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Air carrier ANA inks carbon removal credit offtake with Texas direct air capture project

Carbon Pulse - Wed, 2023-08-02 07:47
Japan-based airline ANA on Tuesday announced it will purchase tens of thousands of tonnes of carbon removals from a direct air capture project in the Lone Star State.
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Alberta TIER credit prices continue recent stagnation through July

Carbon Pulse - Wed, 2023-08-02 07:43
Spot carbon credit prices under the Alberta Technology Innovation and Emissions Reduction programme ticked up slightly in July, but stayed well within a months-long range amid summer trading doldrums, according to a report published Tuesday.
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RGGI emissions continue slide in Q2, as Mid-Atlantic states boost cuts

Carbon Pulse - Wed, 2023-08-02 07:39
The Northeast and Mid-Atlantic US RGGI power sector cap-and-trade system saw CO2 emissions decline once again during the second quarter due to sizable abatement at facilities in Maryland and New York, programme data showed Tuesday.
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US forest carbon companies launch initiative to broaden non-industrial landowner participation in voluntary market

Carbon Pulse - Wed, 2023-08-02 05:20
Two US forest carbon firms on Tuesday announced they will collaborate to provide smaller, non-industrial landowners across 13 Southeastern states the opportunity to participate in voluntary offset markets.
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Director leaves Climate Impact Partners a year into the role

Carbon Pulse - Wed, 2023-08-02 04:45
A director at voluntary carbon market experts Climate Impact Partners has parted ways with the firm just a year into the role.
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South Africa proposes to extend timeline for use of older offsets against carbon tax

Carbon Pulse - Wed, 2023-08-02 04:04
A pool of older offsets will have their eligibility extended for application under the South African carbon tax, according to a draft amendment released this week in a move that could boost supply in the domestic-only market that has seen offset use fall away over the past year.
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Billionaire investor threatens to pull out of UK amid global outcry at new oil rush

The Guardian - Wed, 2023-08-02 02:38

Australian mining entrepreneur Andrew Forrest criticises ‘clickbait’ fossil fuel plans as others say Britain has lost credibility

A billionaire global investor has led international condemnation of the UK’s new oil rush, saying he would pull his major investment from the country if the prime minister pursued “clickbait” fossil fuel policies.

The Australian iron ore entrepreneur Andrew Forrest, who also runs the Minderoo Foundation philanthropic organisation, threatened to move his investments out of the UK over Rishi Sunak’s swivel towards new oil and gas drilling.

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Nordic nations top MIT’s annual ranking for progress towards a low-carbon future

Carbon Pulse - Wed, 2023-08-02 01:37
Nordic nations dominate the top of a green technology index produced by the Massachusetts Institute of Technology (MIT) Review published on Tuesday and ranking 76 nations and territories on their progress toward a sustainable and low-carbon future.
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Listed companies to face new EU climate disclosure reporting rules from next year

Carbon Pulse - Wed, 2023-08-02 00:13
The European Commission has adopted rules that will eventually require all listed companies operating in the EU to disclose their impact on the environment and how the climate affects their operations.
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Here’s the truth about Sunak’s plans for the North Sea: he will sell out the planet to the dirtiest bidders | George Monbiot

The Guardian - Tue, 2023-08-01 23:51

Despite grave new warnings about the depth of the climate crisis, plutocrats are fighting to keep their profits – and our PM is with them

To understand this moment, we have to recognise that there is an existential struggle on both sides. While environmental scientists and activists fight for the very survival of the habitable planet, the fossil fuel, meat and internal combustion industries are fighting for their economic survival. Either they are regulated out of existence or human society across much of the world will fail. We cannot all win: either these industries survive or we do. But we can all lose, because, eventually, they will go down with the rest of us.

But “eventually” counts for nothing in their spreadsheets and annual reports. “Eventually” has no effect on share prices and dividends. “Eventually” has little traction in a four- or five-year political cycle. So, as the evidence of climate breakdown becomes undeniable to all but the most deluded, the pollutocrats must fight as never before. There was once a widespread belief (which some of us cautioned against) that governments would step up when – and only when – disaster struck. But it is precisely because disaster has struck, visibly and undeniably, that they are stepping down.

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Bulgarian court defers anti-pollution decision to enable coal power plant to keep running

Carbon Pulse - Tue, 2023-08-01 23:15
Bulgaria’s supreme court deferred a decision on Tuesday that could have shut down one of the biggest coal power plants in the EU ETS, according to green groups frustrated that their long-running air pollution battle is now set to continue.
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Voyager 2: Nasa loses contact with record-breaking probe after sending wrong command

BBC - Tue, 2023-08-01 22:40
A signal sent in error left Voyager 2's antenna tilting the wrong way, severing contact with Earth.
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Bride wades through floodwaters after Philippines hit by typhoons – video report

The Guardian - Tue, 2023-08-01 22:10

The Philippines was hit with torrential rain over seven days, brought by Typhoon Doksuri and intensified by Typhoon Khanun. Low-lying villages to the north of the country were the worst affected, houses were left submerged in water and residents were forced to travel by small wooden boats and roads were inundated. The Philippines is an archipelago of more than 7,600 islands, vulnerable to high winds and torrential downpours

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-08-01 21:49
European carbon began the month of August on a mixed note on Tuesday, with early strength giving way to sustained selling that drove prices to a new 11-day low even as the first of the month's reduced-volume auctions took place, while UK Allowances dropped to their lowest in two years as the outlook for demand continued to worsen.
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French corporates call for government to make nature restoration a core part of planning laws

Carbon Pulse - Tue, 2023-08-01 21:30
A collective of more than 150 companies and associations has called on the French government to make the regeneration of nature the focal point of its laws regarding development, in a column in Le Monde published Tuesday.
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INTERVIEW: Voluntary and compliance markets to converge as carbon pricing becomes mainstream, says exchange

Carbon Pulse - Tue, 2023-08-01 21:11
The founders of a carbon exchange are counting on an upswell of compliance carbon pricing to drive demand for carbon credits in the coming years, with the EU's carbon border adjustment mechanism (CBAM) expected to speed a global expansion and ratcheting up of carbon pricing schemes and the eventual convergence of the voluntary and compliance markets.
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Ocean impact fund raises funding target after latest investment, bets on seabed harvesting firm

Carbon Pulse - Tue, 2023-08-01 20:32
A Luxembourg-based ocean fund has increased its funding target after attracting €30 million from an insurance company, while investing in a Norwegian tech firm specialising in harvesting seafood from the seabed without harming ecosystems.
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‘Shameful loss’: wolves declared extinct in Andalucía

The Guardian - Tue, 2023-08-01 19:59

Naturalists decry extinction of species as loss of habitat, poaching and illegal hunting take toll

For centuries, wolves have roamed the mountain ranges of Andalucía in southern Spain, but after years of decline the creature has been officially declared extinct in the region.

Since 2003, the regional government has carried out a census of the wolf (Canis lupus signatus) population in an effort to monitor the species and reduce conflict with the local population, farmers in particular.

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Leak reveals ‘touchy’ issues for UAE’s presidency of UN climate summit

The Guardian - Tue, 2023-08-01 19:20

Exclusive: Long list of ‘sensitive’ topics for petrostate include oil and gas production, emissions and Yemen war crimes

A comprehensive list of “touchy and sensitive issues” for the United Arab Emirates, which is running the next UN climate summit, has been revealed in a document leaked to the Guardian.

The document sets out the government-approved “strategic messages” to be used in response to media requests about the issues, which range from the UAE’s increasing production of oil and gas to people trafficking.

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