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Gas projects, Safeguard requirements will struggle to co-exist in LNG hotspot, report cautions

Carbon Pulse - Wed, 2024-10-02 23:10
An expected supply squeeze in Australia’s carbon credit market is set to create challenges for gas producers in its westernmost state whose major LNG ambitions have few options for meeting Safeguard Mechanism requirements beyond buying offsets or investing in CCS, according to a report released Wednesday.
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‘Shortcomings’ in EU’s CRCF could lead to overestimated credits, report says

Carbon Pulse - Wed, 2024-10-02 22:24
Flaws in baseline assumptions and inadequate long-term monitoring could lead to overestimated carbon credits under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, previously known as the Carbon Removal Certification Framework, according to new research.
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New Forests plans to expand African biodiversity credit preparations

Carbon Pulse - Wed, 2024-10-02 21:57
Global forest investor and management firm New Forests is preparing to expand its biodiversity credit baselining work in Sub-Saharan Africa, according to an company executive.
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Pipeline of low-emission hydrogen projects at risk, warns the IEA

Carbon Pulse - Wed, 2024-10-02 21:49
Expectations of a low-emission hydrogen boom by the end of the decade could be dashed because a “significant part of the project pipeline” faces delays and cancellations, warns the International Energy Agency (IEA).
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-10-02 21:45
EU carbon prices endured a fourth day of losses as buying activity was little in evidence amid weakness across the energy complex, while weekly position data showed investment funds cutting their bearish bets by around a third, and UK Allowances extended their decline for an eighth day.
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Study flags shortfalls in compensation for lost protected areas

Carbon Pulse - Wed, 2024-10-02 21:18
Existing gaps in compensation for lost or downgraded protected areas (PAs) threaten to hamper the achievement of global biodiversity targets, according to a recent paper.
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US de-extinction firm raises $50 mln to launch wildlife protection nonprofit

Carbon Pulse - Wed, 2024-10-02 21:00
A US-based biotechnology and genetic engineering firm has secured $50 million to launch a foundation with the aim of driving innovation in species protection, it announced Tuesday.
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Korean companies to launch N2O project in Egypt, target nitric production

Carbon Pulse - Wed, 2024-10-02 19:33
A South Korea-based project developer and a chemical company have teamed up to pursue an N2O project in Egypt in a bid to generate Article 6 carbon credits from reducing emissions associated with nitric production.
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EU’s upcoming Clean Industrial Deal starts to take shape

Carbon Pulse - Wed, 2024-10-02 18:58
Due to be unveiled within 100 days after the new European Commission takes office, the Clean Industrial Deal will focus on five key priorities, and put energy-intensive industries like steel and chemicals in the spotlight, a senior EU official has said.
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Verra’s review process of Southern Cardamom REDD+ project raises independence, structural concerns, says human rights group

Carbon Pulse - Wed, 2024-10-02 18:43
Verra's review of the Southern Cardamom REDD+ (SCRP) project that led to its suspension being lifted relied heavily on the findings and claims made by its proponent, raising questions about its independence and presenting structural issues in the standard's environmental and social requirements, according to the human rights group that investigated the activity.
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INTERVIEW: Australian companies can gain competitive advantage by thoroughly reporting against new mandatory climate requirements

Carbon Pulse - Wed, 2024-10-02 18:42
Australian companies are likely to ensure their climate-related reporting is as rigorous as possible as a way to stand out from their competitors, with the new requirements to act as a tailwind for carbon and renewable energy certificate markets, an executive at a market infrastructure provider told Carbon Pulse.
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ARB drops second LCFS 15-day notice near midnight Eastern to minimise market impact

Carbon Pulse - Wed, 2024-10-02 18:34
California regulator ARB slipped a second 15-day package late into the night Tuesday with updates to its Low Carbon Fuel Standard (LCFS) that included an additional feedstock under the contentious crop-based cap, sustainability attestation, and stretched crediting periods for some avoided biomethane projects, among other changes.
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Korean refiner seeks commercialisation of membrane technology in carbon capture process

Carbon Pulse - Wed, 2024-10-02 17:12
One of South Korea's biggest refiners is seeking to commercialise a new membrane technology, as it seeks to tap into the international carbon capture, utilisation, and storage (CCUS) market.
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Floods are wreaking havoc around the world. Vienna might have found an answer | Gernot Wagner

The Guardian - Wed, 2024-10-02 16:00

The Austrian capital has been spared the worst of recent flooding. Its experience could be a lesson in how to tackle the climate crisis

Floods are seemingly unavoidable these days. Florida, North Carolina, Nigeria, Tunisia, Mexico, India, Nepal, Vietnam, Poland and Austria are among the places that have experienced flooding in the last month. Those floods should no longer come as much of a surprise. Climate change leads to more frequent and intense rain almost everywhere on the planet, and most infrastructure, from roads and bridges to canals and hydroelectric dams, is simply not built to withstand such extremes.

That’s where Vienna stands out. The floods that have deluged central Europe over the past two weeks caused plenty of disruptions in Lower Austria, including to a newly built train station meant to connect the burgeoning suburbs to the city. But aside from some disruption to Vienna’s otherwise well-functioning subway system, Viennese homes were largely spared. Why? It’s not because Vienna sits on higher ground than the surrounding areas (by and large it does not). The reason the city escaped the worst of the floods is because of human engineering and political foresight dating back to the 1960s, which emerged in response to earlier floods that devastated parts of the city.

Gernot Wagner is a climate economist at Columbia Business School. He is a member of the scientific advisory board of the Wiener Klimarat, Vienna’s climate council

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ETS, CCS collaboration should be on the table at Starmer-von der Leyen summit -think tank

Carbon Pulse - Wed, 2024-10-02 14:50
A UK and EU ETS tie-up, as well as enhanced collaboration on carbon capture and storage (CCS), are among a number of policies that a think tank has recommended for discussion when UK Prime Minister Keir Starmer and European Commission President Ursula von der Leyen meet on Wednesday.
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