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US DOE loan office should suspend financing pending reform -watchdog

Carbon Pulse - Thu, 2024-12-19 04:35
The US DOE's loan office should suspend all loan and loan guarantee packages until it can ensure that its contracts are in compliance with conflict-of-interest regulations, a report published Tuesday by the agency's watchdog said.
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Bill Gates-backed fund piles millions into Canadian carbon removal developer

Carbon Pulse - Thu, 2024-12-19 02:43
Bill Gates’s clean tech venture fund has stumped up $40 million to invest in a carbon removal startup aiming to create a Canadian testing ground for multiple direct air capture (DAC) technologies, the firms said on Wednesday.
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Peru court demands land titling, nullified concessions in one of most-credited REDD carbon projects

Carbon Pulse - Thu, 2024-12-19 02:38
A judge in the San Martin region of Peru has ruled against several government agencies and an NGO developer that manages one of the world’s biggest historical issuers of REDD credits, in favour of Indigenous peoples, ordering the state to apply land titles to ancestral lands, nullify some forest concessions, and conduct community consultations with benefit-sharing.
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‘Not blackmail’: France puts prerequisites on support for 90% EU climate goal

Carbon Pulse - Thu, 2024-12-19 02:30
Agreement on a 2040 climate target at EU level must be preceded by an “action plan” outlining the means of achieving the objective, including the principle of technology neutrality to make room for nuclear power alongside renewables, French energy minister Agnes Pannier-Runacher said on Tuesday.
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EU gives green light to €3-bln French scheme to decarbonise EU ETS industries

Carbon Pulse - Thu, 2024-12-19 02:27
The European Commission gave France the go-ahead on Wednesday to disburse €3 billion of state aid in support of decarbonisation efforts from industries covered by the EU's Emissions Trading Scheme (EU ETS).
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INTERVIEW: French biodiversity credit scheme risks incentivising offsetting over impact avoidance

Carbon Pulse - Thu, 2024-12-19 01:59
The voluntary biodiversity credit scheme announced in France could incentivise offsetting over the reduction and avoidance of impacts on nature, as the underlying rules have raised serious doubts over their effectiveness in recent years, a biodiversity consultant has told Carbon Pulse.
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CORSIA futures jump in wake of carbon credit auction

Carbon Pulse - Thu, 2024-12-19 01:48
Futures for Phase 1 of CORSIA, the UN's international aviation offsetting scheme, have jumped higher in the wake of reported results from a credit auction coming to light this week.
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Inclusion of cement will balloon China ETS size, but only add marginal demand, analysts say

Carbon Pulse - Thu, 2024-12-19 01:42
Bringing the cement sector into China’s emissions trading scheme will see the total amount of CO2 regulated by the market grow by over a billion tonnes of CO2, but only lead to a minor increase in emissions, analysts have predicted.
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Germany cuts power sector emissions by 9% as energy use hits record low in 2024 -report

Carbon Pulse - Thu, 2024-12-19 01:19
Germany’s energy sector CO2 emissions fell to 188 million tonnes in 2024, a 9% decrease from 2023 and 60% below 1990 levels, according to a new report released on Wednesday.
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New study could ‘lay the groundwork’ for biodiversity credit markets, author says

Carbon Pulse - Thu, 2024-12-19 01:04
A soon-to-be-released method has proven effective in detecting hundreds of species in the Amazon combining AI and remote devices, with researchers planning to implement it globally in a way that could support science-based nature markets, the project leader told Carbon Pulse.
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Dear Santa, please bring back the plastic lids on yoghurt pots | Adrian Chiles

The Guardian - Wed, 2024-12-18 23:54

Gone are the pleasures of licking the foil cover on yoghurts and soft cheese. Plus no one consulted me about this dismal change to my home routines

All I want for Christmas is the return of yoghurt pot lids. And not just for me, for everyone. In this season of goodwill, I want everyone to get a share of the joy. The lids disappeared very suddenly, without so much as a goodbye. It didn’t seem right. And it wasn’t just yoghurt pots, either. Creams, buttermilk, cottage cheese, you name it, were suddenly minus their lids, hatless, naked.

For me, this was a blow. I’ve always taken my plastic pot management very seriously. I have strict rules. Not for me pulling back the foil cover, leaving it attached to the tub, and then replacing the lid on top of it. No, not neat. The foil would be removed completely, possibly licked, and discarded.

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French asset manager seeks investors for €500-mln nature fund

Carbon Pulse - Wed, 2024-12-18 23:33
A large private investment house is seeking investors for its €500 million nature-based solutions fund, which will finance carbon project development, and is on the cusp of finalising €50 mln from the European Investment Bank (EIB).
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Pakistan and Bahamas join push for global pact to phase out fossil fuels

The Guardian - Wed, 2024-12-18 22:53

Climate-vulnerable pair add weight to proposed treaty seeking transition from coal, oil and gas in equitable way

Pakistan and the Bahamas have joined a growing bloc of climate-vulnerable countries seeking to broker a global pact to phase out fossil fuels in an equitable way, the Guardian can reveal.

The Bahamas is the 15th nation to fully endorse the proposed fossil-fuel non-proliferation treaty, which would provide a binding global roadmap to explicitly halt expansion of coal, oil and gas in a fair way – with wealthy nations responsible for the highest emissions transitioning first and fastest.

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Deep shifts in tackling biodiversity crisis can unlock business opportunities in the trillions, report finds

Carbon Pulse - Wed, 2024-12-18 22:40
Fundamental shifts in how the world deals with the biodiversity crisis are urgently needed to halt and reverse nature loss, and could generate over $10 trillion in business opportunity value if implemented immediately, according to a report released Wednesday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-12-18 22:38
European carbon allowances advanced modestly on Wednesday morning, loosening their correlation with natural gas prices for a second day as the market accustomed itself to the new front-December contract, while weekly positioning data from the futures exchanges showed speculative traders trimming their bullish bets.
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Pakistan, Bahamas join call to end use of fossil fuels

Carbon Pulse - Wed, 2024-12-18 22:34
Pakistan has become the first South Asian nation to commit to discussions with the Fossil Fuel Non-Proliferation Treaty initiative even as Bahamas has joined the bloc negotiating the winding down of fossil fuel production, a statement released Wednesday said.
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Zimbabwe launches carbon market framework aligned with Article 6

Carbon Pulse - Wed, 2024-12-18 22:19
Zimbabwe has launched a national carbon market framework that aligns policy with Article 6 of the Paris Agreement, local media reported on Wednesday.
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Social cost of carbon reaches almost $300/t when climate impact on human welfare considered -study

Carbon Pulse - Wed, 2024-12-18 21:34
The social cost of carbon (SCC) is being significantly under-estimated as current calculations fail to adequately consider how climate change could affect human welfare, with implications for policy making, a new study has found.
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Nasa astronauts Butch and Suni's homecoming delayed again

BBC - Wed, 2024-12-18 21:28
Nasa says that the astronauts stuck on the space station will have to wait even longer to get home.
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INTERVIEW: CCS is back, but EU policies may be setting it up to fail

Carbon Pulse - Wed, 2024-12-18 20:59
The Net Zero Industry Act risks setting the CCUS industry up for failure if the European Commission does not step up to integrate the value chain and regulate CO2 transport, said Rachael Moore, founder of consultancy CarbStrat, in an interview with Carbon Pulse.
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