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ICVCM stresses difference of opinion “healthy” after carbon experts step down over REDD+ decision

Carbon Pulse - Sat, 2024-12-14 02:21
The Integrity Council for the Voluntary Carbon Market (ICVCM) has underlined that internal differences in opinion are important after members of the stakeholder initiative's expert panel stepped away from the organisation over a recent decision to approve three REDD+ forestry crediting methodologies.
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Montenegro seeks CBAM exemption by linking power system with EU -media

Carbon Pulse - Sat, 2024-12-14 01:43
Montenegro has asked for an exemption from the first year of the EU’s Carbon Border Adjustment Mechanism (CBAM), the country’s energy minister said on Friday as reported by local media.
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Government unveils new powers to approve onshore wind farms

BBC - Sat, 2024-12-14 01:38
The change is part of the government's new action plan for meeting its 2030 clean power target.
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UNFCCC unveils template documents to help developers of Article 6 carbon projects

Carbon Pulse - Sat, 2024-12-14 01:37
The United Nations Framework Convention on Climate Change (UNFCCC) has published a set of templates to guide project developers wishing to engage with the Paris Agreement Crediting Mechanism (PACM) under Article 6.4 of the Paris Agreement.
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PREVIEW: Five things to watch on EU climate policy in 2025

Carbon Pulse - Sat, 2024-12-14 00:54
With the Polish EU Council presidency focusing on energy security in the first half of the year, the initiative on climate is expected to come from the European Commission, with a series of proposals due in the first quarter, including a much-awaited Clean Industrial Deal at the end of February.
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Ireland must cut emissions 6.3% per year by 2040 to meet targets, advisors say

Carbon Pulse - Sat, 2024-12-14 00:35
Ireland must cut greenhouse gas emissions by 6.3% annually in the next 15 years under a new carbon budget proposal from the country’s independent advisory body on climate change.
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Never mind the fact the Coalition’s nuclear proposal is a fantasy – it doesn’t even claim to reduce power bills

The Guardian - Sat, 2024-12-14 00:00

Experts and agencies have overwhelmingly deemed the plan not to be credible. And burning more coal and gas in the medium term only leads one way

Let’s not waste time with niceties: the Coalition’s nuclear plan is a fantasy. The vision laid out on Friday by a quartet of opposition frontbenchers is not going to eventuate, regardless of the result of the next election.

That’s not because nuclear energy is necessarily a terrible idea, in a global sense. While waste is an issue, nuclear plants offer zero-emissions power and will be needed in places with fewer energy options. But the claims put forward by the opposition – that Australia needs nuclear, or could have it in the way the Coalition describes – do not stand up to scrutiny.

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Australia’s peak land conservation body urges govt to ramp up nature spending

Carbon Pulse - Fri, 2024-12-13 23:28
Australia must significantly increase its spending on and administration of nature, including putting more money into its planned biodiversity market and change its approach to generating carbon credits, according to the country’s peak conservation body.
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Japanese developer plans credits from Thai rubber

Carbon Pulse - Fri, 2024-12-13 23:15
A Japanese project developer has signed a Memorandum of Understanding (MoU) with Thailand’s Rubber Authority on developing carbon credits from biochar, which it hopes will help the world’s rubber industry decarbonise.
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Insurance industry key to de-risking biodiversity credit markets, UNEP FI says

Carbon Pulse - Fri, 2024-12-13 23:11
The UN Environment Programme Finance Initiative (UNEP FI) released on Thursday the first global guide for insurers to prioritise actions for nature, stressing their role in achieving global biodiversity goals, including through scaling emerging markets.
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FEATURE: Canadian oilsands still silent on environmental targets, six months into new greenwashing laws

Carbon Pulse - Fri, 2024-12-13 23:00
The once-public emissions reductions targets of Canadian oilsands companies remain absent six months following the introduction of new greenwashing laws, as uncertainty persists regarding specifics of what can be held to account under the new mandate.
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FEATURE: Sinking biomass in anoxic basins attracts scientific interest but no guarantee of regulatory approval

Carbon Pulse - Fri, 2024-12-13 22:32
Several startups are proposing sinking biomass in anoxic basins, such as the Black Sea, to sequester carbon and generate removal credits, though they face hurdles related to wider scientific approval and regulatory sign-off before they can move ahead.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-12-13 22:15
Trade in EU carbon allowances was significantly calmer on Friday morning after four days of heavy and volatile activity, as traders began to shift their attention to the Dec-25 EUA futures contract, which takes over as the benchmark early next week, while prices were little changed despite modest gains in natural gas.
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Asset manager sets up Europe-focused biodiversity fund, targets raising €200 mln

Carbon Pulse - Fri, 2024-12-13 22:10
A Luxembourg-headquartered asset manager has launched a fund aimed at supporting European companies and projects that contribute to biodiversity conservation and restoration, with the target of raising €200 million.
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Verra calls on UN body to re-evaluate carbon credit exclusions from CORSIA Phase 1

Carbon Pulse - Fri, 2024-12-13 21:30
Verra has questioned ICAO’s decision to exclude various of its methodologies for phase one of the aviation emission scheme CORSIA, including its newly improved methodologies for REDD avoided deforestation and afforestation, reforestation and vegetation, as well as cookstoves and carbon capture and storage.
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CN Markets: CEAs drop below 100 yuan, trading volumes surge

Carbon Pulse - Fri, 2024-12-13 21:19
China’s national carbon market saw allowance prices drop below the 100-yuan ($13.74) mark over the past week amid selling pressure, but trading remained robust as emitters rushed to meet the end-of-month compliance deadline.
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President Biden: stand up to Chevron and pardon Steven Donziger | Jim McGovern

The Guardian - Fri, 2024-12-13 21:00

Chevron spent billions trying to destroy him after he won the largest pollution case in history. It’s time for Biden to end this nightmare

It’s a tale as old as time: an underdog fighting for what’s right, and a powerful giant doing everything it can to stop him. Yet in today’s America, the giants don’t lose – they rig the system to crush anyone who dares to challenge them.

That’s exactly what happened to Steven Donziger, a well-known human rights lawyer who stood up to oil giant Chevron. After helping Indigenous and farming communities in Ecuador secure a historic $9.5bn judgment against the company for decades of environmental destruction, Chevron retaliated with a vicious legal campaign designed not just to discredit him, but to ruin his life.

Jim McGovern is a congressman from Massachusetts

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US projects target direct air capture development, biogas carbon credits

Carbon Pulse - Fri, 2024-12-13 21:00
A direct air capture (DAC) developer is set to launch a pilot plant in New Mexico, while a renewable fuels producer has signed an agreement to generate biogas carbon credits, according to announcements made Thursday.
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Miliband pledges no blackouts under Labour’s ‘unstoppable’ renewable energy shake-up

The Guardian - Fri, 2024-12-13 20:48

‘Clean power 2030’ plan will speed up planning and give energy secretary final say on major infrastructure projects

The UK will not face blackouts under Labour’s proposed shake-up of energy supply, Ed Miliband has said, as he unveiled plans to boost clean power by the end of the decade.

The energy secretary insisted the transition away from fossil fuels was “unstoppable.”

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Discovery of six rare Mekong giant catfish in Cambodia raises hopes for endangered species

The Guardian - Fri, 2024-12-13 20:26

Find is ‘hopeful sign’ the species, one of world’s largest and rarest freshwater fish, is not at imminent risk of extinction

Six critically endangered Mekong giant catfish — one of the largest and rarest freshwater fish in the world — have been caught and released in Cambodia, reviving hopes for the survival of the species.

The underwater giants can grow up to 3 metres long and weigh up to 300kg. They are found only in south-east Asia’s Mekong River but in the past inhabited the entire 3,044-mile (4,900km)-long river all the way from its outlet in Vietnam to its northern reaches in China’s Yunnan province.

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