to the UK grid for the final time.
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Majority of buyers prefer carbon removals to avoidance, reductions -survey

Carbon Pulse - Tue, 2024-10-01 02:06
A survey of voluntary carbon market (VCM) stakeholders has shown that nearly 90% of buyers do not plan to use ubiquitous reduction or avoidance credits in their corporate decarbonisation strategies.
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Kenyan cookstove manufacturer secures $9 mln investment through carbon credit partnership

Carbon Pulse - Tue, 2024-10-01 01:32
A Kenyan clean cookstove manufacturer has received a $9.2 million investment from a London-based financial firm, it announced Monday.
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EU agriculture policy failing on climate, auditors say

Carbon Pulse - Tue, 2024-10-01 01:01
The EU's Common Agricultural Policy (CAP) is failing on its green ambitions, despite its aim to increase environmental and climate ambition for the 2023-27 period, according to the European Court of Auditors (ECA).
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A butterfly: ‘elbowing each other with the joints on their legs, pushing and shoving to get at the liquid’

The Guardian - Tue, 2024-10-01 01:00

We learn about butterflies when we are small because it is foreshadowing: you too will change. But they are an imperfect metaphor for what it feels like to live

The very funny naturalist and writer Redmond O’Hanlon was on a sandbank on the edge of a river in Borneo when hundreds of butterflies started to fly towards him and his travel companion and landed on their boots, trousers, and shirts, and “sucked the sweat from our arms.”

He watched them for a while – “there were Whites, Yellows and Blues, Swallow-tails, black, banded, or spotted with blue-greens” – and then stood up and brushed them off gently.

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Australia’s ‘immoral’ coalmine decision akin to drowning its Pacific neighbours, Tuvalu’s climate minister declares

The Guardian - Tue, 2024-10-01 01:00

Labor government has undermined case to co-host 2026 UN climate summit with island nations, Dr Maina Talia declares

Tuvalu’s climate minister says Australia’s decision to approve three coalmine expansions calls into question its claim to be a “member of the Pacific family”, and undermines the Australian case to co-host the 2026 UN climate summit with island nations.

Dr Maina Talia said last week’s mine approvals that analysts say could generate more than 1.3bn tonnes of carbon dioxide across their lifetime once the coal is shipped and burned overseas was “a direct threat to our collective future”.

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Singapore, Ghana issue first call for Article 6 projects

Carbon Pulse - Tue, 2024-10-01 00:36
Singapore and Ghana on Monday issued their first call for projects under their Article 6 partnership, having set out the procedures for the authorisation of carbon offset projects meant to channel financing towards emissions reduction or removals in the African country.
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INTERVIEW: Making fuels from plastics using hydrogenolysis moves one step closer

Carbon Pulse - Tue, 2024-10-01 00:03
Researchers at a Swiss university have made an important advance in the use of a hydrogen-based process for the chemical recycling of plastics, which could ultimately enable the conversion of plastic waste into fuels.
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Over 50 firms sign carbon removal standards commitment

Carbon Pulse - Mon, 2024-09-30 23:44
A total of 55 companies have signed the 'Carbon Dioxide Removal Industry Commitments', which aim to establish new standards to scale carbon removal in a bid to keep temperature warming to Paris Agreement goals.
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BRIEFING: Coal still central to emissions-heavy steelmaking, commodities report finds

Carbon Pulse - Mon, 2024-09-30 23:19
Metallurgical coal demand is not decreasing in the short or medium term despite calls for steelmakers and the iron ore miners who supply them to cut emissions using new technology.
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LATAM Roundup: J-REDD is king at Climate Week, Colombia releases H1 CO2 tax stats

Carbon Pulse - Mon, 2024-09-30 23:13
Jurisdictional REDD+ (J-REDD) starred at Climate Week NYC, and Carbon Pulse has analysed new data about Q2 retirements toward Colombia’s carbon tax, in the week ending Sep. 29.
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Senior Tories may push for party to become pro-fracking

The Guardian - Mon, 2024-09-30 23:08

Calls grow for lifting of moratorium on onshore drilling in England to become policy under new leader

Senior Conservatives are considering pushing for a lifting of the moratorium on fracking in England to become party policy.

At the Conservative party conference in Birmingham, MPs are reflecting on the crushing blow they were dealt at this year’s general election and coming up with policies and ideas to rebuild the party so it can win in 2029. A leadership election is taking place and candidates are laying out their ideas to MPs.

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National biodiversity plans do not go far enough, WWF tracker finds

Carbon Pulse - Mon, 2024-09-30 22:20
Many of the national biodiversity plans that have been submitted in time for COP16 do not go far enough, WWF said on Monday following the launch of a tracker tool.
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Malaysia releases updated national climate change policy

Carbon Pulse - Mon, 2024-09-30 21:53
The Malaysian Ministry of National Resources and Environmental Sustainability (NRES) on Monday announced an updated climate change policy, which includes a new framework for the country’s transition towards a low-carbon economy.
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DATA DIVE: EU industrial demand destruction continues in 2024

Carbon Pulse - Mon, 2024-09-30 21:52
Industrial emission levels in the EU are plunging to new lows in 2024 as weak output has continued to reduce demand for EUAs in a major way more than two years after the energy crisis triggered by Russia’s invasion of Ukraine.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-09-30 21:24
European carbon allowance prices began the week on a lacklustre note, giving up a large portion of Friday afternoon's gains even as natural gas posted a fourth day of gains and the annual permit compliance cycle came to an end.
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EU releases draft rules to calculate GHG savings from low-carbon fuels, hydrogen

Carbon Pulse - Mon, 2024-09-30 21:06
The European Commission launched a public consultation Friday on the methodology to calculate the greenhouse gas savings obtained from low-carbon fuels such as hydrogen, taking into account a range of factors such as the carbon intensity of a country’s electricity grid.
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German non-profit, Swiss foundation buy first nature units from project in Malawi

Carbon Pulse - Mon, 2024-09-30 20:51
A German non-profit and a Swiss foundation have purchased the first batch of nature units generated from a conservation project in Malawi.
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