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Is Iceland entering a new volcanic era?
Scientists think eruptions on the Reykjanes Peninsula could continue for decades or even centuries.
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Bushfire survivors call for communities to support shift to renewables
The post Bushfire survivors call for communities to support shift to renewables appeared first on RenewEconomy.
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Speculators take profits across North American carbon markets, emitters make modest additions
Regulated entities increased net holdings of California Carbon Allowances (CCAs) and RGGI Allowances (RGAs), while speculators reduced net length across North American carbon markets, data published by the US Commodities Futures Trading Commission (CFTC) Friday showed.
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Global carbon markets post 2% increase in value in 2023 -analysts
Global carbon markets expanded for a fifth straight year in 2023, though the 2% annual growth rate was significantly slower compared to the prior year, analysts said.
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California carbon market watchdog urges ARB to initiate Washington linkage process
California should initiate a process of linkage with Washington’s carbon market, undertake a series of reforms in its greenhouse gas (GHG) accounting, keep affordability of emissions reductions in mind, and outline carbon management guardrails to achieve its statewide GHG reduction goals, an annual ARB watchdog report published Friday argued.
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Dinosaur Island: 40 years of discoveries on Skye
In 1984 the presence of dinosaur fossils in Scotland was confirmed for the first time.
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Researchers reiterate insufficiency of California forest offset buffer pool
California fires have burned through nearly a third of ARB’s offset buffer pool reserves intended to compensate for losses from wildfires for 100 years, researchers said in a blog post Thursday, adding to a string of similar concerns voiced over the years.
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Italian climate-tech firm partners with energy major, US startup on Norway marine CDR pilot project
An Italian decarbonisation technology firm has joined forces with a US-headquartered ocean carbon capture startup and a European energy major to launch a pilot removals project in Norway.
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Atlantic Ocean circulation nearing ‘devastating’ tipping point, study finds
Collapse in system of currents that helps regulate global climate would be at such speed that adaptation would be impossible
The circulation of the Atlantic Ocean is heading towards a tipping point that is “bad news for the climate system and humanity”, a study has found.
The scientists behind the research said they were shocked at the forecast speed of collapse once the point is reached, although they said it was not yet possible to predict how soon that would happen.
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Canadian offset financier announces new reforestation offtake agreement
A Toronto-headquartered voluntary carbon credit financier announced Friday that it has signed a streaming agreement for some 92,000 credits with a Seattle-based reforestation company.
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Sleepless in Baku: Signs emerge of COP29 hotel price gouging
Many hotels in Baku have paused selling rooms for this year’s COP29 climate summit, triggering fears of imminent, government-mandated price hikes, while costs to book other accommodations have skyrocketed.
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EU nations postpone vote on due diligence for corporate climate neutrality plans
European ambassadors decided to postpone a vote, scheduled for Friday, on a bill setting due diligence rules for large companies, including an obligation to adopt Paris Agreement-aligned climate plans.
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European Parliament to vote on corporate voluntary carbon credit use
Members of a joint European Parliament committee will vote on rules regulating the use of carbon credits by EU companies next week, including whether those from schemes outside the bloc will be accepted, according to a draft document seen by Carbon Pulse.
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The risks and opportunities of stacking with UK biodiversity net gain -lawyer
The sale of different ecosystem services from the same piece of land, known as ‘stacking’, could be a key way for farmers to maximise their returns via the UK biodiversity net gain (BNG) scheme when managed correctly, a lawyer has said.
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Barclays tightens guardrails around oil and gas, promotes energy transition
Barclays will end direct finance to upstream oil and gas expansion projects and require energy clients to set methane reduction targets under its latest climate statement, though critics say the plan doesn't go far enough.
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Puro updates voluntary carbon removals rules to align with ICVCM, CORSIA
A voluntary carbon removals standard has updated its rules in a bid to align with the UN's CORSIA international aviation offsetting scheme as well as the Integrity Council for Voluntary Carbon Markets (ICVCM)’s stamp of quality, the company announced.
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Qatar LNG supply deal will make India dependent on fossil imports, say experts
The recent long-term liquefied natural gas (LNG) supply deal between QatarEnergy and India’s Petronet will increase the South Asian nation’s dependence on fossil fuel imports, though it will help India ensure its energy security, according to experts.
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Ghana on collision course with UN as it presses ahead with cookstoves emissions calculation
Ghana will press ahead with its own calculation for crediting emissions reductions from cookstoves projects by the end of the second quarter, the African country revealed this week, in a move that could clash with UN plans to create a global carbon standard for the thorny issue.
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GBF Fund lays groundwork for nature funding applications
The Global Biodiversity Framework Fund (GBFF) Council has set out the rules for allocating resources to nature conservation projects, taking a major step forward in enabling the fund to run in full swing.
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Several voluntary carbon programmes “very close” to CORSIA Phase 1 eligibility, says UN aviation body
Some voluntary carbon programmes are "very close" to being approved by the UN's aviation body ICAO for the first phase of its CORSIA international offsetting scheme, the chair of a technical body said on Friday.
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