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Ratings agency defends against detractors, arguing they’re a sign of a maturing market

Carbon Pulse - Tue, 2024-05-14 19:02
Carbon ratings firms are a sign that the voluntary market is maturing and can help bring price clarity to buyers, a representative of one agency told a conference Tuesday in defence against critics.
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Japan to draw up 2040 decarbonisation strategy, strengthen legal foundation of domestic ETS

Carbon Pulse - Tue, 2024-05-14 18:54
Japan has launched a process to formulate a new national decarbonisation strategy towards 2040, which it intends will give more clarity to the trajectory of the country's emissions trading system.
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Huge crocodile captured in north Queensland after houseboat scare – video

The Guardian - Tue, 2024-05-14 16:45

The crocodile measuring more than four metres long was captured in a north Queensland marina after lunging at a man on a houseboat. The reptile was reported to authorities after launching itself at the houseboat and, in a separate incident, taking a dog. The animal was captured at Cardwell Marina, north of Townsville

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Xpansiv looks to connect to the world via open access to market services

Carbon Pulse - Tue, 2024-05-14 16:00
Xpansiv is expanding its horizons with a new service to provide open access to the company’s automated settlement and portfolio management, the company announced Tuesday.
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UK ‘net zero’ project will produce 20m tonnes of carbon pollution, say experts

The Guardian - Tue, 2024-05-14 15:00

Government told Net Zero Teesside gas scheme will be massive polluter despite its carbon capture claims

A multibillion-pound “net zero” project backed by two of the world’s biggest fossil fuel firms will be responsible for more than 20m tonnes of planet-heating carbon over its lifetime, according to research submitted to the UK government.

The Net Zero Teesside scheme to build a new gas-fired power station in north-east England is backed by BP and Equinor and says it will use carbon capture and storage (CCS) technology to capture up to 95% of its emissions and bury them beneath the North Sea.

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Shareholders at Kasigau firm clash with board over alleged financial mismanagement -media

Carbon Pulse - Tue, 2024-05-14 11:29
Shareholders of Kasigau Ranching Company have reportedly clashed with the board of directors over how "millions of shillings" from voluntary carbon credit sales were spent, with the firm in the middle of a financial and management crisis, according to local media.
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Up to €48 bln of EU subsidies supports activities harmful to nature, WWF says

Carbon Pulse - Tue, 2024-05-14 10:01
EU countries are directing between €34 billion and €48 bln of European subsidies annually into activities that harm biodiversity, with the majority of them allocated to agriculture, according to a report released on Tuesday.
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Para public defender targets R$20 mln fine for alleged REDD+ infractions -media

Carbon Pulse - Tue, 2024-05-14 09:08
The public defender of forest-rich Brazilian state Para is targeting fines totalling R$20 million ($3.9 mln) for alleged illegal land-grabbing practices related to multiple REDD+ projects, according to local media reports.
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RGGI Market: RGAs flatline as market re-enters programme review purgatory

Carbon Pulse - Tue, 2024-05-14 07:45
RGGI allowance (RGA) prices largely plateaued over the past week on lower volumes, with many market participants expecting the futures to hover around their current range in the continued absence of programme review updates, despite a general sense of bullishness.
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Texas firm signs 2-Mt annual CO2 offtake for Louisiana CCS hub

Carbon Pulse - Tue, 2024-05-14 07:42
A Texas-headquartered pipeline and terminaling energy company signed a revised letter of intent (LOI) with a carbon management firm to jointly develop a carbon capture and storage (CCS) project in Louisiana, committing up to 2 million tonnes of CO2 captured annually from its operations.
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ART to begin review of jurisdictional REDD+ carbon standard in August

Carbon Pulse - Tue, 2024-05-14 07:26
The Architecture for REDD+ Transactions (ART) will begin a process to review its jurisdictional carbon standard in August, the US-headquartered organisation announced Monday.
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