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OCFP net credit generation in Q1 trails last quarter’s record high

Carbon Pulse - Sat, 2024-08-03 12:30
Net credit generation under Oregon’s Clean Fuels Program (OCFP) in Q1 receded from the previous quarter on lower biodiesel and ethanol contributions, although cumulative surplus rose to nearly 1.3 million on record renewable diesel net credit output. 
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Minnesota concludes Summit CO2 pipeline to have net emissions benefit

Carbon Pulse - Sat, 2024-08-03 12:26
Minnesota agencies released the final environmental impact statement (EIS) of Summit Carbon Solutions’ (SCS) CO2 pipeline on Wednesday, concluding that the project's impact on health and the environment would be limited within the in-state stretch of the project.
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Alaska signs CCUS bill into law

Carbon Pulse - Sat, 2024-08-03 06:30
Governor Mike Dunleavy (R) of Alaska signed the state’s first carbon capture, utilisation, and storage (CCUS) bill into law Thursday, outlining the state’s authority over projects as well as permit requirements, fees, and public hearings required of operators.
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The Guardian view on reclaiming the Seine: hope for 21st century rivers | Editorial

The Guardian - Sat, 2024-08-03 03:25

Paris 2024 has pointed the way towards a brighter future for urban waterways in post-industrial cities

It was an American modernist poet who captured best the ancient, elemental status of rivers. In one of his best-loved poems, Wallace Stevens celebrated their “third commonness with light and air / A curriculum, a vigor, a local abstraction”. Life-supporting and place-defining, the great rivers of the world have nurtured and sustained our cities, but more latterly been blighted by the toxic legacy of industrialisation.

The successful staging of Olympic events in a cleaned-up River Seine therefore deserves to be seen as a social and environmental milestone, as well as a sporting one. The remarkable spectacle of triathlon competitors diving from the Pont Alexandre III, as the Eiffel Tower loomed large on a blue-skied summer morning, will take some beating as a signature image of Paris 2024.

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Germany publishes long-awaited draft law to transpose EU carbon market directive, implement ETS2

Carbon Pulse - Sat, 2024-08-03 01:49
Germany has published its draft law transposing changes to the EU ETS directive, as well as transitioning its national fuel emissions trading system to the future bloc-wide carbon market for heating and transport.
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Utah’s Great Salt Lake rings climate alarm bells over release of 4.1m tons of carbon dioxide

The Guardian - Sat, 2024-08-03 01:00

Study has found that the lake, which has lost 73% of its water, released climate-warming emissions

For years, scientists and environmental leaders have been raising alarm that the Great Salt Lake is headed toward a catastrophic decline.

Now, new research points to the lake’s desiccating shores also becoming an increasingly significant source of greenhouse gas emissions. Scientists have calculated that dried out portions of the lakebed released about 4.1m tons of carbon dioxide and other greenhouse gases in 2020, based on samples collected over seven months that year.

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UN shipping body inches closer to key carbon levy decision with release of impact assessment

Carbon Pulse - Sat, 2024-08-03 00:25
A maritime greenhouse gas emissions pricing mechanism will not lead to an equivalent increase in transport costs, according to an assessment by the UN's sectoral body on the possible impacts of emission-reducing measures published this week.
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Canadian carbon offset developer postpones London listing, citing market conditions

Carbon Pulse - Sat, 2024-08-03 00:10
A Vancouver-based offset project developer announced Friday that it will delay its dual listing on the London AIM exchange until "market conditions in [the] UK and Canada improve", while affirming its commitment to the process.
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New EU rules on industrial, livestock emissions enter into force

Carbon Pulse - Fri, 2024-08-02 23:48
A revised directive on harmful industrial emissions across the 27 member states of the European Union will enter into force on Sunday.
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DATA DIVE: Carbon markets could scale from small share of climate finance flows with smart policy

Carbon Pulse - Fri, 2024-08-02 23:20
Boosting climate funding for developing countries is seen as one of the great challenges to meeting Paris Agreement goals and while carbon markets only contribute a fraction of current total flows, as Carbon Pulse analysis shows, this could change with the right policy approaches.
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UK, Laos sign MoU to collaborate on carbon markets, energy transition

Carbon Pulse - Fri, 2024-08-02 23:03
The UK and Laos governments have signed a memorandum of understanding (MoU) to establish a green economy framework with an aim to cooperate on carbon markets, energy transition, and address climate change, the UK government announced Friday.
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Choughs breed in Kent for first time in 200 years

The Guardian - Fri, 2024-08-02 23:00

Unexpected fledging is result of long-term restoration project to bring red-billed birds back to Kent coastline

The chough, a charismatic cliff-dwelling corvid, has bred in Kent for the first time in two centuries.

A young pair among eight birds released last year defied expectations to successfully breed this summer, making a nest on Dover Castle and rearing one chick, which fledged in June.

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Japanese companies to set up SAF Scope 3 carbon credit scheme

Carbon Pulse - Fri, 2024-08-02 22:28
Seven Japanese companies on Friday announced plans to trial a market for Scope 3 carbon credits generated from the use of sustainable aviation fuel (SAF).
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Global summit set for London in 2025 to tackle green energy revolution

Carbon Pulse - Fri, 2024-08-02 21:51
Leaders and decision-makers from around the world will meet in the second quarter of 2025 in London to assess evolving and emerging energy security challenges in the green revolution.
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Social Carbon to release methodology for peatland restoration

Carbon Pulse - Fri, 2024-08-02 21:43
Carbon standard Social Carbon plans to release a methodology for peatland restoration, with separate modules tailored to different areas, the company has told Carbon Pulse.
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New guide launches to provide insights into jurisdictional REDD+ carbon market

Carbon Pulse - Fri, 2024-08-02 21:35
A newly released document aims to provide guidance for stakeholders looking to implement jurisdictional REDD+ (J-REDD+) programmes.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-08-02 21:23
European carbon prices headed for a second weekly gain, fluctuating in their narrowest range in more than three years on Friday morning amid what one source called a lack of aggression on the part of either buyers or sellers, as energy markets weakened after a strong series of gains driven by emerging concerns over supply.
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Report counts 40 challenges for biodiversity net gain scheme

Carbon Pulse - Fri, 2024-08-02 21:09
England’s biodiversity net gain (BNG) scheme has 40 challenges across demand, supply, governance, and its metric to sort out for it to become a success, according to a report released this week.
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India to approve up to 20 carbon methodologies, operationalise voluntary market by year-end

Carbon Pulse - Fri, 2024-08-02 21:05
The Indian government is expecting to approve around 15-20 methodologies by the end of the year as part of efforts to make its carbon market operational by then, several sources have told Carbon Pulse.
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CN Markets: CEA price remains stable, though weekly trading volume drops

Carbon Pulse - Fri, 2024-08-02 20:40
CO2 allowance prices in China’s carbon market remained stable over the past week, though market participants are still awaiting the release of the permit allocation plan that will determine market fundamentals for the next year and a half.
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