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Uniper becomes latest utility to post double-digit EU fossil power generation drop

Carbon Pulse - Thu, 2024-08-08 23:31
German power company Uniper posted a significant fossil-based power generation slump over the first six months of the year, relative to 2023, amid ongoing demand weakness that continues to pressure EUAs.
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Egyptian NGO partners with energy firms to protect migratory birds in the Gulf of Suez

Carbon Pulse - Thu, 2024-08-08 23:28
An Egyptian nonprofit conservation group is launching a large project to protect thousands of migratory birds from the threats posed by electricity power lines in the Gulf of Suez, it announced on Thursday.
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Green shipping pioneer Maersk makes a U-turn on LNG

Carbon Pulse - Thu, 2024-08-08 23:23
One of the largest shipping companies in the world, Maersk, has backtracked on its previous anti-liquefied natural gas (LNG) position by announcing plans to purchase ships capable of running on the fuel, highlighting the difficulty of lowering shipping emissions.
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UK’s offshore tax hike can drive investments towards low-carbon energy -consultancy

Carbon Pulse - Thu, 2024-08-08 23:17
The UK government's decision to hike the windfall tax on offshore oil and gas isn't all bad news for energy companies, according to an energy consultancy that argues it could help to focus energy investments on decarbonisation. 
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INTERVIEW: Biodiversity markets could help Venice recover from lagoon ecosystems disaster

Carbon Pulse - Thu, 2024-08-08 22:58
A Venice-based conservation group is eyeing the biodiversity credit market to save the Italian city's lagoon ecosystems from destruction driven by shipping and mass tourism.
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Pegasus Capital looks to invest in nature opportunities with system-wide impacts

Carbon Pulse - Thu, 2024-08-08 22:53
US-headquartered private equity investor Pegasus Capital Advisors is looking to invest in nature-related companies via its land and ocean funds to help improve the sustainability of entire economic systems.
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Fossil fuel industry using ‘disinformation campaign’ to slow green transition, says UN

The Guardian - Thu, 2024-08-08 22:29

Climate adviser says world leaders must show ‘maximum ambition’ to prevent people being harmed by climate crisis

Fossil fuel companies are running “a massive mis- and disinformation campaign” so that countries will slow down the adoption of renewable energy and the speed with which they “transition away” from a carbon-intensive economy, the UN has said.

Selwin Hart, the assistant secretary general of the UN, said that talk of a global “backlash” against climate action was being stoked by the fossil fuel industry, in an effort to persuade world leaders to delay emissions-cutting policies. The perception among many political observers of a rejection of climate policies was a result of this campaign, rather than reflecting the reality of what people think, he added.

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Categories: Around The Web

Credit retirements for H1 2024 consistent with last year for volume and buyer type -report

Carbon Pulse - Thu, 2024-08-08 21:38
Some 104 million carbon credits were retired in the first six months of this year, mirroring the total from H1 2023, and with most sold to companies in the energy sector in alignment with previous years' trends, according to the latest AlliedOffsets Corporate Buyers Report.
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Italy’s new law to cut red tape for renewables

Carbon Pulse - Thu, 2024-08-08 21:32
The Italian government passed a draft legislative decree on Wednesday, aiming to cut red tape for the production of energy from renewable sources.
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New climate platform launched for the Global South

Carbon Pulse - Thu, 2024-08-08 21:08
A new climate and capacity-building tool for the Global South was introduced this week with the aim to enhance access to knowledge and resources, particularly in climate finance, and overcome barriers to entry in the region.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-08-08 21:06
EUAs continued to closely track TTF gas prices on Thursday, as they once again bounced back off a key technical resistance level, with the market struggling to find a clear direction amid quiet summer trading and a lack of fundamental influence.
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High integrity carbon markets a “game changer” for developing countries -World Bank

Carbon Pulse - Thu, 2024-08-08 20:24
Carbon markets globally are being held back due to a lack of trust, but they could be a game changer in advancing climate action and bring tangible benefits, especially for developing countries, according to a report published by the World Bank.
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China to publish 70 national carbon-related standards this year

Carbon Pulse - Thu, 2024-08-08 20:00
Chinese regulators have released a work plan to standardise carbon emission calculations across key sectors, which can support the country's dual carbon targets and carbon pricing schemes.
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Renewable energy voluntary carbon credits “running out of steam”, say analysts

Carbon Pulse - Thu, 2024-08-08 19:52
Interest is waning in voluntary carbon credits from renewable energy projects, according to analysis published in the wake of a decision made by the the Integrity Council for the Voluntary Carbon Market (ICVCM) to reject related methodologies from the sought-after Core Carbon Principles (CCPs) quality label.
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French investor considers generating Costa Rican biodiversity credits

Carbon Pulse - Thu, 2024-08-08 19:16
A French asset manager is considering generating voluntary biodiversity credits from a conservation project in Costa Rica, part of which is preparing to produce carbon credits, Carbon Pulse has learned.
Categories: Around The Web

Japanese climate tech firm raises $5.3 mln in latest fundraising round

Carbon Pulse - Thu, 2024-08-08 18:18
A Tokyo-based climate tech company on Thursday announced it had secured $5.3 million in the second close of its Series C round.
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Carbon registry, marketplace team up to enhance trading and retirements

Carbon Pulse - Thu, 2024-08-08 18:12
An international carbon registry and a marketplace for environmental commodities have integrated their technologies in an effort to make carbon credit transactions and retirements more accessible, transparent, and efficient. 
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