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BRIEFING: Over half of APAC’s economy directly dependent on nature, highly vulnerable to nature-related risks

Carbon Pulse - Wed, 2024-04-24 20:54
Countries in the Asia Pacific region are highly vulnerable to nature-related risks, including loss of biodiversity, an increase in pollution, and the non-availability of freshwater, and the failure to address these losses could lead material financial risk for companies and institutional investors, panellists told a webinar Wednesday.
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INTERVIEW: Plastic credits for waste recovery can help plug financing, regulatory gaps

Carbon Pulse - Wed, 2024-04-24 20:40
Plastic credits should be used wherever there’s a financing gap to make plastic collection happen and as a bridge to extended producer responsibility regulation, while they should be sufficiently expensive to dissuade plastic makers from producing the waste in the first place, according to a developer of track and trace software for waste recovery.
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BRIEFING: Who are the small industrial emitters covered by the EU’s ETS2?

Carbon Pulse - Wed, 2024-04-24 20:30
Small industrial emitters falling under the “other” sectors covered by the EU’s Emissions Trading System for road transport and heating fuels, ETS2, are typically German installations burning fossil gas in plants of less than 20 megawatts, analysts say.
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Australia’s largest resources export state fails again to buck emissions trend

Carbon Pulse - Wed, 2024-04-24 19:59
New emissions data from Australia’s climate change department shows emissions in its largest resources export state rose over the previous year by 9 million tonnes of CO2-e but those in its largest coal mining state have dropped significantly every year for five consecutive years.
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Korean steelmaker to to launch combined blue carbon, marine biodiversity conservation project

Carbon Pulse - Wed, 2024-04-24 19:21
One of the world's largest steelmakers has teamed up with government agencies to increase carbon sequestration and protect marine ecosystems in South Korea, using steel by-products to help cultivate seaweeds.
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UK ‘helping Russia pay for its war on Ukraine’ via loophole on refined oil imports

The Guardian - Wed, 2024-04-24 19:00

£2.2bn-worth of oil processed in China, India and Turkey – to whom Russia supplies crude – was imported in 2023, data shows

The UK has been accused of “helping Russia pay for its war on Ukraine” by continuing to import record amounts of refined oil from countries processing Kremlin fossil fuels.

Government data analysed by the environmental news site Desmog shows that imports of refined oil from India, China and Turkey amounted to £2.2bn in 2023, the same record value as the previous year, up from £434.2m in 2021.

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Green industrial production set to migrate to renewables-rich countries -study

Carbon Pulse - Wed, 2024-04-24 19:00
The production of energy-intensive green steel, chemicals, and hydrogen is likely to migrate from countries with limited renewables resources to those with abundant supply over the next two decades — but that does not have to result in a deindustrialisation for those that lose the operations, according to a study published on Wednesday. 
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Australian state to develop guide to reduce biodiversity impacts from renewable energy projects

Carbon Pulse - Wed, 2024-04-24 18:57
The Australian state of Victoria is committing A$3.8 million ($2.5 mln) to develop tools and guidelines for renewable energy project developers to avoid harming local biodiversity, it announced Wednesday.
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Australia’s Woodside sees climate plans rejected by AGM

Carbon Pulse - Wed, 2024-04-24 18:48
Australia's Woodside Energy saw its climate action plan rejected by shareholders at its annual general meeting in Perth on Wednesday with nearly 60% of investors voting against it, while the chairman suffered one of the largest shareholder revolts recorded for an ASX50 company in recent years.
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Thai bank teams up with consultancy to decarbonise energy, agriculture sectors, promote carbon trading

Carbon Pulse - Wed, 2024-04-24 17:41
A Thai state-owned bank has signed a Memorandum of Understanding (MoU) with a Bangkok-based climate consultancy to support domestic businesses and farmers in meeting their decarbonisation goals through trading of carbon credits and renewable energy certificates (RECs), it said in a statement.
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Removals buyers club signs CDR offtake agreement with concrete CO2 mineralisation tech developer

Carbon Pulse - Wed, 2024-04-24 17:01
A carbon dioxide removal (CDR) venture has made an advanced purchase of CDRs from mineralised CO2 in demolished concrete from multiple projects across Europe, it announced Tuesday.
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Birdsong once signalled the onset of spring on my street – but not this year | Tony Juniper

The Guardian - Wed, 2024-04-24 17:00

A dawn chorus of flutes, whistles and chirps once flowed through my Cambridge window, but there has been a shocking collapse in birdlife. What can be done?

Every year from February through to June, the early morning chorus of birdsong is one of the most evocative manifestations of spring. During late winter I open the bedroom window before going to sleep, to hear that incredible mix of flutes, whistles and chirps that begin before first light, when I wake. I listen for the layers of song that simultaneously come from close by and far away.

This year though, the dawn chorus that once was the soundtrack for spring in central Cambridge has collapsed. It was noticeably quieter in 2023, and this year strikingly so. Blackbirds are depleted and song thrushes no longer heard at all. The dunnocks – once one of the most common garden songsters – have disappeared, as have the chaffinches, whose early February song was among the first audible confirmations of lengthening days. The cheery chatter of house sparrows is absent and the once familiar sound of coal tits has fallen silent. Long-tailed tits are now rare, and so far this year I’ve heard no blackcaps. Great and blue tits, robins and goldfinches, are still present, but down in number.

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Sugar gums have a reputation as risky branch-droppers but they’re important to bees, parrots and possums

The Conversation - Wed, 2024-04-24 16:46
Many in the wider community still see sugar gums as risky trees that drop dangerous branches. But there is much to appreciate and admire about Eucalyptus cladocalyx. Gregory Moore, Senior Research Associate, School of Ecosystem and Forest Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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ANALYSIS: Japan’s inclusion of CDR credits not expected to stir enthusiasm in domestic carbon market

Carbon Pulse - Wed, 2024-04-24 16:06
Japan has opened the door to the use of international credits from carbon dioxide removal (CDR) projects in its domestic carbon market, though market response might be tepid due to the entry threshold and the limited scope of eligible projects.
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Our tall, wet forests were not open and park-like when colonists arrived – and we shouldn’t be burning them

The Conversation - Wed, 2024-04-24 15:32
All the evidence – colonial accounts and records, First Peoples’ testimony and scientific data – points to the existence of widespread tall, dense forests 250 years ago. David Lindenmayer, Professor, Fenner School of Environment and Society, Australian National University Chris Taylor, Research Fellow, Fenner School of Environment and Society, Australian National University Elle Bowd, Research Fellow, Fenner School of Environment & Society, Australian National University Philip Zylstra, Research Associate, University of New South Wales, and Adjunct Associate Professor, Curtin University Licensed as Creative Commons – attribution, no derivatives.
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Volatile day in California market as ARB workshop largely dodges main rulemaking questions

Carbon Pulse - Wed, 2024-04-24 12:35
WCI traders’ expectations for more clarifications on cap adjustment details, cost containment changes, and allowance allocation considerations from ARB at Tuesday’s workshop failed to materialise, resulting in volatile price action in the secondary market.
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