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California Senate will pursue cap-and-trade reauthorisation next year

Carbon Pulse - Tue, 2024-07-30 10:32
The California Senate, led by the Senate president, will pursue programme reauthorisation of the state's cap-and-trade next year, Carbon Pulse has learned.
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Wildfires burning at least 13,000 acres of offset project under California regulator ARB, research group estimates

Carbon Pulse - Tue, 2024-07-30 10:29
A research group estimates 13,000 acres (5,300 ha) of a California regulator ARB-approved offset project have burned in Washington state as of Friday, potentially marking the project’s fourth unintentional reversal in its lifetime, as at least four other compliance offset projects burn in California Monday.
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RGGI Market: RGAs skyrocket to new records amidst ongoing power demand, programme review silence

Carbon Pulse - Tue, 2024-07-30 10:22
RGGI allowances (RGA) skyrocketed to historic highs over the last week, as market participants attributed the rally to ongoing compliance demand and uncertainty around the programme review, noting the market is overvalued, whilst a non-profit suggested earlier and more ambitious budget allowance cuts.
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EU fossil generation falls to record low as renewables meets growing demand -data

Carbon Pulse - Tue, 2024-07-30 08:01
EU fossil power generation fell to an all-time low in the first half of the year as the bloc’s electricity system continues its rapid shift towards renewables, according to new data released on Tuesday.
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Coral restoration is a speculative, feel-good science that won’t save our reefs

The Conversation - Tue, 2024-07-30 06:14
Coral restoration is, at best, a feel-good measure – and at worst, a dangerous distraction from climate action. Robert Paul Streit, Research Fellow in Just Ocean Governance, The University of Melbourne David Roy Bellwood, Professor, James Cook University Tiffany Morrison, Professorial Research Fellow, James Cook University and Professor, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Our beef with ‘Big Meat’: the power perpetuating Australia’s live export trade is at play elsewhere

The Conversation - Tue, 2024-07-30 06:13
Australia’s live export trade is controversial. Have you ever wondered how it perpetuates? New research shows it comes down to corporate power dynamics. Similar forces operate in Brazil and the US. Katherine Sievert, Research Fellow in Food Systems, Deakin University Christine Parker, Professor of Law, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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First trade of new Egyptian voluntary carbon market likely this week -media

Carbon Pulse - Tue, 2024-07-30 03:19
Egypt’s new voluntary carbon market (VCM) trading platform will likely see its first carbon credit trade occur this week, between an agricultural collective seller and a food processing company buyer, according to local media.
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VCM Report: New standardised CCP contracts launch as flurry of CBL carbon trade lights up dull summer market

Carbon Pulse - Tue, 2024-07-30 02:36
Last week's arrival of standardised contracts based on the Core Carbon Principles (CCPs) high integrity label could spark life into a voluntary carbon market that is generally wallowing in a summer slumber, despite a splurge of activity on the CBL marketplace.
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LATAM Roundup: Public, private sectors seek collaboration on carbon pricing

Carbon Pulse - Tue, 2024-07-30 02:01
Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 28, which saw convergences between public policy on one hand, and private sector initiatives on the other, as a broadening array of LATAM countries and companies throw their weight behind carbon pricing.
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Real-world CO2 emissions from cars 20% higher on average than official tests, data shows

Carbon Pulse - Tue, 2024-07-30 01:44
The European Environment Agency (EEA) has published new data revealing significant discrepancies between real-world CO2 emissions and official test values for cars and vans.
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Azerbaijan fails to report growing methane emissions from oil and gas flaring, NGO finds

Carbon Pulse - Tue, 2024-07-30 01:42
Methane emissions in COP29 host country Azerbaijan have surged in recent years, following a period of no data reported by the country, according to an investigation by the NGO Global Witness published on Monday.
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EU approves Dutch state aid for green hydrogen programmes worth over €1 bln

Carbon Pulse - Tue, 2024-07-30 01:36
The European Commission has approved two Dutch state aid schemes supporting the production of renewable hydrogen, for more than €1 billion in total, it announced on Monday.
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BRIEFING: Incumbent claims Venezuelan election victory, dealing blow to green transition

Carbon Pulse - Tue, 2024-07-30 01:24
Venezuelan President Nicolas Maduro, who rose to power after Hugo Chavez’s death in 2013, has declared victory in a disputed election where polling had predicted a landslide loss, shuttering the opposition’s plans for green transformation as an engine of economic resilience.
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RWE posts 19% drop in EU ETS-covered fossil power output in H1

Carbon Pulse - Tue, 2024-07-30 01:05
RWE reported a drop of almost one-fifth year-on-year in power generation covered by the EU ETS during the first six months of 2024, according to preliminary results published Monday.
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As record heat risks bleaching 73% of the world’s coral reefs, scientists ask ‘what do we do now?’

The Guardian - Tue, 2024-07-30 01:00

A vast array of solutions are being worked on but experts urge a ‘fundamental rethink’ as temperatures are forecast to climb even higher in coming decades

After 18 months of record-breaking ocean temperatures, the planet’s reefs are in the middle of the most widespread heat-stress event on record.

Across the Pacific, Atlantic and Indian oceans, latest figures from the US government’s Coral Reef Watch, shared with the Guardian, show 73% of the world’s corals have been hit with enough heat for them to begin bleaching.

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Mineral extraction puts over 4,600 animal species at risk, study says

Carbon Pulse - Tue, 2024-07-30 00:19
Over 4,600 animal species are threatened by mineral extraction worldwide, with increasing demand for raw materials needed for clean energy technologies among the drivers of biodiversity loss, according to a new scientific paper released on Monday.
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Voluntary carbon market participation skewed toward wealthy nations, NGO study finds

Carbon Pulse - Mon, 2024-07-29 23:40
There is a disparity in the voluntary carbon market (VCM), with organizations carrying out carbon projects primarily based in the Global North, according to new research. 
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