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RGGI Market: Trader interest wears thin even as RGAs test $21

Carbon Pulse - 1 hour 36 min ago
RGGI Allowances (RGA) tested $21 levels over the last week in thin activity as traders await outcome of elections for new legislatures to make progress on proposed programme changes.
Categories: Around The Web

Canada slightly blunts emissions cap on oil and gas sector

Carbon Pulse - 2 hours 1 min ago
Canada opts for a marginally less stringent regulation of oil and gas emissions with compliance flexibilities in its draft regulations published Monday, targeting a 35% reduction in sector emissions by 2030.
Categories: Around The Web

Brazilian REDD+ frameworks must address planned deforestation risk – developers’ group

Carbon Pulse - 2 hours 30 min ago
A group of Brazil-based nature-based solutions carbon credit project developers said in a technical note last week that the development of jurisdictional REDD+ approaches (J-REDD+) in the country must better address the risk of planned deforestation.
Categories: Around The Web

'Nuclear will drive up the cost of electricity': Matt Kean clashes with former colleagues – video

The Guardian - 2 hours 57 min ago

Former NSW Liberal energy minister Matt Kean debated his former Coalition colleagues about the cost of nuclear power in a parliamentary estimates hearing on Monday. Now chair of the Climate Change Authority, Kean debated Nationals senator Ross Cadell over CSIRO analysis which found nuclear was the most expensive form of large-scale energy available

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Categories: Around The Web

Alberta releases draft update of CCS offset protocol for public comment

Carbon Pulse - 3 hours 21 min ago
Alberta’s environmental ministry has released a draft of its proposed changes to a protocol for offset generation from CO2 capture and sequestration projects for a 30-day public comment period.
Categories: Around The Web

Europe’s big banks have ‘incoherent’ climate plans -report

Carbon Pulse - 3 hours 52 min ago
Europe's largest banks have climate plans that are low in ambition and "incoherent", a report published by a British NGO on Tuesday has found.
Categories: Around The Web

BASF, Exterra join forces to explore building CCS project in Quebec

Carbon Pulse - 4 hours 16 min ago
BASF and Exterra Carbon Solutions have signed a memorandum of understanding (MoU) to explore the deployment of a commercial-scale carbon capture and storage (CCS) project in Quebec.
Categories: Around The Web

LATAM Roundup: Countries press pause, press on, press regulation

Carbon Pulse - 4 hours 36 min ago
The week ending Nov. 3 saw hugely varied news for carbon markets in Latin America and Caribbean, alternately accelerating and decelerating market development in core and emerging markets like Brazil, Argentina, and Panama.
Categories: Around The Web

EU’s trade commissioner seeks to balance open-door policy with protections -commissioner designate

Carbon Pulse - 5 hours 6 min ago
The EU is open for global trade, but it also needs to remain vigilant of protecting its own interests against cheaper and less sustainable rivals, the European commissioner-designate for trade and economic security, interinstitutional relations, and transparency said during the first day of European Parliament hearings on Monday.
Categories: Around The Web

US ELECTIONS: New chapter opens for EU climate diplomacy with fresh challenges, experts say

Carbon Pulse - 8 hours 38 min ago
The US presidential elections on Nov. 5 will open a new chapter for climate diplomacy in the European Union, whoever the winner is, with fresh challenges ahead, experts told Carbon Pulse.
Categories: Around The Web

Yes, burning gas is bad for the climate. But keeping it in Australia’s energy mix is sensible

The Conversation - 8 hours 51 min ago
Gas-fired power plants can keep energy reliable and affordable. But they should be used only when absolutely necessary. Roger Dargaville, Director Monash Energy Institute, Monash University Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

VCM Report: CORSIA impact yet to appear despite approval of major carbon standards

Carbon Pulse - 9 hours 10 min ago
Four more carbon registries were granted eligibility for Phase 1 of the CORSIA international aviation offsetting scheme last week, although the kick-start in demand is likely to be more of a slow burner, sources said, with interest in voluntary credits still lacklustre.
Categories: Around The Web

US ELECTIONS PREVIEW – PART 4: CO2 pipelines dominate US Heartland environmental policy discourse ahead of elections

Carbon Pulse - 9 hours 23 min ago
In the US Heartland CO2 pipeline controversy has brought glimmers of environmental policy to the region otherwise dominated by Republican trifectas, none of which are expected to shift at the upcoming November elections.
Categories: Around The Web

US ELECTIONS PREVIEW – PART 2: Close US Senate races in ex-RGGI states could shift balance of power in Congress

Carbon Pulse - 9 hours 58 min ago
US Northeast and Mid-Atlantic RGGI member states that are Democrat strongholds are mostly expected to retain their trifecta status at the upcoming elections, presumably allowing for continued design and passage of carbon market programmes in 2025.
Categories: Around The Web

NFU rejects Treasury claim that 72% of farms won’t pay inheritance tax

The Guardian - 10 hours 9 min ago

Union says Defra figures show far more farmers will be hit by budget proposal and warns of ‘militant protest’ to come

The government argument that just one-third of farmers will be affected by the new inheritance tax rules is in direct conflict with data produced by the its own environment department, according to the head of the farmer’s union, as the row over inheritance tax for farmers continued.

The announcement in Rachel Reeves’s budget last week of plans to remove the Agricultural Property Relief inheritance tax exemption from farms worth more than £1m has been met with a storm of fury from across the farming industry and suggestions of “militant protest”.

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Categories: Around The Web

PREVIEW: Southern Republicans to continue pursuit of CCS, IRA investments after US elections

Carbon Pulse - 10 hours 36 min ago
Southern US Republican lawmakers are expected to retain a grip on state legislatures in the region after the November elections, while continuing to avail of clean technology investments spurred by the Inflation Reduction Act (IRA), and promoting carbon capture and storage (CCS) in the region.
Categories: Around The Web

Drax pushes back on findings that BECCS system will increase UK emissions until 2050

Carbon Pulse - 10 hours 52 min ago
UK power company Drax is disputing research suggesting that its bioenergy with carbon capture and storage (BECCS) system, using wood pellets sourced from Drax’s southern US mills, would lead to a rise in CO2 levels until around 2053, compared to a scenario without the technology.
Categories: Around The Web

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