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Slump in ETS-covered gas generation drives UK emissions 5.4% lower in 2023

Carbon Pulse - Thu, 2024-03-28 23:51
The UK's greenhouse gas emissions fell by 5.4% in 2023, according to government data published Thursday, mainly driven lower by a reduction in gas use for power production covered by the country's carbon market.
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Early auctions for ETS2 would help hedging, price discovery -analyst

Carbon Pulse - Thu, 2024-03-28 23:30
As companies prepare for the start of the ETS2 in 2027, there are currently no possibilities for them to hedge against rising CO2 prices on the EU’s newly-created carbon market for transport and heating fuels, writes a prominent carbon market analyst.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-03-28 22:41
European carbon prices eased marginally lower on Thursday morning after initial strength, with energy markets also falling and the daily auction clearing below the spot value, as traders await the publication of verified emissions data next week.
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British and EU businesses call for ETS linkage in joint letter

Carbon Pulse - Thu, 2024-03-28 22:35
A group of British and EU business and trade associations have called on the UK’s energy minister to initiate negotiations with Brussels to link the two compliance carbon markets as a matter of urgency.
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Maersk still profiting from ETS surcharges, NGO says in response to company’s pushback

Carbon Pulse - Thu, 2024-03-28 21:33
The NGO Transport & Environment is standing firm on claims that AP Moller-Maersk is charging customers more than the actual cost of complying with the EU ETS, after updating its analysis in response to pushback from the Danish major. 
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CN Markets: Chinese CO2 allowance price reaches fresh landmark high amid growing optimism

Carbon Pulse - Thu, 2024-03-28 21:18
Chinese carbon allowances hit another record high secondary market spot price on Thursday, as optimism remains over upcoming regulatory updates including sectoral expansion of the emissions trading scheme.
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Japan set to tighten data reporting requirements for domestic rice carbon projects

Carbon Pulse - Thu, 2024-03-28 20:12
The committee steering Japan’s J-Credit programme is considering strengthening data reporting requirements for an increasingly popular rice-focused methodology to ensure credit quality.
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INTERVIEW: Australian group looks to develop regions-based nature repair model

Carbon Pulse - Thu, 2024-03-28 20:01
An Australian environmental conservation organisation is seeking local government funding to establish environmental accounts that could inform biodiversity pilot projects, create jobs, and spur conservation efforts for the region.
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Surging food waste puts biodiversity under increasing pressure, UNEP says

Carbon Pulse - Thu, 2024-03-28 18:28
Households worldwide squandered over one billion meals a day in 2022, as challenges in reducing food waste threaten to hold back progress towards achieving global biodiversity targets, a UN Environment Programme (UNEP) report has said.
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Safeguard facilities surrender 1.2 mln ACCUs in 2022-23, regulatory data shows

Carbon Pulse - Thu, 2024-03-28 17:15
Safeguard Mechanism data published by Australia’s Clean Energy Regulator Thursday showed facilities covered by the scheme surrendered 1.218 million Australian Carbon Credit Units 2022-23.
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INTERVIEW: EU carbon prices haven’t seen bottom yet, veteran analyst warns

Carbon Pulse - Thu, 2024-03-28 16:52
EU carbon prices have probably not seen their multi-year bottom yet and will likely head south again to re-test the key €50 level in the coming months, a veteran market analyst told Carbon Pulse.
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US firm takes majority stake in Norwegian carbon capture business

Carbon Pulse - Thu, 2024-03-28 16:07
A Texas-headquartered oil tech company will acquire majority ownership in a Norwegian carbon capture firm to accelerate industrial decarbonisation, it announced Wednesday.
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Surge of new oil and gas activity threatens to wreck Paris climate goals

The Guardian - Thu, 2024-03-28 16:00

World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds

The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly approved projects by the end of this decade, with the US leading the way in a surge of activity that threatens to blow apart agreed climate goals, a new report has found.

There can be no new oil and gas infrastructure if the planet is to avoid careering past 1.5C (2.7F) of global heating, above pre-industrial times, the International Energy Agency (IEA) has previously stated. Breaching this warming threshold, agreed to by governments in the Paris climate agreement, will see ever worsening effects such as heatwaves, floods, drought and more, scientists have warned.

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Could spending a billion dollars actually bring solar manufacturing back to Australia? It’s worth a shot

The Conversation - Thu, 2024-03-28 15:51
What would it mean to bring solar manufacturing back on shore in Australia? Brett Hallam, Associate professor, UNSW Sydney Fiacre Rougieux, Senior Lecturer, Photovoltaic and Renewable Energy Engineering, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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Marine protected areas safeguard more than ecology – they bring economic benefits to fisheries and tourism

The Conversation - Thu, 2024-03-28 15:47
Marine protection represents our best strategy to reverse declining biodiversity. But protected areas also provide a low-tech and cost-effective way for the fishing industry to safeguard stocks. Mark John Costello, Professor, Faculty of Biosciences and Aquaculture, Nord University Licensed as Creative Commons – attribution, no derivatives.
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From a graceful turn to a dangerous toy: the World Nature Photography awards 2024 – in pictures

The Guardian - Thu, 2024-03-28 13:04

The World Nature Photography award winners have been announced from a pool of entries from all corners of the globe – including a baby elephant in Kenya and an owl-like plant in Thailand. The top award and cash prize of $1,000 went to Tracey Lund from the UK for her image of two gannets under the water off the coast of the Shetland Islands. Lund and her fellow winners were drawn from thousands of images

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French biochar developer receives €18 mln to scale carbon removal

Carbon Pulse - Thu, 2024-03-28 12:36
A French biochar solution provider has secured a new funding round of €18 million with a government-backed fund in the hope of scaling carbon removal in emerging countries.
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E-waste drawers of doom growing, say campaigners

BBC - Thu, 2024-03-28 12:20
Our household hoards of unused electricals and broken tech are growing, recycling campaigners warn.
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