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Suriname eyes biodiversity offsetting in updated national plan

Carbon Pulse - Mon, 2024-07-22 20:23
Suriname has released its updated National Biodiversity Strategy and Action Plan (NBSAP) under the Kunming-Montreal Global Biodiversity Framework (GBF), setting out a broad range of actions to ramp up funding for nature conservation and restoration.
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Malaysian Indigenous group takes governments, palm oil firm to court for breaching land rights, endangering biodiversity -watchdog

Carbon Pulse - Mon, 2024-07-22 20:22
An Indigenous Peoples group in Malaysia’s Pahang state has filed a court case against a palm oil plantation firm as well as the state and federal governments over a proposed palm oil project it says breaches their land rights and endangers wildlife.
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Study finds close balancing act for carbon storage in world’s forests

Carbon Pulse - Mon, 2024-07-22 19:47
The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.
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Permit surplus in China ETS negligible, according to govt data

Carbon Pulse - Mon, 2024-07-22 19:35
The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.
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BRIEFING: ASX Environmental Futures contracts will be a tale of two credit types, carbon market participants say

Carbon Pulse - Mon, 2024-07-22 16:25
The Australian Securities Exchange (ASX) is set to launch futures contracts for the Australian and New Zealand carbon markets later this month, however participants say the level of participation and interest will vary considerably between the two jurisdictions.
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APAC countries should consider complementary policies to ensure effective carbon pricing -IMF

Carbon Pulse - Mon, 2024-07-22 14:05
Policymakers in the Asia Pacific should take into consideration complementary policy options such as power sector reforms and fuel tax changes when drawing up carbon pricing schemes, according to the International Monetary Fund (IMF).
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South Korea to allow for CCUS in ETS accounting

Carbon Pulse - Mon, 2024-07-22 13:59
South Korea has circulated a proposal that would let CO2 removed through carbon capture, utilisation, and storage (CCUS) be deducted from company emissions accounts under the nation’s emissions trading scheme, according to local media reports.
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POLL: Analysts lift EU carbon price forecasts, but expect enduring bearish factors to cap any gains

Carbon Pulse - Mon, 2024-07-22 10:19
Analysts have nudged up their short- and medium-term forecasts for EU carbon allowances, though most repeated expectations that any prices rises will remain limited by weak demand from emitters and ample supply.
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Labour told it will need to defeat ‘net-zero nimbys’ to decarbonise Britain

The Guardian - Mon, 2024-07-22 09:01

Opposition in wealthier areas is likely and overcoming it is essential, says Resolution Foundation

The government will need to “take on net-zero nimbys” and ramp up public investment to decarbonise Britain’s homes, transport and electricity system, a leading thinktank has said.

With Keir Starmer promising a rapid transition to decarbonise the power system by 2030, a report by the Resolution Foundation said achieving the target would require more government spending and private investment.

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Olympics sponsor Toyota emits much more CO2 than host nation, says think tank

Carbon Pulse - Mon, 2024-07-22 08:01
Toyota has been awarded the gold medal for being the highest emitting sponsor of this year's Olympics, responsible for much higher CO2 emissions than host nation France, in an ironic twist for the event claiming to be the 'greenest games yet'.
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Sodium-ion batteries are set to spark a renewable energy revolution – and Australia must be ready

The Conversation - Mon, 2024-07-22 06:22
Sodium-ion batteries are emerging as a new way to firm up the world’s electricity grids - and they could be a game-changer. Peter Newman, Professor of Sustainability, Curtin University Licensed as Creative Commons – attribution, no derivatives.
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The Guardian view on GB Energy: a good idea turns up just in time | Editorial

The Guardian - Mon, 2024-07-22 03:30

Ed Miliband has won the argument that his party must go big to cut carbon emissions. But he will need to go bigger still

Sir Keir Starmer’s legislative plan to green Britain has arrived not a moment too soon. Last week, the government’s advisers warned that only a third of the carbon reductions required by law would be met under existing plans. The Climate Change Committee said that, for the first time since setting itself carbon-reduction targets, the UK is not on track to meet its goal. It is supposed to reduce emissions in 2030 by 68% compared with 1990 levels, to meet net zero by 2050.

The UK should, says the committee, now be in a phase of rapid investment and delivery. But the Tories’ turn against net zero policies has meant little progress on the rollout of low-carbon technology. That is why Labour’s king’s speech, which put the environment at the centre of policymaking, was so welcome. Ed Miliband, the energy secretary, won the argument that the urgency of the climate emergency needed a bigger, more interventionist state.

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