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Key matters still undecided for Colombian ETS, more clarity expected by year’s end -official

Carbon Pulse - Fri, 2024-06-28 09:52
Colombia’s ETS, under development for six years, is still far from designed or implementable, per a description of outstanding matters provided by an official in Colombia at the Latin America Climate Summit on Wednesday, but the government has several milestones planned for the coming years.
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WCI Markets: Rulemaking notice reignites CCA trade, WCA activity subsides

Carbon Pulse - Fri, 2024-06-28 08:59
The next cap-and-trade rulemaking workshop date announcement reversed declines in California Carbon Allowance (CCA) prices, while Washington Carbon Allowances (WCA) settled back into sluggish trade given uncertainty surrounding the programme's future.
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Global law firms lag in climate action, continue to prioritise fossil fuel work, annual scorecard reveals

Carbon Pulse - Fri, 2024-06-28 08:53
The world’s top law firms are lagging in pledged climate action, showing substantial ongoing support for the fossil fuel sector despite compared to minor advancements in their work on renewable energy.
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US DOE announces $16 mln for CO2 conversion into new products

Carbon Pulse - Fri, 2024-06-28 08:27
The US Department of Energy (DOE) announced Thursday that up to $16 million in funding will be available for large-scale conversion of CO2 emissions into carbon-based products.
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Targeted interventions can help trade in global CDR market reach $100 bln/yr by 2030-35 -report

Carbon Pulse - Fri, 2024-06-28 07:50
Annual trade in carbon removal credits could grow nearly 40-fold to $100 billion by 2030-35 if key barriers are addressed, a new report predicts.
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Brazil hoping for national ETS passage by end of year -official

Carbon Pulse - Fri, 2024-06-28 06:43
The Brazilian executive branch still hopes to see national cap-and-trade legislation pass this year, according to an official from the Ministry of Development speaking at the Latin America Climate Summit on Wednesday in Colombia, pushing back previously articulated target dates.
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What’s next for the Climate Change Authority under Matt Kean’s leadership?

The Conversation - Fri, 2024-06-28 06:11
A member of Australia’s Climate Change Authority, Lesley Hughes, explains what this body does – in light of high profile NSW politician Matt Kean’s appointment to the top job this week. Lesley Hughes, Professor Emerita, Department of Biological Sciences, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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Want to help our precious nocturnal bugs during Matariki’s longer nights? Turn the lights down low

The Conversation - Fri, 2024-06-28 06:10
About a third of insects attracted to artificial lights die by morning, often from exhaustion. But we can help them, and the vital ecosystems they serve, by reducing light pollution. Janice Lord, Associate Professor in Botany, University of Otago Connal McLean, Natural History Technician – Invertebrates, Te Papa Tongarewa Licensed as Creative Commons – attribution, no derivatives.
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BP has scaled back its green energy plans – don’t be surprised if it happens again | Nils Pratley

The Guardian - Fri, 2024-06-28 03:53

The oil major’s net zero plans have made it a sector leader but have yet to win over investors while fossil fuels are booming

Grand corporate strategies are launched in weighty declarations by chief executives who fancy themselves as visionaries. That was how Bernard Looney, the then chief executive of BP, did it back in February 2020 when he said the company would get serious about cutting greenhouse gas emissions and investing in renewables. “The direction is set. We are heading to net zero. There is no turning back,” Looney told his City audience.

By contrast, the watering down of ambition tends to happen in increments. Thus, when Looney last year scrapped BP’s aim to reduce hydrocarbon output by 40% by 2030, versus 2019’s level, in favour of a 25% cut, he claimed the change was a case of “leaning in” to the same strategy, just in the new circumstance of a world that was worrying more about energy security after Russia’s invasion of Ukraine.

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BRIEFING: High carbon tax in Mexico’s Queretaro prioritises flexibility

Carbon Pulse - Fri, 2024-06-28 03:07
The Mexican state of Queretaro, with one of the highest carbon taxes in Latin America, has carved out an exception to its 20% offsets rule for firms facing steep competition and will consider international exchange rates when determining annual price increases, a senior official told Carbon Pulse on the sidelines of the Latin America Climate Summit in Colombia Wednesday.
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Gold Standard releases second edition of its climate framework for corporates

Carbon Pulse - Fri, 2024-06-28 02:27
Gold Standard has released the second iteration of its climate framework designed to help organisations contribute to global climate efforts, with key updates including a focus on climate adaptation and further support on how companies should tackle their unabated emissions.
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SCOTUS approves temporary block of EPA’s interstate air pollution plan

Carbon Pulse - Fri, 2024-06-28 02:03
The Supreme Court of the United States (SCOTUS) on Thursday approved a temporary halt of an Environmental Protection Agency (EPA) scheme to reduce interstate air pollution, which legal experts say could set national precedent that eases the threshold for similar stay requests of federal environmental policies.
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Some CBAM revenue should go to impacted and developing countries, panel agrees

Carbon Pulse - Fri, 2024-06-28 01:43
Representatives from the government, business and academic sectors agreed that at least part of the EU’s Carbon Border Adjustment Mechanism (CBAM) revenues should be recycled to non-EU countries impacted by the mechanism, during a online webinar hosted by a think tank on Wednesday.
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ISO kicks off work on new net-zero standard, keeps door open to offsets

Carbon Pulse - Fri, 2024-06-28 01:19
The International Organization for Standardization (ISO) is developing its first standard for reaching net-zero emissions, which could allow companies to use offsets to meet decarbonisation targets, it announced on Thursday.
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Fire ants could be spreading on Australian military bases due to ‘massive surveillance failure’, experts say

The Guardian - Fri, 2024-06-28 01:00

Invasive Species Council demands audit of all defence sites after red imported fire ants detected at Swartz Barracks outside Queensland containment zone

Defence bases pose a “huge risk” when it comes to stopping the spread of invasive fire ants in Australia, with experts suggesting there has been “a massive surveillance failure” on the commonwealth-owned properties.

Fire ants have been detected at eight defence sites in Queensland. Seven are within the state’s 700,000-hectare fire ants containment zone which stretches from the Gold Coast to Caboolture.

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Former CQC boss denies wrongdoing allegations, calls them part of plot by investor to seize control of firm

Carbon Pulse - Fri, 2024-06-28 00:55
The former CEO of project developer C-Quest Capital (CQC) has denied the allegations of wrongdoing made against him, calling them part of a plot by a major investor to seize control of the company.
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EU imports still drive substantial global deforestation, report unveils

Carbon Pulse - Fri, 2024-06-28 00:55
EU member states continue to drive deforestation from their direct imports, with the bulk of clear cutting associated with cocoa and oil palm products.
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Satellite captures first-of-a-kind cloud image

BBC - Fri, 2024-06-28 00:26
A joint European-Japanese mission captures a space view of the internal structure of a cloud.
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