Feed aggregator

Singapore outlines rules for corporate climate disclosures

Carbon Pulse - Thu, 2024-02-29 19:46
Firms listed on Singapore’s bourse will have to start reporting sustainability and climate information from next financial year, with their biggest unlisted counterparts to do the same two years after that.
Categories: Around The Web

South Korea weighs carbon contracts for differences

Carbon Pulse - Thu, 2024-02-29 19:32
South Korea is considering introducing carbon contracts for differences (CCfDs) to de-risk private sector investments in emissions abatement technologies and ensure a clearer carbon price signal.
Categories: Around The Web

Scrap subsidies to Scotland’s conifer forests, urges report

The Guardian - Thu, 2024-02-29 19:00

Royal Society of Edinburgh says money should be spent on longer-living native forests with greater biodiversity benefits

A report has called on ministers to scrap the huge subsidies and tax breaks given to conifer forests because they do too little to combat the climate crisis.

The report from the Royal Society of Edinburgh said the tens of millions of pounds in subsidies given to the timber industry should instead be spent on longer-living native forests, which have greater and clearer climate and biodiversity benefits.

In Scotland, ministers have subsidised forestry by more than £390m over the last decade, with roughly 80% of that spent on commercial conifer plantations, as well as extra subsidies for haulage.

Timber companies and landowners pay no corporation tax on their income from forests; profits from timber sales are tax-free; there is no capital gains tax on the value of the trees, and 100% inheritance tax relief on the forestry property.

Forest owners were also able to sell carbon credits, adding to the attractiveness of forestry as an investment.

These grants, tax breaks and carbon credits had helped to substantially drive up land prices in Scotland, up by 73% in a single year, greatly distorting the land market and pricing people out.

Government agencies are not properly enforcing policies which require environmental impact assessments on new forest projects; their approach is “inadequate” and “passive”.

Continue reading...
Categories: Around The Web

Norway, Ethiopia move to payment phase of forest partnership

Carbon Pulse - Thu, 2024-02-29 16:39
Norway and Ethiopia this week upgraded their decade-long forest partnership to pave the way for payments of up to $100 million if the East Africa nation meets its climate and nature targets.
Categories: Around The Web

Oil company buys into Brazilian REDD+ project

Carbon Pulse - Thu, 2024-02-29 15:25
An Australian oil and gas company producing offshore Brazil has signed up for a five-year partnership with a local REDD+ project certified by Verra.
Categories: Around The Web

Supermarket chickens found burnt by own excrement

BBC - Thu, 2024-02-29 14:40
A BBC investigation finds about one third of chickens sold in some UK supermarkets have "hock burn".
Categories: Around The Web

Supermarket chickens found burnt by own excrement

BBC - Thu, 2024-02-29 14:40
A BBC investigation finds about one third of chickens sold in some UK supermarkets have "hock burn".
Categories: Around The Web

Australia ACCU supply expected to triple to 2033, outlook says

Carbon Pulse - Thu, 2024-02-29 13:26
Australia could be the largest developer of carbon offsets in the world by 2033, according to an outlook statement released Thursday, driven by demand from the Safeguard Mechanism.
Categories: Around The Web

Asbestos: Rozelle parklands reopening delayed, with critics arguing extension shows EPA is a ‘toothless tiger’

The Guardian - Thu, 2024-02-29 10:39

Environment Protection Authority originally demanded asbestos be cleaned up by end of February but Transport for NSW granted extra month by watchdog

The remediation and reopening of a major Sydney park where asbestos was found in mulch by a child in early January has been pushed back a month, sparking outrage from the local mayor and a state MP as more contamination is found across the city.

Transport for New South Wales on Thursday announced it had been granted an extension for the works at the Rozelle parklands by the state’s environmental watchdog due to the extent of the remediation needed.

Continue reading...
Categories: Around The Web

California DEBs offset prices remain at record highs, issuance lags

Carbon Pulse - Thu, 2024-02-29 10:38
California offsets offering direct environmental benefits (DEBs) to the state command high prices even as year-to-date issuance trails last year’s levels for the same time, data published by state regulator ARB on Wednesday showed.
Categories: Around The Web

Southwest Airlines invests $30 mln in SAF producer LanzaJet

Carbon Pulse - Thu, 2024-02-29 10:20
Southwest Airlines has announced a strategic $30 million investment in sustainable fuel firm LanzaJet as part of a strategy to develop a sustainable aviation fuel (SAF) production facility in the US.
Categories: Around The Web

Idle ships at anchor to earn voluntary carbon credits under new Gold Standard methodology

Carbon Pulse - Thu, 2024-02-29 10:01
Idle ships at anchor around the globe will be able to earn carbon credits under a new methodology approved by Gold Standard.
Categories: Around The Web

US Forest Service faces lawsuit for ignoring carbon emissions from timber targets

Carbon Pulse - Thu, 2024-02-29 10:01
The US Forest Service, responsible for stewardship of public forest acreage, has failed to assess the effects of its logging projects on carbon storage and emissions, an environmental law firm said in a lawsuit filed Monday.
Categories: Around The Web

Human Rights Watch report accuses Cambodia REDD+ project of abuses, slams Verra for failing to act

Carbon Pulse - Thu, 2024-02-29 10:01
A long-awaited report by Human Rights Watch (HRW) investigating a Cambodian REDD+ project has found developers failed to obtain free, prior, and informed consent (FPIC) from Indigenous communities, some of whom are said to have been arrested and had their livelihoods destroyed as a result of the scheme’s operations.
Categories: Around The Web

Pages

Subscribe to Sustainable Engineering Society aggregator