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UPDATE – WCI reschedules Q2 auction for May 22

Carbon Pulse - Sat, 2024-05-18 05:55
California and Quebec announced Friday a new date for the joint WCI carbon allowance auction for Q2 that was postponed earlier in the week due to technical difficulties.
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UPDATE – Verra begins revision of voluntary carbon agriculture management methodology, consolidates grassland programmes

Carbon Pulse - Sat, 2024-05-18 02:59
Voluntary carbon standard Verra is initiating a revision of the methodology to credit improved agricultural land practices, it said Friday.
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CO29 host Azerbaijan drafts carbon tax law as it pursues new climate agenda

Carbon Pulse - Sat, 2024-05-18 02:32
COP29 host Azerbaijan is drafting a law that will introduce a domestic carbon tax, the head of this year's UN climate conference in Baku said, as reported by the national news agency.
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Incoming far-right Dutch coalition party set to dial back climate ambition

Carbon Pulse - Sat, 2024-05-18 00:59
The Netherlands is set to U-turn on national climate and energy policies and complicate climate discussions at EU level as a new coalition government including Geert Wilders’ far-right party prepares to take over.
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FEATURE: Just transition approaches need refinement, some countries lead the way

Carbon Pulse - Sat, 2024-05-18 00:43
Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a 'just transition', though approaches diverge significantly and finance remains a key stumbling block.
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Australian organisation releases guide to enhance biodiversity in solar farms

Carbon Pulse - Sat, 2024-05-18 00:05
An Australian non-profit consultancy has released a set of strategies to achieving net gain in biodiversity within new solar farms, as its country plans to enhance efforts to prevent renewable plants from harming ecosystems.
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Economic damage from climate change six times worse than thought – report

The Guardian - Sat, 2024-05-18 00:00

A 1C increase in global temperature leads to a 12% decline in world gross domestic product, researchers have found

The economic damage wrought by climate change is six times worse than previously thought, with global heating set to shrink wealth at a rate consistent with the level of financial losses of a continuing permanent war, research has found.

A 1C increase in global temperature leads to a 12% decline in world gross domestic product (GDP), the researchers found, a far higher estimate than that of previous analyses. The world has already warmed by more than 1C (1.8F) since pre-industrial times and many climate scientists predict a 3C (5.4F) rise will occur by the end of this century due to the ongoing burning of fossil fuels, a scenario that the new working paper, yet to be peer-reviewed, states will come with an enormous economic cost.

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INTERVIEW: Developer of low-concentration CO2 capture strives for below $100/t in a decade  

Carbon Pulse - Fri, 2024-05-17 23:33
A developer of carbon capture technology using a new class of material able to capture CO2 at very low concentrations aims to reach costs of below $100 per tonne in the next decade, thanks to its high energy efficiency and use of low-grade waste heat.
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Critical minerals ‘not a deal-breaker’ for climate goals – at least for now, IEA says

Carbon Pulse - Fri, 2024-05-17 23:30
The International Energy Agency (IEA) has issued a cautious warning about the supply of critical raw materials needed for clean technologies, pointing to “potential strains” in supply that could slow down the green transition, but aren’t enough to derail it for now.
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Only half of global carbon revenues directed to climate and nature -report

Carbon Pulse - Fri, 2024-05-17 23:29
Only about half of carbon revenues generated globally from compliance markets is directly used for climate and nature, a new report has found.
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India to ensure benefit for every stakeholder before rolling out carbon market policy -official

Carbon Pulse - Fri, 2024-05-17 23:28
India will seek to ensure every stakeholder will benefit before rolling out a policy to support its carbon market, a government official said this week.
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DATA DIVE: Booming energy company activity lifts voluntary carbon credit retirements in 2024

Carbon Pulse - Fri, 2024-05-17 23:12
Credit retirements across the four main registries in the voluntary carbon market are on track for a record year, lifted by particularly buoyant activity among energy companies.
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Canadian financial hub sets up research centre to develop biodiversity credits, green bonds

Carbon Pulse - Fri, 2024-05-17 21:57
A Canadian financial hub has announced it will set up a research centre tasked with developing financing mechanisms to scale investments towards nature protection, including biodiversity credits and biodiversity bonds.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-05-17 21:19
European carbon prices rose by as much as 2.1% on Friday, catching support from rising natural gas and a relatively strong auction outcome, before giving up all their gains as the market continued to move within the €68-€72 range it has occupied all week.
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EU ministers call for decarbonising soon-to-be ETS-covered heating and cooling sectors

Carbon Pulse - Fri, 2024-05-17 21:13
Heating and cooling of buildings will be the next big decarbonisation challenge across the EU, according to 15 of the 27 member states, as the sector makes its debut into ETS2 from next year.
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Cop29 at a crossroads in Azerbaijan with focus on climate finance

The Guardian - Fri, 2024-05-17 21:00

Fossil-fuel dependent country hopes to provide bridge between wealthy global north and poor south at November gathering

Oil is inescapable in Baku, the capital of Azerbaijan. The smell of it greets the visitor on arrival and from the shores of the Caspian Sea on which the city is built the tankers are eternally visible. Flares from refineries near the centre light up the night sky, and you do not have to travel far to see fields of “nodding donkeys”, small piston pump oil wells about 6 metres (20ft) tall, that look almost festive in their bright red and green livery.

It will be an interesting setting for the gathering of the 29th UN climate conference of the parties, which will take place at the Olympic Stadium in November.

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CN Markets: CEAs flat, as trading volume falls to 14-month low

Carbon Pulse - Fri, 2024-05-17 20:43
China’s national carbon market saw allowance prices rise marginally over the past week, while liquidity dropped to the lowest level since Mar. 2023 amid an absence of regulatory news.
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Looking for lichen: Church of England launches search for life on gravestones

The Guardian - Fri, 2024-05-17 20:00

Church asks people to record species found in local graveyards, which can provide good habitat for complex life form

The still calm of graveyards invites visitors to think about the dead, but now the Church of England is asking people across the country to look for surprising signs of life within them.

Graves are a haven for lichen, with more than 700 of the 2,000 British species having been recorded in English churchyards and cemeteries so far. According to surveys by the church, many sites have well more than 100 species on the stonework, trees and in the grassland.

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High levels of weedkiller found in more than half sperm samples, study finds

The Guardian - Fri, 2024-05-17 20:00

Glyphosate found in samples from French infertility clinic raising questions about controversial chemical’s impact on fertility

More than 55% of sperm samples from a French infertility clinic contained high levels of glyphosate, the world’s most common weedkiller, raising further questions about the chemical’s impact on reproductive health and overall safety, a new study found.

The new research also found evidence of impacts on DNA and a correlation between glyphosate levels and oxidative stress on seminal plasma, suggesting significant impacts on fertility and reproductive health.

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