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RGGI allowance surplus grew in 2023, report shows

Carbon Pulse - Fri, 2024-05-24 09:21
The RGGI carbon market saw its permit bank surplus expand slightly in 2023, according to a report published Thursday.
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US court green lights oil major’s case against investor-driven climate action

Carbon Pulse - Fri, 2024-05-24 09:15
A US federal judge on Wednesday dismissed a request from an investment advisory firm to halt an oil major’s lawsuit against shareholders over their calls for stronger climate targets.
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Republican state AGs ask US Supreme Court to prohibit fossil fuel damages lawsuits

Carbon Pulse - Fri, 2024-05-24 08:58
A group of 19 US Republican state attorneys generals (AGs) filed a petition Wednesday asking the nation's highest court to prohibit efforts by Democratic-led states to hold oil producers financially liable for the climate impacts of fossil fuels.
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Why knock down all public housing towers when retrofit can sometimes be better?

The Conversation - Fri, 2024-05-24 06:13
Our research shows decisions on the fate of public housing towers that are based on a proper process of considering all the evidence could go either way: demolish and rebuild, or retrofit. Trivess Moore, Associate Professor, School of Property, Construction and Project Management, RMIT University David Kelly, Vice Chancellor's Postdoctoral Fellow, RMIT University Ralph Horne, Associate Deputy Vice Chancellor, Research & Innovation, College of Design & Social Context, RMIT University Robert Crawford, Professor of Construction and Environmental Assessment, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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A new ruling says countries – including NZ – must take action on climate change under the law of the sea

The Conversation - Fri, 2024-05-24 06:13
Any decision to authorise offshore drilling and other activities contributing to climate change will now need to be assessed under the law of the sea in addition to international climate agreements. Karen Scott, Professor in Law, University of Canterbury Licensed as Creative Commons – attribution, no derivatives.
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INTERVIEW: Puro CEO sees strong but bounded role for carbon removals in compliance markets

Carbon Pulse - Fri, 2024-05-24 04:20
Carbon removals (CDR) could contribute meaningfully to compliance carbon pricing systems but they should be limited to a certain percentage of total emissions permits and may be subdivided by durability, Puro.earth CEO Antti Vihavainen told Carbon Pulse.
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Cambridge scientists latest to claim ‘green cement’ crown

Carbon Pulse - Fri, 2024-05-24 03:19
Boffins from Cambridge University in the UK have become the latest to claim the green cement mantle with their idea of “electric recycling of Portland cement” featuring on BBC news this week, adding to the growing band of innovators seeking an emissions solution for the hard-to-abate industry.
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Zero Carbon Systems buys DAC startup Global Thermostat for “tens of millions of dollars”

Carbon Pulse - Fri, 2024-05-24 02:22
Zero Carbon Systems has acquired Global Thermostat, one of the first direct air capture (DAC) startups, in a deal valued at tens of millions of dollars.
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UK fund secures £20 mln for early-stage climate tech ventures in Europe

Carbon Pulse - Fri, 2024-05-24 02:06
A UK venture capital firm has successfully closed a £20 million funding round to invest in European pre-seed and seed-stage companies developing scientific solutions for decarbonisation.
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RePlanet announces partnership to create blockchain biodiversity credits marketplace

Carbon Pulse - Fri, 2024-05-24 01:49
A blockchain marketplace for enabling transparent sales of biodiversity credits is almost ready to begin selling, following a partnership between credit developer RePlanet with a certification organisation and a blockchain company, Carbon Pulse has learned.
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Hungary to prioritise green transition when holding EU presidency

Carbon Pulse - Fri, 2024-05-24 01:19
Hungary’s energy and climate minister said the country will focus on advancing the green transition across the 27-nation bloc, as among the top climate and energy priorities during its turn with the EU presidency from July until year end.
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Atlantic to get 'extraordinary' hurricane season

BBC - Fri, 2024-05-24 00:50
There could be up to seven major hurricanes of category three or higher this season, many more than usual.
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Petrobras presses on with support for nature-based voluntary carbon projects

Carbon Pulse - Fri, 2024-05-24 00:35
Nature-based voluntary carbon projects, such as reforestation in the Amazon, are cost-effective and critical for the planet with known and manageable risks, with Petrobras now developing its credit strategy focused on the sector, an executive of a Brazilian oil company told a conference Thursday.
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NatureMetrics launches free business performance scoring tool

Carbon Pulse - Thu, 2024-05-23 23:47
Biodiversity monitoring company NatureMetrics has launched a free tool for businesses to score their nature performance by answering a series of questions.
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UK ETS consults on integrating carbon removals

Carbon Pulse - Thu, 2024-05-23 23:15
Britain would place supply controls on greenhouse gas removals (GGRs), while keeping the gross cap that is in place for UK Allowances (UKAs), in the early years of their potential integration into the ETS, as proposed in a public consultation launched Thursday.
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Alarm as German climate activists charged with ‘forming a criminal organisation’

The Guardian - Thu, 2024-05-23 22:32

Action against Letzte Generation could have ‘immense chilling effect’ on climate protest, campaigners say

Five members of Letzte Generation, Germany’s equivalent to Just Stop Oil, have been charged with “forming a criminal organisation”, a move civil rights campaigners say could in effect criminalise future support for the climate campaign.

Mirjam Herrmann, 27, Henning Jeschke, 22, Edmund Schulz, 60, Lukas Popp, 25, and Jakob Beyer, 30, were charged under section 129 of the German criminal code. It is believed to be the first time the law has been applied to a non-violent protest group.

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European markets regulator proposes tightened emissions allowance trading controls

Carbon Pulse - Thu, 2024-05-23 22:12
Europe’s financial markets regulator has launched a consultation on proposed amendments to technical standards for commodity derivatives, including enhanced position management controls and reporting requirements for venues offering trading in emissions allowances.
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