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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-07-23 21:21
European carbon prices were modestly firmer on Tuesday morning as traders looked ahead to a pause in the auction programme on Wednesday, while analysts pointed to a technical rally after Monday's 2.4% drop.
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UN taskforce set to oppose VCM credits, urging companies to cut their own emissions -report

Carbon Pulse - Tue, 2024-07-23 20:58
A UN taskforce is reportedly set to oppose the use of voluntary market credits to offset emissions, arguing that companies should invest in reducing their own emissions rather than relying on trading.
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Brazilian standard edges closer to issuing first biodiversity credits

Carbon Pulse - Tue, 2024-07-23 20:41
A Brazilian standard is set to issue its first biodiversity credits generated through two separate conservation and restoration projects in the Pantanal and the Atlantic Forest biomes, Carbon Pulse has learned.
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Environmental markets consultancy announces partnership with soil carbon removals specialist

Carbon Pulse - Tue, 2024-07-23 20:34
A British environmental markets consultancy is partnering with a Danish company specialising in regenerative agriculture and soil carbon certification, they announced on Tuesday.
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Giraffe relocation in Kenya – in pictures

The Guardian - Tue, 2024-07-23 20:28

In western Kenya, wild giraffes are being relocated to the Ruko Conservancy to maintain peace between the Pokot and Ilchamus communities. Since the first giraffe’s arrival to the reserve in 2011, poaching has ceased, and community relations have improved, creating jobs and regional stability. Before a giraffe’s arrival, an intercommunal welcoming ceremony with dancing and singing is held for them, an inconceivable scene in the mid-2000s

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PFAS widely added to US pesticides despite EPA denial, study finds

The Guardian - Tue, 2024-07-23 20:00

Research shows ‘forever chemicals’ increasingly found in products as agency claims the chemicals aren’t being used

Toxic PFAS “forever chemicals” are widely added to pesticides, and are increasingly used in the products in recent years, new research finds, a practice that creates a health threat by spreading the dangerous compounds directly into the US’s food and water supply.

The analysis of active and inert ingredients that the Environmental Protection Agency (EPA) has approved for use in pesticides proves recent agency claims that the chemicals aren’t used in pesticides are false.

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China advised to seek bilateral crediting model with Belt & Road Initiative countries

Carbon Pulse - Tue, 2024-07-23 19:44
China should consider creating a bilateral model with countries under the Belt and Road Initiative (BRI) to help drive down emissions through an international cooperation approach proposed by the Paris Agreement, a report has suggested.
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Australia spends on new tech to reduce ‘hard-to-abate’ emissions, cement the winner

Carbon Pulse - Tue, 2024-07-23 19:30
Australia on Tuesday announced A$65 million ($43 mln) in new spending on seven projects to support smaller, more nascent carbon capture, storage, and utilisation projects across the nation, with a focus on technologies to reduce emissions from the cement manufacturing process.
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British retail giant invests £1.5 bln in sustainable beef production

Carbon Pulse - Tue, 2024-07-23 18:29
A UK retailer has announced a £1.5 billion investment in its beef supply chain over the next five years to reduce the carbon footprint of its products.
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UK may need new gas-fired power stations to decarbonise grid

The Guardian - Tue, 2024-07-23 14:00

Report says new nuclear capacity will not be ready in time to provide required increase in baseload electricity

Labour is likely to have to approve new gas-fired power stations in its attempt to decarbonise the UK’s electricity systems by 2030, in what would be a tricky decision for the new government.

Keeping the lights on for the rest of the decade, and beyond, will require some additional baseload power, and new nuclear power stations will not be built in time, according to a report from the National Engineering Policy Centre.

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VCMI to consult on Scope 3 claims

Carbon Pulse - Tue, 2024-07-23 13:01
The Voluntary Carbon Markets Integrity Initiative (VCMI) will launch a broad public consultation round to further develop its Scope 3 Claim mechanism, the group announced Tuesday.
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Lethal bird flu could decimate Oceania’s birds. From vigilance to vaccines, here’s what we’re doing to prepare

The Conversation - Tue, 2024-07-23 12:40
The lethal strain of highly pathogenic bird flu is everywhere – except Australia, New Zealand and the Pacific Islands. Here’s how we’re planning for its arrival Tiggy Grillo, COO, Wildlife Health Australia; Adjunct Lecturer, Charles Sturt University Simone Vitali, Wildlife Health Australia Program Manager (Emergencies); Adjunct Senior Lecturer, Murdoch University Licensed as Creative Commons – attribution, no derivatives.
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RGGI Market: RGAs break record on continued compliance demand

Carbon Pulse - Tue, 2024-07-23 10:00
RGGI Allowances (RGAs) broke their all-time high settlement twice over the past week but on light volumes, with traders largely attributing market strength to ongoing compliance demand.
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California diesel, gasoline consumption in April drops as retail prices soar

Carbon Pulse - Tue, 2024-07-23 09:55
California diesel sales in April fell below last year’s levels for the first time in 2024, while gasoline monthly consumption continued to remain below 2023 usage into the start of the second quarter, state data published this week showed.
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Canadian offset developer writes off investments as losses mount in delayed filings

Carbon Pulse - Tue, 2024-07-23 09:40
A Canadian offset project developer will require additional fundraising to fulfil its streaming contracts, it said last week, as its delayed annual financial statements revealed a $250,000 investment write-off.
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