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China’s transformation plan may discourage new coal, report says

Carbon Pulse - Tue, 2024-10-01 17:02
China's transformation strategy for coal-fired power plants could help drive a phase-out of the fossil fuel, given that co-firing and carbon storage approaches remain costly, a report has argued.
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Most soft plastic collected for recycling is burned, campaigners say

The Guardian - Tue, 2024-10-01 17:00

Everyday Plastic calls supermarket takeback schemes a diversion and says there is too much plastic packaging

Seventy per cent of soft plastic collected in supermarket recycling schemes and tracked after collection ended up being burned, an investigation by campaigners has found.

By placing trackers inside packages of soft plastic that were collected by Sainsbury’s and Tesco in July 2023 and February 2024, campaigners found that most of them ended up being incinerated rather than recycled.

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Australian Cassowary Credit methodology, standard put out for consultation

Carbon Pulse - Tue, 2024-10-01 15:12
The market regulator overseeing Australia’s reef credit scheme has published a draft Cassowary Credit standard and Rainforest Replanting methodology for a 30-day consultation, it announced Tuesday.
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Enough, already: why humanity must get on board with the concept of ‘sufficiency’

The Conversation - Tue, 2024-10-01 15:08
Sufficiency is a new approach to solving humanity’s consumption problems. It’s about using less, ensuring wellbeing for all humans, and staying within planetary boundaries. David Angus Ness, Adjunct Professor, UniSA STEM, University of South Australia Licensed as Creative Commons – attribution, no derivatives.
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Botanists identify 33 global ‘dark spots’ with thousands of unknown plants

The Guardian - Tue, 2024-10-01 15:00

Kew study reveals areas with at least 100,000 undiscovered plant species – most likely to be under threat of extinction

Botanists have identified 33 “dark spots” around the world where thousands of plant species are probably waiting to be discovered, according to new research.

From a palm tree in Borneo that flowers underground to a Malagasy orchid that spends its life growing on other plants, researchers are still making dozens of new species discoveries every year.

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Most private equity firms receive near-failing grades on climate action in 2024 scorecard

Carbon Pulse - Tue, 2024-10-01 14:01
A scorecard ranking private equity firms on their climate impact paints a grim picture, with most major players receiving near-failing grades.
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CWNYC24: RGGI’s proposed updates could split regional power market -experts

Carbon Pulse - Tue, 2024-10-01 13:40
The proposed updates from RGGI states could divide the regional power market into trading zones each with a different emissions cap and separate allowance types, a panel of experts discussed at Climate Week NYC last week.
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NZ government lays out its climate, ETS agenda for the rest of the year

Carbon Pulse - Tue, 2024-10-01 12:13
The New Zealand government has announced the next steps it intends to take on emissions trading, forestry, and agriculture-related measures, in its latest quarterly action plan published Monday.
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EU carbon prices to face more bearish “headwinds” before turnaround by 2026 -analysts

Carbon Pulse - Tue, 2024-10-01 11:17
European carbon prices will continue to face bearish “headwinds” that will extend into next year, but will start to see a turnaround by 2026, analysts said Monday.
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RGGI Market: Third Program Review proposals hold more questions than answers

Carbon Pulse - Tue, 2024-10-01 10:43
RGGI Allowances (RGAs) in the secondary market continued to slide through the week after the release last Monday of the long-awaited Third Program Review proposed changes, with traders expecting further pressure on prices.
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Washington’s cap-and-invest participation continues to increase despite programme repeal risks

Carbon Pulse - Tue, 2024-10-01 10:06
The number of entities registered with active accounts in Washington’s cap-and-trade programme once again increased in an early look at Q3 data, despite the lack of clarification from the regulator regarding the worth of allowances if the scheme is repealed through the ballot initiative.
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US can reach 65% emissions reduction by 2035 with strong subnational support -study

Carbon Pulse - Tue, 2024-10-01 08:40
The US has a pathway to cut emissions by 65% from 2005 levels by 2035 and meet its climate goals under the Paris Agreement if there is an “all-of-society” approach, according to a new study.
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Amid Australia’s chaotic climate politics, the rooftop solar boom is an unlikely triumph | Adam Morton

The Guardian - Tue, 2024-10-01 08:39

It’s difficult to overstate how rapidly Australians have embraced solar power – there’s now more rooftop solar than coal-fired power. The key question is what policymakers can learn from its success

Australia was a different place in 2011. Julia Gillard’s Labor government, the Greens and a couple of country independents were rewriting the country’s climate policies, including introducing a world-leading carbon pricing system and creating three agencies to back it up.

Those organisations – the Clean Energy Finance Corporation, the Australian Renewable Energy Agency and the Climate Change Authority – have survived and help shape the investment and policy landscape. The carbon pricing system – falsely described as a tax – famously didn’t.

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