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Natural capital investments could pass $1 trln within two decades, financier says

Carbon Pulse - Wed, 2024-09-11 22:07
Total investments in the natural capital asset class could rise to $1 trillion or more over the next two decades, on the back of revenues from outputs including biodiversity markets, investor New Forests has said.
Categories: Around The Web

Drax urges BECCS support as critical to meeting UK clean power goal by 2030

Carbon Pulse - Wed, 2024-09-11 21:42
Drax is looking to the UK government to begin discussions soon on a contract to support the company’s incoming bioenergy with carbon capture and storage (BECCS) project, to ensure that the plant can contribute to the country’s goal for clean power by 2030, a Drax official said on Wednesday.
Categories: Around The Web

Brazilian carbon developer to market Indigenous-focused biodiversity credits at COP16

Carbon Pulse - Wed, 2024-09-11 21:31
A Brazilian carbon developer and two organisations working with Indigenous communities are piloting a biodiversity credit project in the Amazon state, with two European companies interested in purchasing units after COP16, Carbon Pulse has learned.
Categories: Around The Web

EU announces research project to assess impact of CBAM on its neighbours

Carbon Pulse - Wed, 2024-09-11 21:19
The European Commission has announced fresh funding for a research project that explores the impact of the EU's Emissions Trading Scheme (ETS) and Carbon Border Adjustment Mechanism (CBAM) on neighbouring countries.
Categories: Around The Web

Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-09-11 21:13
European carbon prices rallied on Wednesday morning as weekly positioning data showed that investment funds more than doubled their net short positions last week, triggering a rally as traders looked to test the conviction of bearish bets.
Categories: Around The Web

SK Market: September auction oversubscribed, though clearing price still below $7.50

Carbon Pulse - Wed, 2024-09-11 20:51
South Korea’s latest monthly CO2 permit auction was oversubscribed with the clearing price still below the 10,000 won ($7.43) benchmark, while the price outlook may remain bleak in the absence of policy updates. 
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INTERVIEW: EU’s aluminium industry heavily reliant on electricity to decarbonise

Carbon Pulse - Wed, 2024-09-11 20:29
The EU needs a lot more renewable and low-carbon electricity and it needs it "ASAP", according to Paul Voss, director general of industry association Europe Aluminium, adding to a growing chorus of voices calling for lower energy prices to boost the bloc's competitiveness.
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Resisting fascism includes respecting our environment and fellow species | Terry Tempest Williams

The Guardian - Wed, 2024-09-11 20:00

I do not think it is a leap to see our exploitive relationship with Earth as part of a centuries-long war against the environment

Standing on the edge of Utah’s terminal Great Salt Lake is to witness the religion of over-water consumption in the desert. Our thirst is greater than this inland sea can bare as it is disappearing in the shadows of climate chaos, extreme heat and a megadrought not seen in 2,500 years. Twelve million migrating birds depend on this water body for food, rest and breeding. Flocks of Wilson’s phalaropes, small and handsome shorebirds, spin in saline waters creating water columns alive with brine shrimp and flies and resulting in a feeding frenzy. American avocets and black-necked stilts stand stoically in the shallows. Thousands of ducks are sprinkled on the lake like pepper. Water and sky merge as one. There is no horizon. All appears well in this serene landscape of pastel blues animated by birds. It is not.

The health of the Great Salt Lake is only as strong as the health of the human community that surrounds it. And vice versa. If the 2 million people living within the Great Salt Lake watershed with Salt Lake City at its center do not mobilize to put more water in the lake, the death of the Great Salt Lake will be their own. This will also be the demise of millions of migrating birds.

Terry Tempest Williams is a writer, naturalist and activist

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Categories: Around The Web

Resisting fascism includes respecting our environment and fellow species | Terry Tempest Williams

The Guardian - Wed, 2024-09-11 20:00

I do not think it is a leap to see our exploitive relationship with Earth as part of a centuries-long war against the environment

Standing on the edge of Utah’s terminal Great Salt Lake is to witness the religion of over water-consumption in the desert. Our inland sea is disappearing in climate chaos evidenced by extreme heat and a megadrought not seen in 2,500 years. Ten million migrating birds depend on this water body for food, rest and breeding. Flocks of Wilson’s phalaropes, small and handsome shorebirds, spin in saline waters creating water columns alive with brine shrimp and flies and resulting in a feeding frenzy. American avocets and black-necked stilts stand stoically in the shallows. Thousands of ducks are sprinkled on the lake like pepper. Water and sky merge as one. There is no horizon. All appears well in this serene landscape of pastel blues animated by birds. It is not.

The health of the Great Salt Lake is only as strong as the health of the human community that surrounds it. And vice versa. If the 2 million people living within the Great Salt Lake watershed with Salt Lake City at its center do not mobilize to put more water in the lake, the death of the Great Salt Lake will be their own. This will also be the demise of millions of migrating birds.

Terry Tempest Williams is a writer, naturalist and activist

Continue reading...
Categories: Around The Web

World Bank heralds gains in carbon pricing across emerging economies despite political, economic risks

Carbon Pulse - Wed, 2024-09-11 19:40
Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.
Categories: Around The Web

CME releases details of upcoming ACCU futures contract

Carbon Pulse - Wed, 2024-09-11 18:57
Global trading house CME Group has provided details of its Australian Carbon Credit Units (ACCUs) futures contract, adding to the sole such offering currently available in the market, from the Australian Securities Exchange.
Categories: Around The Web

China clarifies rules to avoid double counting of environmental values from renewable projects

Carbon Pulse - Wed, 2024-09-11 18:53
Chinese regulators have announced rules that can clarify the boundaries of the country's green electricity and national carbon offset markets, a move designed to help avoid double counting of environmental attributes.
Categories: Around The Web

Australian govt earmarks A$215 mln for species protection, habitat restoration

Carbon Pulse - Wed, 2024-09-11 18:46
The Australian government has ringfenced over A$215 million ($143 mln) to ramp up efforts in nature restoration and native species protection, it announced Wednesday.
Categories: Around The Web

European verifier seeks comments for new modular BiCRS methodology

Carbon Pulse - Wed, 2024-09-11 18:11
A Paris-headquartered carbon crediting platform has opened a new modular biomass carbon removal and storage (BiCRS) methodology for public consultation, the company announced on Wednesday.
Categories: Around The Web

Japanese oil major backs country’s first programme-based carbon project in pig farming

Carbon Pulse - Wed, 2024-09-11 17:33
A top refiner in Japan has decided to support the country's first carbon credit generating project featuring collaboration with domestic pig farmers.
Categories: Around The Web

Australian states announce forestry, Indigenous ACCU initiatives

Carbon Pulse - Wed, 2024-09-11 17:04
Western Australia and New South Wales have announced initiatives to support projects that will earn Australian Carbon Credit Units (ACCUs), with a focus on forestry and Indigenous environmental plantings (EP) projects.
Categories: Around The Web

Scorched earth: how the search for gold has scarred DRC’s Haut-Uélé province

The Guardian - Wed, 2024-09-11 17:00

In the north-east of the Democratic Republic of the Congo, forests have been cleared for mines and the roads that service them. Large companies take what they can and move on, leaving abandoned ponds, toxic rivers and scraps of precious metal left in the ground

  • Words and photographs by Guerchom Ndebo in Moku with support from the National Geographic Society
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Categories: Around The Web

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