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A quarter of existing forests could be converted into agricultural lands by 2100, study says

Carbon Pulse - Fri, 2024-08-30 00:25
Over a quarter of existing forests worldwide, 320 million hectares, could become agriculturally productive by the end of the century due to the effects of climate change, with potentially grave impacts on biodiversity, a paper said on Thursday.
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South Australia ringfences over A$11 mln to support nature restoration on private lands

Carbon Pulse - Fri, 2024-08-30 00:23
South Australia has announced the allocation of A$11.4 million ($8 mln) in grants to help landowners enhance and protect nature within their properties.
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INTERVIEW: Plastics inventor eyes ‘carbon-negative’ SAF using carbohydrates as feedstock

Carbon Pulse - Thu, 2024-08-29 23:16
The inventor behind the commercialisation of biodegradable plastic has turned his hand to scaling up sustainable aviation fuel (SAF), and says that producing from corn carbohydrates can be 'carbon negative', lower cost, and more energy efficient than using CO2 as a feedstock.
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ETS2 can soften impact of EU tariffs on Chinese electric cars, experts say

Carbon Pulse - Thu, 2024-08-29 23:04
The EU needs to advance preparations for its upcoming carbon market for road transport and heating fuels, known as ETS2, as new tariffs on Chinese electric vehicles may convert into higher costs for consumers, experts told Carbon Pulse.
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Rising unilateralism from big players threatening Article 6 carbon markets, report argues

Carbon Pulse - Thu, 2024-08-29 22:55
Article 6 is under threat from rising unilateralism, especially from some of the most influential parties, while isolated efforts to raise integrity in the voluntary carbon market will not be enough, a new report has argued, urging countries to unite around UN carbon markets to drive sufficient climate finance to meet the Paris Agreement goals.
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DATA DIVE: Brazil by far the most affected by Verra’s new consolidated REDD+ carbon methodology

Carbon Pulse - Thu, 2024-08-29 22:46
Brazil’s carbon sector is set to be most affected by the changes to the REDD+ project assessment methodologies by credit certifier Verra, according to new data analysis carried out by Carbon Pulse.
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New UK govt drops legal defence of oil and gas field licences

Carbon Pulse - Thu, 2024-08-29 22:34
The Labour Party-led UK government, in power since July, will not defend against green groups’ legal challenges to the previous Conservative government’s oil and gas licences for two major new sites off the coast of Scotland, it announced on Thursday.
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Ed Miliband’s withdrawal of legal backing puts UK oil and gas projects in doubt

The Guardian - Thu, 2024-08-29 21:53

Government says it will not challenge reviews of approval given to controversial Jackdaw and Rosebank fields

The future of two of the UK’s most controversial oil and gas projects has been thrown into doubt, after the energy secretary, Ed Miliband, withdrew government support for the companies in two legal cases brought by campaigners.

The Jackdaw oilfield, operated by Shell, was given approval in 2022, and Greenpeace applied for a judicial review shortly after the decision. Last year, the previous Conservative government gave the green light to Equinor-operated Rosebank, the UK’s biggest untapped oilfield, against the recommendation of climate advisers. Greenpeace and Uplift demanded a judicial review, arguing that the approval was incompatible with the UK’s legally binding climate commitments, and saying that ministers’ original analysis ignored the devastating impact of burning oil from the site.

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UK may unveil tougher emissions targets at Cop29 climate summit

The Guardian - Thu, 2024-08-29 21:47

Campaigners hail Labour’s ‘proactive approach’ after series of policy U-turns under Conservatives

The UK government is considering making further commitments on cutting greenhouse gas emissions, likely to be announced at the UN climate summit this year.

It is hoped the plan will help kickstart global ambitions on cutting emissions and encourage other countries to follow suit.

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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-08-29 21:28
European carbon prices slipped back to test a support level from the start of the week amid weaker natural gas prices, shrugging off the strongest auction in three weeks as EU-wide emissions continued to decline, while UK Allowances rose to a seven-week high.
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Carbon ratings agency announces new engagement push across emerging markets

Carbon Pulse - Thu, 2024-08-29 21:27
A carbon ratings agency is to make its headline ratings available on a Latin America-based registry platform, aiming to increase engagement in emerging markets.
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Half of countries have degraded freshwater, UN says

Carbon Pulse - Thu, 2024-08-29 21:22
Half of the countries in the world have at least one type of freshwater ecosystem in a state of degradation, following impacts on lakes and mangroves, UN bodies said on Wednesday.
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BECCS champion Drax agrees to pay £25 mln after regulator finds gaps in wood pellet sourcing

Carbon Pulse - Thu, 2024-08-29 21:12
British power company Drax has agreed to pay £25m to a voluntary redress fund after the UK energy industry regulator found it had submitted inaccurate sustainability data on the sourcing of wood pellets for its biomass plant in north Yorkshire, it said Thursday.
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INTERVIEW: Refiners see limited growth in e-fuels, bet on advanced biofuels

Carbon Pulse - Thu, 2024-08-29 21:10
European refiners have low expectations for e-fuels production by 2030 and are instead planning to develop advanced biofuels to meet EU climate goals, the sector’s trade association told Carbon Pulse in an interview.
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INTERVIEW: Marine biodiversity credit project reduced in size to ensure integrity

Carbon Pulse - Thu, 2024-08-29 20:16
A non-profit has reduced the potential size of a UK marine voluntary biodiversity credit project by approximately 89%, down from the 52,200 hectares initially considered, to ensure the initiative is as credible as possible, Carbon Pulse has learned.
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Think tank rates Singapore’s carbon tax as far off meeting Paris Agreement

Carbon Pulse - Thu, 2024-08-29 19:55
Singapore's compliance carbon market, one of the few in Southeast Asia, is considered “highly insufficient” for meeting its climate goals, a think tank said this week, adding it does not expect the country to align with the 1.5C warming target of the Paris Agreement.
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Australia a ‘hotspot’ for SAF feedstock, but will struggle to keep it onshore, senate committee hears

Carbon Pulse - Thu, 2024-08-29 18:57
Australia will struggle to keep sustainable aviation fuel (SAF) it produces onshore without government procurement or mandates, a senate committee on the Future Made in Australia legislation heard Thursday.
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South Korea sets up special fund to encourage green tech exports, overseas cooperation

Carbon Pulse - Thu, 2024-08-29 18:43
South Korea is planning to set up a special fund worth 400 billion won ($300 mln) to encourage public and private investment in overseas projects promoting green transition and carbon reduction.
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Hundreds of thousands of dead fish blanket Greece tourist port after flooding – video

The Guardian - Thu, 2024-08-29 18:35

Greek authorities have started collecting hundreds of thousands of dead fish that poured into a tourist port in the central coastal city of Volos this week after being displaced from their usual freshwater habitats during flooding last year. 'It spans kilometres,' a city council member, Stelios Limnios, told Reuters. 'It’s not just along the coast, but also in the centre of the Pagasetic Gulf,' he said, referring to the waters off Volos, where the coast is lined with holiday homes. There have been warnings that the rotting fish could create an environmental disaster for other species in the area

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HeavyFinance partners with Lithuanian agribusiness on carbon farming

Carbon Pulse - Thu, 2024-08-29 18:07
Climate tech investor HeavyFinance has partnered with an agribusiness firm to turn 300,000 hectares of agricultural land in Lithuania to regenerative farming practices, according to a press release.
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