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Analysis suggests Barclays continues to fund US coal power operators

Carbon Pulse - Mon, 2024-08-05 22:52
Barclays bank helped raise $1.7 billion for companies operating coal-fired power plants in the US, apparently exceeding its its commitment to stop financing companies that make more than half their revenue from coal, according to new analysis.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-08-05 21:51
EUAs slumped as much as 3.9% on Monday morning as a sell-off across global equities and bearish energy markets heaped pressure onto European carbon, as the Japanese stock index saw its heaviest losses in nearly 40 years amid recession fears.
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APAC business group proposes setting regional voluntary carbon market, urges govts to issue climate bonds

Carbon Pulse - Mon, 2024-08-05 21:16
The Asia Pacific Economic Cooperation Business Advisory Council (ABAC) over the weekend proposed setting up a pilot voluntary carbon market programme for the region, and urged governments to issue climate bonds in order to boost climate response.
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Australian investor eyes nature-based projects as “infrastructure-like” asset class

Carbon Pulse - Mon, 2024-08-05 21:13
An Australian carbon credit developer with a focus on nature-based solutions has been quietly putting together a pipeline of over 10 projects worth a combined A$50 million ($32.3 mln) with four developers, saying it is approaching the sector in a similar way as traditional infrastructure programmes to ensure finance is scalable as demand grows.
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US asset managers finance deforestation-linked company through ESG funds, report shows

Carbon Pulse - Mon, 2024-08-05 20:58
Major US asset managers are channelling millions towards the world’s largest meatpacker allegedly responsible for deforestation, biodiversity loss, and human rights violations through Environmental, Social, and Governance (ESG) labelled funds, a report has unveiled.
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Kamala Harris played a crucial role in passing one of the strongest climate laws in the world | Leah C Stokes

The Guardian - Mon, 2024-08-05 20:15

America’s landmark climate law, which turns two years old this month, has Harris’s signature all over it

Two years ago today, I watched as Kamala Harris cast the tie-breaking vote for the largest climate investment in American history. It was an emotional moment. After decades of inaction, America had finally passed a climate law – one of the strongest climate laws in the world.

I didn’t know it then, but a month later I would get a call asking if I would like to interview the vice-president about climate policy.

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Australian Conservation Foundation’s X account suspended after apparent ‘report bombing’

The Guardian - Mon, 2024-08-05 19:59

‘I do believe we are being targeted and they are trying to silence us out of this space,’ ACF spokesperson says

The X account of the Australian Conservation Foundation was suspended for more than 24 hours with the charity saying it believes it is being “report bombed by pro-nuclear groups” seeking to remove negative commentary.

The environment charity’s X account @AusConservation was suspended on Sunday morning, sparking outrage among supporters. The account was reinstated late on Monday, but without the charity’s 32,000 followers.

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Carbon project developer sees slight Q2 growth in voluntary credit pipeline, validates first project

Carbon Pulse - Mon, 2024-08-05 19:37
A Dutch carbon project developer saw a slight rise in its carbon unit pipeline in Q2 and expects its first credit issuance by the end of this year, according to its latest results.
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Environmental watchdog slams proposed Australian gas development

Carbon Pulse - Mon, 2024-08-05 17:15
The environmental authority in Western Australia has recommended that one of the nation’s largest gas discoveries remain undeveloped as it would threaten turtles, whales, and a reef.
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EPA deals ‘major blow’ to Woodside’s multibillion-dollar gas drilling plan at Browse basin

The Guardian - Mon, 2024-08-05 16:08

Scientists flagged risks to migrating whales, a beach where endangered turtles make nests and potential oil spill destroying a pristine environment

A multibillion-dollar Woodside Energy gas export development off Western Australia’s north-west has been deemed “unacceptable” by the state’s Environment Protection Authority due to its impact on marine life at Scott Reef.

The EPA’s assessment of Woodside’s Browse liquefied natural gas (LNG) proposal was revealed in response to a freedom of information request by WAToday.

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China ETS seen likely to introduce absolute emissions cap around 2030

Carbon Pulse - Mon, 2024-08-05 15:44
A major shift in the way China controls carbon emissions could mean the implementation of an absolute cap on CO2 output for the national carbon market around the end of this decade, according to analysts.
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Norfolk Wildlife Trust revives endangered species: the local pub

The Guardian - Mon, 2024-08-05 15:00

Restoration of Pleasure Boat Inn on edge of Hickling Broad makes charity the first wildlife trust to own a pub

It was a much-loved endangered species that desperately needed saving, but it was still a surprise when the Norfolk Wildlife Trust stepped in to revive it.

The nature conservation charity has become the first wildlife trust to own a pub after restoring the Pleasure Boat Inn on the edge of Hickling Broad, a national nature reserve in the Broads national park.

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More than half of NSW’s forests and woodlands are gone as ongoing logging increases extinction risks, study shows

The Conversation - Mon, 2024-08-05 06:17
Shifting from native forest logging to sustainable plantations will help protect these essential forests and the many threatened species that depend on them. Michelle Ward, Lecturer, School of Environment and Science, Griffith University David Lindenmayer, Professor, Fenner School of Environment and Society, Australian National University James Watson, Professor in Conservation Science, School of the Environment, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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Australians shunning petrol-powered cars for hybrid vehicles as bowser prices rise

The Guardian - Mon, 2024-08-05 01:00

Trend also reflects concerns over range and a lack of charging infrastructure affecting purely electric vehicles, experts say

Australians are buying more cars than ever but are increasingly choosing hybrid vehicles over petrol-powered cars due to rising costs at the bowser, new data by the Australian Automobiles Association shows.

Quarterly vehicle sales data released on Monday revealed a further uptick in demand for hybrid vehicles, a trend the industry believes reflects both the rising cost of living, as well as range anxiety and concerns over a lack of charging infrastructure affecting purely electric vehicles.

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