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Dutch asset manager raises €12 mln to launch biodiversity fund

Carbon Pulse - Tue, 2024-06-04 21:39
A Dutch investment manager has launched a fund seeking to finance innovative solutions to tackle the biodiversity crisis, with seed capital of €12 million, Carbon Pulse has learned.
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Governments must leverage private sector’s interest in nature to take action on biodiversity, study says

Carbon Pulse - Tue, 2024-06-04 21:38
Government-led mandatory schemes and voluntary market-based instruments must be combined to effectively protect biodiversity, a study published Tuesday said, calling on countries to harness the private sector's growing interest in engaging on nature positive.
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UK clean energy investments rise, but private finance worldwide still lags -report

Carbon Pulse - Tue, 2024-06-04 21:28
UK financial institutions nearly tripled their investment in clean energy project between 2022 and 2023 to $2.3 billion, although gaps in commitments and transparency persist, according to a report published this week.
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Voluntary market needs paradigm shift, must embrace carbon finance for transition, says ex-Verra boss

Carbon Pulse - Tue, 2024-06-04 21:24
Voluntary carbon markets require a paradigm shift that moves beyond treating a tonne of carbon as an ultimate end and must embrace finance for adopting a transitional approach, the ex-CEO of Verra said in a report published Tuesday.
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Malawi finance ministry says time is now for carbon market investment -media

Carbon Pulse - Tue, 2024-06-04 21:05
Malawi's finance ministry has said that the country is ready to ramp up investment in carbon markets days after finalising key legislation, according to local media reports.
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Badger culls to continue in England despite lack of scientific evidence

The Guardian - Tue, 2024-06-04 21:00

Exclusive: Defra issues new cull licences despite government adviser saying there is ‘no justification’

Badger cull licences have been issued by the government despite its own scientific adviser saying there is “no justification” for doing so.

Leaked documents seen by the Guardian show the Department for Environment, Food and Rural Affairs this month issued 17 new licences to continue culling badgers, overruling Dr Peter Brotherton, the director of science at Natural England, the government’s adviser for the natural environment in England.

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Report calls for more Indigenous blue carbon opportunities in Australia

Carbon Pulse - Tue, 2024-06-04 17:56
Analysis released this week has found Australian Indigenous peoples hold legal right or consent to develop carbon projects along 66% of Australia’s coastline, but are unable to do so due to a lack of applicable methods.
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China's far-side Moon mission begins journey back

BBC - Tue, 2024-06-04 17:13
Chang'e-6 will bring home rock samples that could help scientists study how planets are formed.
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NZ Market: NZU price rises 10% as speculator-driven bounce continues

Carbon Pulse - Tue, 2024-06-04 16:14
New Zealand carbon allowances climbed 10% in Tuesday trade amid continued speculator demand and as the market digests what little there was for it in last week's budget.
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Australia explores Guarantee of Origin scheme to encourage green metals development

Carbon Pulse - Tue, 2024-06-04 16:07
The Australian government is looking at its Guarantee of Origin scheme (GO) as a potential demand-side driver of green metals development in the country alongside a raft of other measures, according to a consultation paper released Tuesday.
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World will miss target of tripling renewable electricity generation by 2030 – IEA

The Guardian - Tue, 2024-06-04 15:00

Analysis of policies of nearly 150 countries shows shortfall to hit target viewed as vital for transition from fossil fuels

The world is off track to meet the goal of tripling renewable electricity generation by 2030, a target viewed as vital to enable a swift global transition away from fossil fuels, but there are promising signs that the pace of progress may be picking up.

Countries agreed last December on a tripling of renewable power by the end of this decade. But few have yet taken concrete steps to meet this requirement and on current policies and trends global renewable generation capacity would only roughly double in developed countries, and slightly more than double globally by 2030, according to an analysis by the International Energy Agency.

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Only three water company prosecutions in England and Wales for unfit drinking supply

The Guardian - Tue, 2024-06-04 15:00

Figures show breaches have rarely led to prosecution by Drinking Water Inspectorate since 2021

The drinking water regulator for England and Wales has brought only three prosecutions against water companies for providing poor quality water since 2021, despite 362 instances in which water was flagged as being unfit for human consumption.

Periodically, members of the public or companies have informed the Drinking Water Inspectorate about water that has not been not safe for human consumption. In those instances, the DWI can issue legal instruments that require companies to put in place a package of measures.

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Rio Tinto debuts novel, clean steelmaking process

Carbon Pulse - Tue, 2024-06-04 14:49
Australian mining giant Rio Tinto announced Tuesday it will spend $143 million on an R&D facility to assess the effectiveness of its novel low-carbon ironmaking process, dubbed BioIron, that it says could cut up to 95% of the emissions associated with steelmaking.
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China's far-side Moon mission begins journey back

BBC - Tue, 2024-06-04 14:29
The collecting module is coming back with the first samples ever taken from that side of the moon.
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