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UK spends least among major European economies on low-carbon energy policy, study shows

The Guardian - Tue, 2024-03-05 15:01

Britain spent about £26bn in three years on low-carbon measures, less than Italy, Germany, France and Spain, Greenpeace finds

The UK spends less on low-carbon energy policy than any other major European economy, analysis has shown, despite evidence that such spending could lower household bills and increase economic growth more than the tax cuts the government has planned.

Spending on low-carbon measures for the three years from April 2020 to the end of April 2023 was about $33.3bn (£26.2bn) in total for the UK, the lowest out of the top five European economies, according to an analysis by Greenpeace of data from the International Energy Agency.

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Lumpy skin disease is a threat to Australia and could decimate our cattle industries – we need to know how it could enter and spread

The Conversation - Tue, 2024-03-05 13:00
A disfiguring disease of cattle and buffalo has arrived on our doorstep. We need to keep lumpy skin disease out of Australia, while preparing for the almost inevitable outbreak. Kei Owada, Postdoctoral Research Fellow, The University of Queensland Ben Hayes, Director, Centre of Animal Science, University of Queensland, The University of Queensland Ricardo J. Soares Magalhaes, Professor, The University of Queensland Timothy J. Mahony, Professor, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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Global project developer to expand carbon portfolio in Malaysia

Carbon Pulse - Tue, 2024-03-05 12:53
An international carbon project developer has teamed up with a domestic partner to expand its project portfolio and support Paris-aligned policies in Malaysia.
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Irish tech firm targets 1 bln tonnes CO2 sequestration with hemp housing by 2030

Carbon Pulse - Tue, 2024-03-05 10:56
Irish software developers have pledged to sequester 1 billion tonnes of CO2 by building housing for 300 million people by 2030 using hemp-based concrete.
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RFS market: RINs hover around lowest values in three years as market looks to renewable diesel

Carbon Pulse - Tue, 2024-03-05 09:55
Biofuel credit (RIN) values under the US Renewable Fuel Standard (RFS) slightly retraced to begin the month of March but remained in line with lowest values since 2020 as the market continues to monitor D4 credit generation from renewable diesel.
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Italy to map all coastal habitats in marine ecosystem restoration push

Carbon Pulse - Tue, 2024-03-05 09:06
Italy has begun the "unprecedented" process of mapping its entire 7,500-km coast through remote and acoustic technologies in an attempt to better inform public conservation and restoration policies.
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Mexican government circulates draft regulation for national voluntary carbon registry, price index with Article 6 provisions

Carbon Pulse - Tue, 2024-03-05 08:40
The Mexican government distributed a draft regulation for the national voluntary carbon market (VCM) at a stakeholder workshop last week that would create a centralised record of VCM data, a national price index, and authorisation procedures for international carbon trading under Article 6.2 of the Paris Agreement, according to a leaked draft seen by Carbon Pulse.
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UPDATE – WCAs sell off after Washington attempts to clarify ballot initiative implications ahead of Q1 auction

Carbon Pulse - Tue, 2024-03-05 08:16
Washington Carbon Allowance (WCA) prices sold off on Monday afternoon after the state's Department of Ecology (ECY) issued a statement attempting to clarify its position on a legislative initiative that could repeal the nascent cap-and-trade scheme.
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City of London initiative to help SMEs, individuals buy UKAs rather than voluntary carbon

Carbon Pulse - Tue, 2024-03-05 06:15
London’s financial hub is urging businesses and people to buy carbon from the regulated UK ETS and cancel them permanently, rather than offset emissions through voluntary markets, as part of a new collaboration launched Monday.
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In a dangerously warming world, we must confront the grim reality of Australia’s bushfire emissions

The Conversation - Tue, 2024-03-05 05:22
Australia’s approach to estimating bushfire emissions is credible and sophisticated. But it must be refined as technology improves and the climate changes. Robert Hortle, Research Fellow, Tasmanian Policy Exchange, University of Tasmania Lachlan Johnson, Research fellow, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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Lawmakers greenlight plans to harmonise EU carbon accounting rules for transport

Carbon Pulse - Tue, 2024-03-05 05:08
Members of the European Parliament gave the thumbs up Monday evening to draft plans for harmonising the way transport emissions are counted in the EU, with a final agreement with member states not expected until after the June European elections.
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EU energy ministers agree to reduce demand for gas for another year

Carbon Pulse - Tue, 2024-03-05 04:51
The EU's 27 energy ministers committed on Monday to continue efforts to reduce demand for gas until the end of next winter by at least 15%, during a meeting in Brussels.
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VCM Report: Voluntary carbon buyers sitting on sidelines despite high levels of credit retirements

Carbon Pulse - Tue, 2024-03-05 03:24
Prices failed to budge, liquidity was thin last week, and there was a mix of opinion about the direction of the voluntary carbon market, with sources reporting a flood of new offers posted while others noted the cupboard was starting to run bare of good quality.
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Canadian carbon offset developer leverages MRV technology in vertical integration rebrand, dual listing effort

Carbon Pulse - Tue, 2024-03-05 02:57
A Canadian-headquartered voluntary offset project developer has partnered with an MRV technology firm run by one of its co-founders to pursue vertical integration amid a company rebrand and proposed dual share listing.
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