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WCI Markets: Traders temper expectations for California ETS workshop, WCA activity up a notch

Carbon Pulse - Fri, 2024-05-31 11:39
California Carbon Allowance (CCA) prices gradually edged higher through a busy week of both Q2 WCI auction results and a cap-and-trade workshop, while Washington Carbon Allowance (WCA) prices also increased with a pick up in weekly transacted volumes.
Categories: Around The Web

Dinosaur hunter stumbles across million-dollar find

BBC - Fri, 2024-05-31 10:06
This extraordinary discovery was made by chance, during one man’s birthday stroll on the mountains of Colorado.
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Limited emissions mitigation in emerging economies from climate-oriented trade policies -paper

Carbon Pulse - Fri, 2024-05-31 09:15
Carbon border adjustment mechanisms (CBAMs) offer little in the way of reducing emissions in developing countries, and even alongside carbon taxes won't be enough for those countries to reach net zero, according to a working paper published earlier this month.
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Earliest and most distant galaxy ever observed

BBC - Fri, 2024-05-31 09:07
The James Webb Space Telescope smashes its own record for detecting the most distant known galaxy.
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Earliest and most distant galaxy ever observed

BBC - Fri, 2024-05-31 09:07
The James Webb Space Telescope smashes its own record for detecting the most distant known galaxy.
Categories: Around The Web

War of words erupts as Verra pledges to prevent Kariba REDD project developer from making “clean getaway”

Carbon Pulse - Fri, 2024-05-31 08:26
A public spat has flared up over the Kariba REDD+ project in Zimbabwe, with standards body Verra warning that it will not let the developer, a "self-professed bad actor, ... to make a clean getaway, leaving others holding the bag".
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INTERVIEW: European biomethane removals poised to scale but need coordinated regulation

Carbon Pulse - Fri, 2024-05-31 06:53
Biomethane with carbon capture, a kind of carbon removal, is poised to scale in Europe and will benefit from pro-CCS policies, but overlapping regulations at the EU and national level must coordinate to make these opportunities accessible, a German advisory firm told Carbon Pulse.
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Jane Goodall inspires generations of conservationists – we need her education program in schools

The Conversation - Fri, 2024-05-31 05:59
For more than three decades, Jane Goodall has inspired generations of conservationists through her youth-led action program Roots & Shoots. Now it’s time to take this approach into schools. Mahima Kalla, Digital Health Transformation Research Fellow, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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WCI Q2 auction clears well below secondary market, trader expectations

Carbon Pulse - Fri, 2024-05-31 05:33
The delayed Q2 California-Quebec current vintage carbon auction settled at a discount to secondary market prices and well below trader expectations.
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EU energy ministers lay the way forward for the Green Deal

Carbon Pulse - Fri, 2024-05-31 04:57
Energy ministers from the EU's 27 countries believe that work has just begun on making the Green Deal a reality, with the next five years crucial to the implementation of climate and environmental policies across the bloc.
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No new fossil projects needed to satisfy energy demand from now to 2050, researchers say

Carbon Pulse - Fri, 2024-05-31 04:00
Existing fossil fuel projects are enough to meet global energy demands in a global transition to net zero, researchers at UCL and the International Institute for Sustainable Development (IISD) have found.  
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No need for countries to issue new oil, gas or coal licences, study finds

The Guardian - Fri, 2024-05-31 04:00

Researchers say world has enough fossil fuel projects planned to meet demand forecasts to 2050 if net zero is reached

The world has enough fossil fuel projects planned to meet global energy demand forecasts to 2050 and governments should stop issuing new oil, gas and coal licences, according to a large study aimed at political leaders.

If governments deliver the changes promised in order to keep the world from breaching its climate targets no new fossil fuel projects will be needed, researchers at University College London and the International Institute for Sustainable Development (IISD) said on Thursday.

Continue reading...
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FEATURE: Article 6 additionality criteria for renewables should be determined case-by-case, say market rule-makers

Carbon Pulse - Fri, 2024-05-31 02:29
Article 6 negotiators and voluntary carbon market (VCM) standards could justifiably exclude some renewable energy projects out of hand due to additionality hazards, but others require careful case-by-case consideration, say watchdogs and stakeholders who spoke to Carbon Pulse.
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Verra extends suspension of Rimba Raya voluntary carbon project from its registry

Carbon Pulse - Fri, 2024-05-31 02:25
Verra has extended the suspension of Rimba Raya’s registry account amid continuing uncertainty about the future of the voluntary carbon REDD project in Indonesia, it told Carbon Pulse Thursday.
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EU ETS prices closely related to policy credibility, study finds

Carbon Pulse - Fri, 2024-05-31 02:02
Policy credibility is crucial for carbon prices in the EU Emissions Trading System to be high enough to efficiently incentivise emission reductions in the long term, according to a study published in Nature Energy.
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