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RGGI maintains even keel in Q4 auction volumes amidst slump in RGA prices

Carbon Pulse - Wed, 2024-10-09 01:26
RGGI states will offer a similar volume of permits at their Q4 sale as the prior quarter, according to a Tuesday announcement, even as RGGI Allowance (RGA) prices in the secondary market have declined 27% since the September auction. 
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BRIEFING: UK considering key reforms in next renewables auction

Carbon Pulse - Wed, 2024-10-09 01:18
The UK government is considering key reforms to the next renewables auction in 2025 including on reference price reform, longer contracts, and capacity targets, an official said on Tuesday.
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Chile looks to double offsets toward CO2 tax, accept more registries in 2025 -official

Carbon Pulse - Wed, 2024-10-09 00:52
Chile’s environment ministry aims to double the carbon tax liability ‘paid’ in carbon credits next year and businesses are on board, Carbon Pulse heard from an official at the Chile Carbon Summit in Santiago on Tuesday.
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Climate finance takes a backseat at key EU council meeting

Carbon Pulse - Wed, 2024-10-09 00:49
The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.
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INTERVIEW: Small sites should be exempt from biodiversity net gain

Carbon Pulse - Wed, 2024-10-09 00:45
The English biodiversity net gain (BNG) small sites exemption should be expanded, as minor developers are disproportionately affected, a consultant told Carbon Pulse, contrasting calls to move in the opposite direction.
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UK shipping industry lays out £700 mln investment plan to reach net zero by 2050

Carbon Pulse - Wed, 2024-10-09 00:43
A UK shipping trade association is calling for a £700 million government investment in the country's upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.
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Earth’s ‘vital signs’ show humanity’s future in balance, say climate experts

The Guardian - Wed, 2024-10-09 00:08

Record emissions, temperatures and population mean more scientists are looking into possibility of societal collapse, report says

Many of Earth’s “vital signs” have hit record extremes, indicating that “the future of humanity hangs in the balance”, a group of the world’s most senior climate experts have said.

More and more scientists are now looking into the possibility of societal collapse, says the report, which assessed 35 vital signs in 2023 and found that 25 were worse than ever recorded, including carbon dioxide levels and human population. This indicates a “critical and unpredictable new phase of the climate crisis”, it says.

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Scientists contest environment minister’s claim of ‘blitzing’ Australia’s ocean reserve expansion goal

The Guardian - Wed, 2024-10-09 00:00

Tanya Plibersek claims Labor is protecting 52% of its ocean territory, but experts say that is ‘misleading’

Scientists have challenged Tanya Plibersek’s claim that Australia is protecting more than half of its oceans and has “blitzed” a 30% target, arguing industrial longline fishing will still be allowed in some areas the government says it is conserving.

The environment minister told a “global nature-positive summit” in Sydney on Tuesday the government had quadrupled the size of the sub-Antarctic Heard Island and McDonald Islands Marine Reserve, a world heritage area about 4,000km south-west of Perth.

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European accelerator marks entry into Indian carbon removals market, selects first cohort of local startups

Carbon Pulse - Tue, 2024-10-08 23:50
An Amsterdam-based carbon removal accelerator has selected its first cohort of Indian climate startups to scale carbon removal solutions across the country, marking its entry into the Asian market, it announced at an event in Mumbai on Tuesday.
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Picnicking on Dartmoor is trespassing, landowner’s lawyers tell court

The Guardian - Tue, 2024-10-08 23:03

Alexander Darwall, owner of Blachford estate in national park, is challenging the right to wild camping

Picnicking on Dartmoor is trespassing, according to the lawyers for a landowner who is challenging the right to wild camping on the moors.

The public should have no right to undertake any activities other than walking or horse riding in the Dartmoor national park without landowner permission, Timothy Morshead KC told a supreme court hearing on Tuesday.

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FEATURE: New Zealand looks to bring back gas, but challenges abound

Carbon Pulse - Tue, 2024-10-08 22:23
A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.
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Australian climate tech VC firm raises A$100 mln in new round

Carbon Pulse - Tue, 2024-10-08 21:53
An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.
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Quebec announces C$922 mln biodiversity action plan

Carbon Pulse - Tue, 2024-10-08 21:34
The government of Quebec, in Canada, has announced a C$922 million ($676 mln) action plan to advance nature protection and restoration across the province.
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Euro Market: Midday Update

Carbon Pulse - Tue, 2024-10-08 21:27
European carbon allowance prices came under renewed pressure on Tuesday morning amid continued gloomy macroeconomic and geopolitical sentiment, but found support above Monday's six-month low.
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INTERVIEW: Carbon capture and usage must work for refractory giant to preserve European business

Carbon Pulse - Tue, 2024-10-08 21:21
An industrial ceramics producer that is facing significant additional costs under the EU ETS if it doesn’t decarbonise fast enough views capturing carbon and converting it into useful products as vital to its continued business offering in Europe.
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Two UK carbon capture projects progress towards start-up by 2030

Carbon Pulse - Tue, 2024-10-08 20:29
Two bioenergy carbon capture and storage (BECCS) projects have passed the 'deliverability assessment' as part of the UK government's HyNet cluster expansion process, putting them on track to become operational by 2030, the developer announced on Tuesday.
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BNP Paribas, French NGO launch impact loan vehicle for coral reef conservation, target $35 mln

Carbon Pulse - Tue, 2024-10-08 20:12
A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.
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INTERVIEW: Europe’s net-zero agenda must get to grips with geopolitics

Carbon Pulse - Tue, 2024-10-08 19:53
Geopolitical risk must be put at the heart of government and business decisions for Europe to retain its climate leadership and succeed in bringing down emissions, a German climate, energy, and security expert told Carbon Pulse.
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'Godfather of AI' shares Nobel Physics Prize

BBC - Tue, 2024-10-08 19:52
Two scientists share the Nobel Prize for Physics for their work on machine learning.
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