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EU’s renewable hydrogen goals ‘unlikely to be met’, auditors say

Carbon Pulse - 1 hour 51 min ago
The European Union is unlikely to meet its 2030 goal for domestic production and import of renewable hydrogen, according to the European Court of Auditors (ECA), who are calling for “a reality check” on targets they describe as “overly ambitious”.
Categories: Around The Web

Beyond the Barrier Reef: Australia’s 3 other World Heritage reefs are also in trouble

The Conversation - 3 hours 34 min ago
We all know the Barrier Reef – but Australia also has three other World Heritage reefs, Ningaloo and Shark Bay in Western Australia and Lord Howe Island off the New South Wales coast. Kate Marie Quigley, DECRA Research Fellow in molecular ecology, James Cook University Andrew Hamilton Baird, Professorial fellow in coral reef ecology, James Cook University Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

Puerto Rico files $1 billion lawsuit against oil majors for effects of climate change

Carbon Pulse - 5 hours 6 min ago
Puerto Rico filed a lawsuit Monday against multiple international oil majors seeking $1 billion in damages for the effects of greenhouse gas emissions from their products, joining a litany of similar lawsuits seeking to hold fossil fuel firms financially accountable for the impacts of climate change.
Categories: Around The Web

Carbon removal sector booms in 2024 with more sales in H1 than across entirety of 2023

Carbon Pulse - 6 hours 6 min ago
This year has seen interest in durable carbon removal (CDR) credits soar, with more private sales recorded between January and June than there were across the entirety of 2023, according to a new report.
Categories: Around The Web

Wildlife Works, Everland publish new baseline allocation model for nested REDD carbon projects

Carbon Pulse - 6 hours 15 min ago
Voluntary carbon project developers Wildlife Works and their brokerage arm Everland have presented a risk-based approach to setting deforestation baselines for ‘nested’ REDD schemes, which they say gives governments the option to allocate areas under higher risk of deforestation to meet jurisdictional climate goals.
Categories: Around The Web

Germany ‘lagging far behind’ on ETS2 implementation, gas industry warns

Carbon Pulse - 8 hours 31 min ago
The amended Climate Protection Act that was signed into law in Germany on Monday puts pressure on the government to define guidelines for the introduction of the EU's Emissions Trading Scheme for road transport and heating fuels (ETS2), according to the country's gas industry association.
Categories: Around The Web

Germany records biggest ever EU ETS emissions drop

Carbon Pulse - 8 hours 52 min ago
EU ETS-covered emissions in Germany fell around 18% in 2023 compared to the previous year, the largest decline ever since the EU ETS was established in 2005, according to data published by the German Emissions Trading Authority (DEHSt) on Tuesday.
Categories: Around The Web

Cumbria project will be ‘net zero’, coalmine firm tells high court

The Guardian - 8 hours 54 min ago

Company insists project should go ahead despite new government saying it had been unlawfully approved

The company behind the first new coalmine in the UK for 30 years has argued in the high court on Tuesday that it would be a “unique net zero” mine.

West Cumbria Mining (WCM) continued to defend the legality of its mine, which will produce 60m tonnes of coking coal in its lifetime, in the court days after the government said its planning permission was unlawful because it had not taken into account downstream emissions from using the coal.

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Categories: Around The Web

BRIEFING: Everything you need to know about Trump VP pick JD Vance

Carbon Pulse - 9 hours 6 min ago
Donald Trump on Monday announced Ohio Senior JD Vance (R) as his vice-presidential candidate, cementing the former president's image as the preferred candidate for the pro-fossil fuels, anti-renewable energy, and climate science-denying US voter base. Here’s a summary of Vance’s record on climate and energy matters.
Categories: Around The Web

307 local authorities processing biodiversity net gain applications in UK, lawyer says

Carbon Pulse - 9 hours 24 min ago
Some 307 out of 327 local planning authorities are processing applications from developers linked to England’s biodiversity net gain (BNG) scheme, in a sign the market is beginning to function, a lawyer has said.
Categories: Around The Web

Kenyan-based biochar developer aims for expansion after fresh investment

Carbon Pulse - 9 hours 40 min ago
A Kenyan-based biochar developer has raised $1.3 million to scale operations as it eyes its goal of increasing CO2 removal capacity to 100,000 tonnes a year over the next 18 months.
Categories: Around The Web

Dominican Republic signals Article 6.4 readiness, gears up for Paris carbon trading

Carbon Pulse - 9 hours 48 min ago
The Caribbean nation, one of Latin America’s more engaged nations on Paris carbon markets, submitted its Article 6.4 ‘host country participation requirements’ document to the UN on Sunday, having already signed early-stage bilateral carbon trading agreements with Singapore in 2023 and Sweden in 2022.
Categories: Around The Web

Amazon deforestation slashed by 83% in areas protected by Indigenous Peoples, study says

Carbon Pulse - Tue, 2024-07-16 23:51
Deforestation rates on Indigenous-managed lands in Brazil's Amazon region are up to 83% lower compared to unprotected areas, a paper has found.
Categories: Around The Web

Study reveals key role of mixed forests in carbon storage, biodiversity

Carbon Pulse - Tue, 2024-07-16 23:41
Forest succession plays a crucial role in carbon sequestration and biodiversity, a new study has found, emphasising the particular importance of mixed tree species in these processes.
Categories: Around The Web

DAC developer gets “mammoth” confidence boost from one of its investors

Carbon Pulse - Tue, 2024-07-16 23:00
The developer of the world’s largest Direct Air Capture (DAC) plant to date has signed a multi-year contract to remove CO2 from the atmosphere for one of its investors, it announced Tuesday.
Categories: Around The Web

Industry experts launch working group for ‘nature positive’ in built environment

Carbon Pulse - Tue, 2024-07-16 22:47
A group of experts has banded together to develop a framework for defining "nature positive" in the built environment industry, aiming to avoid risks of unintentional greenwashing.
Categories: Around The Web

UK commodity house confirms launch of New Zealand carbon trading platform

Carbon Pulse - Tue, 2024-07-16 22:01
A UK trading house has officially announced its presence in New Zealand, with plans to launch carbon trading platform in the country.
Categories: Around The Web

INTERVIEW: Brazil’s interlocking carbon markets work to reconcile

Carbon Pulse - Tue, 2024-07-16 21:57
Brazil must synergise its forthcoming ETS with the preceding RenovaBio carbon pricing scheme linked to biofuels production, according to a Brazilian economist, as regulatory uncertainty, financial speculation, and the unknown socioeconomic consequences of applying the schemes simultaneously provide shaky ground for successful implementation.
Categories: Around The Web

Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-07-16 21:56
European carbon prices were little changed at midday after a morning session in which bulls and bears played tug-of-war, with a firmer gas market supporting EUAs in the face of continued selling pressure.
Categories: Around The Web

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