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ID Market: Indonesian oil company signs agreement to sell geothermal carbon credits

Carbon Pulse - Tue, 2024-12-17 17:33
Indonesia’s state-owned oil and gas company has signed a deal to sell a third tranche of carbon credits on the nation's domestic carbon exchange, it announced Tuesday. 
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More than 6m homes at risk of flooding in England, says Environment Agency

The Guardian - Tue, 2024-12-17 16:00

Report says rivers, the sea and surface water endangering properties and that number could hit 8m by 2050

More than 6m homes in England are at risk of flooding under the latest climate projections, a study by the Environment Agency has found.

This could rise to 8m – or one in four properties – by 2050, the study said.

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Watchdog warns Defra and Ofwat they could face court over sewage dumping

The Guardian - Tue, 2024-12-17 16:00

Environment Agency also served notice after investigation found failures to comply with law

The government, its water regulator and the Environment Agency could all be taken to court over their failure to tackle sewage dumping in England after a watchdog found failures to comply with the law.

An investigation by the Office for Environmental Protection (OEP) found Ofwat, the Department for Environment, Food and Rural Affairs (Defra) and the Environment Agency (EA) all failed to stop water companies from discharging sewage into rivers and seas in England when it was not raining heavily. The OEP was set up in 2020 to replace the role the European Union had played in regulating and enforcing environmental law in the UK.

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Australian oversight body bars new beef herd management project applications over method integrity concerns

Carbon Pulse - Tue, 2024-12-17 15:35
Australia’s Emissions Reduction Assurance Committee (ERAC) on Tuesday ordered applications for new projects under the beef herd management method be suspended amid integrity issues.
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New Zealand confirms new ETS forestry charge

Carbon Pulse - Tue, 2024-12-17 15:25
The New Zealand government confirmed Tuesday it will set the annual charge for forest owners in the country’s emissions trading scheme (ETS) to NZ$14.90 ($8.60) per hectare.
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Cars in Australian cities are emitting less – but in the regions exhaust emissions are growing

The Conversation - Tue, 2024-12-17 14:01
Emissions from city drivers have largely fallen, while emissions from rural and regional drivers have risen. Kai Li Lim, St Baker Fellow in Electric Mobility, The University of Queensland Anthony Kimpton, Lecturer, Urban Planning, University of Southern Queensland Jonathan Corcoran, Professor of Human Geography, The University of Queensland Neil G Sipe, Honorary Professor of Planning, The University of Queensland Renee Zahnow, Associate Professor, Social Science, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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One in four properties at flood risk by 2050 - report

BBC - Tue, 2024-12-17 13:20
Climate change could increase flood threats without improvements to defences, the Environment Agency warns.
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One in four properties at flood risk by 2050 - report

BBC - Tue, 2024-12-17 13:20
Climate change could increase flood threats without improvements to defences, the Environment Agency warns.
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US maritime emissions roadmap plans for sustainable fuel buildout

Carbon Pulse - Tue, 2024-12-17 11:10
The US proposed a Sustainable Maritime Fuel (SMF) Grand Challenge to stimulate a faster decarbonisation transition for the US maritime sector, according to an action plan published jointly by four federal agencies.
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US EPA makes case for proper venue in small refinery exemptions lawsuit

Carbon Pulse - Tue, 2024-12-17 10:59
The US EPA this month requested the nation’s highest court to transfer a case on small refinery exemptions under the Renewable Fuel Standard (RFS) to the DC Circuit by vacating a ruling from another appeals court.
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Government has broken the law on sewage - watchdog

BBC - Tue, 2024-12-17 10:44
The OEP has ruled that it allowed excessive sewage into England's rivers and seas.
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Verra refutes experts’ critiques on its REDD+ method being granted CCP status

Carbon Pulse - Tue, 2024-12-17 10:42
Carbon credit standards body Verra has hit back against criticism aimed at its REDD methodology being approved under the Core Carbon Principles (CCPs) framework, describing the scrutiny as “flawed and inaccurate”.
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RGGI Market: RGAs “squeezed” higher above $23

Carbon Pulse - Tue, 2024-12-17 10:25
RGGI Allowances (RGA) in the secondary market continued to rebound from a weak Q4 auction over the week, with traders deliberating reasons behind unexpected strength into year end.
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Non-profit calls on Europe’s biggest banks to adopt science-based net zero targets

Carbon Pulse - Tue, 2024-12-17 10:01
A London-headquartered NGO has written to the CEOs of Europe’s 20 largest banks, including HSBC, Barclays, and BNP Paribas, urging them to set science-based targets for financing sectors vital to the net-zero transition, it announced Tuesday.
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Carbon credit financier poised to convert inventory for CORSIA eligibility

Carbon Pulse - Tue, 2024-12-17 09:43
A Toronto-based carbon credit financier has tentative plans to transition its carbon credit inventories to one of the voluntary carbon standards recently approved for Phase 1 of CORSIA (2024-26) by the UN aviation body ICAO, although the financier is still awaiting formal guidance from Verra.
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