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Carbon removal sector booms in 2024 with more sales in H1 than across entirety of 2023

Carbon Pulse - Wed, 2024-07-17 03:46
This year has seen interest in durable carbon removal (CDR) credits soar, with more private sales recorded between January and June than there were across the entirety of 2023, according to a new report.
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Wildlife Works, Everland publish new baseline allocation model for nested REDD carbon projects

Carbon Pulse - Wed, 2024-07-17 03:37
Voluntary carbon project developers Wildlife Works and their brokerage arm Everland have presented a risk-based approach to setting deforestation baselines for ‘nested’ REDD schemes, which they say gives governments the option to allocate areas under higher risk of deforestation to meet jurisdictional climate goals.
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Germany ‘lagging far behind’ on ETS2 implementation, gas industry warns

Carbon Pulse - Wed, 2024-07-17 01:21
The amended Climate Protection Act that was signed into law in Germany on Monday puts pressure on the government to define guidelines for the introduction of the EU's Emissions Trading Scheme for road transport and heating fuels (ETS2), according to the country's gas industry association.
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Germany records biggest ever EU ETS emissions drop

Carbon Pulse - Wed, 2024-07-17 01:00
EU ETS-covered emissions in Germany fell around 18% in 2023 compared to the previous year, the largest decline ever since the EU ETS was established in 2005, according to data published by the German Emissions Trading Authority (DEHSt) on Tuesday.
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Urban food bowls: Brisbane should consume 30% more local food by 2032 Olympics, advocates say

The Guardian - Wed, 2024-07-17 01:00

Sustainable food experts want to revive fragile supply chains by using the games to ‘catalyse conservation’

Sustainable food advocates are calling for the amount of locally grown produce supplied to Brisbane to increase by 30% by the 2032 Brisbane Olympic Games to strengthen the city’s “fragile” supply chains.

But first, they have to figure out how much of Brisbane’s food is currently grown locally.

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Cumbria project will be ‘net zero’, coalmine firm tells high court

The Guardian - Wed, 2024-07-17 00:58

Company insists project should go ahead despite new government saying it had been unlawfully approved

The company behind the first new coalmine in the UK for 30 years has argued in the high court on Tuesday that it would be a “unique net zero” mine.

West Cumbria Mining (WCM) continued to defend the legality of its mine, which will produce 60m tonnes of coking coal in its lifetime, in the court days after the government said its planning permission was unlawful because it had not taken into account downstream emissions from using the coal.

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BRIEFING: Everything you need to know about Trump VP pick JD Vance

Carbon Pulse - Wed, 2024-07-17 00:46
Donald Trump on Monday announced Ohio Senior JD Vance (R) as his vice-presidential candidate, cementing the former president's image as the preferred candidate for the pro-fossil fuels, anti-renewable energy, and climate science-denying US voter base. Here’s a summary of Vance’s record on climate and energy matters.
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307 local authorities processing biodiversity net gain applications in UK, lawyer says

Carbon Pulse - Wed, 2024-07-17 00:28
Some 307 out of 327 local planning authorities are processing applications from developers linked to England’s biodiversity net gain (BNG) scheme, in a sign the market is beginning to function, a lawyer has said.
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Kenyan-based biochar developer aims for expansion after fresh investment

Carbon Pulse - Wed, 2024-07-17 00:12
A Kenyan-based biochar developer has raised $1.3 million to scale operations as it eyes its goal of increasing CO2 removal capacity to 100,000 tonnes a year over the next 18 months.
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Dominican Republic signals Article 6.4 readiness, gears up for Paris carbon trading

Carbon Pulse - Wed, 2024-07-17 00:04
The Caribbean nation, one of Latin America’s more engaged nations on Paris carbon markets, submitted its Article 6.4 ‘host country participation requirements’ document to the UN on Sunday, having already signed early-stage bilateral carbon trading agreements with Singapore in 2023 and Sweden in 2022.
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Amazon deforestation slashed by 83% in areas protected by Indigenous Peoples, study says

Carbon Pulse - Tue, 2024-07-16 23:51
Deforestation rates on Indigenous-managed lands in Brazil's Amazon region are up to 83% lower compared to unprotected areas, a paper has found.
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Study reveals key role of mixed forests in carbon storage, biodiversity

Carbon Pulse - Tue, 2024-07-16 23:41
Forest succession plays a crucial role in carbon sequestration and biodiversity, a new study has found, emphasising the particular importance of mixed tree species in these processes.
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DAC developer gets “mammoth” confidence boost from one of its investors

Carbon Pulse - Tue, 2024-07-16 23:00
The developer of the world’s largest Direct Air Capture (DAC) plant to date has signed a multi-year contract to remove CO2 from the atmosphere for one of its investors, it announced Tuesday.
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Industry experts launch working group for ‘nature positive’ in built environment

Carbon Pulse - Tue, 2024-07-16 22:47
A group of experts has banded together to develop a framework for defining "nature positive" in the built environment industry, aiming to avoid risks of unintentional greenwashing.
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UK commodity house confirms launch of New Zealand carbon trading platform

Carbon Pulse - Tue, 2024-07-16 22:01
A UK trading house has officially announced its presence in New Zealand, with plans to launch carbon trading platform in the country.
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INTERVIEW: Brazil’s interlocking carbon markets work to reconcile

Carbon Pulse - Tue, 2024-07-16 21:57
Brazil must synergise its forthcoming ETS with the preceding RenovaBio carbon pricing scheme linked to biofuels production, according to a Brazilian economist, as regulatory uncertainty, financial speculation, and the unknown socioeconomic consequences of applying the schemes simultaneously provide shaky ground for successful implementation.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-07-16 21:56
European carbon prices were little changed at midday after a morning session in which bulls and bears played tug-of-war, with a firmer gas market supporting EUAs in the face of continued selling pressure.
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EU faces big funding gaps for climate priorities over next five years, report warns

Carbon Pulse - Tue, 2024-07-16 21:06
The EU faces large funding gaps in delivering the priorities of its strategic agenda over the next five years, with climate change alone requiring much bigger investments and capital markets only able to fund about a third of it, according to research published on Tuesday.
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South Indian state to implement ARR projects to protect state’s mangroves

Carbon Pulse - Tue, 2024-07-16 20:46
A coastal state in the southern part of India is planning to implement afforestation, reforestation, and revegetation (ARR) projects to restore and protect mangrove forests in the state, local media reported Tuesday.
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Australia eyes 2025 start for Guarantee of Origin scheme

Carbon Pulse - Tue, 2024-07-16 19:33
Australia is seeking to put legislation in place in time for a late 2025 start for its Guarantee of Origin (GO) scheme, the government said Tuesday.
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