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S&P sees global carbon markets picking up ‘in all scenarios’

Carbon Pulse - Thu, 2024-09-05 22:58
While carbon markets are helping to stem global warming, even a "very strong" energy transformation scenario would only limit global temperature rise to 2.4C, analysts said at a webinar this week.
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Carbon removals are expensive but essential, finds report

Carbon Pulse - Thu, 2024-09-05 21:51
Corporate financing of carbon removals will be crucial to keeping aligned with Paris Agreement commitments but they are not being deployed at the speed and scale necessary, a working paper from a UK university has argued.
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Rare moth found in Norfolk village 50 years after becoming ‘extinct’ in Britain

The Guardian - Thu, 2024-09-05 21:50

Enthusiasts discovered Norfolk snout, thought to have died out in the UK in 1971, in their garden

The Norfolk snout was always a rare moth in Britain. By the late 1960s, populations of this small beige moth with a distinctive protuberant “nose” had dwindled to just one site – a working quarry in north-west Norfolk.

Bad weather or possibly over-collecting by a few zealots meant that the moth, which has a 20mm wingspan, became extinct in Britain in 1971.

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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-09-05 21:49
European carbon allowance prices were marginally firmer at midday on Thursday, with the benchmark clawing back early losses as energy markets appeared to be stabilising after three days of declines.
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INTERVIEW: Bioeconomy can help biodiversity credit developers in the Amazon survive lack of demand

Carbon Pulse - Thu, 2024-09-05 21:23
Implementing a 'bioeconomy' approach on biodiversity credit project areas in the Amazon could help developers stay afloat at a time when demand for units has yet to pick up, the founder of a Brazil-based nature tech company has told Carbon Pulse.
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World Bank arm invests $60 mln to decarbonise Indonesia’s second largest steel producer

Carbon Pulse - Thu, 2024-09-05 21:21
The World Bank’s International Finance Corporation (IFC) has provided a loan of $60 million to the second largest steel producer in Indonesia in order to help the firm transition to low-carbon production and drive sector-wide decarbonisation.
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Fintech startup ties up with Dubai marketplace to sell asset class carbon credits

Carbon Pulse - Thu, 2024-09-05 21:09
A startup focused on exchange-traded carbon investments has tied up with a Dubai-headquartered e-marketplace firm to offer voluntary credits to its clients.
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Brazilian startup releases pre-print biodiversity credit methodology for endangered species

Carbon Pulse - Thu, 2024-09-05 20:37
A Brazilian startup released on Wednesday the first version of its biodiversity credit methodology for endangered species, predominantly focused on plants, after implementing a two-month trial on a small private land area.
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Japan provides $93 bln to support global oil and gas projects over past decade, study says

Carbon Pulse - Thu, 2024-09-05 20:36
Japanese public financial institutions provided a staggering $93 billion in support for overseas oil and gas projects over the last decade, four times larger than that provided for clean energy projects, a report has found.
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Investors ask chemical company to avoid wetland mining

Carbon Pulse - Thu, 2024-09-05 20:29
Some 20 investors managing $695 billion in assets collectively have asked a chemical company to avoid mining a wetland in the US for titanium, in a letter on Tuesday.
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Anti-pollution law to threaten water bosses with jail

BBC - Thu, 2024-09-05 19:40
New legislation gives regulators more powers to tackle water pollution in England and Wales.
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EU’s Ribera calls for doubling investment in electricity grids

Carbon Pulse - Thu, 2024-09-05 19:32
The Spanish ecological transition minister, who is widely tipped for the European Commission’s climate portfolio, has highlighted the importance of ramping up investments in electricity grids to support the green transition.
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AU Market: Forward ACCU prices yet to factor in fundamental Safeguard demand drivers, analysis says

Carbon Pulse - Thu, 2024-09-05 18:43
The mismatch between forward prices displayed in Australia's carbon market and projected price increases is a result of fundamental demand drivers failing to be factored into the market, according to analysis published Thursday.
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South Korea and Japan to launch global working group on carbon-free energy

Carbon Pulse - Thu, 2024-09-05 18:38
South Korea and Japan have decided to extend their collaboration and launch a global working group on the development of carbon-free energy.
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Malaysia targets net zero emissions from aviation by 2050

Carbon Pulse - Thu, 2024-09-05 18:37
The Malaysian government has released a decarbonisation blueprint for its aviation sector, targeting net zero emissions by 2050, it announced Thursday.
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Urgent review of Woodside billion-dollar WA gas project needed to protect threatened snake, government advisers say

The Guardian - Thu, 2024-09-05 17:50

Dusky sea snake was placed on threatened species list this week and is known only to exist on a small number of reefs off the Kimberley coastline

Conservation scientists advising the federal government have called for fossil fuel activity in the location of Woodside’s proposed multibillion gas project to be urgently reviewed to protect the stronghold of an endangered sea snake.

The dusky sea snake, Aipysurus fuscus, was placed on the country’s threatened species list this week and is known only to exist on a small number of reefs off the Western Australia Kimberley coastline.

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IBAC introduces carbon offset marketplace for aviation companies

Carbon Pulse - Thu, 2024-09-05 15:33
The International Business Aviation Council (IBAC) has introduced a new platform for aviation companies to purchase offsets through a renewed partnership with a voluntary carbon exchange.
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Australia may delay release of 2035 climate target as world awaits outcome of US election

The Guardian - Thu, 2024-09-05 14:48

Experts urge Australia not to delay target too long as report by Climate Change Authority identifies six barriers to net zero

The Australian government may delay the announcement of a 2035 climate target until after the February deadline and beyond the next election, in part due to uncertainty about the ramifications of the US presidential election.

Some big emitting countries are lagging in developing their 2035 emissions reduction targets, which under the Paris climate agreement are due before the UN climate summit in Belém, Brazil, in November next year.

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