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Renewables overtake fossil fuels to provide 30% of EU electricity

The Guardian - Tue, 2024-07-30 14:00

Report finds 13 member states generated more energy from wind and solar power than coal and gas for first time in 2024

Wind turbines and solar panels have overtaken fossil fuels to generate 30% of the European Union’s electricity in the first half of the year, a report has found.

Power generation from burning coal, oil and gas fell 17% in the first six months of 2024 compared with the same period the year before, according to climate thinktank Ember. It found the continued shift away from polluting fuels has led to a one-third drop in the sector’s emissions since the first half of 2022.

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Categories: Around The Web

Clarity on quality needed to accelerate growth in the CDR industry -panel

Carbon Pulse - Tue, 2024-07-30 11:43
Although buyer expectations surrounding higher quality carbon removal (CDR) credits have picked up in recent months, the lack of clarity on standards continues to hinder market participation, panellists at a webinar said Monday.
Categories: Around The Web

Air NZ drops 2030 emissions target, pulls out of SBTi

Carbon Pulse - Tue, 2024-07-30 11:39
Air New Zealand on Tuesday dropped its 2030 carbon emissions intensity target and announced it is withdrawing from the Science Based Target initiative (SBTi), citing uncertain regulatory support and lack of sustainable aviation fuel (SAF) supply.
Categories: Around The Web

California Senate will pursue cap-and-trade reauthorisation next year

Carbon Pulse - Tue, 2024-07-30 10:32
The California Senate, led by the Senate president, will pursue programme reauthorisation of the state's cap-and-trade next year, Carbon Pulse has learned.
Categories: Around The Web

Wildfires burning at least 13,000 acres of offset project under California regulator ARB, research group estimates

Carbon Pulse - Tue, 2024-07-30 10:29
A research group estimates 13,000 acres (5,300 ha) of a California regulator ARB-approved offset project have burned in Washington state as of Friday, potentially marking the project’s fourth unintentional reversal in its lifetime, as at least four other compliance offset projects burn in California Monday.
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RGGI Market: RGAs skyrocket to new records amidst ongoing power demand, programme review silence

Carbon Pulse - Tue, 2024-07-30 10:22
RGGI allowances (RGA) skyrocketed to historic highs over the last week, as market participants attributed the rally to ongoing compliance demand and uncertainty around the programme review, noting the market is overvalued, whilst a non-profit suggested earlier and more ambitious budget allowance cuts.
Categories: Around The Web

EU fossil generation falls to record low as renewables meets growing demand -data

Carbon Pulse - Tue, 2024-07-30 08:01
EU fossil power generation fell to an all-time low in the first half of the year as the bloc’s electricity system continues its rapid shift towards renewables, according to new data released on Tuesday.
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Coral restoration is a speculative, feel-good science that won’t save our reefs

The Conversation - Tue, 2024-07-30 06:14
Coral restoration is, at best, a feel-good measure – and at worst, a dangerous distraction from climate action. Robert Paul Streit, Research Fellow in Just Ocean Governance, The University of Melbourne David Roy Bellwood, Professor, James Cook University Tiffany Morrison, Professorial Research Fellow, James Cook University and Professor, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

Our beef with ‘Big Meat’: the power perpetuating Australia’s live export trade is at play elsewhere

The Conversation - Tue, 2024-07-30 06:13
Australia’s live export trade is controversial. Have you ever wondered how it perpetuates? New research shows it comes down to corporate power dynamics. Similar forces operate in Brazil and the US. Katherine Sievert, Research Fellow in Food Systems, Deakin University Christine Parker, Professor of Law, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

First trade of new Egyptian voluntary carbon market likely this week -media

Carbon Pulse - Tue, 2024-07-30 03:19
Egypt’s new voluntary carbon market (VCM) trading platform will likely see its first carbon credit trade occur this week, between an agricultural collective seller and a food processing company buyer, according to local media.
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VCM Report: New standardised CCP contracts launch as flurry of CBL carbon trade lights up dull summer market

Carbon Pulse - Tue, 2024-07-30 02:36
Last week's arrival of standardised contracts based on the Core Carbon Principles (CCPs) high integrity label could spark life into a voluntary carbon market that is generally wallowing in a summer slumber, despite a splurge of activity on the CBL marketplace.
Categories: Around The Web

LATAM Roundup: Public, private sectors seek collaboration on carbon pricing

Carbon Pulse - Tue, 2024-07-30 02:01
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 28, which saw convergences between public policy on one hand, and private sector initiatives on the other, as a broadening array of LATAM countries and companies throw their weight behind carbon pricing.
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