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RGGI emitters are sole buyers this week, while traders reduce exposure across North American carbon markets

Carbon Pulse - Sat, 2024-04-20 08:06
Traders reduced exposure across North American carbon markets this week except for RGGI compliance entities, according to latest data from the US Commodity Futures Trading Commissions (CFTC) released Friday.
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Supplier sues CO2 pipeline developer for scrapping contract

Carbon Pulse - Sat, 2024-04-20 08:03
A CO2 pipeline developer is being taken to court by one of its suppliers for terminating their agreement, amid increasing opposition from permitters and stakeholders that has delayed construction of a major US project.
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Restoring coastal habitat boosts wildlife numbers by 61% – but puzzling failures mean we can still do better

The Conversation - Sat, 2024-04-20 07:41
Overall, coastal habitat restoration greatly increases animal numbers and diversity. But not all projects deliver the goods and we need to find out why. Michael Sievers, Research Fellow, Global Wetlands Project, Australia Rivers Institute, Griffith University Christopher Brown, ARC Future Fellow in Fisheries Science, University of Tasmania Rod Connolly, Professor in Marine Science, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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Drone video shows Western Australia’s forests dying in heat and drought – video

The Guardian - Sat, 2024-04-20 07:11

Video shows trees and shrubs along Western Australia's south-west coastline turning brown after Perth recorded it hottest and driest six months since records began. There were similar scenes in the state's south-west eucalypt forests in 2010 and 2011 – a major die-back event that prompted more than a dozen studies. Drought-hit forests were hit by fire years later

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FEATURE: G20, not COP29, key to meeting global climate finance needs

Carbon Pulse - Sat, 2024-04-20 03:40
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
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FEATURE: Europe accused of hijacking int’l carbon markets with removal certification

Carbon Pulse - Sat, 2024-04-20 02:35
With its certification for emissions' removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.
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For the first time in decades, the elusive call of the ‘bunyip bird’ returns to Tasmania’s Lagoon of Islands

The Guardian - Sat, 2024-04-20 01:00

Experts celebrate discovery of secretive and endangered Australasian bittern in recently restored wetlands

The “bunyip bird” – named after a mythological river-lurking, human-eating monster – is as elusive as its namesake. Also known as the Australasian bittern, it is heard more often than it is seen.

It means that when bittern expert Geoff Shannon discovered the bird at Tasmania’s recently restored Lagoon of Islands – the first time it had been seen there in 40 years – it was a “very special moment”.

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Western Australia’s eucalypt forests fade to brown as century-old giant jarrahs die in heat and drought

The Guardian - Sat, 2024-04-20 01:00

Dead and dying shrubs and trees – some of which are found nowhere else on Earth – line more than 1,000km across the state’s south-west

A couple of weeks ago, Joe Fontaine stood in the middle of one of Western Australia’s eucalypt forests on another hot and dry day that was stripped of the usually raucous backing-track of bird calls.

“I could hear this scratching-crunching noise coming from the trees,” says Fontaine, a forest ecologist at Perth’s Murdoch University.

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EPA moves to make US polluters pay for cleanup of two forever chemicals

The Guardian - Sat, 2024-04-20 00:20

Superfund law requires industries responsible for PFOA and PFOS contamination in water or soil to pay for cleanup

The Environmental Protection Agency on Friday designated two forever chemicals that have been used in cookware, carpets and firefighting foams as hazardous substances, an action intended to ensure quicker cleanup of the toxic compounds and require industries and others responsible for contamination to pay for their removal.

Designation as a hazardous substance under the Superfund law does not ban the chemicals, known as PFOA and PFOS. But it requires that release of the chemicals into soil or water be reported to federal, state or tribal officials if it meets or exceeds certain levels. The EPA then may require cleanups to protect public health and recover costs that can reach tens of millions of dollars.

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SBTN launches first science-based targets for seafood value chains

Carbon Pulse - Sat, 2024-04-20 00:14
The Science Based Targets Network (SBTN) has launched a corporate pilot to develop the first scientific targets for seafood value chain impacts, ahead of the full roll out in mid-2025.
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Social Carbon consults on upgrades to voluntary standard as it seeks to align with ICVCM

Carbon Pulse - Fri, 2024-04-19 23:37
Social Carbon has opened a consultation on proposed updates to its standard for crediting voluntary projects, as well as the requirements for validation, monitoring, and verification, as it seeks to align with the ICVCM.
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Tech firms launch fund for projects aligned with global biodiversity targets

Carbon Pulse - Fri, 2024-04-19 23:35
A fund for investing in projects that contribute to reaching global biodiversity targets has been launched by an environmental impact platform and a payments network.
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UK Peatland Code likely to stack biodiversity credits with carbon from 2025

Carbon Pulse - Fri, 2024-04-19 22:56
Peatland could generate voluntary biodiversity credits for sale in combination with carbon credits in the UK next year under Peatland Code proposals launched this week.
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Australia’s Clean Energy Regulator writes to Safeguard entities over ACCU compliance concerns -source

Carbon Pulse - Fri, 2024-04-19 22:32
The Clean Energy Regulator has written to entities covered under the Safeguard Mechanism raising concerns that they are not implementing strategies fast enough to meet their compliance obligations ahead of the February surrender deadline, a source has told Carbon Pulse. 
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Ocean spray emits more PFAS than industrial polluters, study finds

The Guardian - Fri, 2024-04-19 21:39

Research into release of ‘forever chemicals’ raises concerns about contamination and human exposure along world’s coastlines

Ocean waves crashing on the world’s shores emit more PFAS into the air than the world’s industrial polluters, new research has found, raising concerns about environmental contamination and human exposure along coastlines.

The study measured levels of PFAS released from the bubbles that burst when waves crash, spraying aerosols into the air. It found sea spray levels were hundreds of thousands times higher than levels in the water.

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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-04-19 21:39
European carbon prices started the day sharply higher on Friday morning as traders reacted to the overnight attack by Israel on Iranian facilities, before falling back as markets appeared to price in a de-escalation of tensions in the region.
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UN livestock emissions report seriously distorted our work, say experts

The Guardian - Fri, 2024-04-19 21:00

Exclusive: Study released at Cop28 misused research to underestimate impact of cutting meat eating, say academics

A flagship UN report on livestock emissions is facing calls for retraction from two key experts it cited who say that the paper “seriously distorted” their work.

The UN Food and Agriculture Organization (FAO) misused their research to underestimate the potential of reduced meat intake to cut agricultural emissions, according to a letter sent to the FAO by the two academics, which the Guardian has seen.

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German biochar firm enters US partnership to coin voluntary carbon credits from wastewater sludge

Carbon Pulse - Fri, 2024-04-19 20:58
A German climate technology firm has entered a partnership in the US to create biochar carbon removals from wastewater sludge disposal.
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India seeks exemption from UK’s CBAM -media

Carbon Pulse - Fri, 2024-04-19 20:51
India is seeking an exemption from Britain's planned carbon adjustment border tax (CBAM) as part of negotiations aiming to finalise a free trade deal with the UK, according to an exclusive in the Guardian newspaper.
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International panel launches second consultation on biodiversity credits

Carbon Pulse - Fri, 2024-04-19 20:25
The International Advisory Panel on Biodiversity Credits (IAPB) has launched its second consultation on the emerging biodiversity market, seeking to gather views on possible basic models.
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