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Australian outfit finds biodiversity credit demand in carbon partnership

Carbon Pulse - Wed, 2024-12-04 19:58
An Australian project developer has sold 70,000 biodiversity credits over the past three months after striking a partnership with a carbon credit supplier to combine offerings.
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Most institutional investors target net zero, divided over role of carbon offsets -report

Carbon Pulse - Wed, 2024-12-04 19:56
Nearly two-thirds of asset owners and managers have committed to net-zero targets, yet opinions remain split on the role of carbon offsets in meeting these goals, according to a report released this week.
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Brussels preparing ‘net’ climate goal for 2040, EU sources confirm

Carbon Pulse - Wed, 2024-12-04 19:49
The European Commission is preparing to unveil its 2040 climate target proposal towards the end of February, based on the assumption that it will be a “net” greenhouse gas reduction objective of 90% that also includes CO2 removals from soils and forestry, a senior EU source told Carbon Pulse.
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Chinese papermaker secures contracts to grow carbon project pipeline

Carbon Pulse - Wed, 2024-12-04 18:39
A Shanghai-listed forestry and paper company is gearing up for the expansion of its nature-based carbon business in China, with several new projects in the pipeline. 
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Govt panel says New Zealand can lower methane reduction ambitions

Carbon Pulse - Wed, 2024-12-04 18:35
Even if the world meets its global 1.5C temperature target, New Zealand can get away with reducing methane emissions at the very low end of its legislated target, and even go below that if climate action elsewhere is less successful, a controversial government panel said Wednesday.
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Major biochar project to get grant funding in Western Australia

Carbon Pulse - Wed, 2024-12-04 17:31
One of the world’s largest biochar carbon removals projects is among the five recipients to receive a total A$33.6 million ($21.7 mln) in concessional grant funding from the government of Western Australia, according to an official announcement.
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Australian soil carbon project developer acquires tech platform

Carbon Pulse - Wed, 2024-12-04 15:30
One of Australia’s largest soil carbon project developers has acquired a tech company’s risk and impact assessment tool that it will combine and launch as a new platform, it announced this week.
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Washington finalises regulatory updates for imported power under carbon market

Carbon Pulse - Wed, 2024-12-04 12:39
Washington state on Tuesday adopted amended regulations to establish obligations in future for emissions associated with imported power from centralised electricity markets (CEMs).
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PREVIEW: Programme review uncertainty tempers RGGI Q4 auction expectations

Carbon Pulse - Wed, 2024-12-04 12:28
Traders expect RGGI’s last permit sale to clear discounted or near secondary market prices, with mild involvement from financial entities given uncertainty on programme review next steps.
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Carbon project ratings agency lays off dozens of staff amid voluntary market slowdown

Carbon Pulse - Wed, 2024-12-04 11:05
A carbon project ratings agency has laid off dozens of staff members amid a company restructuring campaign, Carbon Pulse has learned.
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New Zealand unveils details on limiting exotic forestry in ETS

Carbon Pulse - Wed, 2024-12-04 10:58
The New Zealand government on Wednesday published long-awaited elements of its plan to limit exotic forestry in the Emissions Trading Scheme based on Land Use Capability (LUC) class. 
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PREVIEW: Washington’s Q4 auction expected to trigger reserve sale

Carbon Pulse - Wed, 2024-12-04 10:37
Washington's final current vintage auction for this year is anticipated to prompt a reserve sale that would release additional volumes, driven by the market’s need for increased permit supply.
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Indonesia must phase out 3 GW of coal annually to meet 2040 target, analysis finds

Carbon Pulse - Wed, 2024-12-04 10:01
Indonesia would need to retire 3 GW of coal-fired power plants per year and replace it with 8 GW of renewables at the same rate if it is to achieve its 2040 coal phase-out target, according to an analysis published Wednesday.
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Investors with $6.5 trillion of assets see mixed results in seafood sustainability engagement

Carbon Pulse - Wed, 2024-12-04 10:01
Some 35 investors representing $6.5 trillion in combined assets have engaged with varied results over a year-long outreach with seven seafood companies on sustainability issues such as supply-chain traceability to curb habitat destruction and overfishing.
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Four of UK’s oldest nuclear plants to run for even longer as Hinkley Point delayed

The Guardian - Wed, 2024-12-04 10:01

EDF extends life of reactors to ‘boost energy security’ and bridge gap before new Somerset project starts up

Four of Britain’s oldest nuclear power plants will continue running for more than a decade longer than initially planned to help bridge a gap before the delayed Hinkley Point nuclear station starts up.

The owner of Britain’s nuclear plants, the French energy company EDF, said it had agreed to extend the lifetime of its reactors yet again to “boost energy security and reduce dependence on imported gas”.

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