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‘Carbon neutral’ fee charged by ride-hailing company risks greenwashing -NGO

Carbon Pulse - Sat, 2024-03-09 03:00
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.
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UK government announces £4.5 mln water credit pilot with tap aerators

Carbon Pulse - Sat, 2024-03-09 02:50
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.
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Green Climate Fund approves $500 mln for climate projects, discusses REDD+

Carbon Pulse - Sat, 2024-03-09 02:45
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.
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Restored coral reefs grow as fast as healthy ones but are less biodiverse, study finds

Carbon Pulse - Sat, 2024-03-09 02:00
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.
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Multinational commodity supplier targets Scope 3 emissions in Argentina

Carbon Pulse - Sat, 2024-03-09 01:32
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.
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ICE to launch “mini-EUA” contract to attract wider participation, including from smaller investors

Carbon Pulse - Sat, 2024-03-09 01:17
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.
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Oil industry has sought to block state backing for green tech since 1960s

The Guardian - Sat, 2024-03-09 01:00

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.

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Only 2% of EU’s Just Transition Fund spent so far -official

Carbon Pulse - Sat, 2024-03-09 00:44
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.
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Cost of nature loss much higher than governments estimate, study shows

Carbon Pulse - Sat, 2024-03-09 00:42
Government decision-making methods have fallen short of assessing the actual monetary value of ecosystem services by up to 180%, a study has shown.
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Dutch company to pilot biodiversity credit project in Australia

Carbon Pulse - Sat, 2024-03-09 00:29
A Dutch nature-based solutions developer plans to launch a biodiversity credit pilot in Australia by the end of September.
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We can’t pretend we’re doing enough if we want to give the Great Barrier Reef a chance to survive | Adam Morton

The Guardian - Sat, 2024-03-09 00:00

With mass bleaching events so frequent, the prognosis is bad. Australia must lead with its actions on emissions and phasing out fossil fuel development

What will it take for us to collectively pay attention? Not a new question, but a reasonable one after the official declaration that the Great Barrier Reef is suffering through another mass bleaching event driven by global heating – the fifth since 2016.

There is no clearer visual demonstration of the climate crisis than what is happening to the reef. It’s a globally unique landmark, made up of thousands of individual reefs and islands and an extraordinary and eccentric array of species. It has been growing into its modern form, spread across an area the size of Italy, for about 8,000 years. People travel from across the planet to witness it. And we can literally see the impact of climate change on it as it changes colour and loses life in real time.

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INTERVIEW: Brazilian rainforest state to build bridge between smallholder farmers and the carbon market

Carbon Pulse - Fri, 2024-03-08 23:38
A Brazilian state is working to enable access to the carbon market for smallholder farmers by rewarding them for protecting the Amazon and setting up an intermediary agency to facilitate access to offset buyers.
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Sadiq Khan says roadside pollutants falling faster in London than rest of UK

The Guardian - Fri, 2024-03-08 23:24

Exclusive: Mayor hails ‘remarkable progress’ in improving air quality after report showing much of change is result of Ulez

Sadiq Khan has hailed what he said was remarkable progress in improving London’s air quality under his tenure as mayor, after a study showed roadside pollutant levels falling faster in the city than elsewhere in the UK.

The report, produced by the Greater London Authority (GLA) and Transport for London (TfL), said a good proportion of the improvement was the result of the ultra-low emission zone (Ulez), which was extended to all London boroughs last summer.

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Nature data gaps are narrowing as technologies improve, experts say

Carbon Pulse - Fri, 2024-03-08 23:22
Gaps in nature data are narrowing as technologies enable companies in extractive sectors to scale up ecosystem monitoring, say experts from data company NatureMetrics.
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Labour would aim for zero-waste economy by 2050, says Steve Reed

The Guardian - Fri, 2024-03-08 22:46

Shadow environment secretary says other countries have same target and it would save billions of pounds

A Labour government would aim for a zero-waste economy by 2050, the shadow environment secretary has said.

Steve Reed said the measure would save billions of pounds and also protect the environment from mining and other negative actions, while speaking at the Restitch conference in Coventry, held by the thinktank Create Streets.

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-03-08 22:23
European carbon permit prices fluctuated either side of unchanged on Friday morning, reflecting fatigue and a lack of direction among traders, after a week of volatility in both directions that has generated the widest five-day trading range in two months.
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FEATURE: EU testing the waters on ETS3 for agriculture

Carbon Pulse - Fri, 2024-03-08 21:09
The European Union is testing the waters on the possibility of creating a new ETS for agriculture, or revising its existing carbon market rules, in an effort to tackle emissions from a politically-sensitive sector that has seen farmers take to the streets in recent weeks to protest against EU bureaucracy.
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CF ASIA: Japan considers inclusion of international CDR projects in domestic carbon market

Carbon Pulse - Fri, 2024-03-08 20:05
Japan is assessing the possibility of including credits generated from international carbon dioxide removal (CDR) projects in the domestic carbon market, and should see more clarity within this year, a conference heard Friday.
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CF ASIA: Asian countries should allow offsets in their compliance schemes, banker says

Carbon Pulse - Fri, 2024-03-08 20:04
Project-based carbon credits complement compliance markets and countries in the Asia-Pacific region should allow them in their compliance programmes to help drive demand for credits, a banker told Carbon Forward Asia conference on Friday.
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CF ASIA: Managing reputational risks difficult but vital, carbon developer says

Carbon Pulse - Fri, 2024-03-08 19:57
The potential reputational risks for carbon project developers partnering with corrupt or problematic governments are "challenging, but necessary" in order to continue the work of protecting nature within their borders, a project developer told a panel Friday.
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