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New study challenges effectiveness of tree-planting as climate change solution

Carbon Pulse - Sat, 2024-06-22 10:14
A new study has cast doubts on the long-term effectiveness of large-scale tree-planting projects in sequestering CO2, with current climate models potentially overestimating the duration of retention while underestimating the impact of climate change on forests.
Categories: Around The Web

New insurance brings warranties from M&A into voluntary carbon market

Carbon Pulse - Sat, 2024-06-22 06:12
The first warranty and indemnity (W&I) insurance policy in the voluntary carbon market (VCM) has been arranged, a broker announced Friday, lifting due diligence and risk transfer procedures from the world of mergers and acquisitions (M&A) in hopes of providing buyer-side assurances of supplier-side reliability.
Categories: Around The Web

BRIEFING: Switzerland concerned about Chile’s Article 6 regulation, project pending

Carbon Pulse - Sat, 2024-06-22 04:28
The Swiss entity managing Article 6 dealings with Chile has expressed concerns about the country’s draft authorisation procedures, confirming that a wind farm project remains under consideration, despite national media in the host country reporting a done deal.
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DOE, EPA allocate $850 mln to reduce oil and gas methane emissions

Carbon Pulse - Sat, 2024-06-22 03:49
The US Department of Energy (DOE) and the US Environmental Protection Agency (EPA) announced Friday that $850 million in federal funding was being made available for projects to reduce methane emissions from the oil and gas industry.
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Article 6 cookstove carbon credit supply builds in Verra registry, but few retirements

Carbon Pulse - Sat, 2024-06-22 02:54
More than 2.4 million cookstove carbon credits have been tagged with an Article 6 authorisation label in the Verra registry but only a tiny number have been retired, data shows Friday.
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Our incredible win could change the future of oil and gas in the UK | Sarah Finch

The Guardian - Sat, 2024-06-22 01:46

Thanks to the tireless work of campaigners in Surrey, fossil-fuel development must now take into account ‘downstream’ emissions

  • Sarah Finch is a climate campaigner and a member of the Weald Action Group

This week I found out what it feels like to go beyond your wildest dreams. A case I fronted won at the supreme court, with potentially huge positive impacts for the climate. For almost five years, I had been mounting a legal challenge to fossil-fuel production at Horse Hill in the Surrey countryside. A group of residents, activists and lawyers had been pursuing a routine legal review of a council planning decision that had given an oil company the green light to drill four new oil wells and produce oil for 20 years.

The supreme court ruling means it will now be much harder for new fossil-fuel projects to go ahead as their full climate impact will need to be factored in from the start. Our challenge centred on the fact that the oil produced by the Horse Hill site would inevitably be burned, throwing carbon into the atmosphere and heating the planet. We expected it to be a routine legal procedure lasting six months. But as the case came together, its wider significance for the climate and the fossil-fuel industry at large became clearer, and months turned into years as it worked its way through the courts.

Sarah Finch is a climate campaigner and a member of the Weald Action Group

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Air cargo firm launches carbon removal service blending DAC and SAF

Carbon Pulse - Sat, 2024-06-22 01:17
An international air cargo firm has launched a new carbon removal service, which blends direct air capture (DAC) with carbon emissions reductions achieved via sustainable aviation fuel (SAF).
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EU publishes long-awaited rules for permanently storing carbon in products to avoid ETS costs

Carbon Pulse - Sat, 2024-06-22 01:08
EU long-awaited rules are out on the criteria for what constitutes permanent carbon storage in products, providing clarity to firms as to how they can avoid purchasing allowances in the bloc's ETS.
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California water purifier plant with carbon removal to start up in 2026

Carbon Pulse - Sat, 2024-06-22 00:19
A California-based water purifier facility with direct air capture (DAC) carbon removal is poised to begin operations in 2026, the firm announced.
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Heatwave continues to roast 65m people in US midwest and north-east

The Guardian - Fri, 2024-06-21 23:28

Daily heat records were broken in the early season heatwave, yet relief in sight as cooler weather forecast

About 65 million people were under heat alerts in the north-eastern and midwest states on Friday, as an early season heatwave in the US continued to roast the region.

Record temperatures were set in some areas, with heat indexes that combine temperature and humidity hitting 100F and 110F. Calendar-day highs were broken across Maine, New Hampshire and Pennsylvania.

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Protein bars made by No Cow contain lead and toxic PFAS, lawsuit alleges

The Guardian - Fri, 2024-06-21 23:00

Environmental Research Center, a consumer protection non-profit, says it found ‘forever chemicals’ in eight flavors

A wide range of No Cow protein bars are contaminated with lead and toxic “forever chemicals”, recent filings with the California department of justice charges.

The filings, made by the Environmental Research Center (ERC), a San Diego-based consumer protection non-profit, states that its testing found PFOA, a dangerous PFAS compound, and lead in eight flavors of No Cow bars.

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INTERVIEW: Carbon farming to make EU debut with Ireland launching first framework

Carbon Pulse - Fri, 2024-06-21 22:13
This summer, Ireland will launch its carbon farming framework, the first of its kind to be proposed for adoption in a European country, in collaboration with EIT Climate-KIC, a climate innovation initiative co-funded by the European Institute of Innovation and Technology.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-06-21 21:15
After a steady opening on Friday, EU carbon prices drifted over the rest of the morning in sympathy with weakening natural gas prices, reinforcing the view that EUAs are resuming their correlation to TTF prices, while UK Allowances provided the only splash of green on trading screens as the British market reacted to Thursday's steep fall.
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The gardener who took a Canadian city to court for the right to not mow his lawn

The Guardian - Fri, 2024-06-21 21:12

Missisauga officials have twice forcibly cut Wolf Ruck’s grass and billed him, after he decided to rewild his garden

Most mornings, Wolf Ruck walks the mown paths in his yard in Mississauga, Ontario, watching for insects landing on the goldenrod, birds feeding on native seed heads, and chipmunk kits playing in the tall grass.

The septuagenarian artist, film-maker and former Olympic canoeist began rewilding his garden with native plants three years ago, as part of a growing movement across Canada towards replacing water-thirsty lawns with “naturalised gardens”.

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International carbon credit developers to launch new lobby group in Brussels

Carbon Pulse - Fri, 2024-06-21 21:09
Multiple international carbon project developers are set to come together to launch a Brussels-based lobby group to protect and promote the use of voluntary credit use in climate mitigation, according to the EU’s transparency register.
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CN Markets: CEA price drops to three-month low amid lingering regulatory uncertainty

Carbon Pulse - Fri, 2024-06-21 20:59
China’s national emissions trading scheme (ETS) saw its spot price over the past week fall to a three-month low, as the lack of policy updates continues to weigh on market sentiment.
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NGOs call for cancelling ‘disastrous’ oil permit in Rep. of Congo’s most biodiverse protected area

Carbon Pulse - Fri, 2024-06-21 20:28
Human rights activists in the Republic of Congo (RoC) and other NGOs have called for the revocation of an oil exploration permit in Conkouati-Douli National Park, saying it will gravely threaten the most biodiverse protected area in the country.
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Uzbekistan becomes first country to receive World Bank payment for sale of policy-based carbon credits

Carbon Pulse - Fri, 2024-06-21 20:03
Uzbekistan has become the first country to receive a payment of $7.5 million from the World Bank for the sale of carbon credits from policy reforms that have slashed its carbon emissions by half a million tonnes.
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GEF Council gives green light to $730-mln spending as pressure mounts on GBF Fund to deliver

Carbon Pulse - Fri, 2024-06-21 19:46
The Global Environment Facility (GEF) Council has approved the spending of $736.4 million on hastening efforts to tackle biodiversity loss, climate change, and chemicals and waste pollution, as its CEO urged rich countries to ramp up contributions to the Global Biodiversity Framework Fund (GBFF).
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South Korea to deepen Paris partnership with Vietnam

Carbon Pulse - Fri, 2024-06-21 19:37
South Korea and Vietnam have decided to strengthen their cooperation on climate change, with the development of pilot Article 6 projects at the top of the agenda. 
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