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California regulators delay decision on profit cap for oil refiners

Carbon Pulse - Tue, 2024-12-10 11:11
A California agency told media outlets it would be delaying a key decision on implementing the governor’s plan to cap oil refiners’ profits.
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Western Canadian business groups file legal challenge against federal greenwashing law

Carbon Pulse - Tue, 2024-12-10 10:54
Two Western Canadian business associations filed a lawsuit against the federal government claiming that a recent law designed to tackle greenwashing violated fundamental Canadian rights.
Categories: Around The Web

Industry veteran launches new Houston-based environmental brokerage, consulting firm

Carbon Pulse - Tue, 2024-12-10 10:45
A financial markets veteran has started a new Houston-based brokerage and consulting firm specialising in environmental credit solutions.
Categories: Around The Web

Canadian carbon markets at risk of oversupply -report

Carbon Pulse - Tue, 2024-12-10 10:31
A think tank suggests that Canadian provinces’ large-emitter trading systems would require reform to prevent a credit oversupply which they say could undermine effectiveness of reducing industrial emissions via such market-based mechanisms, in a report published Monday.
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California scraps e-motorcycle sales target mandate

Carbon Pulse - Tue, 2024-12-10 09:47
California regulator ARB last week shelved its plans to ramp up zero emission motorcycle (ZEM) use in the state by mandating sales targets and imposing stringent rules on internal combustion engine (ICE) counterparts.
Categories: Around The Web

RGGI Market: “Overpriced” RGAs hold more than $1 above Q4 weak auction settlement

Carbon Pulse - Tue, 2024-12-10 09:26
RGGI Allowances (RGA) in the secondary market reverted up from a heavily discounted permit sale mid-week for the closing quarter of 2024, with traders anticipating further downside and regulatory updates to inform year-end direction.
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US appeals court sides with Kentucky in EPA case over ‘good neighbour’ rules

Carbon Pulse - Tue, 2024-12-10 09:22
A US Circuit Court delivered a two-pronged win for Kentucky against the US EPA after ruling that the agency’s denial of the state’s pollution control plan violated federal law.
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Gold Standard flags World Bank’s MIGA as its only recognised insurance policy for CORSIA credits

Carbon Pulse - Tue, 2024-12-10 09:03
Gold Standard on Monday published new guidance on the approval process of its carbon credits for use under the first phase of the CORSIA global aviation offsetting scheme, stating that only projects insured via the World Bank's Multilateral Investment Guarantee Agency (MIGA) will be deemed eligible.
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Ravaged jungle: just 25% of the world’s surviving tropical rainforests are in good condition

The Conversation - Tue, 2024-12-10 06:59
A rainforest might look intact in satellite images – but the reality is often different. Degraded tropical rainforests are now the norm, threatening the species within. Rajeev Pillay, Postdoctoral Fellow in Ecology, University of Northern British Columbia James Watson, Professor in Conservation Science, School of the Environment, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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‘Unseen world’: researchers capture fascinating footage of the world’s smallest penguins in a bid to save them

The Conversation - Tue, 2024-12-10 05:11
On an island off South Australia, a colony of little penguins is fighting to survive. Footage gathered by scientists reveals what the birds get up to when humans aren’t watching. Diane Colombelli-Négrel, Senior Lecturer, Animal Behaviour, Flinders University Licensed as Creative Commons – attribution, no derivatives.
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Australians’ cars are typically larger, heavier and less efficient than in Europe – here’s why

The Conversation - Tue, 2024-12-10 05:10
Ever wondered how the Australian passenger car fleet compares with the European fleet and what this means for the future? New research examined the differences in detail and how it might change. Robin Smit, Adjunct Professor, School of Civil and Environmental Engineering, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.
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Liberia national carbon policy to push Article 6 markets, achieve UN targets

Carbon Pulse - Tue, 2024-12-10 04:39
Liberia plans to design a national policy on carbon markets as a precursor to instituting legal and governance frameworks for Article 6 carbon trading under the Paris Agreement, with the ultimate goal of achieving its forthcoming Nationally Determined Contribution (NDC) UN climate targets.
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EU should ban space mirrors and other solar geoengineering, warn scientists

The Guardian - Tue, 2024-12-10 03:42

European Commission scientific advisers say technology to offset global heating could wreak havoc on weather

Europe should ban space mirrors, cloud whitening and other untested tools being touted to reflect the sun’s rays, the European Commission’s scientific advisers have warned, but said the door should be left open for research into their development.

The scientists said the risks and benefits of solar radiation modification (SRM) – also known as solar geoengineering – were “highly uncertain”. They called for an EU-wide moratorium on using it as a way to offset global heating.

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Categories: Around The Web

EU should use CBAM revenues to help poorer countries decarbonise their steel too -think tank

Carbon Pulse - Tue, 2024-12-10 03:32
The EU can paint its Carbon Border Adjustment Mechanism (CBAM) in a good light by redistributing revenues to help the least developed countries decarbonise their own steel industries, according to research published on Monday.
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VCM Report: CORSIA carbon futures bounce after ICAO formally approves new standard bodies

Carbon Pulse - Tue, 2024-12-10 03:16
Eligible futures for CORSIA Phase 1 bounced higher on Monday after a late Friday announcement from UN agency ICAO confirmed four new standard bodies have been formally granted eligibility to supply credits to the international aviation offsetting scheme.
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Slovenia pledges €403 mln to rescue coal assets amid phaseout push -media

Carbon Pulse - Tue, 2024-12-10 02:06
The Slovenian government has committed €403 million to prevent the bankruptcy of the Sostanj coal power plant and the Velenje mine, taking control of both from state-owned utility Holding Slovenske Elektrarne (HSE) as part of its plan to phase out the fuel source by 2033.
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How anger at the rollout of renewables is being hijacked by a new pro-nuclear network

The Guardian - Tue, 2024-12-10 00:00

An alliance of political groups is harnessing real fears about the local impact of renewables projects across Australia – and using them to spruik nuclear power

The entrance is marked by an AI-generated image of a dead whale, floating among wind turbines. On the first floor of the East Maitland Bowling Club, dire warnings are being shared about how offshore wind may impact the Hunter region – but also a feeling of not being consulted, of being steamrolled.

“Environment and energy forums” like this one in late November have been held up and down the east of Australia, aiming to build a resistance to the country’s renewable energy transition.

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Categories: Around The Web

BP shifts offshore wind to joint venture amid retreat from renewables

The Guardian - Mon, 2024-12-09 23:52

Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets

BP has agreed a deal worth up to £4.5bn to build offshore windfarms with Japan’s biggest power producer, in a shift that will allow it to gain some access to zero-carbon wind energy while focusing on fossil fuels.

The FTSE 100 company will create a 50-50 joint-venture with the Japanese power generator Jera to combine their offshore wind assets, the companies announced on Monday.

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ANALYSIS: Despite November uptick, EU fossil power emissions on course for yet another heavy annual drop

Carbon Pulse - Mon, 2024-12-09 23:43
Annual EU carbon emissions from electricity generation covered by the bloc's ETS are set to slump heavily once again in 2024 despite a strong rise in gas-fired output last month, analysts have said, though next year could see a much tighter market and a sustained price recovery.
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