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Korean investors still cautious on the voluntary carbon market amid insufficient policy guidance

Carbon Pulse - Fri, 2024-06-14 13:47
Investors in South Korea remain cautious about making a foray into the international voluntary carbon market, given the absence of government guidance and slow trades of domestic emissions permits, an event heard this week.
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High number of ACCU projects claiming for the first time, regulator data shows

Carbon Pulse - Fri, 2024-06-14 13:42
Applications from projects looking to receive Australian Carbon Credit Units (ACCUs) totalled 4.3 million units at the end of the Q1, with many claiming for the first time, according to data published by the Clean Energy Regulator (CER) Friday.
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US federal court rules Oregon county case against fossil fuel companies can proceed within the state

Carbon Pulse - Fri, 2024-06-14 11:49
A US federal district court sided with an Oregon county’s motion to hear its case against fossil fuel companies in a state court.
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Brazilian Senate committee approves national green hydrogen framework

Carbon Pulse - Fri, 2024-06-14 11:27
The Brazilian Senate’s Special Committee on Green Hydrogen advanced a bill Wednesday establishing a regulatory framework for energy sources that includes incentives designed to promote the nation's industry.
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Major Canadian banks will continue to finance oil and gas as part of the energy transition

Carbon Pulse - Fri, 2024-06-14 10:58
Canada’s five major banks are committed to serving their oil and gas clients towards long-term net zero goals, executives said before a parliamentary committee on Thursday, as elected officials questioned the specifics of the firms’ climate goals.
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WCI Market: CCAs consolidate, WCAs upbeat post strong Q2 auction

Carbon Pulse - Fri, 2024-06-14 10:38
California Carbon Allowances (CCA) prices stabilised after last week's price rout, while trade in Washington Carbon Allowances (WCA) in the secondary market picked up after a strong second quarterly auction result.
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Australian telco announces move away from carbon credit use, increases emissions reduction targets

Carbon Pulse - Fri, 2024-06-14 10:21
Australia’s largest telecom company Telstra announced Friday it will no longer purchase carbon credits, choosing instead direct investments to reduce its emissions footprint as well as increasing its Scope 1 and 2 emissions reduction targets.
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Ending native forest logging would help Australia’s climate goals much more than planting trees

The Conversation - Fri, 2024-06-14 10:05
Two states have banned native forest logging, but it’s still happening in the others. Kate Dooley, Research Fellow, School of Geography, Earth and Atmospheric Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Rise in US biofuels production could worsen air quality, particularly in disadvantaged communities -non-profit

Carbon Pulse - Fri, 2024-06-14 09:54
Increasing support for US biofuels production – including renewable diesel (RD) and ethanol – as more sustainable alternatives to petroleum-based counterparts, overlook their impact on air quality, particularly in rural Midwestern communities, analysis by an environmental non-profit found.
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BBC uncovers 6,000 possible illegal sewage spills in one year

BBC - Fri, 2024-06-14 09:01
A BBC investigation has uncovered potentially thousands more illegal sewage spills on dry days.
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CF NORTH AMERICA: Voluntary carbon market grows interest in removals, panellists maintain role for reductions

Carbon Pulse - Fri, 2024-06-14 08:54
Prominent buyers in the voluntary carbon market (VCM) have raised the profile of removals credits, but costs remain high and reductions credits still have a key role to play in achieving voluntary net zero targets, panellists told conference attendees this week.
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Article 6 negotiators decide to push emissions avoidance decision out to 2028

Carbon Pulse - Fri, 2024-06-14 07:59
In a late move at mid-year UN climate talks in Bonn, country negotiators formally decided Thursday to try and clean up the Article 6 process by pushing several "spicy" topics out to future years, notably including that of emissions avoidance, easing the workload ahead of COP29 in November.
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