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Verra adopts Peru’s REDD baselines as developers’ backlash to benchmarks continues

Carbon Pulse - Thu, 2024-07-25 05:54
Verra’s revamped methodology for reducing emissions from deforestation and forest degradation in developing countries (REDD) includes a module for unplanned avoided deforestation that sets jurisdictional baselines instead of relying on project-specific ones, but it will lift the Peruvian government’s nationally set REDD reference level, Carbon Pulse heard on a stakeholder webinar Wednesday.
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Cairngorms estate goes back on sale after criticism of ‘green laird’ owner

The Guardian - Thu, 2024-07-25 04:09

Campaigners say sudden sale suggests Abrdn’s use of Scottish countryside was ‘get-rich-quick scheme’

A Scottish estate that became a lightning rod for disputes over wealthy “green lairds” buying up the Highlands has been unexpectedly put up for sale.

The Far Ralia estate in the Cairngorms has gone on the market for £12m, three years after it was bought for £7.5m by an investment trust run by Standard Life, now Abrdn, as a way to offset carbon emissions from its properties.

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Credit retirements fall 10% in Q2 as corporates shift away from ‘carbon neutrality’ claims -analysts

Carbon Pulse - Thu, 2024-07-25 03:13
Credit retirements in the voluntary carbon market fell 10% in Q2 2024 compared to Q2 2023, while corporates are increasingly wary of adopting ‘carbon neutrality’ claims, according to VCM analysts carrying out a quarterly review of the market.
Categories: Around The Web

Plenty of room available for renewables in Europe, campaigners say

Carbon Pulse - Thu, 2024-07-25 02:27
A massive expansion of solar and wind energy to meet EU climate goals does not require Europe to compromise on food production or nature protection goals, campaigners said on Wednesday.
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Monday was hottest recorded day on Earth: ‘Uncharted territory’

The Guardian - Thu, 2024-07-25 01:57

Data shows that the global surface air temperature reached 62.87F compared with 62.76F on Sunday.

World temperature reached the hottest levels ever measured on Monday, beating the record that was set just one day before, data suggests.

Provisional data published on Wednesday by the Copernicus Climate Change Service, which holds data that stretches back to 1940, shows that the global surface air temperature reached 62.87F (17.15C), compared with 62.76F (17.09C) on Sunday.

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Science-based targets overly simplistic and can lead to unequal distribution of responsibility -paper

Carbon Pulse - Thu, 2024-07-25 01:57
There are major issues with how science-based targets are set by companies and governments alike, including basic misinterpretation and over-simplification, scientists have warned.
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Global fertiliser company signs up for green offtake from Paraguay

Carbon Pulse - Thu, 2024-07-25 01:35
A global crop nutrition company and a green fertiliser firm have signed an agreement for the offtake of a calcium ammonium nitrate (CAN) fertiliser project in Villeta, Paraguay. 
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Tree bark plays vital role in removing methane from atmosphere, study finds

The Guardian - Thu, 2024-07-25 01:28

Researchers uncover ‘remarkable new way in which trees provide a vital climate service’ by reducing emissions

Microbes in the bark of trees play a vital role in removing methane from the atmosphere, scientists have discovered.

The greenhouse gas is a product of agriculture and the burning of fossil fuels and is 28 times more potent than carbon dioxide. However, it remains in the atmosphere for a shorter time.

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Global coal demand to remain unchanged through 2025, despite rise in renewables -IEA

Carbon Pulse - Thu, 2024-07-25 01:12
Global consumption of coal will remain unchanged through 2025 due to the rising demand for electricity in major economies, despite a rapid expansion of renewables, the International Energy Agency (IEA) said Wednesday.
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Rare fossils reveal secrets of mammal evolution

BBC - Thu, 2024-07-25 01:02
The fossils hold clues as to how mammals that lived in the shadow of dinosaurs evolved to dominate the world.
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Clear Sky announces two SAF deals on Wednesday 

Carbon Pulse - Thu, 2024-07-25 01:00
Clear Sky, an investment company specialising in aviation sustainability, announced two sustainable aviation fuel (SAF) partnerships on Wednesday. 
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Steelmakers throw weight behind EU power market reform to drive decarbonisation

Carbon Pulse - Thu, 2024-07-25 00:24
The new ‘Clean Industrial Deal’ outlined by European Commission President Ursula von der Leyen last week should include a reform of EU electricity market rules, so that heavy industries can benefit from low-cost renewable and nuclear energy, EU trade association Eurofer told Carbon Pulse in an exclusive interview.
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‘High quality, low price and dizzying variety’: how the Chinese switched to electric cars

The Guardian - Wed, 2024-07-24 23:00

The country has long been the world’s biggest market – but the government’s interest is more geopolitical than environmental

When Kenzi, an advertising worker in Shanghai, bought an electric vehicle in November she wasn’t even thinking about the environmental benefits. She had read Elon Musk’s biography and thought the Tesla 3 looked good. She also knew that if she bought an EV she could bypass the long wait and cost of getting licence plates, which are rationed by the government.

“It’s not easy to get a licence plate in Shanghai, but you get a licence for free when you buy an EV,” she said.

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EKI Energy reports net profit in last quarter following its venture into power trading

Carbon Pulse - Wed, 2024-07-24 22:37
India’s leading carbon credit developer and supplier EKI Energy Services has posted a net profit of 8.4% or INR 348.3 lakh ($0.42 million) in the quarter ending June, on the back of increased income from its venture into power trading, the company announced Tuesday.
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President Ramaphosa signs into law South Africa’s landmark Climate Change Bill

Carbon Pulse - Wed, 2024-07-24 22:33
South African President Cyril Ramaphosa has signed into law the country’s landmark Climate Change Bill, imposing emissions caps on major polluters, the government announced on Tuesday.
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CAR releases draft Argentina biogas livestock protocol for public comment

Carbon Pulse - Wed, 2024-07-24 22:04
The Climate Action Reserve (CAR) standard has released a draft version of the Argentina Livestock Protocol, aiming for greater coherence in the accounting and reporting of greenhouse gas (GHG) emission reductions in Argentina's livestock sector. 
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Australia could fix landscapes with just 0.3% of GDP in funding -scientists

Carbon Pulse - Wed, 2024-07-24 21:48
Australia could mend much of its degraded landscapes by directing A$7.3 billion ($4.8 bln) in funding per year, equivalent to 0.3% of GDP, a group of scientists said in ‘first-of-its-kind’ in-depth investment analysis on Wednesday.
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It’s easy to blame petrostates – but self-proclaimed ‘climate leaders’ like the US and UK are driving the crisis | Tessa Khan

The Guardian - Wed, 2024-07-24 21:30

In thrall to the oil and gas industries, wealthy nations are backing calamitous projects. But the tide is turning

  • Tessa Khan is executive director of the climate action organisation Uplift

It is a delusion to believe that the world’s climate is being pushed to the brink solely by undemocratic petrostates such as Russia and Saudi Arabia. The truth is that about half of all planned oil and gas developments between now and 2050 will be sanctioned by wealthy governments that position themselves as climate leaders: the US, Canada, Australia, Norway and the UK.

It is the countries that like to think of themselves as the good guys that are driving the climate crisis – and not just because of historical emissions and the high-carbon lifestyles of our middle class. It is because our governments refuse to take one of the most obvious actions needed to stop the crisis: keeping oil and gas in the ground. As we have heard time and again, governments are planning to sanction vastly more oil and gas than can be burned in a world with a safe climate.

Tessa Khan is a lawyer and the executive director of the climate action organisation Uplift

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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-07-24 21:22
European carbon prices extended their gains from Tuesday, continuing to erase the last four days of losses as traders pursued the technical rally and compensated for the lack of a daily auction, while the weekly Commitment of Traders data showed a sizeable increase in speculative short positions, underpinning the gains as participants looked to test bearish conviction.
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