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CEZ buys up EU carbon permits for 2025 at €96/t

Carbon Pulse - Fri, 2024-03-22 04:21
Czech utility CEZ has bought over 6 million EUAs for its 2025 compliance at an average €96 per tonne, according to its 2023 annual report published Thursday.
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Scottish grouse moors to be licensed in attempt to protect birds of prey

The Guardian - Fri, 2024-03-22 04:14

MSPs vote for controls as it emerges another hen harrier has vanished in area ‘notorious’ for persecution

Grouse moors across Scotland will be required to hold licences and could face shooting bans as part of radical measures to combat bird of prey persecution passed by MSPs on Thursday.

The Scottish parliament voted for the controls amid intense pressure from conservation scientists and campaigners after decades of illegal attacks on birds of prey by gamekeepers instructed to protect grouse on shooting estates from being eaten.

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Microsoft inks latest purchase of 95,000 voluntary CDR credits after string of deals

Carbon Pulse - Fri, 2024-03-22 03:56
Microsoft has signed a pre-purchase agreement with a Swiss carbon project developer for 95,000 voluntary carbon removal (CDR) credits from a biochar facility in Mexico, following shortly after Shell struck a similar deal.
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Political leaders tout high hopes for nuclear power on the road to net zero emissions

Carbon Pulse - Fri, 2024-03-22 03:07
Growing enthusiasm for nuclear energy was put on display at the first-ever Nuclear Energy Summit in Brussels on Thursday, but a new generation of nuclear power plants will not be possible without access to large amounts of finance, leaders stressed, while also acknowledging the industry's image problem.
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Dutch civil rights group warns “wider investigation” findings will follow Kenyan REDD carbon project scandal

Carbon Pulse - Fri, 2024-03-22 02:47
A Dutch civil rights campaigner group has placed the avoided deforestation voluntary carbon sector on red alert with a pledge to soon publish a ‘wider investigation’ on offsetting and human rights, which builds on its covert probe that uncovered sexual offences by senior staff at a Kenyan project.
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Brazilian startup releases methodology to measure biodiversity uplift

Carbon Pulse - Fri, 2024-03-22 01:42
A Brazilian environmental assets startup has released its methodology for measuring biodiversity impacts in farms and ranches, paving the way for issuing biodiversity credits.
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Drax to pay €400/t in BECCS voluntary carbon removals deal

Carbon Pulse - Fri, 2024-03-22 01:29
Drax has agreed to purchase 1,000 tonnes of bioenergy with carbon capture and storage (BECCS) removals credits from a Norwegian supplier for €400 per tonne.
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Kermit the Frog honoured in new fossil find

BBC - Fri, 2024-03-22 01:23
The fossil's bug-eyed appearance reminded researchers of the famous Muppet.
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UK opens public consultation on carbon border tariff design

Carbon Pulse - Fri, 2024-03-22 00:48
The UK has opened a public consultation Thursday on proposals for the design and administration of its Carbon Border Adjustment Mechanism (CBAM), including on how carbon pricing will be integrated within the new mechanism.
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Here’s why there is no nuclear option for Australia to reach net zero | Alan Finkel

The Guardian - Fri, 2024-03-22 00:00

Any call to go directly from coal to nuclear is effectively a call to delay decarbonisation of our electricity system by 20 years

The battle lines have been drawn over Australia’s energy future.

With the nation signed up to net zero emissions by 2050, the Albanese Labor government is committed to renewables. The Coalition wants nuclear.

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Iberdrola channels large share of €41 bln investment plan to US clean energy

Carbon Pulse - Thu, 2024-03-21 23:48
Spanish energy firm Iberdrola will direct around one-third of a €41 billion investment plan to the US, as it looks to capitalise on subsidies for clean energy solutions.
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Venture capital nature tech investments rise 18% in 2023 with biodiversity credits bets rising

Carbon Pulse - Thu, 2024-03-21 23:45
Nature tech start-ups saw an 18% increase in venture capital (VC) investments in 2023 compared to the previous year, with significant growth in early-stage involvement, especially in the MRV and biodiversity credits category.
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UNFCCC, IEA agree to monitor and promote a 1.5C-aligned energy transition

Carbon Pulse - Thu, 2024-03-21 23:41
The UN climate secretariat and International Energy Agency (IEA) are partnering to track and report on the global energy transition and help countries strengthen their Paris Agreement pledges, the two institutions announced on Thursday.
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Sustainable support for farmers must go further, experts say

Carbon Pulse - Thu, 2024-03-21 23:36
Sustainable finance support for farmers in England needs to expand further, beyond its welcome early structure, to address other areas of the food system, a panel of experts said Thursday.
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Norfolk pub put at risk by ‘Britain’s most flooded road’

The Guardian - Thu, 2024-03-21 23:17

Welney landlord fears business may not survive impact of increasingly lengthy spells of flooding on customer numbers

Dennis Birch estimates his pub loses about £3,000 a week when the road into the village of Welney is closed because of flooding – and this winter, it was closed for a record-breaking 89 days.

Now labelled “the most flooded road in Britain”, Birch said he questions whether the 18th-century Lamb and Flag can survive the impact the flooding has on the number of customers coming through his door.

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African cookstove carbon project developer attracts $18 mln in funding

Carbon Pulse - Thu, 2024-03-21 23:06
A cookstove manufacturer and project developer has attracted $18 million from a carbon investor and a private equity group to fund the production and distribution of cookstoves across Africa that will generate voluntary credits.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-03-21 22:38
European carbon prices fell back to their lowest levels of the week so far on Thursday morning as buying interest continued to wane while falling TTF natural gas also weighed on the EUA market.
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Paris-based carbon accounting firm raises $52 mln in Series B

Carbon Pulse - Thu, 2024-03-21 22:03
A French climate tech startup has raised has raised $52 mln in Series B funding as it seeks to grow a service to help small- and medium-sized businesses track their carbon emissions.
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Global cement emissions to double by the end of the century, research says

Carbon Pulse - Thu, 2024-03-21 21:36
Cement emissions globally, barring from developed regions and China, will remain very high and might even double by the end of the century, a study conducted by a US-based research group revealed Thursday.
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Verra, Gold Standard still not fully approved for voluntary credit eligibility in CORSIA Phase 1

Carbon Pulse - Thu, 2024-03-21 21:22
UN aviation body ICAO has decided to keep several voluntary carbon standards, including Verra and Gold Standard, under 'conditional' approval for Phase 1 of CORSIA, meaning their issuances have not yet been given the green light for the current stage of the international aviation offsetting scheme.
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