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World Bank announces $700 mln loan for Egypt to develop domestic carbon market, green transition

Carbon Pulse - Thu, 2024-06-27 11:31
The World Bank will award $700 million in loans for Egypt to support a greener growth trajectory, including the establishment of a voluntary carbon market (VCM) regulatory framework, according to a release Monday.
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EU energy firms continued to dominate list of top ETS emitters last year, report shows

Carbon Pulse - Thu, 2024-06-27 11:15
European energy firms dominated the list of top emitters under the EU ETS last year, with Polish utility PGE leading the charge, according to a report released Wednesday.
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Republicans file brief supporting appeals against SEC climate disclosure rules

Carbon Pulse - Thu, 2024-06-27 11:13
A group of Republicans in the US House and Senate filed an amicus brief in a federal appeals court siding with litigation against the Securities and Exchange Commission’s (SEC) contested climate regulation.
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European DAC startup founded by ex-Tesla engineer raises €6 mln from investors

Carbon Pulse - Thu, 2024-06-27 11:00
A European direct air capture startup founded by a former Tesla engineer has raised €6 million in a seed funding round.
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New Zealand govt appoints methane science and targets review panel

Carbon Pulse - Thu, 2024-06-27 10:39
The New Zealand government has appointed an independent review panel on the country’s methane science and targets, alongside its terms of reference, it announced Thursday.
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Achieving net zero with renewables or nuclear means rebuilding the hollowed-out public service after decades of cuts

The Conversation - Thu, 2024-06-27 10:35
Public ownership is back in vogue, after the Coalition promised publicly owned nuclear plants in a decade. The problem is, the public service has been hollowed out. John Quiggin, Professor, School of Economics, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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ARB issues lowest California offsets YTD, 2024 pace lags 2023

Carbon Pulse - Thu, 2024-06-27 10:25
California regulator the ARB issued its lowest number of offsets since the winter holidays in its most recent two-week issuance period, with the year-to-date pace now lagging behind 2023 numbers, agency data released Wednesday showed.
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Alberta TIER credit retirements could reach 10 mln this year, says research firm

Carbon Pulse - Thu, 2024-06-27 09:46
Credit retirements under the Alberta Technology Innovation and Emissions Reduction (TIER) programme may reach 10 million tonnes this year, matching offsets and Alberta Emissions Performance Credits (EPCs) generation, a research firm said Wednesday.
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Canada announces first two-way carbon contract for difference

Carbon Pulse - Thu, 2024-06-27 09:22
Canada’s C$15 billion ($10.9 bln) public investment vehicle has signed a carbon contract for difference (CCfD) with a municipal energy company at an initial strike price per tonne of CO2 for a 10-year term.
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Swiss agency aims for three project types under Article 6 in Chile

Carbon Pulse - Thu, 2024-06-27 09:12
The Swiss industry agency arranging many Article 6 deals on the country’s behalf is aiming to support three kinds of mitigation projects in Chile, Carbon Pulse heard on the sidelines of a summit in Colombia on Tuesday.
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Climate litigation on the rise as filings increasingly target corporates

Carbon Pulse - Thu, 2024-06-27 09:01
Climate litigation is on the rise, according to analysis published Thursday, with filed cases focused increasingly on corporate greenwashing rather than governments, and a growing share involving the use of voluntary carbon credits.
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Flood of J-REDD carbon credits set to hit market with buyers ready to pay high price -report

Carbon Pulse - Thu, 2024-06-27 08:30
A huge number of national and state-level jurisdictional REDD (J-REDD) carbon credits are set to burst onto the market, with buyers willing to pay a hefty premium above the private avoided deforestation sector, finds a new report.
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New York awards $21.5 mln for nature-based climate solutions

Carbon Pulse - Thu, 2024-06-27 08:25
New York Governor Kathy Hochul (D) announced Wednesday that $8.5 million had been awarded to winners of the first round of the Natural Carbon Solutions Innovation Challenge, and that $13 mln was available for projects in the second round.
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General Motors names new CEO of troubled self-driving subsidiary Cruise

The Guardian - Thu, 2024-06-27 07:23

Robotaxi service recovering from gruesome collision with pedestrian that triggered suspension of California license

General Motors on Tuesday named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California license and the removal of all its robotaxis from the state’s roads.

Marc Whitten, one of the key engineers behind the Xbox video game console, will take over as Cruise’s chief executive nearly nine months after one of the service’s robotaxis dragged a jaywalking pedestrian – who had just been struck by a vehicle driven by a human – across a darkened street in San Francisco before coming to a stop.

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Devastating coral bleaching will be more common, start earlier and last longer unless we cut emissions

The Conversation - Thu, 2024-06-27 06:11
Increasing coral bleaching will be worst for the most biodiverse reefs along the equator, impacting the livelihoods and nutrition of the people who depend on them. Camille Mellin, Senior Lecturer and ARC Future Fellow, School of Biological Sciences, University of Adelaide Damien Fordham, Associate Professor of Global Change Ecology, University of Adelaide Licensed as Creative Commons – attribution, no derivatives.
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