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Xpansiv introduces tradable certificate for voluntary LCFS programme

Carbon Pulse - Wed, 2023-06-07 07:24
ESG marketplace Xpansiv on Tuesday launched a renewable fuel certificate that ethanol producers can generate under a new voluntary low-carbon fuel standard (LCFS) programme modelled after California’s scheme.
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Carbon mineralisation firm attracts $3.3 mln for pilot injection site

Carbon Pulse - Wed, 2023-06-07 07:19
A New York-based startup has netted $3.3 mln to demonstrate the company’s carbon mineralisation technology in Africa, having already pre-sold credits to a removals buyers’ club.
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PREVIEW: Traders express broad consensus for RGGI Q2 auction to clear above $13 with pick-up in speculative interest

Carbon Pulse - Wed, 2023-06-07 07:09
RGGI market participants consistently agreed that the June auction will clear above $13 despite a pre-auction slide in allowance values in the secondary market, given the narrow range that prices had moved through since the March sale and a build-up of supportive speculative interest.
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'I can’t get it out of my mind': new research reveals the suffering of people whose dogs died after eating 1080 poison baits

The Conversation - Wed, 2023-06-07 06:13
Before their dog was poisoned, these families recognised Australia’s lethal ‘pest’ animal control methods were necessary. But afterwards, they saw 1080 baiting as inhumane and horrific. Here’s why. Adam Cardilini, Lecturer, Environmental Science, School of Life and Environmental Science, Faculty of Science, Engineering and Built Environment, Deakin University Alexa Hayley, Lecturer in Psychology, Deakin University Bill Borrie, Associate Professor, Environmental Management and Sustainability, Deakin University Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

FEATURE: The EU’s global search for critical minerals could start close to home

Carbon Pulse - Wed, 2023-06-07 04:35
The EU has been touting South America as a solution to its lithium supply problem, despite the presence of a mine on its doorstep that could supply up to 90% of its needs for the raw material deemed essential for the energy transition while also spurring changes to the bloc's climate policy outreach.
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BeZero expands into primary VCM by rating carbon credits before they are issued

Carbon Pulse - Wed, 2023-06-07 03:54
Carbon credit rating service BeZero is introducing scores for yet-to-be-issued units in an effort to cater for companies looking to manage risk in the primary voluntary carbon market (VCM).
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The Guardian view on Labour’s green prosperity plan: the right strategy for Britain | Editorial

The Guardian - Wed, 2023-06-07 03:48

The country desperately needs a government prepared to invest big, to catch up with new economic times

Placing a speculative price tag on Labour party spending plans is, of course, a time-honoured pre-election manoeuvre by Conservative governments. In January 1992, as John Major seeded the ground for what turned out to be a fourth successive Tory victory later that year, voters were warned of a “tax bombshell” costing the average taxpayer £1,000. The calculations were spurious but politically damaging.

A year or so away from the next election, the front-page headline in one newspaper on Tuesday read: “Families face £1,000 a year bill for Labour eco plans”. Ministers are warning that the cost of the green strategy outlined by the shadow chancellor, Rachel Reeves, would spook markets and drive up mortgage rates.

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CDR accelerator selects 20 more startups to join programme

Carbon Pulse - Wed, 2023-06-07 02:51
A startup accelerator for innovative carbon dioxide removal (CDR) technologies has announced its fourth cohort, shortlisting 20 firms to join the programme.
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New partnership plans to accelerate soil carbon activity in European farming

Carbon Pulse - Wed, 2023-06-07 02:49
A startup investment company and a specialist analysis firm have teamed up to launch a huge soil carbon project in Lithuania that plans to test new stratification methods and measure thousands of hectares of land to accelerate activity across Europe.
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Swiss bank’s AM arm, system change experts launch a sustainable investment platform

Carbon Pulse - Wed, 2023-06-07 02:26
The asset management arm of a Swiss bank has partnered with system transformation analysis firm to launch a dedicated sustainable investment platform.
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Carbon capture and storage is ‘no free lunch’, warns climate chief

The Guardian - Wed, 2023-06-07 01:52

IPPC chair Hoesung Lee says over-reliance on the technology could mean the world misses 1.5C target

Over-reliance on carbon capture and storage technology could lead the world to surpass climate tipping points, the head of the world’s climate science authority has warned.

Hoesung Lee, chair of the Intergovernmental Panel on Climate Change, said using technologies that capture carbon dioxide or remove it from the atmosphere was “no free lunch” and that countries should be wary.

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First steps agreed on plastics treaty after breakthrough at Paris talks

The Guardian - Wed, 2023-06-07 01:07

Delegates from 180 nations set out pathway to binding global agreement on tackling plastic pollution as soon as 2025

Nation-state representatives have taken the first concrete step toward a legally binding treaty to regulate plastic, described as the most important green deal since the 2015 international climate agreement.

The banging of a recycled-plastic gavel, on Friday night at Unesco headquarters in Paris, signalled the end of a fraught process, marked by accusations of exclusion and industrial lobbying. Talks threatened to fall apart, but in the end delegates were able to broadly agree on key elements that the treaty should contain, laying the groundwork for the future agreement.

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Unesco praises Albanese government for efforts to protect Great Barrier Reef

The Guardian - Wed, 2023-06-07 01:00

Commitments to improve water quality and reduce stress from commercial fishing could mean the reef avoids going on world heritage danger list

The head of Unesco has praised the Albanese government for making new commitments to protect the Great Barrier Reef, signalling Australia could avoid seeing it being placed on a list of world heritage sites in danger.

Unesco’s director-general, Audrey Azoulay, was commenting on a letter from environment minister Tanya Plibersek that outlined new commitments to improve water quality and reduce the stress from commercial fishing over the reef.

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Too late now to save Arctic summer ice, climate scientists find

The Guardian - Wed, 2023-06-07 01:00

Ice-free summers inevitable even with sharp emissions cuts and likely to result in more extreme heatwaves and floods

It is now too late to save summer Arctic sea ice, research has shown, and scientists say preparations need to be made for the increased extreme weather across the northern hemisphere that is likely to occur as a result.

Analysis shows that even if greenhouse gas emissions are sharply reduced, the Arctic will be ice-free in September in coming decades. The study also shows that if emissions decline slowly or continue to rise, the first ice-free summer could be in the 2030s, a decade earlier than previous projections.

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Bio-oil project developer collects $100 mln to accelerate carbon removal deliveries

Carbon Pulse - Wed, 2023-06-07 00:02
A California-based startup on Tuesday announced a $100 mln fundraise that it will utilise to speed up deliveries of carbon removals from bio-oil sequestration.
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‘The change in pace is crazy’: AI boosts climate information translation drive

The Guardian - Tue, 2023-06-06 22:00

Google-designed tools help 9,000 young Climate Cardinals volunteers who translate reports into more than 100 languages

A network of young volunteers that translates climate information into dozens of languages is being boosted by new artificial intelligence tools designed by Google.

Since founding Climate Cardinals three years ago to improve global climate literacy, Sophia Kianni, 21, has built a network of 9,000 young volunteers around the world who translate reports and content into more than 100 languages, including Swahili, Hebrew, Urdu, Mandarin and Hindi.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-06-06 21:54
EUAs fell sharply on Tuesday morning as an unusually weak auction triggered a sell-off, encouraging some short term profit taking ahead of Wednesday's weekly Commitment of Traders report, while energy markets also gave up some of Monday's significant increases.
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Aiming for $100/t direct air capture credits “not a realistic goal”, says expert

Carbon Pulse - Tue, 2023-06-06 21:25
Targeting $100/tonne costs for direct air capture (DAC) by mid-century does not represent a realistic or credible goal, a senior carbon capture expert told a conference Tuesday, adding that it may be more valuable for developers to outline 2030 price and volume goals and then evaluate how best to proceed.
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Climate risks are making California uninsurable. When will we wake up? | Kate Aronoff

The Guardian - Tue, 2023-06-06 20:15

State Farm will almost entirely stop issuing new policies in California – with climate-exacerbated wildfires and bad public policy a large reason why

State Farm, the country’s largest property insurer, announced this week that it will almost entirely stop issuing new policies in California, the country’s largest property insurance market. The reasons for forgoing all that new business are entirely economic. The company cited “historic increases in construction costs outpacing inflation, rapidly growing catastrophe exposure, and a challenging reinsurance market”. Those things are owed largely to the wildfires engulfing bigger parts of the state in bigger chunks of the year.

California’s woes have a lot to do with the climate crisis, which fuels the hot, dry conditions that turn wooded hills into kindling. It’s also a political failure. Housing crises in the Golden State have pushed more and more people out of densely populated areas and into the so-called wildland-urban interface – places that are cheaper to live in, and more prone to burn. Wealthy homeowners in fire-prone enclaves are also reluctant to move, keen to keep rebuilding properties that keep getting destroyed.

Kate Aronoff is a staff writer at the New Republic and the author of Overheated: How Capitalism Broke the Planet – And How We Fight Back

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China may take further action against CBAM after upcoming WTO discussions -analysts

Carbon Pulse - Tue, 2023-06-06 20:02
China's next step against a planned carbon border tax may hinge on discussions under the World Trade Organization (WTO) scheduled for this month, where the EU will have to defend the measure's legality, according to analysts.
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