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Oxygen discovery defies knowledge of the deep ocean

BBC - Tue, 2024-07-23 01:37
The discovery that lumps of metal on the seafloor produce oxygen raises questions over plans to mine the deep ocean.
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Scottish government selects Galloway as preferred site for new national park

The Guardian - Tue, 2024-07-23 01:36

If approved, the region would become Scotland’s third national park and first to be made official in UK since South Downs in 2010

Galloway has been selected by the Scottish government as the preferred site for Scotland’s third national park.

The region, which came out top from a shortlist of five, will now be the subject of a consultation and an investigation into its suitability before potentially being made official by 2026. The unsuccessful candidate areas were Lochaber, Loch Awe, Scottish Borders and Tay Forest.

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Climate tech startup secures $10 mln to expand water-based CDR technology

Carbon Pulse - Tue, 2024-07-23 01:25
An Israeli climate tech startup has completed a seed funding round to scale and deploy its water-based CO2 removal (CDR) technology. This latest round brings the total funding raised by the company to $10 million. 
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Canadian firm plans to build $3 bln clean fuel refinery, with CCS and solar

Carbon Pulse - Tue, 2024-07-23 01:23
A Vancouver-based firm specialising in renewable energy projects intends to build a C$3 billion ($2.18 bln) refinery and solar farm east of Moose Jaw in Saskatchewan, incorporating the latest green technology.
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UK will struggle to meet its goal for clean power by 2030, research warns

Carbon Pulse - Tue, 2024-07-23 00:52
The UK's new government faces a "substantial challenge" in decarbonising the power system by 2030, an analytics and consulting firm warned on Monday - the same day London proposed changes to align its capacity markets with reaching net zero emissions by 2050. 
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INTERVIEW: Ethanol lobby group pitches ‘fermentation CCS’ as low-cost carbon removal technology

Carbon Pulse - Tue, 2024-07-23 00:44
A global bioethanol alliance says biogenic CO2 from fermentation can be stored at a cost of less than €100 per tonne. So why is it not on the IPCC’s list of carbon removal technologies?
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PCX Markets records surging demand for plastic credits

Carbon Pulse - Mon, 2024-07-22 23:52
Singapore-headquartered marketplace PCX Markets has seen a sharp increase in demand for plastic credits, claiming the sale of units on its platform helped fund the recycling or upcycling of 9,000 tonnes of plastic waste last year.
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Anti-greenwashing rules should drive EU sustainable finance growth -report

Carbon Pulse - Mon, 2024-07-22 23:30
The European Union will need to maintain its position as a global leader in sustainable finance, driven by high consumer demand and a set of regulations against greenwashing that are due to improve next year, according to research published last week.
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International oil company seeks approval to store carbon under the English Channel 

Carbon Pulse - Mon, 2024-07-22 22:44
An international oil and gas company is seeking approval for its plans to build a new CO2 pipeline under the English Channel. 
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-07-22 21:25
European carbon prices weakened throughout the morning on Monday, dropping to a 12-week low as natural gas prices also came under pressure as the August options contract expiry approaches at the end of the week, while analysts highlighted changes to the auction programme that mean there will be no cuts in volume sold next month.
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BRIEFING: EU looking into ways to simplify CBAM as early as 2025 -EU official

Carbon Pulse - Mon, 2024-07-22 21:21
The European Commission is looking into ways to simplify the EU’s Carbon Border Adjustment Mechanism (CBAM) from as early as next year, the head of the Commission’s taxation unit told Carbon Pulse.
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Brazil’s Para state opens public consultation on forest concession for carbon projects

Carbon Pulse - Mon, 2024-07-22 21:19
The government of Para in Brazil has opened a public consultation regarding a pilot concession for forest conservation projects to generate carbon credits and other environmental assets.
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Solar and wind ‘will miss 2030 clean energy target without £48bn funding’

The Guardian - Mon, 2024-07-22 21:14

Hitting target for zero-carbon electricity system will require ‘step-change’, says analyst Cornwall Insight

Solar and wind power generation will fall well below the target needed to decarbonise Great Britain’s electricity grid by 2030 without an injection of £48bn, according to a forecast from one of the UK’s leading energy analysis companies.

The government has promised to deliver a zero-carbon electricity system by 2030, requiring the doubling of onshore wind, tripling of solar power and quadrupling of offshore wind capacity.

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Tokyo-based developer proposes first cookstove methodology for JCM

Carbon Pulse - Mon, 2024-07-22 20:32
A Japanese developer has become the first to propose a cookstove methodology under the Joint Crediting Mechanism (JCM), potentially paving the way for a boost of supply for the scheme.
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Suriname eyes biodiversity offsetting in updated national plan

Carbon Pulse - Mon, 2024-07-22 20:23
Suriname has released its updated National Biodiversity Strategy and Action Plan (NBSAP) under the Kunming-Montreal Global Biodiversity Framework (GBF), setting out a broad range of actions to ramp up funding for nature conservation and restoration.
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Malaysian Indigenous group takes governments, palm oil firm to court for breaching land rights, endangering biodiversity -watchdog

Carbon Pulse - Mon, 2024-07-22 20:22
An Indigenous Peoples group in Malaysia’s Pahang state has filed a court case against a palm oil plantation firm as well as the state and federal governments over a proposed palm oil project it says breaches their land rights and endangers wildlife.
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Study finds close balancing act for carbon storage in world’s forests

Carbon Pulse - Mon, 2024-07-22 19:47
The world’s forests have been finely balancing carbon sequestration for the past three decades as the ability of some forests to store the greenhouse gas has dropped while others expanded, a global study of 30 years of data to 2019 found.
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Permit surplus in China ETS negligible, according to govt data

Carbon Pulse - Mon, 2024-07-22 19:35
The surplus of CO2 permits in China’s national emissions trading scheme fell to negligible levels in the previous compliance cycle, according to government data released over the weekend.
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