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Scotland pitches private nature restoration incentives

Carbon Pulse - Thu, 2024-04-04 21:46
The Scottish government is consulting on whether to legislate incentivising nature restoration on private land through financial support and advice.
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Mining for critical minerals is putting African great apes at risk of decimation, study finds

Carbon Pulse - Thu, 2024-04-04 21:32
Africa's critical minerals mining boom could wipe out more than one-third of the continent's ape population, with short-term offset plans failing to compensate for negative impacts, researchers have found.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-04-04 21:25
European carbon prices showed little reaction on Thursday morning to the publication last night of verified emissions data for 2023, despite a larger-than-predicted drop, with prices garnering support from a firmer TTF gas market, and a modest reduction in investment funds' short positioning also failing to trigger a definite price reaction.
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US announces $20 bln in grants to mobilise private capital towards community-level climate action

Carbon Pulse - Thu, 2024-04-04 21:13
The US Environmental Protection Agency (EPA) on Thursday announced the allocation of $20 billion in grants from the $27-bln Greenhouse Gas Reduction Fund (GGRF) to mobilise private investment in clean energy and other climate action, with the funding awarded to eight initiatives selected from two nationwide competitions.
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Japan issues call for voluntary projects under JCM

Carbon Pulse - Thu, 2024-04-04 21:09
Japan has issued a call for business proposals under the Joint Crediting Mechanism (JCM) with a total budget of 12.8 billion yen ($84.37 mln) for projects starting from this year, as the government aims to boost the supply of carbon credits under the bilateral framework.
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Schools close and crops wither as ‘historic’ heatwave hits south-east Asia

The Guardian - Thu, 2024-04-04 20:02

Governments across region grappling for response as temperatures soar to unseasonable highs

Thousands of schools in the Philippines have stopped in-person classes due to unbearable heat. In Indonesia, prolonged dry weather has caused rice prices to soar. In Thailand’s waters, temperatures are so high that scientists fear coral could be destroyed.

A “historic heatwave” is being experienced across south-east Asia, according to Maximiliano Herrera, a climatologist and weather historian. In updates posted on X, he said heat that was unprecedented for early April had been recorded at monitoring stations across the region this week, including in Minbu, in central Myanmar, where 44C was recorded – the first time in south-east Asia’s climatic history that such high temperatures had been reached so early in the month. In Hat Yai, in Thailand’s far south, 40.2 C was reached, an all-time record, while Yên Châu in north-west Vietnam hit 40.6C, unprecedented for this time of year.

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US banks ‘sabotaging’ own net zero plans by livestock financing, report claims

The Guardian - Thu, 2024-04-04 20:00

Lending to meat, dairy and feed corporations led to ‘significant proportion’ of banks’ emissions, Friends of the Earth found

American banks are “sabotaging” their own climate commitments by financing meat, dairy and feed corporations, according to a report.

The report analysed funding from 58 US banks to animal protein and feed companies in the form of loans and underwriting, such as share and bond issuance guarantees.

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Voluntary carbon ratings agency co-founder steps down

Carbon Pulse - Thu, 2024-04-04 19:45
The co-founder of a voluntary carbon market ratings agency has stepped down from their role at the firm to focus on other tools to fight climate change.
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Rio Tinto’s Madagascar mine may face lawsuit over pollution claims

The Guardian - Thu, 2024-04-04 19:00

Mining company hit with accusation it contaminated waterways with harmful levels of uranium and lead

In a letter of claim, a document that is an early step in a lawsuit, the villagers accuse Rio Tinto of contaminating the waterways and lakes that they use for domestic purposes with elevated and harmful levels of uranium and lead, which pose a serious risk to human health.

This story was published in partnership with The Intercept. The reporting for this investigation was supported by a grant from Journalists for Transparency, an initiative of Transparency International.

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France consults on new forest carbon certification methodologies

Carbon Pulse - Thu, 2024-04-04 18:43
France has opened a consultation on proposed revisions to its 'low-carbon label' methodologies, concerning afforestation, reforestation, and the restoration of degraded agricultural land in French Guiana.
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South Korea looking for international emissions reduction projects to fund

Carbon Pulse - Thu, 2024-04-04 16:54
South Korea is planning to allocate a budget of up to 10.9 billion won ($8.09 mln) to subsidise domestic companies that plan to develop emissions reduction projects abroad this year, as the government seeks to secure more international carbon credits. 
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Global rainforest loss continues at rate of 10 football pitches a minute

The Guardian - Thu, 2024-04-04 16:00

Despite major progress in Brazil and Colombia, deforestation led by farming still cleared an area nearly equal to Switzerland

The destruction of the world’s most pristine rainforests continued at a relentless rate in 2023, despite dramatic falls in forest loss in the Brazilian and Colombian Amazon, new figures show.

An area nearly the size of Switzerland was cleared from previously undisturbed rainforests last year, totalling 37,000 sq km (14,200 sq miles), according to figures compiled by the World Resources Institute (WRI) and the University of Maryland. This is a rate of 10 football pitches a minute, often driven by more land being brought under agricultural cultivation around the world.

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British farmers want basic income to cope with post-Brexit struggles

The Guardian - Thu, 2024-04-04 15:00

Schemes to replace EU subsidies will not plug gap left by loss of EU subsidies for most farmers

Farmers are calling for the government to grant them a universal basic income, saying the post-Brexit agriculture subsidy scheme has left many poorer.

Delays to the sustainable farming schemes put in place after the UK left the European Union, to replace the common agricultural policy (CAP), have meant that in England many farmers have been left out of pocket. The new regime initially suffered from low subscription rates, and the government has underspent hundreds of millions from the £2.4bn farming budget each year due to lack of sign-up.

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Dramatic drop in logging in key Amazon countries

BBC - Thu, 2024-04-04 14:03
Brazil and Colombia curbed logging in 2023, but other countries wiped out many of the gains.
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Groups urge Australia govt to limit ministerial call-in powers in EPBC reforms

Carbon Pulse - Thu, 2024-04-04 13:43
A number of stakeholders are urging the Australian government to reign in broad ministerial call-in powers being proposed under its reforms to the country’s environment and biodiversity protection laws.
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57 fossil fuel and cement producers caused 80% of emissions since Paris Agreement, study finds

Carbon Pulse - Thu, 2024-04-04 13:01
The majority of global CO2 emissions released into the atmosphere since the Paris Agreement was adopted in 2015 can be traced to a small group of fossil fuel and cement companies, according to analysis published on Thursday.
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