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Global credit market could slash costs of ocean conservation by 98%, study says

Carbon Pulse - Mon, 2024-06-17 22:16
Establishing a voluntary market-based scheme that allows countries to trade ocean conservation credits could reduce the costs of marine protection by up to 98%, incentivising governments to achieve their biodiversity targets, a paper has said.
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‘It can feel like a detective story’: birders asked to help find 126 ‘lost’ bird species

The Guardian - Mon, 2024-06-17 21:30

The birds have not been seen for at least a decade – some for more than 100 years – but the authors of a new list of missing species have not given up hope

The coppery thorntail and New Caledonian lorikeet are among the 126 birds “lost” to science, having not been seen for a decade or more, according to the most comprehensive list of missing species composed to date.

The new tally is based on millions of records collected by enthusiastic birders and amateur scientists documenting wildlife in some of the planet’s most remote locations. To be part of the dataset, the bird must not have a recorded sighting in at least a decade, and not be assessed as extinct or extinct in the wild by the IUCN Red List of Threatened Species.

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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-06-17 21:21
With the June options contract expiry just two days away, European carbon prices appeared to find a level with sellers' efforts to drive prices lower running in to more robust buying interest, leaving EUAs lagging behind a steeper drop in natural gas and confirming that the correlation between the two has temporarily been broken.
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EU gives final green light to Nature Restoration Law in ‘historic’ move

Carbon Pulse - Mon, 2024-06-17 19:41
EU environment ministers agreed on Monday to green-light a regulation that aims to restore natural habitats, ending a year-long legislative back-and-forth in what campaigners hailed as an "historic step" in the fight against the biodiversity and climate crises.
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Coalition to impose ‘cap’ on renewable energy investment, Nationals leader says

The Guardian - Mon, 2024-06-17 17:16

David Littleproud claims Australia doesn’t need ‘large-scale industrial windfarms’ like the planned offshore zone south of Sydney

David Littleproud has claimed Australia doesn’t need “large-scale industrial windfarms” like the planned offshore zone south of Sydney, adding the Coalition will “cap” federal government investment into renewable energy if elected.

The Nationals leader visited Wollongong on Monday, where he promised the opposition would instead offer a “calm” and “methodical” energy pathway to net zero by 2050.

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Australia, China to resume climate change and energy dialogue, cooperate on soil carbon testing

Carbon Pulse - Mon, 2024-06-17 16:32
China and Australia have signed an updated Memorandum of Understanding (MoU) to cooperate more closely on climate change and energy, the two countries announced Monday.
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Without mindset change, biodiversity credits are only good for marketing, Landbanking Group founder says

Carbon Pulse - Mon, 2024-06-17 16:20
A radical mindset change in how companies address their dependencies on nature is key to ensuring biodiversity credits emerge as an effective solution to tackle ecosystem and species loss, the founder of Germany-based tech startup Landbanking Group told Carbon Pulse.
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PREVIEW: New Zealand unlikely to sell any NZUs at upcoming auction, participants say

Carbon Pulse - Mon, 2024-06-17 15:49
New Zealand market participants have all but written off any chance Wednesday’s government NZU auction will clear due to the secondary market trading at prices below the auction price floor amid ongoing regulatory uncertainty.
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Beavers create habitat suitable for water voles in Scottish rainforest

The Guardian - Mon, 2024-06-17 15:00

Beavers’ dams have created more places for water voles to hide from predators and hopefully flourish, say experts

Beavers reintroduced to a Scottish rainforest 15 years ago may have created the right habitat for the area’s endangered water voles to flourish.

The voles, once abundant in Scotland but now one of the country’s most threatened native animals, could thrive in the “complex boundary between water and land” that beavers have created in Knapdale in Argyll and Bute since their reintroduction there in 2009.

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‘Nuclear energy won’t stop cows from burping’: Peter Dutton needs a plan that goes beyond the electricity sector

The Conversation - Mon, 2024-06-17 14:13
If Australia is to achieve net-zero emissions by 2050, the Coalition needs to stump up with a plan to decarbonise the entire economy. Tony Wood, Program Director, Energy, Grattan Institute Licensed as Creative Commons – attribution, no derivatives.
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Budget cuts to climate funding mean NZ may now struggle to meet its international obligations

The Conversation - Mon, 2024-06-17 14:00
The government’s priorities are shifting towards adaptation to protect communities, jobs and industries. But the longer we wait to cut emissions, the more the costs of climate change will compound. Nathan Cooper, Associate Professor of Law, University of Waikato Licensed as Creative Commons – attribution, no derivatives.
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EU scientific advisors tell newly-elected Parliament to stay the course on climate

Carbon Pulse - Mon, 2024-06-17 14:00
While political priorities may shift following the 2024 European elections, the science remains clear: Europe must maintain momentum towards achieving its climate objectives, the EU’s scientific advisors said in a note to newly-elected MEPs on Monday.
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NZ warned it risks repeating past mistakes on ETS settings, consultation

Carbon Pulse - Mon, 2024-06-17 11:01
New Zealand emissions trading scheme observers have raised concerns with the government’s consultation process on its controls and settings, saying the lack of detail on key points makes it difficult to understand the coalition’s intentions. 
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Nature-based climate solutions gain traction in Global South cities, but challenges remain -report

Carbon Pulse - Mon, 2024-06-17 10:56
Nature-based solutions (NBS) are being increasingly adopted to address urban environmental challenges in cities across the Global South, but significant obstacles remain, particularly in the areas of policy alignment and community participation.
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Marine CO₂ removal technologies could depend on the appetite of the ocean’s tiniest animals

The Conversation - Mon, 2024-06-17 06:11
Taking more carbon dioxide out of the atmosphere by stashing it in the ocean seems like a good idea, but it could backfire if tiny marine animals called zooplankton get extra hungry. Tyler Rohr, Lecturer in Southern Ocean Biogeochemical Modelling, IMAS, University of Tasmania Ali Mashayek, Professor, University of Cambridge Sophie Meyjes, PhD Candidate, University of Cambridge Licensed as Creative Commons – attribution, no derivatives.
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The Guardian view on the climate crisis and heatwaves: a killer we need to combat | Editorial

The Guardian - Mon, 2024-06-17 03:30

Britain may be chilly, but from Greece to India, people are dying due to record temperatures. The death toll will grow without urgent action

While Britons don jumpers and complain about the unseasonable cold, much of the world has been reeling due to excessive temperatures. India has been in the grip of its longest heatwave in recorded history, with thermometers hitting 50C in some places. Greece closed the Acropolis in the afternoon last week as temperatures hit 43C; never has it seen a heatwave so early in the year. Soaring temperatures in the Sahel and western Africa saw mortuaries in Mali reportedly running short of space this spring, while swathes of Asia suffered in May.

Mexico and the south-west of the US have also endured blistering conditions; it was particularly shocking to hear Donald Trump pledge again to “drill, baby, drill” at a rally that saw supporters taken to hospital with heat exhaustion. These bouts of extreme weather are increasing as the climate crisis worsens. Although the El Niño weather pattern contributed to heatwaves over the last 12 months, they are becoming more frequent, extreme and prolonged thanks to global heating. By 2040, almost half the world’s inhabitants are likely to experience major heatwaves, 12 times more than the historic average.

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