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Puro certifies first direct air capture carbon removals

Carbon Pulse - Thu, 2024-05-23 20:55
Puro.earth has certified its first direct air capture (DAC) carbon removals, according to a release Thursday.
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EU carbon removals framework to shift financing away from developing countries, expert says

Carbon Pulse - Thu, 2024-05-23 20:32
The EU's carbon removal framework could lead climate finance to be shifted away from least-developed countries, a conference heard.
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Space telescope reveals new images of the Universe

BBC - Thu, 2024-05-23 20:27
The Euclid telescope mission, backed by Durham University scientists, releases dark Universe images.
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UK disaster response needs 'urgent' £100m upgrade

BBC - Thu, 2024-05-23 20:23
Fire chiefs say specialist service equipment used in natural disasters and terror attacks needs to be replaced.
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‘We may not call it green’: Next EU political cycle to focus on investment, says top official

Carbon Pulse - Thu, 2024-05-23 20:19
The next European Commission that will be appointed after the June EU election is unlikely to radically change course on climate policy, but rather shift its focus to industrial policy and investment to achieve the bloc’s climate goals, a top EU official has said.
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Countries have duty to protect the oceans from climate change impact, international maritime court says

Carbon Pulse - Thu, 2024-05-23 20:08
The International Tribunal for the Law of the Sea (ITLOS) has declared that signatory states of the UN Convention on the Law of the Sea (UNCLOS) have an obligation to protect the ocean from the impacts of climate change, with small island countries hailing the decision as a victory.
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‘I pray to you not to shoot us’: Mali’s Fulani herders languish in camps after violence – in pictures

The Guardian - Thu, 2024-05-23 20:00

After old rivalries between Dogon farmers and Fulani herders erupted into violence, exacerbated by Islamist rebels, thousands of the semi-nomadic pastoralists have fled to camps in towns, leaving their cherished animals and way of life. Many must beg to survive at sites lacking food and clean water, with no end in sight to the conflict

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Indian market regulator opens for use of controversial green credits to earn ESG “leadership” status

Carbon Pulse - Thu, 2024-05-23 19:16
India’s securities and commodities market regulator has proposed changes to the country’s Business Responsibility and Sustainability Reporting (BRSR) framework, opening for companies to earn “leadership” status by listing green credits they or their value chain partners have generated through tree-planting and other environmentally beneficial activities.
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Australian states work on carbon markets informs Commonwealth innovation, conference hears

Carbon Pulse - Thu, 2024-05-23 18:43
Australia’s states can work with the federal government to scale up the nation’s carbon market, a conference heard this week, although an industry roadmap would help guide its development.
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Shanghai to auction off 1 mln CO2 permits under local ETS

Carbon Pulse - Thu, 2024-05-23 18:19
The Shanghai municipal government is set to auction off 1 million CO2 allowances for its municipal emissions trading scheme at the end of May, with the price floor set near current market levels.
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Report warns of “influx” of low-quality biochar carbon removal credits

Carbon Pulse - Thu, 2024-05-23 18:00
Research from a carbon removal marketplace has raised concern that a large share of the expected future supply from the sector may be of a low quality, brought on by a rush to develop projects due to a recent surge in demand for credits.
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AU Market: Sophisticated financial instruments gaining traction in ACCU market, but future exchange will drive scale, traders say

Carbon Pulse - Thu, 2024-05-23 16:24
Swaps and options transactions in the Australian carbon market are becoming more common place thanks to the variety of reasons entities were venturing into the market, traders told a conference this week, but scale will also be needed to meet the coming demand from the Safeguard Mechanism. 
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CBAM risks hampering power decarbonisation in UK and Balkan countries, energy traders say

Carbon Pulse - Thu, 2024-05-23 15:52
The design of the EU’s Carbon Border Adjustment Mechanism (CBAM) risks creating a counter-productive impact on EU electricity decarbonisation, a key policy official at Europe’s energy traders association told a conference on Wednesday.
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Critical minerals for the world – or just for the US? Turning Australia into a green minerals powerhouse comes with risks

The Conversation - Thu, 2024-05-23 15:16
Critical minerals are well named. They’re critical to the green transition – and sought by the US and China. Who will Australia sell to? Marina Yue Zhang, Associate Professor, University of Technology Sydney David Gann, Pro-Vice-Chancellor, Development and External Affairs, and Professor of Innovation and Entrepreneurship, Saïd Business School, University of Oxford Mark Dodgson, Visiting Professor, Imperial College Business School, and Emeritus Professor, School of Business, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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Corporate welfare may keep the lights on. But backing Eraring power station will have other costs for the NSW government | Peter Hannam

The Guardian - Thu, 2024-05-23 15:12

Propping up Australia’s largest coal-fired power station could deter investments in renewable energy or batteries. And might other operators now coming begging?

The New South Wales government has bought itself an insurance policy worth as much as $450m to keep open a power station it couldn’t afford to have exit the grid.

But operating the 2880-megawatt Eraring plant up to four years beyond its scheduled August 2025 closure date will cost more than just the price of corporate welfare – there’s also the environmental and economic impacts to quantify.

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Half of world’s mangrove forests are at risk due to human behaviour – study

The Guardian - Thu, 2024-05-23 14:00

The loss of the ecosystems, which are vast stores of carbon, would ‘be disastrous for nature and people across the globe’, says IUCN

Half of all the world’s mangrove forests are at risk of collapse, according to the first-ever expert assessment of these crucial ecosystems and carbon stores.

Human behaviour is the primary cause of their decline, according to the analysis by the International Union for Conservation of Nature (IUCN), with mangroves in southern India, Sri Lanka and the Maldives most at risk.

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