Feed aggregator
New life springs from rescued Sycamore Gap tree
BBC News is shown the secret site protecting the remains of the Sycamore Gap tree felled last year.
Categories: Around The Web
Speculators gear down North American carbon holdings, compliance builds length in CCAs, RGGI
Speculators reduced length across North American carbon markets while emitters added to California Carbon Allowance (CCA) and RGGI Allowance (RGA) net holdings, weekly data from the US Commodities and Futures Trading Commission (CFTC) showed on Friday.
Categories: Around The Web
Alberta should support federal carbon contracts for difference, says former minister
Fossil fuel-producing Alberta cannot meet its net zero goals without carbon capture, utilisation, and storage (CCUS), but project proponents face uncertainty that can be remedied if the province helped cement a price for CO2, said the former Alberta minister of energy in a webinar Thursday.
Categories: Around The Web
US DOE should streamline funding, permitting, and structures -report
The US Department of Energy (DOE) should simplify its funding opportunities to focus on innovation, facilitate interagency cooperation on permitting, and adjust its structures to better achieve agency goals, according to a report published Thursday.
Categories: Around The Web
Washington seeks feedback on CFS update looking to spur in-state SAF production
The Washington state Department of Ecology (ECY) is seeking feedback on proposed changes to the Clean Fuel Standard (CFS) that look to incentivise sustainable aviation fuel (SAF) production and improve the scheme’s reporting framework.
Categories: Around The Web
EU aircraft operators emitted 105 mln tonnes during CORSIA-eligible flights in 2022, data shows
EU aircraft operators covered by the UN's CORSIA offsetting scheme emitted 105 million tonnes of CO2 in 2022, according to European Commission data released late Friday, figures that will shed some light on carriers' demand for carbon credits.
Categories: Around The Web
Energy industry concerned about Connecticut climate bill electrification shift
Heating fuel distributors and power generators have voiced concerns about the shift to electrification under a Connecticut bill proposing statewide carbon neutrality by 2050, while some stakeholders support the proposal's economic benefits in cross-border trade.
Categories: Around The Web
Oil-producing Nigerian state grants British firm right to generate millions of voluntary carbon credits
An oil-rich state in Nigeria has signed a memorandum of understanding (MoU) with a UK investor, granting it permission to restore thousands of mangroves to generate an estimated 5 million voluntary carbon credits per year.
Categories: Around The Web
ANALYSIS: Role of VCM, legislative snags delay Brazil ETS passage
Questions around the role of the voluntary carbon market (VCM) and legislative complications continue to delay a landmark law establishing a national cap-and-trade system in Brazil, potentially endangering President Lula’s push for passage in the first half of 2024.
Categories: Around The Web
Offset project developer to acquire London-based carbon trading platform
A Canada-based offset project developer it buying a London-based carbon trading platform.
Categories: Around The Web
‘Carbon neutral’ fee charged by ride-hailing company risks greenwashing -NGO
A charge imposed on ride-hailing customers in Southeast Asia to mitigate the climate impact of their travel is backed by dodgy voluntary carbon credits and subjects the company to potential claims of greenwashing, according to an investigation by a local non-profit.
Categories: Around The Web
UK government announces £4.5 mln water credit pilot with tap aerators
The UK government has announced a water credit pilot in Cambridge through retrofitting water-efficient devices, such as tap aerators, into buildings at a cost of up to £4.5 million ($5.8 mln) to enable the development of thousands of houses.
Categories: Around The Web
Green Climate Fund approves $500 mln for climate projects, discusses REDD+
The UN’s Green Climate Fund (GCF) has approved $489.8 million of funding across 11 climate projects in developing countries this week, which will total $1.26 billion with co-financing.
Categories: Around The Web
Restored coral reefs grow as fast as healthy ones but are less biodiverse, study finds
Degraded coral reefs can recover at an "incredible" pace, growing at the same speed as healthy ones that have not been restored after just four years of management, although they tend to be poorer in biodiversity, a research has found.
Categories: Around The Web
Multinational commodity supplier targets Scope 3 emissions in Argentina
A multinational commodity distributor has teamed up with a regenerative farming specialist to help scale its carbon emissions measurement programme and reach more producers in Argentina, it announced Friday.
Categories: Around The Web
ICE to launch “mini-EUA” contract to attract wider participation, including from smaller investors
ICE Endex is to launch a new "mini" EU Allowance futures contract in an effort to capture demand from shippers and smaller emitters in the ETS, and possibly even retail investors keen to gain exposure to the carbon market as supply tightens significantly towards 2030.
Categories: Around The Web
Oil industry has sought to block state backing for green tech since 1960s
Research shows industry lobbying against support for solar panels and electric cars while enjoying subsidies itself
The oil industry has fought against government support for clean technologies for more than half a century, the Guardian can reveal, even as vast subsidies have propped up its polluting business model.
It lobbied lawmakers to block support for low-carbon technologies such as solar panels, electric cars and heat pumps as far back as the 1960s, analysis shows. Trade associations in the US and Europe stymied green innovations under the guise of supporting a “technology neutral” approach to avoiding the damage done by burning their fuels.
Continue reading...
Categories: Around The Web
Only 2% of EU’s Just Transition Fund spent so far -official
The European Union’s €17.5 billion Just Transition Fund, launched alongside the Green Deal to support regions most affected by the transition to climate neutrality, is currently in the doldrums with only 2% of payments made so far, a senior official has revealed, underscoring the bloc's struggle to deal with the social aspects of the green transition.
Categories: Around The Web
Cost of nature loss much higher than governments estimate, study shows
Government decision-making methods have fallen short of assessing the actual monetary value of ecosystem services by up to 180%, a study has shown.
Categories: Around The Web
Dutch company to pilot biodiversity credit project in Australia
A Dutch nature-based solutions developer plans to launch a biodiversity credit pilot in Australia by the end of September.
Categories: Around The Web