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Survey adds pressure on SBTi to allow voluntary carbon credits to be used for climate targets
Pressure is mounting on the Science Based Targets initiative (SBTi) to recognise the use of voluntary carbon credits in setting and achieving emission targets after a comprehensive survey of large corporations found the move would accelerate their spend in the market by 9% a year.
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Oil and gas companies far off course on Paris goals -report
The world’s largest oil and gas companies are far from aligning with the Paris Agreement’s goals, instead targeting new fossil fuel developments and production in the near term, according to analysis published on Wednesday.
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UPDATE – NZ auction partially clears, spot NZU price falls 17%
The first New Zealand ETS auction for 2024 has partially cleared, with 2.974 million NZUs being sold, the first time the government-run auctions have sold units since Dec. 2022.
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EnergyLab’s Australian Startups Raise $124 Million in Record-
The post EnergyLab’s Australian Startups Raise $124 Million in Record- appeared first on RenewEconomy.
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Even far from the ocean, Australia’s drylands are riddled with salty groundwater. What can land managers do?
We’ve known about dryland salinity for a century. But while we’ve made progress, the problem hasn’t yet been solved.
Nik Callow, Associate Professor - Geography, The University of Western Australia
David Pannell, Professor and Director, Centre for Environmental Economics and Policy, The University of Western Australia
Ed Barrett-Lennard, Professorial fellow, Murdoch University
Richard George, Honorary fellow, The University of Western Australia
Tom Hatton, Adjunct professor, The University of Western Australia
Licensed as Creative Commons – attribution, no derivatives.
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Ella Baron on Banksy, Rishi Sunak and restrictions on climate protest – cartoon
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Researchers advise caution on enhanced rock weathering estimates for CO2 removal
Although enhanced rock weathering has picked up in popularity as a method of CO2 removal, a US-based research group found there was a significant range in its effectiveness across studies and that results should not be taken at face value.
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EU lawmakers divided over new agri policy proposals
Members of the European Parliament appeared divided as they discussed a set of potential new rules for the agri sector in a double meeting with the Commission on Tuesday.
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TotalEnergies buys into US CCS projects with $148 mln Talos Energy deal
TotalEnergies announced on Monday the acquisition of a 25% stake in Bayou Bend carbon capture and storage facility plus shares in two other projects, in a $148 million deal for the CCS subsidiary of Talos Energy.
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UK seeks feedback on biomethane production support, UK ETS integration
The UK is seeking feedback on a policy framework to support biomethane production, including on how to distinguish its emissions from those from fossil gas in the country's ETS.
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Community leaders slam investigation process that led to REDD voluntary carbon project suspension
Community leaders of a Kenyan REDD avoided deforestation voluntary carbon project that was mired by a sexual offences scandal have sternly rebuked the handling of the investigation, alleging disgruntled former employees were offered cash to make statements that were embellished to suit the narrative.
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EU must be open to CBAM changes, says senior lawmaker
The chair of the European Parliament’s international trade committee has called on the EU to be “flexible” with the Carbon Border Adjustment Mechanism (CBAM), saying legislators should be ready to amend the regulation if needed at the end of the transitional period.
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Labour to make fighting global heating a priority for Bank of England
Shadow chancellor to use annual Mais lecture to set out plans to green the economy if party wins election
A Labour government will make fighting global heating a priority for the Bank of England as it seeks to put environmental sustainability at the heart of its plans to grow the economy, Rachel Reeves is to announce.
The shadow chancellor will say in a speech in London on Tuesday evening that if Labour wins the general election she will reverse Jeremy Hunt’s decision last year to downgrade the emphasis on the climate crisis in Threadneedle Street’s main objectives.
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Experts warn against ‘dark side’ of including carbon removals in EU ETS
There is a risk of the “dark side of carbon dioxide removals (CDR) taking over” if technologies to suck CO2 from the atmosphere are included in the EU's Emissions Trading Scheme (EU ETS), experts warned at an event in Brussels on Tuesday.
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Shell spends $86 mln on voluntary carbon projects in 2023
Oil major Shell spent $86 million on voluntary carbon credit-generating projects last year, and saw its retirements rise 275% year-on-year to 21.8 mln.
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Gold Standard to soon require voluntary credit retirements to include purpose, entity information
Gold Standard will update its requirements to comply with those of the Integrity Council for the Voluntary Carbon Market (ICVCM), meaning voluntary carbon credits will need to include data on the entity and purpose of retirement when the action is completed on its registry.
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Danish foundation pledges $1 mln to develop ocean impact metrics for finance
Denmark-based Velux Foundation has allocated $1 million to a newly launched programme aimed at developing metrics to support financial institutions in measuring their impacts and dependencies on oceans, Carbon Pulse has learned.
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Rewilding offers similar CO2 storage potential to new native woodland -study
Projects to rewild habitats offer similar CO2 sequestration rates as new native woodland initiatives over a 19-year period, in addition to better biodiversity outcomes, according to a study of an estate in southern England.
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Canadian asset manager introduces biodiversity screen
A Vancouver-based asset manager has launched an investment screen focused on biodiversity in an effort to align its portfolio with conservation goals.
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London brokerage to expand into New Zealand carbon market via acquisition
A London-based brokerage will acquire a New Zealand energy and carbon firm to offer its international clients better access to the NZ ETS.
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