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CFTC data reveals largest RGGI drawdown for producers so far this year

Carbon Pulse - Sat, 2024-05-04 08:08
Compliance entities slashed RGGI Allowance (RGA) holdings and net length in California Carbon Allowances (CCA), while managed money built positions across longer-dated North American carbon market vintages, data from the US Commodity Futures Trading Commission (CFTC) on Friday showed.
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Voluntary credit retirements on track for record year despite wave of bad press

Carbon Pulse - Sat, 2024-05-04 07:36
Credit retirements from the four main standard bodies in the voluntary carbon market remain on track for a record year despite a wave of bad press around issuing projects, data from Carbon Pulse's VCM portal shows. 
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Gas stoves increase nitrogen dioxide exposure above WHO standards – study

The Guardian - Sat, 2024-05-04 04:13

Science Advances report also finds people of color and low-income residents in US disproportionately affected

Using a gas stove increases nitrogen dioxide exposure to levels that exceed public health recommendations, a new study shows. The report, published Friday in Science Advances, found that people of color and low-income residents in the US were disproportionately affected.

Indoor gas and propane appliances raise average concentrations of the harmful pollutant, also known as NO2, to 75% of the World Health Organization’s standard for indoor and outdoor exposure.

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Squirrels may have given medieval Britons leprosy

BBC - Sat, 2024-05-04 03:51
It’s the first time a medieval animal has been identified as a host for the disease.
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BRIEFING: Packed election year risks silencing discussions on climate, say former UN leaders

Carbon Pulse - Sat, 2024-05-04 03:30
Two former UN leaders highlighted the world risks losing sight of the urgency to tackle climate change over this packed election year, with conflicts and short-termism taking political priority, during an event in London today.
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New reforestation project in Sierra Leone under fire for allegedly abusing land owner rights

Carbon Pulse - Sat, 2024-05-04 02:40
A reforestation project in Sierra Leone has come under fire for allegedly abusing landowner rights before the project was registered with Verra, although the developers say correct procedures were followed.
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European coal output, imports slump amid drop in energy demand and shift to renewables

Carbon Pulse - Sat, 2024-05-04 01:16
European hard coal output dropped by 9% in 2023, while lignite production plunged 24% year-on-year as demand for fossil-fired energy tumbled, according to an annual report from Euracoal, the bloc’s coal association.
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POLL: MSR to remove smallest total to date in 2024-25 amid marginal decrease in surplus -analysts

Carbon Pulse - Sat, 2024-05-04 00:49
The annual reduction in EU carbon allowances for 2024-25 through the Market Stability Reserve will be the smallest yet, reflecting a slight decrease in the market's overall supply in 2023, according to a poll of analysts.
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US startup launches to scale fundings towards coastal NbS, biodiversity conservation

Carbon Pulse - Sat, 2024-05-04 00:23
A US-headquartered consultancy launched this week to bolster and expedite funding towards nature-based solutions (NbS) and blue carbon, planning to engage in the nascent biodiversity credit market.
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SBTi offset issue has negative legacy for biodiversity credits, lawyer says

Carbon Pulse - Fri, 2024-05-03 23:22
The carbon offset controversy at Science Based Targets initiative (SBTi) has detrimental consequences for the nascent voluntary biodiversity credit markets, which are paralysed by confusion, a legal expert has said.
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UK government loses second ruling over inadequate climate plan

Carbon Pulse - Fri, 2024-05-03 22:06
The UK government has lost a second case brought by environmental campaigners for not doing enough to meet its targets for cutting greenhouse gas emissions.
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FEATURE: Corporates seek customised projects to tackle their waste footprints

Carbon Pulse - Fri, 2024-05-03 21:52
Corporates are keen to support customised waste collection and recycling programmes that equate to their waste production footprint and potentially tie back to their own supply chain, with the plastic credit model not suited to all circumstances, say market stakeholders.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-05-03 21:36
European carbon prices consolidated the steep gains made over the course of the last five days, and were headed towards a 9% weekly increase as traders eyed a reduced auction programme next week, while gas prices struggled to keep pace with the continued strength in EUAs.
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Government defeated in High Court over climate plans

BBC - Fri, 2024-05-03 21:27
Activists argued that the plan for cutting emissions would not meet the UK's climate targets.
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Efforts to integrate biodiversity targets across sectors largely ineffective, study says

Carbon Pulse - Fri, 2024-05-03 20:50
Insufficient funding as well as vaguely formulated and conflicting targets have largely hampered the integration of biodiversity into decision-making across different sectors, a paper has said, calling for more consistent and coherent policies to be established.
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Britain’s climate action plan unlawful, high court rules

The Guardian - Fri, 2024-05-03 20:44

Environmental campaign groups took joint action against decision to approve carbon budget delivery plan

The UK government’s climate action plan is unlawful, the high court has ruled, as there is not enough evidence that there are sufficient policies in place to reduce greenhouse gas emissions.

The energy secretary, Claire Coutinho, will now be expected to draw up a revised plan within 12 months. This must ensure that the UK achieves its legally binding carbon budgets and its pledge to cut emissions by more than two-thirds by 2030, both of which the government is off track to meet.

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South Korea could reach industrial emissions targets with demand-side policy incentives -report

Carbon Pulse - Fri, 2024-05-03 20:00
South Korea could see its industrial emissions targets well on track if more policy incentives are provided to boost domestic demand for low carbon steel and cement products, according to researchers.
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Venomous snakes likely to migrate en masse amid global heating, says study

The Guardian - Fri, 2024-05-03 19:35

Researchers find many countries unprepared for influx of new species and will be vulnerable to bites

Climate breakdown is likely to lead to the large-scale migration of venomous snake species into new regions and unprepared countries, according to a study.

The researchers forecast that Nepal, Niger, Namibia, China, and Myanmar will gain the most venomous snake species from neighbouring countries under a heating climate.

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Lufthansa among 20 airlines investigated by EU over greenwashing concerns -media

Carbon Pulse - Fri, 2024-05-03 18:46
Airlines within the Lufthansa Group are among 20 carriers currently under investigation by the European Commission over potential greenwashing practices, including the use of voluntary carbon credits.
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Tesla to enter South Korean carmaker carbon credit scheme

Carbon Pulse - Fri, 2024-05-03 18:45
EV-maker Tesla has obtained approval from the Korean government to generate and trade carbon credits in the country, expanding the coverage of its automotive regulatory credit-based business model beyond the US and China.
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