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Chile to experience severe supply crunch of tax-eligible carbon offsets in 2024

Carbon Pulse - Thu, 2024-07-18 01:38
The South American country, which as of 2023 accepts select carbon credits in lieu of payment of its $5 per tonne tax, will see minimal supply emerge in 2024 despite hopes that the mechanism would take off once liable entities had sufficient time to source offsets.
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Shareholders in UK forest carbon fund accept acquisition bid

Carbon Pulse - Thu, 2024-07-18 01:29
The shareholders of a UK forest carbon fund have voted to accept a bid from an investment vehicle, owned by an existing shareholder, to acquire the firm, according to public documents.
Categories: Around The Web

Azerbaijan hopes to broker new finance goal and end Article 6 stalemate at COP29

Carbon Pulse - Thu, 2024-07-18 01:23
Azerbaijan's COP29 presidency is bringing together top negotiators next week to advance complicated talks on two of Baku's priorities for the summit - agreement on a new global climate finance goal, and finalisation of the Paris Agreement's rules for international carbon markets, it announced on Wednesday.
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Multinational brewery chain withdraws climate claim, exits voluntary carbon market

Carbon Pulse - Thu, 2024-07-18 00:59
A multinational brewery and pub chain has decided to withdraw its carbon negative claim and stop purchasing voluntary carbon credits to focus on reducing emissions instead.
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Carbon pricing can play ‘pivotal’ role in Western Balkans energy transition, says World Bank

Carbon Pulse - Thu, 2024-07-18 00:58
Carbon pricing mechanisms can play a pivotal role in transitioning the economies of the Western Balkans by incentivising clean energy investments, limiting their exposure to the EU's carbon tariff, while raising revenue that can be used to support vulnerable communities, the World Bank said in a report published Wednesday.
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North Atlantic right whale seen off Ireland for first time in 114 years

The Guardian - Thu, 2024-07-18 00:30

There are fewer than 400 of critically endangered species left and sighting gives ‘glimmer of hope’

A critically endangered North Atlantic right whale has been spotted off the coast of Ireland for the first time in more than a century.

Holidaymaker Adrian Maguire, from County Tyrone in Northern Ireland, glimpsed the large, dark body of the whale on the surface of the water while out fishing for mackerel.

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Labour’s state-owned Great British Energy welcomed as first step to unlocking clean investment

Carbon Pulse - Thu, 2024-07-18 00:04
The new UK government's plans to spur clean energy and infrastructure investment, including with the creation of a public company, were widely welcomed after they were confirmed in the King's Speech on Wednesday - although many cautioned that more is needed to tackle climate change.
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UN-backed consortium opens call for technical support on new clean cooking carbon methodology

Carbon Pulse - Wed, 2024-07-17 23:10
The Clean Cooking & Climate Consortium (4C), led by the Clean Cooking Alliance (CCA), is seeking technical help for its new methodology for crediting emissions reductions from clean cooking projects as part of a UN-backed initiative.
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Australia’s Fortescue abandons hydrogen target, pivots to clean electricity

Carbon Pulse - Wed, 2024-07-17 22:52
One of Australia’s most ambitious hydrogen developers has all but abandoned its plans for the green fuel, it said Wednesday, which the firm had once suggested could rival the scale of Saudi Aramco’s oil output.
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African bank stress test shows high exposure to nature-related risks

Carbon Pulse - Wed, 2024-07-17 22:37
African banks could face a 21% increase in credit losses by 2050 unless companies in highly-exposed sectors, including agriculture and mining, urgently address their risks and dependencies on nature and shift to more sustainable practices, a report has said.
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WWF asks International Court of Justice to establish biodiversity duty

Carbon Pulse - Wed, 2024-07-17 21:46
WWF has called on the UN’s International Court of Justice (ICJ) to establish a duty for countries to stop harming biodiversity as part of their obligations to address the climate crisis.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-07-17 21:11
European carbon prices were modestly weaker at midday on Wednesday as a downward trend established from the opening was briefly interrupted by bullish gas news that was later proved to be incorrect, while weekly positions data from the futures exchanges showed a modest increase in speculators' bearish bets.
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UK first European country to approve lab-grown meat, starting with pet food

The Guardian - Wed, 2024-07-17 20:35

Regulators approve Meatly pet product, cultivated chicken made from growing cells

Lab-grown pet food is to hit UK shelves as Britain becomes the first country in Europe to approve cultivated meat.

The Animal and Plant Health Agency and the Department for Environment, Food and Rural Affairs have approved the product from the company Meatly.

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US firm secures millions to fund off-grid solar in Africa

Carbon Pulse - Wed, 2024-07-17 20:16
A US off-grid solar company has secured financial backing to expand product sales worth up to $176 million in Kenya, Tanzania and Uganda.
Categories: Around The Web

Brazilian state to establish country’s first subnational biodiversity credit scheme

Carbon Pulse - Wed, 2024-07-17 20:13
A Brazilian state government has announced the upcoming implementation of a legal regulation to offset corporate impacts on nature, making it the first state in the country to establish a biodiversity crediting scheme.
Categories: Around The Web

INTERVIEW: Global water company seeks to offset CO2 from freshwater production

Carbon Pulse - Wed, 2024-07-17 19:39
A global water company is working with a carbon removal startup to marry the worlds of carbon removal and water purification, delivering attractive cost savings and carbon removal credits in the process.
Categories: Around The Web

Xpansiv to launch trading of registry-specific contracts aligned with ICVCM’s CCPs

Carbon Pulse - Wed, 2024-07-17 18:38
Xpansiv’s CBL spot exchange will launch its first batch of standardised registry-specific contracts aligned with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP) on July 23, it announced Wednesday.
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Record rainfall hits parts of Toronto – video

The Guardian - Wed, 2024-07-17 18:38

Footage shows severe flooding across Toronto after the Canadian city was hit by three big storms in recent days. The Canadian rapper Drake shared a video on Instagram appearing to show parts of his home submerged in flood water. Authorities say the storm left 167,000 people without power and several flights were delayed or cancelled. At least 14 people were rescued

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Australia’s New South Wales announces overhaul to state’s biodiversity offsetting scheme

Carbon Pulse - Wed, 2024-07-17 18:36
The New South Wales government has announced major reforms to its biodiversity conservation laws in response to the recent Henry review, including reforming the state’s nature offsets scheme.
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