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CN Markets: CEAs lose steam amid liquidity drain, allocation plan release seen likely to boost trading activity

Carbon Pulse - Fri, 2024-07-05 19:43
China's national carbon market saw its price continue to fall over the past week with shrinking liquidity, though observers expect a resurgence in trading activity in the coming months after the government finally released a draft allocation plan for 2023 and 2024 this week.
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INTERVIEW: New wave of forest conservation credits can move past scandals and set tone for high integrity

Carbon Pulse - Fri, 2024-07-05 18:26
Credits in forest conservation can become "trailblazers" for high integrity, despite being the focus of multiple scandals over the past few years, an expert in nature-based solutions has told Carbon Pulse.
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Papua New Guinea to introduce 7% fee on carbon credit sales

Carbon Pulse - Fri, 2024-07-05 17:46
Papua New Guinea will introduce a 7% fee on the proceeds of carbon credit sales this month, the government has announced, in order to raise desperately needed cash from mitigation and adaptation activities.
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Rewilding plan aims to bring majestic white storks to London

The Guardian - Fri, 2024-07-05 17:42

Working group to look at where birds might be introduced and engage with boroughs and local community in capital

White storks could soon be wheeling in the skies above London and building their huge nests among towers, flats and spires as a result of new rewilding plans.

After the success of the charismatic birds’ successful reintroduction into southern England since 2016, a white stork working group has been established to seek out habitat and gauge the political will to reintroduce the birds to Greater London.

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‘Keir Starmer take note’: UK’s green transition must start now, say experts

The Guardian - Fri, 2024-07-05 16:27

Labour’s victory, alongside strong Green performance, gives next PM mandate to act boldly on net zero, say campaigners

Labour’s victory in the general election must mark the start of the UK’s transformation to a green and low-carbon economy and society, campaigners and experts have said as the scale of the election win became clear.

The Conservatives’ U-turns on the environment had been “as popular with voters as a root canal”, according to Greenpeace, as the party sank to its worst electoral defeat in modern times.

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Plan Vivo updates standard, opens for consultation prior to ICVCM submission

Carbon Pulse - Fri, 2024-07-05 16:05
Plan Vivo has updated its carbon credit standard and opened it for public consultation ahead of submitting its application to the Integrity Council for the Voluntary Carbon Market (ICVCM) to comply with the Core Carbon Principles (CCP).
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Week in wildlife – in pictures: joyriding birds, a rare golden cat and a surprise king cobra

The Guardian - Fri, 2024-07-05 16:00

The best of this week’s wildlife photographs from around the world

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Chinese steelmakers could cut CBAM costs by 70% with prompt climate actions, report says

Carbon Pulse - Fri, 2024-07-05 15:57
Chinese steelmakers could reduce the costs they have to pay under the EU's Carbon Border Adjustment Mechanism (CBAM) by more than 70% if they implement timely emissions reduction measures, a report has found.
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Southern Australia is freezing. How can it be so cold in a warming climate?

The Conversation - Fri, 2024-07-05 14:34
It has been particularly cold this week, with a record low temperature recorded in Tasmania. Such records are increasingly rare as average temperatures continue to rise. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Washington Clean Fuel Standard cumulative surplus nears 1 mln through 2023

Carbon Pulse - Fri, 2024-07-05 08:34
The net credit surplus in Washington’s Clean Fuel Standard (WCFS) soared towards the 1-million mark in the fourth quarter of 2023, with growth in electricity surpassing ethanol crediting, accompanied by declines in gasoline and diesel volumes, state data showed.
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Quebec government advisory committee calls for cap-and-trade changes to increase cost of carbon

Carbon Pulse - Fri, 2024-07-05 08:20
The cost of a carbon allowance in Quebec’s carbon market is too low to limit global temperature increase to 2C, a government advisory committee said in a report published Wednesday, as they called for revisions to the province’s cap-and-trade programme to encourage further emissions reductions and increase the cost of carbon.
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Why electric beats hydrogen in the race to decarbonise freight vehicles in Australia

The Conversation - Fri, 2024-07-05 06:19
Modelling shows a shift to electric trucks is the better, faster option for cutting transport emissions under most plausible scenarios in Australia’s energy transition. Hussein Dia, Professor of Future Urban Mobility, Swinburne University of Technology Dorsa Alipour, PhD Candidate, Swinburne University of Technology Hadi Ghaderi, Associate Professor in Logistics and Supply Chain Management, Swinburne University of Technology Licensed as Creative Commons – attribution, no derivatives.
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Drone footage shows trail of destruction caused by Hurricane Beryl in Grenada – video

The Guardian - Fri, 2024-07-05 04:58

Drone footage released by the Grenadian prime minister's office showed widespread destruction on the island of Carriacou after Hurricane Beryl struck. After his visit to Carriacou, Grenada's prime minister, Dickon Mitchell, described the aftermath of the category 4 storm as 'Armageddon-like'. Mitchell said about 98% of the buildings were either damaged or demolished, and the electrical grid and communication systems were almost entirely obliterated

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