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EU blindly following SBTi after banning climate claims from offset use, warns lawyer

Carbon Pulse - Fri, 2024-01-19 03:32
EU parliamentarians have “blindly followed the Science Based Target initiative (SBTI)” after voting to endorse an EU deal to ban misleading carbon neutral claims if they rely on carbon credits, a lawyer warned Thursday.
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Partnership offers pre-insured carbon credits to manage buyer-side risk

Carbon Pulse - Fri, 2024-01-19 03:31
A carbon credit insurance startup has teamed up with a digital carbon sales platform to offer pre-insured carbon credits, aiming to promote transparency regarding potential risks to buyers in the  voluntary carbon market (VCM).
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Davos 2024: Best outcome of CBAMs would be a global carbon price -Norway’s foreign minister

Carbon Pulse - Fri, 2024-01-19 03:24
Carbon border adjustment mechanisms (CBAMs) are second best compared with a global carbon price, Norway’s foreign minister Espen Barth Eide told delegates at Davos on Thursday.
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Largest UK ETS emitter rejects union plans, confirms coal exit

Carbon Pulse - Fri, 2024-01-19 02:45
Tata Steel on Thursday rejected a workers’ union plan to keep its Port Talbot blast furnaces running, confirming its intention to reduce its carbon footprint by switching its energy source from coal to electricity.
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Planning underway for industrial carbon capture and utilisation plant in Austria

Carbon Pulse - Fri, 2024-01-19 02:03
A clean tech company and a supplier of high-grade refractory products are advancing plans to build a capture carbon and utilisation facility in Austria to make industrial products.
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Environmental non-profit endorses NY legislation to combat emissions from warehouse operations

Carbon Pulse - Fri, 2024-01-19 02:01
A US environmental non-profit outlined policy solutions in a report released Thursday to address the expansion of storage facilities and truck hauls in light of rising demand for shorter delivery durations, which has placed unequal health disparities on low-income households and communities of colour in New York.
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European Commission to propose a 90% EU emissions cut by 2040 -Bloomberg

Carbon Pulse - Fri, 2024-01-19 01:45
The European Commission will propose a goal for the EU to cut greenhouse gas emissions by 90% by 2040, Bloomberg reported citing anonymous sources, in line with scientific recommendations and a previous hint by the EU climate chief.
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Weak power and gas prices to push EUAs lower in 2024, say analysts

Carbon Pulse - Fri, 2024-01-19 01:42
Power and gas prices are unlikely to strengthen in 2024, analysts at a European utility said on Thursday, which will have a dampening effect on EUAs.
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Environment Agency told staff to delay inspections to stay on target last year

The Guardian - Fri, 2024-01-19 01:30

Regulator accused of ‘massaging figures’ by telling staff to pause inspections at poorly performing waste sites until January

The Environment Agency told staff in September to stop inspecting the most poorly performing waste sites until January in order to meet corporate compliance targets, it can be revealed.

The regulator has been accused of “massaging the figures”, with an insider telling the Ends Report and the Guardian that a lack of resources means the body is “failing to do its statutory duty in a timely manner”.

Continue reading...
Categories: Around The Web

US regulators probing former NBA sponsor Aspiration over carbon offset business -Bloomberg

Carbon Pulse - Fri, 2024-01-19 00:49
The NBA’s Los Angeles Clippers have ended their partnership with carbon offset startup Aspiration, which was previously a sponsor of the professional basketball team and is now under investigation by US regulators for potentially misleading customers, Bloomberg reported Thursday.
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INTERVIEW: Venture to fertilise ocean with synthesised whale poo eyes gigatonne-scale carbon removal

Carbon Pulse - Fri, 2024-01-19 00:38
A venture using synthesized whale poo to stimulate phytoplankton growth in the ocean leading to increased carbon sequestration, says that the process has gigatonne-scale potential for carbon removal and could generate ‘deep blue carbon removal’ credits in future.
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Biodiversity Pulse: Thursday January 18, 2024

Carbon Pulse - Thu, 2024-01-18 22:53
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
Categories: Around The Web

Alliance forms to back large-scale marine nature restoration in Norway

Carbon Pulse - Thu, 2024-01-18 22:50
Four organisations in Norway have teamed up to form Norwegian Marine Restoration (NoMaRe), a collaborative platform seeking to restore the more than 5,000 square kilometres of kelp forests that have been lost along the coast over the past decades.
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Agricultural firm launches ecosystem restoration project in India

Carbon Pulse - Thu, 2024-01-18 22:37
A Norwegian-Indian company has signed a Memorandum of Understanding (MoU) with a state government forest department in India to develop a 100,000-hectare environmental conservation project, aiming to contribute to the voluntary carbon market.
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Russia’s new voluntary carbon registry claims another milestone with first retirements

Carbon Pulse - Thu, 2024-01-18 22:36
Russia’s nascent voluntary carbon market has claimed another milestone after a copper producer announced it would retire carbon credits to offset its emissions.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-01-18 22:23
EU carbon prices moved in a relatively narrow range for much of the morning, trading higher despite briefly plunging to another 17-month low amid a short burst of aggressive selling, as traders eyed a rally in natural gas prices after three days of declines.
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Davos 2024: EU needs to clear the way for Green Deal investments

Carbon Pulse - Thu, 2024-01-18 22:05
The European Union needs to remove barriers to investments in clean technologies to ensure that the Green Deal paves the way to new, sustainable economic growth, speakers said in Davos on Thursday.
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Davos 2024: UN calls for speedy ratification of high seas treaty after Chile makes first move

Carbon Pulse - Thu, 2024-01-18 21:32
The UN has called on countries to swiftly ratify the Biodiversity Beyond National Jurisdictions (BBNJ) agreement, with 59 more to go after Chile this week became the first country to do so.
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China sets course for corporate involvement, expansive investment mechanisms in 2030 biodiversity action plan

Carbon Pulse - Thu, 2024-01-18 21:03
China on Thursday published its National Biodiversity Strategy and Action Plan (NBSAP) under the Global Biodiversity Framework (GBF), confirming its 30% nature protection target while eyeing far-reaching regulatory reforms and a broad range of funding options for ecosystem conservation and restoration.
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DRC environment and civil society groups concerned over govt forest carbon plans

Carbon Pulse - Thu, 2024-01-18 20:59
Civil society and environmental groups have released a joint statement expressing concern at an unexpected meeting called by the Democratic Republic of Congo (DRC) government to discuss forest plans, including carbon crediting from natural resources.
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