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Both a proponent and an opponent of carbon capture utilisation and sequestration (CCUS) agree that the US Inflation Reduction Act (IRA) will out-incetivise funding for Canadian technology, despite the expected C$20 billion ($14.6 bln) legislation on Tuesday enshrining a CCUS tax credit first announced in 2021.

California gasoline sales and emissions increased only slightly in August compared to the previous year, while diesel consumption and greenhouse gas output lagged 2022 levels by the smallest margins seen so far this year, according to state data published Monday.

Cannon-Brookes says AGL's targets for the green energy transition are hopelessly inadequate, and will reward senior executives with bonuses just for "standing still."

The post Cannon-Brookes calls on Australia’s biggest coal polluter to move a lot faster to green energy appeared first on RenewEconomy.

Canada's recent carbon policies would bring down tax revenue by over C$1 billion and increase rural supplement payments to $3 bln, says the budget watchdog.

RGGI allowances (RGAs) again broke a record settlement price for the benchmark contract on small volume, while market participants speculated the logic behind breach of the Cost Containment Reserve (CCR) trigger level.

Brazil's lower house of Congress will hold a crucial vote on a national Emissions Trading System (ETS) legislation this month amid negotiations over the programme's managing body, sectoral inclusion, and tax reform, two experts told Carbon Pulse.

Climate denial is passe. But why do so many of us know the climate crisis is upon us – and live like it isn’t? Celeste Young, Collaborative Research Fellow, Sustainable Industries and Liveable Cities (ISILC), Victoria University Roger Jones, Professorial Research Fellow, Victoria University Licensed as Creative Commons – attribution, no derivatives.

Antigua and Barbuda's environment ministry has distanced itself from a company purporting to be developing blue carbon projects there worth up to a trillion dollars, despite the venture listing the Caribbean island nation's prime minister among its leadership team.

Landmark finding in judicial review over management of Costa Beck river could force overhaul of government’s plans

The government and environment agency failed in their duty to restore and protect waterways from pollution, the high court has ruled in a significant case that could force an overhaul of the government’s plans.

Fish Legal and Pickering Fishery Association took the government to judicial review over its river basin management plan for the Costa Beck river in the Humber district, which had a reputation as one of the best fly fishing spots in the UK until a few years ago.

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Sentences risk silencing public concerns about the environment, climate change rapporteur Ian Fry says

Long sentences handed to two Just Stop Oil protesters for scaling the M25 bridge over the Thames are a potential breach of international law and risk silencing public concerns about the environment, a UN expert has said.

In a strongly worded intervention, Ian Fry, the UN’s rapporteur for climate change and human rights, said he was “particularly concerned” about the sentences, which were “significantly more severe than previous sentences imposed for this type of offending in the past”.

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International carbon market stakeholders have broadly welcomed the last-minute adoption of recommendations for how the UN crediting mechanism under Article 6 of the Paris Agreement should operate, but also pointed to uncertainties that risk diluting ambition and noted the challenge of deferring many key decisions given the ambiguous nature of certain sections of the text.

The European Commission has extended part of the bloc’s state aid Temporary Crisis and Transition Framework by six months, meaning member states can continue providing additional support to certain EU ETS-covered entities hit by the energy crisis and ongoing war in Ukraine.

The Brazilian state of Roraima has signed a letter of intent (LOI) with a large Brazilian bank to facilitate $3 million in carbon credit funding for farmers who invest in sustainable agriculture. 

Large volumes of REDD avoided deforestation changed hands at rock bottom prices last week amid the continued fallout from the negative press coverage about the sector, while demand in general was lifted by the reappearance of an oil major in the market retiring a large volume of credits.

Icelandic singer condemns ‘terrible suffering’ of salmon farming with proceeds from her new single with Rosalía going to activists

The Icelandic singer Björk has condemned industrial salmon farming in open pens as “extraordinarily cruel”, as she announced her debut song with the Catalan singer Rosalía, which will be available on Tuesday 21 November.

The pair will donate the proceeds of the single, a love song based on a recently recovered recording Björk made two decades ago, to activists opposing the controversial industry in Iceland.

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Join our growing Corporate Communications team as we expand into new markets and launch innovative products. We're hiring a Communications Manager to support the Head of Corporate Communications, with a focus on our carbon market and technical solution activities. The position involves coordinating global and local communications, and playing a pivotal role in shaping and executing our communication strategy.

Buyers scooped up all the carbon permits on offer in the first of two Swiss ETS auctions for 2023-vintage units.

The second round of EU auctions to support home-grown green hydrogen capacity buildout will take place in spring 2024, European Commission President Ursula von der Leyen announced on Monday.

Data shows baby boomers have highest emissions and London has lower footprint than rest of UK

• The great carbon divide: charting a climate chasm

Restaurants, pets and foreign holidays are among the reasons why the UK’s most well-off people rack up carbon footprints far greater than those on low incomes, according to data shared with the Guardian.

The biggest carbon divide is in aviation, with the richest 10% in the UK – the 6.7 million people paid more than £59,000 a year – causing more than six times more climate-heating emissions from flights than the poorest 10%. Spending on electrical items, homeware and furniture also contributes to the outsize impact of the wealthy, who splash out four times more on these goods.

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Carbon emissions of richest 10% is up to 40 times bigger than poorest, and ignoring divide may make ending climate crisis impossible, experts say

• The great carbon divide: charting a climate chasm

The richest 10% of people in many countries cause up to 40 times more climate-heating carbon emissions than the poorest 10% of their fellow citizens, according to data obtained by the Guardian.

Failing to account for this huge divide when making policies to cut emissions can cause a backlash over the affordability of climate action, experts say.

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