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Pennsylvania Senate votes to repeal RGGI regulation

Carbon Pulse - 11 hours 53 min ago
Pennsylvania's Republican-majority Senate voted along party lines Tuesday to repeal the state's RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.
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Canadian biofuels company to invest $1.4 bln in CCS-equipped US production facility

Carbon Pulse - 12 hours 12 min ago
A Canadian company will invest almost $1.4 billion into a US Gulf Coast renewable biofuels production facility, which will include capacity for carbon capture and sequestration (CCS) and ability to generate voluntary carbon offsets, it announced Tuesday.
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Climate change is turbo-charging Somalia’s problems - but there's still hope

BBC - 12 hours 16 min ago
Despite facing a catastrophic combination of challenges, there is optimism in the African country.
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Global spending on subsidies that harm environment rises to $2.6tn, report says

The Guardian - 12 hours 20 min ago

Exclusive: analysis finds $800bn increase in direct support for activities including deforestation and fossil fuel use

The world is spending at least $2.6tn (£2tn) a year on subsidies that drive global heating and destroy nature, according to new analysis.

Governments continue to provide billions of dollars in tax breaks, subsidies and other spending that directly work against the goals of the 2015 Paris climate agreement and the 2022 Kunming-Montreal agreement to halt biodiversity loss, the research from the organisation Earth Track found, with countries providing direct support for deforestation, water pollution and fossil fuel consumption.

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Categories: Around The Web

Fossil fuel companies sponsor $5.6bn in global ‘sportswashing’ deals

The Guardian - 12 hours 20 min ago

Thinktank says funding from oil and gas firms is attempt to ‘divert attention from their role in fuelling the climate crisis’

Fossil fuel companies pumped at least $5.6bn (£4.2bn) of sponsorship money into motorsports, football, golf and even snow sports in an effort to “buy social licence to operate”, according to a new report.

Almost no major spectator sport remains untouched by oil and gas money, according to research carried out by the New Weather Institute (NWI), a climate thinktank, which traced more than 200 sponsorship deals between sports teams and the industry.

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Categories: Around The Web

Corporate emissions-measuring stagnating, target-setting backsliding, shows survey

Carbon Pulse - 12 hours 20 min ago
The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.
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EXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry

Carbon Pulse - 12 hours 20 min ago
Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.
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EU climate policy hasn’t caused carbon leakage, but risks remain -Bundesbank

Carbon Pulse - 12 hours 37 min ago
EU climate policy, particularly the Emissions Trading System (ETS), has not yet triggered significant relocations of energy-intensive production abroad by German firms, according to a new report by the country’s monetary authority.
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Ecuadorian legislature votes to legalise carbon markets

Carbon Pulse - 12 hours 54 min ago
Ecuador’s National Assembly voted 117-20 on Tuesday to legalise carbon markets, some 16 years after constitutional reforms had widely been interpreted as a total ban, sending the legislation to the president for final approval.
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Latin American alternative asset manager to launch first reforestation fund, with $100-mln Brazil investment goal

Carbon Pulse - 13 hours 22 min ago
One of Latin America’s largest alternative asset managers is launching its first reforestation fund with the aim of raising $100 million to restore degraded land in Brazil through native forest planting and sustainable agriculture.
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ARB confirms second 15-day package for proposed LCFS rules

Carbon Pulse - 13 hours 38 min ago
California regulator ARB will release a second 15-day notice regarding proposed changes to the state’s Low Carbon Fuel Standard (LCFS), an agency official confirmed at a conference Tuesday.
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Japanese oil and gas firm invests in US-based DAC technology developer

Carbon Pulse - 13 hours 43 min ago
A Japanese oil and gas firm has invested in a North Carolina-based to support its direct air capture (DAC) technology and help it move from pilot to commercial development.
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Whistleblower testifies Titan sub tragedy was 'inevitable'

BBC - 13 hours 57 min ago
Former employee David Lochridge tells a public hearing the whole idea of OceanGate was to "make money".
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US-based steel producer walks back comments wavering on low-carbon production project, $500 mln grant

Carbon Pulse - 14 hours 47 min ago
The CEO of an Ohio-based steel producer said his company is considering whether to advance a low-carbon steel project that involves a $500 million grant from the US Department of Energy (DOE), although the firm has since reiterated its commitment to the project.
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Cookstove and REDD+ voluntary carbon methodology decisions expected early November, says ICVCM

Carbon Pulse - 17 hours 48 min ago
Decisions over the cookstove and REDD+ methodologies that will be eligible for the high-integrity Core Carbon Principles (CCPs) label will be made at the start of November, the Integrity Council for the Voluntary Carbon Market (ICVCM) confirmed on Tuesday.
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Five takeaways for climate policy in the new European Commission

Carbon Pulse - 18 hours 5 min ago
Commission President Ursula von der Leyen's choice of portfolios for the EU's new executive team in Brussels makes one thing abundantly clear: climate policy will be everybody's business in the next five years.
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Insurance firm launches new voluntary carbon product with bank

Carbon Pulse - 19 hours 6 min ago
A London-headquartered insurance firm has launched a new product, first rolled out with a bank, that will cover commercial loans to voluntary carbon projects, it announced Tuesday.
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Non-profit urges COP16 to put world on track to meeting biodiversity targets

Carbon Pulse - 20 hours 17 min ago
The priority of UN biodiversity conference COP16 should be delivering on the pledges made at the last event in Montreal while tracking progress, a World Resources Institute (WRI) executive said on Tuesday.
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