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UPDATE – WCI Q4 auction ups allowance volume after Q3 dip

Carbon Pulse - Sat, 2024-09-21 05:53
The California-Quebec joint WCI auction in November will offer a higher volume of allowances this quarter following Q3's year-to-date nadir, according to a Friday notice from California regulator ARB.
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Three Mile Island nuclear reactor to restart to power Microsoft AI operations

The Guardian - Sat, 2024-09-21 03:59

Pennsylvania plant was site of most serious nuclear meltdown and radiation leak in US history in 1979

A nuclear reactor at the notorious Three Mile Island site in Pennsylvania is to be activated for the first time in five years after its owners, Constellation Energy, struck a deal to provide power to Microsoft’s proliferating artificial intelligence operations.

The plant was the location of the most serious nuclear meltdown and radiation leak in US history, in March 1979 when the loss of water coolant through a faulty valve caused the Unit 2 reactor to overheat. More than four decades later, the reactor is still in a decommissioning phase.

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Greenpeace activists who scaled Sunak’s roof cleared by judge

The Guardian - Sat, 2024-09-21 03:01

Four protesters against North Sea oil and gas licences have charges of criminal damage thrown out

Four Greenpeace activists who staged a “no new oil” protest on the roof of Rishi Sunak’s North Yorkshire manor house have had charges of criminal damage thrown out.

The activists said “justice and common sense” had prevailed after a judge on Friday ruled the evidence against them was “tenuous” and they had no case to answer.

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Large sustainable aquaculture firm secures €2.5 mln from Dutch fund

Carbon Pulse - Sat, 2024-09-21 01:40
An offshore aquaculture company based in the Faroe Islands has received €2.5 million from a fund managed by the investment arm of a Dutch bank.
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INTERVIEW: Carbon removal offtakes need de-risking to grow the market

Carbon Pulse - Sat, 2024-09-21 01:31
The carbon removals (CDR) market needs offtake agreements with built-in de-risking measures to scale and offer attractive credit prices, a dealmaker told Carbon Pulse.
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Mineral Resources and Woodside donated to WA Labor while it mulled gas policy changes

The Guardian - Sat, 2024-09-21 01:00

A ban on exporting offshore gas was lifted in WA this week, and the Greens say two of the ‘biggest winners’ were the massive resources companies

Western Australian gas companies Mineral Resources and Woodside gave more than $20,000 to WA Labor while it was considering changes to its domestic gas policy that allowed more gas to be exported from the state.

On Thursday the state government lifted a ban on onshore gas being exported, allowing 20% to go overseas until 2031, in a change the premier, Roger Cook, said would boost the state’s gas industry.

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Verra urged to overhaul investigation process after REDD project loses $30 mln during probe

Carbon Pulse - Sat, 2024-09-21 00:55
Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.
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US market regulator approves voluntary carbon credit trading guidelines

Carbon Pulse - Sat, 2024-09-21 00:19
The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.
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Volvo vows to take action on nature, biodiversity

Carbon Pulse - Sat, 2024-09-21 00:04
Swedish carmaker Volvo has published a position paper on nature and biodiversity, pledging to take action to reduce its impacts and to invest in conservation and restoration to counterbalance residual negative effects of its activities.
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‘Breakthrough’ as taxation comes under watch of EU climate chief, CBAM still unclear

Carbon Pulse - Fri, 2024-09-20 23:38
With the European Commission’s new lineup it will be the EU’s climate action commissioner who will handle taxation policy, a move hailed as a “breakthrough” by a top official, although it is still unclear who will be in charge of the EU’s Carbon Border Adjustment Mechanism (CBAM).
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Second Mexican Yucatan IFM project collaboration yields 380k carbon credits

Carbon Pulse - Fri, 2024-09-20 23:11
A developer partnership announced Thursday the first tranche of issuance from their second improved forest management (IFM) project in Mexico’s Yucatan Peninsula region.
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European carbon trader joins Gunvor from Freepoint

Carbon Pulse - Fri, 2024-09-20 23:03
A European carbon trader previously with Freepoint Commodities has started with Switzerland-headquartered trading firm Gunvor Group, Carbon Pulse has learned.
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Budding market: hopes of a revival in UK cut-flower production

The Guardian - Fri, 2024-09-20 23:00

British growers are taking a increasing share of sales long dominated by imports by focussing on green credentials

From the tip of Cornwall to the far reaches of Scotland, the shoots of resurgence in the British cut-flower market are raising hopes of a fledgling return to home-produced fragrant flowers becoming a bigger part of the £1bn industry in the UK.

UK flower production bloomed to £179m last year, according to figures from Department for Environment, Food and Rural Affairs, up from £126m in 2019. The market has been dominated by imports, usually from Holland, for more than 50 years, but last year imports fell slightly to £761.8m from £869.1m in 2022.

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Sarawak coal mine poses significant carbon risk, more transparency needed -watchdog

Carbon Pulse - Fri, 2024-09-20 22:33
The continued existence of a large thermal coal mine in Sarawak, Malaysia, goes against the nation’s climate commitments and the opacity surrounding environmental approvals to its extension is a problem, an environment watchdog said Friday.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-09-20 21:59
The European carbon market moved with relative stability on Friday morning, ticking higher tracking a rebound in energy markets after a volatile previous session linked to reports of a Ukraine-Azerbaijan gas transit deal.
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People rescued from rooftops as flooding hits northern Italy – video

The Guardian - Fri, 2024-09-20 21:10

Firefighters have been rescuing people stranded on their balconies and rooftops after Storm Boris triggered flooding and landslides in the northern Italian region of Emilia-Romagna. Two people were reported missing in Traversara, a hamlet in Ravenna province, and about 1,000 people have been evacuated from their homes. Storm Boris has battered parts of Italy after causing havoc in eastern and central Europe

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ANALYSIS: Voluntary carbon market overlooking CORSIA insurance bottleneck

Carbon Pulse - Fri, 2024-09-20 20:59
Large volumes of eligible voluntary carbon credits for the UN's CORSIA international aviation offsetting scheme will take years to materialise due to supply requirements that force project developers to guarantee against double claiming risk, even if ICAO approves major standards for the current phase at a meeting in November.
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BRIEFING: Business groups nervous as final talks near on EU’s Green Claims Directive

Carbon Pulse - Fri, 2024-09-20 20:56
As EU institutions gear up for talks to finalise the proposed Green Claims Directive, participants in the voluntary carbon market have flagged issues with the draft bill, arguing it goes too far beyond its original objective of fighting greenwashing.
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Australian state pulls together big data for better CCS mapping

Carbon Pulse - Fri, 2024-09-20 20:26
The West Australian government is finding new ways to support companies interested in pursuing carbon capture and storage (CCS) projects in the state, as its mining and energy department has aggregated a large amount of historical oil and gas drilling information for use.
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CN Markets: CEA price rebound to 90 yuan level, trading volumes increase

Carbon Pulse - Fri, 2024-09-20 20:21
Chinese carbon allowance prices saw a modest recovery over the past week after the national holidays, with trading activity continuing to pick up ahead of the compliance deadline. 
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