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PREVIEW: Market expects record RGGI Q2 auction clear, but still at discount to front-month futures

Carbon Pulse - Wed, 2024-06-05 09:13
Market participants expect the second RGGI auction of the year to set another historic clearance price, albeit at a discount to secondary market valuations, with many traders projecting a wide range of outcomes in light of regulatory uncertainty in the market.
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Australia wants to become a renewable energy superpower. Can it?

BBC - Wed, 2024-06-05 09:10
The country has come up with an ambitious plan to become the engine room of the new green economy.
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A fifth of Japan’s market capitalisation exposed to nature-related risks, study says

Carbon Pulse - Wed, 2024-06-05 09:01
Nearly 20% of Japan's market capitalisation is highly dependent on nature, with the energy, food, beverage, and tobacco sectors facing the highest risks, a study has found.
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Groundwater is heating up, threatening life below and above the surface

The Conversation - Wed, 2024-06-05 06:07
Groundwater is the largest source of unfrozen freshwater on the planet. Even though it’s underground, climate change is heating this reservoir up. Gabriel C Rau, Lecturer in Hydrogeology, School of Environmental and Life Sciences, University of Newcastle Barret Kurylyk, Associate Professor and Canada Research Chair in Coastal Water Resources, Dalhousie University Dylan Irvine, Outstanding Future Researcher - Northern Water Futures, Charles Darwin University Susanne Benz, Freigeist Fellow, Institute of Photogrammetry and Remote Sensing (IPF), Karlsruhe Institute of Technology Licensed as Creative Commons – attribution, no derivatives.
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Integrate carbon removals into compliance markets to scale demand -Oxford

Carbon Pulse - Wed, 2024-06-05 05:05
More robust policy to support carbon removals (CDR) and integration into compliance markets will be needed to boost demand to the levels needed to meet the Paris Agreement goal, say University of Oxford scientists.
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European energy firm pre-buys 5 mln nature based carbon credits from platform

Carbon Pulse - Wed, 2024-06-05 05:02
A European energy company has bought 5 million nature-based credits from a climate finance company in a bid to lock in fixed prices across the 2030s, according to a release Tuesday.
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By not mining vital minerals, NZ is ‘offshoring its own environmental footprint’ – is that fair?

The Conversation - Wed, 2024-06-05 04:51
Shane Jones’ draft mining strategy is politically divisive. But New Zealand must face the practical and ethical implications of its own reliance on the critical minerals extracted elsewhere. Martin Brook, Associate Professor of Applied Geology, University of Auckland, Waipapa Taumata Rau Licensed as Creative Commons – attribution, no derivatives.
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LATAM debuts homegrown measures to spur carbon markets in 2024

Carbon Pulse - Wed, 2024-06-05 04:48
Latin American governments are looking inward, developing domestic carbon pricing instruments in 2024, in hopes of kickstarting market development where international actors have failed, according to regional experts speaking Tuesday at the Argentina Carbon Forum in Buenos Aires.
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Carbon capture firm unveils new technology in bid to slash costs 50% by 2030

Carbon Pulse - Wed, 2024-06-05 04:19
A direct air capture (DAC) company has unveiled a new iteration of its technology as it aims to scale carbon removal capacity globally and slash costs, also announcing that Australia represented its 'next frontier' as it signalled investment interest in the country.
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Oceans face ‘triple threat’ of extreme heat, oxygen loss and acidification

The Guardian - Wed, 2024-06-05 03:03

Third of world’s ocean surface particularly vulnerable to threats driven by burning fossil fuel and deforestation, new research finds

The world’s oceans are facing a “triple threat” of extreme heating, a loss of oxygen and acidification, with extreme conditions becoming far more intense in recent decades and placing enormous stress upon the planet’s panoply of marine life, new research has found.

About a fifth of the world’s ocean surface is particularly vulnerable to the three threats hitting at once, spurred by human activity such as the burning of fossil fuels and deforestation, the study found. In the top 300 meters of affected ocean, these compound events now last three times longer and are six times more intense than they were in the early 1960s, the research states.

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Carbon markets could unlock private green finance, but greater integrity needed

Carbon Pulse - Wed, 2024-06-05 01:54
The perception of risk remains a significant roadblock to scaling private climate finance - especially in developing countries - but stronger policies and international standards for carbon pricing would help to unlock bigger and faster flows, a conference heard.
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Record number of companies set to release data on climate disclosure platform

Carbon Pulse - Wed, 2024-06-05 01:14
A record number of companies are expected to release their data on a new climate disclosure platform, which has been designed to simplify corporate sustainability reporting and aid firms in aligning with emerging global standards.
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SBTN flags challenges with setting nature-based targets for cities

Carbon Pulse - Wed, 2024-06-05 01:07
The Science Based Targets Network (SBTN) highlighted challenges in its development of nature-based targets for cities including skills, data, and geographical differences on Tuesday.
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As global heating cuts Australia’s snowfall ski season may go downhill, report warns

The Guardian - Wed, 2024-06-05 01:00

‘The webcams do not lie,’ says Annalisa Koeman, whose family has been operating a mountain lodge for decades

Bookings have been slow ahead of the ski season at the mountain lodge in Thredbo that Annalisa Koeman’s parents built in the 1960s and have run ever since.

Last ski season started with some good snow falls “but it went downhill from there. It was a disastrous end. The ski lifts closed two weeks early,” says Koeman, managing supervisor at Kasees Apartments and Mountain Lodge.

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INTERVIEW: Polish government moving ahead with plans to create separate coal entity, PGE vice-president says

Carbon Pulse - Wed, 2024-06-05 00:16
Poland’s state-owned power company has urged the country’s government to move forward with mooted plans to transfer coal assets to a state-backed entity, saying ageing and highly emitting coal plants were causing losses for the utility.
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Scotland backs standard for community benefits in nature projects

Carbon Pulse - Tue, 2024-06-04 23:45
The Scottish government has backed a project to produce a certification standard for community participation in nature projects, with a wide net of collaborators spanning the private and public sectors.
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Farmers stage last protest in Brussels ahead of EU elections

Carbon Pulse - Tue, 2024-06-04 23:39
Some 500 tractors descended in Brussels on Tuesday to protest against green regulations and EU bureaucracy ahead of the European elections on June 6-9, but with fewer participants than expected and amid accusations of politicisation by the far-right.
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Dangerously hot conditions expected as heatwave strikes south-west US

The Guardian - Tue, 2024-06-04 23:02

Area from south-east California to central Arizona see will extreme heat, with temperatures topping out at 113F in Phoenix

Parts of California, Nevada and Arizona are expected to bake this week as the first heatwave of the season arrives with triple-digit temperatures forecast for areas including Phoenix, which last summer saw a record 31 straight days of at least 110F (43.3C).

By Wednesday, most of an area stretching from south-east California to central Arizona will see “easily their hottest” weather since last September, and record daily highs could be seen from Las Vegas to Phoenix, the National Weather Service said late on Monday.

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Scientist warns against voluntary carbon scandals slowing rainforest conservation

Carbon Pulse - Tue, 2024-06-04 22:00
A scientist featured as part of media reporting on scandals in the voluntary carbon market has warned against letting the pervasive negative criticism impact rainforest conservation, outlining a 'medium term' role for REDD+ credits.
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