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Analysts reduce CCA price estimates following rulemaking delay, call WCAs overvalued

Carbon Pulse - Tue, 2024-08-06 10:25
Analysts have once again lowered their California Carbon Allowance (CCA) price forecasts to account for the extended rulemaking timeline, and expect Washington Carbon Allowance (WCA) prices to remain steady despite being "overvalued" due to the ongoing threat of a repeal.
Categories: Around The Web

Researchers propose setting a standalone global carbon removal budget

Carbon Pulse - Tue, 2024-08-06 09:01
Researchers from the University of Oxford have proposed establishing a separate budget for carbon removal alongside the existing global carbon budget for CO2 emissions.
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Soft plastics, glass bins and bans on compostable liners: will Victoria’s new recycling proposal be a step forward?

The Conversation - Tue, 2024-08-06 06:20
We all say we like recycling. But contamination rates are high. Victoria’s government hopes a new bin for glass and recycling soft plastic can help. Bhavna Middha, ARC DECRA and Senior Research Fellow, Centre for Urban Research, RMIT University Ralph Horne, Associate Deputy Vice Chancellor, Research & Innovation, College of Design & Social Context, RMIT University Licensed as Creative Commons – attribution, no derivatives.
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Australian gas giant bets on CBAM giving new green ammonia plant price advantage

Carbon Pulse - Tue, 2024-08-06 02:51
Australia’s Woodside Energy has made a surprise $2 billion investment in a Texan clean ammonia plant, hoping the EU's Carbon Border Adjustment Mechanism (CBAM) and contracts-for-difference schemes in Asia will help it command a premium on the market.
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UK govt eases planning rules to boost solar and wind farm development

Carbon Pulse - Tue, 2024-08-06 02:22
The UK government plans to relax planning regulations to make it easier and cheaper to build solar farms and onshore wind turbines across the country.
Categories: Around The Web

FEATURE: Systemic rejections of wind and solar make it hard for Italy to hit climate goals

Carbon Pulse - Tue, 2024-08-06 02:06
Regular rejections to new wind and solar capacity in Italy are a reality check for a country that has just strengthened its climate goals and intends to rely more on renewable energy in the next few years.
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A naked mole rat: the world’s only ‘eusocial’ mammal has an endlessly pregnant queen | Helen Sullivan

The Guardian - Tue, 2024-08-06 01:00

Each piece of information about this xenophobic rodent is worse than the last, but you cannot stop reading

To read about the naked mole rat is to come across information that you wish you never knew – and then to look for more.

The first thing to know about this tunnelling creature is that some people call them sand puppies. The next is that they are the world’s only “eusocial” mammal. What could that mean, you wonder, and you look it up: as it is with termites, so it is with naked mole rats.

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VCM Report: SBTi uncertainty casts doubt over voluntary carbon market as N-GEO hits fresh low

Carbon Pulse - Tue, 2024-08-06 00:47
Liquidity remained thin and participants cited an uncertain outlook for the voluntary carbon market in the wake of a series of 'confusing' technical documents published by the Science Based Targets initiative (SBTi) last week, which confirmed that a final decision on carbon credit use under the organisation's corporate standard will take place at the end of 2025.
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High-level climate talks suggest headway on Article 6, other COP29 priorities

Carbon Pulse - Mon, 2024-08-05 23:16
Two recent high-level climate meetings have sent promising signs that remaining Article 6 issues will be resolved at COP29, and that governments remain committed to last year's pledge to transition away from fossil fuels, according to an EU source.
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British engineering giant to sell a stake in nuclear business

Carbon Pulse - Mon, 2024-08-05 23:16
A British aerospace and defence company is set to sell a stake in its mini-nuclear power stations arm.
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Analysis suggests Barclays continues to fund US coal power operators

Carbon Pulse - Mon, 2024-08-05 22:52
Barclays bank helped raise $1.7 billion for companies operating coal-fired power plants in the US, apparently exceeding its its commitment to stop financing companies that make more than half their revenue from coal, according to new analysis.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-08-05 21:51
EUAs slumped as much as 3.9% on Monday morning as a sell-off across global equities and bearish energy markets heaped pressure onto European carbon, as the Japanese stock index saw its heaviest losses in nearly 40 years amid recession fears.
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APAC business group proposes setting regional voluntary carbon market, urges govts to issue climate bonds

Carbon Pulse - Mon, 2024-08-05 21:16
The Asia Pacific Economic Cooperation Business Advisory Council (ABAC) over the weekend proposed setting up a pilot voluntary carbon market programme for the region, and urged governments to issue climate bonds in order to boost climate response.
Categories: Around The Web

Australian investor eyes nature-based projects as “infrastructure-like” asset class

Carbon Pulse - Mon, 2024-08-05 21:13
An Australian carbon credit developer with a focus on nature-based solutions has been quietly putting together a pipeline of over 10 projects worth a combined A$50 million ($32.3 mln) with four developers, saying it is approaching the sector in a similar way as traditional infrastructure programmes to ensure finance is scalable as demand grows.
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US asset managers finance deforestation-linked company through ESG funds, report shows

Carbon Pulse - Mon, 2024-08-05 20:58
Major US asset managers are channelling millions towards the world’s largest meatpacker allegedly responsible for deforestation, biodiversity loss, and human rights violations through Environmental, Social, and Governance (ESG) labelled funds, a report has unveiled.
Categories: Around The Web

Kamala Harris played a crucial role in passing one of the strongest climate laws in the world | Leah C Stokes

The Guardian - Mon, 2024-08-05 20:15

America’s landmark climate law, which turns two years old this month, has Harris’s signature all over it

Two years ago today, I watched as Kamala Harris cast the tie-breaking vote for the largest climate investment in American history. It was an emotional moment. After decades of inaction, America had finally passed a climate law – one of the strongest climate laws in the world.

I didn’t know it then, but a month later I would get a call asking if I would like to interview the vice-president about climate policy.

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Categories: Around The Web

Australian Conservation Foundation’s X account suspended after apparent ‘report bombing’

The Guardian - Mon, 2024-08-05 19:59

‘I do believe we are being targeted and they are trying to silence us out of this space,’ ACF spokesperson says

The X account of the Australian Conservation Foundation was suspended for more than 24 hours with the charity saying it believes it is being “report bombed by pro-nuclear groups” seeking to remove negative commentary.

The environment charity’s X account @AusConservation was suspended on Sunday morning, sparking outrage among supporters. The account was reinstated late on Monday, but without the charity’s 32,000 followers.

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Categories: Around The Web

Carbon project developer sees slight Q2 growth in voluntary credit pipeline, validates first project

Carbon Pulse - Mon, 2024-08-05 19:37
A Dutch carbon project developer saw a slight rise in its carbon unit pipeline in Q2 and expects its first credit issuance by the end of this year, according to its latest results.
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Environmental watchdog slams proposed Australian gas development

Carbon Pulse - Mon, 2024-08-05 17:15
The environmental authority in Western Australia has recommended that one of the nation’s largest gas discoveries remain undeveloped as it would threaten turtles, whales, and a reef.
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