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Carmakers ramp up pressure on chancellor for EV sales subsidies

The Guardian - 3 hours 16 min ago

Bosses say cost of complying with zero-emission vehicle mandate is ‘astronomical, and unsustainable’

UK electric car sales hit a record high in September, even as bosses from big carmakers told the chancellor that government targets were putting too much pressure on the industry.

The British industry sold 56,300 electric cars during the month, the highest on record, according to preliminary data published by the Society of Motor Manufacturers and Traders (SMMT), a lobby group.

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Australian carbon, biodiversity offset developer raising capital for Queensland assets

Carbon Pulse - 4 hours 41 min ago
An Australian investment manager is raising A$6.6 million ($4.5 mln) for a fund that purchases agricultural land for carbon and biodiversity offset projects.
Categories: Around The Web

WCI Markets: ARB rulemaking update expectations drive up CCAs amidst inexplicable WCA rally

Carbon Pulse - 4 hours 55 min ago
Anticipation for the next stage in ETS rulemaking lifted California Carbon Allowance (CCA) prices in the secondary market over the last five sessions, while the $10 rally over the last two weeks in Washington Carbon Allowances (WCAs) continues to confound traders.
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Canadian cement manufacturer targets emissions reductions with $38 mln low-carbon fuel investment

Carbon Pulse - 4 hours 57 min ago
A major cement producer commissioned Thursday a $38 million low-carbon fuel facility at its Alberta cement plant, anticipated to replace up to 50% of the site’s gas usage and reduce 30,000 tonnes of CO2 annually.
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WCI compliance instrument surplus exceeds 400 mln in Q3, while entities close accounts

Carbon Pulse - 5 hours 18 min ago
The WCI compliance instrument surplus once again picked up in Q3 ahead of the November true-up deadline, although account holders declined over the timeframes in light of general market participants' exit.
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Global climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries

Carbon Pulse - 6 hours 58 min ago
One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.
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Mexican nature-based projects not yet meeting demand for high-integrity credits, consultant says

Carbon Pulse - 7 hours 9 min ago
The quality of carbon credits generated by forest carbon projects in Mexico are not meeting the market’s new demands for high quality offsets, a Mexican project consulting firm said Thursday.
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Labour to commit almost £22bn to fund carbon capture and storage projects

The Guardian - 8 hours 15 min ago

Investment will fund two CCS clusters – but environmental campaigners have criticised plans

Rachel Reeves is paving the way for a multibillion-pound increase in public-sector investment at the budget after the government announced plans to commit almost £22bn over 25 years to fund carbon capture and storage projects.

In what is expected to be one of the biggest green spending promises of the parliament, the chancellor, prime minister and the energy secretary, Ed Miliband, will unveil the details on a visit to the Liverpool city region on Friday declaring a “new era” for clean energy jobs.

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Rare brightening comet seen passing Earth from Hawaii

BBC - 9 hours 14 min ago
Scientists estimate the last time Comet Tsuchinshan-ATLAS visited our solar system was 80,000 years ago.
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Rwanda, Sweden plan Article 6 cooperation

Carbon Pulse - 10 hours 1 min ago
The Swedish Energy Agency (SEA) and the Rwandan Ministry of Environment signed an MoU on Thursday for a cooperative partnership under Article 6 of the Paris Agreement.
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Vermont details study of potential state cap-and-invest programme

Carbon Pulse - 10 hours 5 min ago
Vermont officials held a public webinar Thursday detailing their legislatively-mandated study on the potential of a state cap-and-invest programme to drive greenhouse gas (GHG) emissions reductions.
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EU ETS non-compliance rate dips following surrender deadline extension

Carbon Pulse - 10 hours 12 min ago
The share of EU ETS-regulated installations and aircraft operators that are in non-compliance with the scheme has dropped below 3% for the first time in four years, after the annual permit surrender deadline was extended by five months.
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