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Issuances of poor-quality voluntary credits fall in 2024, finds rating agency

Carbon Pulse - Wed, 2024-06-12 23:39
Issuances of the lowest-quality credits have fallen by almost half so far this year as a total share of the market, although the grade continues to house the largest share of credits, according to a rating agency.
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Chemical industry urges faster green transition after EU elections

Carbon Pulse - Wed, 2024-06-12 23:25
The chemical industry is calling for faster implementation of the European Green Deal after the 2024 EU Parliament elections, saying cheap and abundant renewable electricity will be the cornerstone of the industry’s ability to compete on the global stage in the 2030s.
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Wreck of Shackleton’s ship Quest found, last link to ‘heroic age of Antarctic exploration’

The Guardian - Wed, 2024-06-12 22:44

The vessel, which sank off the coast of Canada in 1962, was used by the explorer on his final voyage to the continent

The wreck of the ship on which renowned Antarctic explorer Sir Ernest Shackleton died has been found off the coast of Labrador, Canada, searchers have announced.

Locating the Quest – a schooner-rigged steamship which sank on a 1962 seal hunting voyage – represents a last link to the “heroic age of Antarctic exploration”, said search leader John Geiger.

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INTERVIEW: Selling biodiversity net gain units might take 10 years, land manager says

Carbon Pulse - Wed, 2024-06-12 21:59
Selling all the biodiversity net gain (BNG) units from one large conservation project in England could take up to a decade, if they trade at all, with the current system unable to drive large-scale landscape recovery on its own, a land manager has said.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-06-12 21:39
European carbon prices were marginally higher at midday on Wednesday as early weakness was erased by gains in natural gas, while the weekly Commitment of Traders data showed that the aggregate net short position among investment funds continued to grow amid an overall reduction in exposure.
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Explorer Shackleton's last ship found on ocean floor

BBC - Wed, 2024-06-12 21:26
Wreck hunters find the ship on which famed polar explorer Ernest Shackleton made his final voyage.
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SK Market: Monthly KAU auction sells out, though price remains low amid dim demand

Carbon Pulse - Wed, 2024-06-12 19:46
South Korea’s monthly CO2 permit auction on Wednesday was again oversubscribed, though the price outlook may remain bleak in the near term due to persistent low demand in the national carbon market.
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Can Labour clean up England’s dangerously dirty water?

The Guardian - Wed, 2024-06-12 19:43

Party has vowed to end sewage scandal if it wins power, but experts say it will have to act quickly and ambitiously

Since the UK’s general election was called, the Labour party has been seeking to capitalise on voters’ fury over the sewage filling England’s rivers and seas.

The debt-ridden, leaking, polluting water industry, owned largely by foreign investment firms, private equity and pension funds, has overseen decades of underinvestment and the large-scale dumping of raw sewage into rivers. It has become one of the touchstone issues of this election, with voters across the political spectrum angry at the polluting of waterways treasured by local communities. Groups have sprung up to look after rivers and lakes; protests pop up most weekends along the coast.

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Rare birds at risk as narco-gangs move into forests to evade capture – report

The Guardian - Wed, 2024-06-12 19:00

Cocaine traffickers have put two-thirds of Central America’s key habitats for threatened birds under threat, study finds

Cocaine consumption is threatening rare tropical birds as narco-traffickers move into some of the planet’s most remote forests to evade drug crackdowns, a study has warned.

Two-thirds of key forest habitats for birds in Central America are at risk of being destroyed by “narco-driven” deforestation, according to the paper, published on Wednesday in the journal Nature Sustainability.

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Malaysian govt fund partners with renewable energy firm to explore nature-based projects

Carbon Pulse - Wed, 2024-06-12 18:06
A Malaysian federal government fund has partnered with a Kuala Lumpur-based renewable energy company to explore the development of nature-based solutions (NbS) projects in the Southeast Asian country.
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Japan set to add two new energy efficiency methodologies to domestic offset market

Carbon Pulse - Wed, 2024-06-12 18:01
The committee steering Japan’s J-Credit programme is considering adding two new methodologies to the domestic voluntary programme, encouraging industrial companies to shift towards greener manufacturing processes.
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FEATURE: ‘Dual approach’ to Article 6 projects under discussion in Philippines

Carbon Pulse - Wed, 2024-06-12 17:59
In developing the framework to authorise Article 6 projects, the Philippines may allow developers to generate ITMOs as long as they also support the country in meeting its NDC by generating a secondary project for the domestic market.
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DAC developer signs partnership to store captured CO2 in aquifer under the Mediterranean

Carbon Pulse - Wed, 2024-06-12 17:00
A developer of direct air capture (DAC) technology is partnering with a carbon storage business in the Mediterranean to use its technology to capture CO2 and store it in a saline aquifer off the shores of Greece.
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Taiwan may consider introducing cap-and-trade system -media

Carbon Pulse - Wed, 2024-06-12 15:46
Taiwan may consider implementing a dual-track carbon pricing scheme, which could include the introduction of a cap-and-trade framework to regulate the total amount of emissions, according to local media reports.
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GEF Council to approve $700-mln spending on environment amid heated debate over GBF Fund’s role

Carbon Pulse - Wed, 2024-06-12 15:37
The Global Environmental Facility (GEF) Council is set to approve a spending package of over $700 million next week, including the first-ever projects supported by the Global Biodiversity Framework Fund (GBFF), amid mounting debate over the fund's potential to effectively address the financing gap on biodiversity.
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