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UK breakthrough could slash emissions from cement

BBC - Thu, 2024-05-23 01:01
Scientists from Cambridge University find an ingenious way to decarbonise one of the world's most polluting materials.
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The claim of a $600bn carbon capture windfall for Australia is based on heroic assumptions and selective analysis | Temperature Check

The Guardian - Thu, 2024-05-23 01:00

Projections of the size and scale of a future CCS industry should come with heavy doses of scepticism

As far as bonanzas go, a claim this week that Australia could pull in almost $600bn by storing carbon dioxide from other countries is one that puts even the Aukus nuclear submarine deal in the shade.

The oil and gas industry lobby group Australian Energy Producers made the claim, reported in the Australian, pointing to a study carried out by global energy analysts Wood Mackenzie.

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Microsoft to buy 36k carbon removals from biochar producer, adds another 1 Mt to Danish BECCS deal

Carbon Pulse - Thu, 2024-05-23 00:38
Microsoft has signed an agreement to buy 36,000 tonnes of biochar from a Canadian producer, the firms announced on Wednesday, while the tech giant also increased by 1 million tonnes the purchase volume of an existing deal for Danish bioenergy removals.
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BRIEFING: EUA price must hit €150/t to push ship owners to adopt greener fuel

Carbon Pulse - Thu, 2024-05-23 00:35
EUAs need to be trading at least €150 per tonne to start incentivising ship owners to switch to biofuels in a subsidised environment, while the price would need to be markedly higher than that to ensure a shift to more expensive green fuels like ammonia or methanol, a freight manager told a conference Wednesday.
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First sea trials of slow steaming software for shipping industry sharply cut CO2 emissions

Carbon Pulse - Thu, 2024-05-23 00:32
Two sea trials of a new slow steaming solution for the shipping industry have sharply cut CO2 emission levels, confirming earlier pilot programs, a shipping consortium announced this week.
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Over 50% of the world’s mangrove ecosystems at risk of collapse by 2050, IUCN says

Carbon Pulse - Thu, 2024-05-23 00:22
The International Union for Conservation of Nature (IUCN) released Wednesday its first-ever assessment of the world's mangrove ecosystems, showing that more than half of them are at risk of collapse by 2050.
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Rhino bond has lessons for biodiversity credits, expert says

Carbon Pulse - Wed, 2024-05-22 23:19
The nascent biodiversity credits market can learn from the work of the World Bank’s rhino bond, according to an expert whose organisation worked on the issuance.
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EU ministers face six tests for strengthening green competitiveness, says think tank

Carbon Pulse - Wed, 2024-05-22 23:05
A series of tests awaits the European Union, as the bloc still debates how to respect climate commitments and remain economically ambitious at the same time, with the 27 nations' ministers set to gather in Brussels at the Competition Council on Friday.
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Failing to modernise grid will massively set back EU on climate targets -industry

Carbon Pulse - Wed, 2024-05-22 22:50
Failure to modernise the power grid could lead the EU to miss its climate targets by over 30% and jeopardise energy security, the European electricity industry association has warned.
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FEATURE: Fish farming marine destruction claims highlight challenge in meeting GBF targets

Carbon Pulse - Wed, 2024-05-22 21:27
Environmentalists are increasingly sounding the alarm over what they claim are destructive impacts of the global fish farming industry, but government hesitance in imposing stricter regulations is seen as an illustration of the challenge ahead in meeting biodiversity targets.
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Borrowdale rainforest in Lake District declared national nature reserve

The Guardian - Wed, 2024-05-22 21:26

Five nature reserves will be created each year for next five years to celebrate coronation of King Charles

A temperate rainforest in the Lake District has been declared a national nature reserve in a move that will protect the rare ancient habitat for future generations.

The Borrowdale rainforest is one of the few surviving examples of a “mysterious and untouched” landscape that covers less than 1% of the UK.

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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-05-22 21:25
EU carbon allowance prices were modestly firmer at midday on Wednesday as the market tested technical resistance levels after the weekly Commitment of Traders data showed investment funds increased their bearish bets for the first time in six weeks.
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First five corporate nature positive strategies approved by campaign group

Carbon Pulse - Wed, 2024-05-22 20:31
Campaign group Business for Nature has accepted its first batch of strategies targeting a nature positive economy by 2030 from corporations based in the UK, France, and Taiwan, six months after launch .
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Australian conference holds record buy side, emitter attendee numbers

Carbon Pulse - Wed, 2024-05-22 20:26
Carbon credit buyers have been few and far between at conferences in recent years, but the Carbon Farming Industry Forum in Cairns this week hosted a record number, and percentage, of attendees on the buy side, demonstrating confidence in the Australian market, attendees told Carbon Pulse.
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Carbon tech startup launches free voluntary credit insight platform

Carbon Pulse - Wed, 2024-05-22 20:00
A Berlin-based carbon tech startup has launched a free voluntary carbon credit insight platform on Thursday, with the aim of making purchases more accessible to all.
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Investor group teams up to finance nature-based carbon removal project in Panama

Carbon Pulse - Wed, 2024-05-22 19:15
A group of investors has partnered to finance a reforestation project in Panama aiming to restore 10,000 hectares of degraded tropical forests and generate over 3 million carbon removal credits.
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Trigger-happy councils mowing down our spring flowers? There’s a better way to do things | Phineas Harper

The Guardian - Wed, 2024-05-22 19:00

The No Mow May campaign has persuaded local authorities to protect biodiversity. But bigger changes are needed

This time last year, residents of the council estate where I live in Greenwich were left in tears after local authority contractors mowed down scores of newly planted purple alliums on our shared lawn just days after they’d bloomed. In minutes, one man with a strimmer had reduced the flowers that my neighbours, many of whom do not have private gardens, had grown over months to mere mulch.

Shamefaced, this year the council sought to make amends by sowing a biodiversity meadow near where the alliums had met their fate. The new wildflowers were doing well – on track to compensate for the previous year’s blunder – until, to the consternation of residents, they were yet again mown down by council contractors. Even the local authorities’ own efforts to improve the biodiversity of the borough proved no match for its trigger-happy lawnmower men.

Phineas Harper is a writer and curator

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South Korea should consider additional carbon trading scheme for regions, researchers say

Carbon Pulse - Wed, 2024-05-22 18:33
South Korea should consider more policy arrangements for domestic cities to utilise carbon market mechanisms, such as the creation of a regional carbon trading framework, to drive down emissions from the urban sector, researchers have suggested.
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Green policies take back seat in EU leadership debate

Carbon Pulse - Wed, 2024-05-22 18:25
A debate on Tuesday among lead contenders for the post of European Commission President made little room for green considerations, with discussions focusing mostly on defence spending and the need to protect Europe’s interests in the face of China's aggressive economic policies.
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