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Mineral Resources and Woodside donated to WA Labor while it mulled gas policy changes

The Guardian - Sat, 2024-09-21 01:00

A ban on exporting offshore gas was lifted in WA this week, and the Greens say two of the ‘biggest winners’ were the massive resources companies

Western Australian gas companies Mineral Resources and Woodside gave more than $20,000 to WA Labor while it was considering changes to its domestic gas policy that allowed more gas to be exported from the state.

On Thursday the state government lifted a ban on onshore gas being exported, allowing 20% to go overseas until 2031, in a change the premier, Roger Cook, said would boost the state’s gas industry.

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Verra urged to overhaul investigation process after REDD project loses $30 mln during probe

Carbon Pulse - Sat, 2024-09-21 00:55
Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.
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US market regulator approves voluntary carbon credit trading guidelines

Carbon Pulse - Sat, 2024-09-21 00:19
The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.
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Volvo vows to take action on nature, biodiversity

Carbon Pulse - Sat, 2024-09-21 00:04
Swedish carmaker Volvo has published a position paper on nature and biodiversity, pledging to take action to reduce its impacts and to invest in conservation and restoration to counterbalance residual negative effects of its activities.
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‘Breakthrough’ as taxation comes under watch of EU climate chief, CBAM still unclear

Carbon Pulse - Fri, 2024-09-20 23:38
With the European Commission’s new lineup it will be the EU’s climate action commissioner who will handle taxation policy, a move hailed as a “breakthrough” by a top official, although it is still unclear who will be in charge of the EU’s Carbon Border Adjustment Mechanism (CBAM).
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Second Mexican Yucatan IFM project collaboration yields 380k carbon credits

Carbon Pulse - Fri, 2024-09-20 23:11
A developer partnership announced Thursday the first tranche of issuance from their second improved forest management (IFM) project in Mexico’s Yucatan Peninsula region.
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European carbon trader joins Gunvor from Freepoint

Carbon Pulse - Fri, 2024-09-20 23:03
A European carbon trader previously with Freepoint Commodities has started with Switzerland-headquartered trading firm Gunvor Group, Carbon Pulse has learned.
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Budding market: hopes of a revival in UK cut-flower production

The Guardian - Fri, 2024-09-20 23:00

British growers are taking a increasing share of sales long dominated by imports by focussing on green credentials

From the tip of Cornwall to the far reaches of Scotland, the shoots of resurgence in the British cut-flower market are raising hopes of a fledgling return to home-produced fragrant flowers becoming a bigger part of the £1bn industry in the UK.

UK flower production bloomed to £179m last year, according to figures from Department for Environment, Food and Rural Affairs, up from £126m in 2019. The market has been dominated by imports, usually from Holland, for more than 50 years, but last year imports fell slightly to £761.8m from £869.1m in 2022.

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Sarawak coal mine poses significant carbon risk, more transparency needed -watchdog

Carbon Pulse - Fri, 2024-09-20 22:33
The continued existence of a large thermal coal mine in Sarawak, Malaysia, goes against the nation’s climate commitments and the opacity surrounding environmental approvals to its extension is a problem, an environment watchdog said Friday.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-09-20 21:59
The European carbon market moved with relative stability on Friday morning, ticking higher tracking a rebound in energy markets after a volatile previous session linked to reports of a Ukraine-Azerbaijan gas transit deal.
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People rescued from rooftops as flooding hits northern Italy – video

The Guardian - Fri, 2024-09-20 21:10

Firefighters have been rescuing people stranded on their balconies and rooftops after Storm Boris triggered flooding and landslides in the northern Italian region of Emilia-Romagna. Two people were reported missing in Traversara, a hamlet in Ravenna province, and about 1,000 people have been evacuated from their homes. Storm Boris has battered parts of Italy after causing havoc in eastern and central Europe

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ANALYSIS: Voluntary carbon market overlooking CORSIA insurance bottleneck

Carbon Pulse - Fri, 2024-09-20 20:59
Large volumes of eligible voluntary carbon credits for the UN's CORSIA international aviation offsetting scheme will take years to materialise due to supply requirements that force project developers to guarantee against double claiming risk, even if ICAO approves major standards for the current phase at a meeting in November.
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BRIEFING: Business groups nervous as final talks near on EU’s Green Claims Directive

Carbon Pulse - Fri, 2024-09-20 20:56
As EU institutions gear up for talks to finalise the proposed Green Claims Directive, participants in the voluntary carbon market have flagged issues with the draft bill, arguing it goes too far beyond its original objective of fighting greenwashing.
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Australian state pulls together big data for better CCS mapping

Carbon Pulse - Fri, 2024-09-20 20:26
The West Australian government is finding new ways to support companies interested in pursuing carbon capture and storage (CCS) projects in the state, as its mining and energy department has aggregated a large amount of historical oil and gas drilling information for use.
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CN Markets: CEA price rebound to 90 yuan level, trading volumes increase

Carbon Pulse - Fri, 2024-09-20 20:21
Chinese carbon allowance prices saw a modest recovery over the past week after the national holidays, with trading activity continuing to pick up ahead of the compliance deadline. 
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Environmentally harmful subsidies grow to $2.6 trillion per year, study says

Carbon Pulse - Fri, 2024-09-20 20:15
Environmentally harmful subsidies currently stand at no less than $2.6 trillion per year, $800 billion higher than 2022 estimates and equivalent to 2.5% of global gross domestic product (GDP), according to a report released this week.
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Japanese govt, UN agency partner with private sector to scale sustainable coffee in Tanzania

Carbon Pulse - Fri, 2024-09-20 20:09
A UN agency and the Japanese ministry of agriculture have teamed up with two major national companies to support small-scale coffee producers in Tanzania in implementing sustainable practices.
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Airline operators face future CORSIA compliance risk as Article 6 negotiations drag on -report

Carbon Pulse - Fri, 2024-09-20 19:22
Airline operators may struggle to meet compliance requirements under Phase 2 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which starts in 2027, according to a new report.
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One year of Guardian Europe: different stories through a new lens

The Guardian - Fri, 2024-09-20 19:00

On 20 September 2023, the Guardian launched a new digital edition for a continent in the grip of dramatic political and social change. This is what we’ve learned so far – and how you can help us do more

A year ago today we launched Guardian Europe, a new digital edition of the Guardian to help bring journalism about the world to Europe and journalism about Europe to the world.

It has been a dramatic year for the continent, with moments of intense political peril, from huge far-right electoral surges to extraordinary people power and progressive fightbacks. It has also been a year of sporting joy at the Paris Games and Euro 2024. We’ve been there to capture it all, and we’re very grateful that millions of you have joined us.

To support Guardian Europe and all our journalism, please consider setting up a monthly amount, from just €4 – or £4. It takes less than a minute and is the most effective way to back powerful, investigative reporting

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Weather tracker: Shanghai hit by its ‘strongest typhoon in 75 years’

The Guardian - Fri, 2024-09-20 18:05

More than 400,000 people evacuated, hundreds of flights cancelled and many roads shut due to flooding and winds

Typhoon Bebinca struck the east coast of China this week, making landfall near Shanghai, a city of almost 30 million people, on Monday. Bebinca developed into a typhoon to the east of the southern Japan islands late last week, before traveling westwards through the East China Sea and making landfall in Shanghai at approximately 7.30am local time (00.30BST).

The Chinese media say it is the strongest typhoon to hit Shanghai in 75 years. Wind speeds were reported to have reached just over 150km/h (about 94mph), making it equivalent to a category 1 hurricane, albeit just shy of a category 2 in strength. Before Bebinca, Shanghai had been hit directly by only two typhoons, one in 1949 and another in 2022, as they usually track further south.

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