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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-08-01 21:38
European carbon prices extended Wednesday's gains as the market shrugged off tests of one key technical level that had acted as resistance, and breached another on their way to the highest intraday prices in more than three weeks.
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Brazilian agroforestry project loses nearly 18,000 tCO2e to drought

Carbon Pulse - Thu, 2024-08-01 20:59
A Brazilian afforestation, reforestation, and revegetation (ARR) project lost 17,942 tonnes of CO2 equivalent due to drought between 2020 and 2023.
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Conservation finance group eyes collaboration with Verra on stewardship certificates

Carbon Pulse - Thu, 2024-08-01 20:57
A conservation finance organisation has started developing a framework for stewardship certificates, with plans to submit it for consideration to crediting standard Verra, Carbon Pulse has learned.
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Biodiversity net gain lacks market transparency, expert says

Carbon Pulse - Thu, 2024-08-01 20:05
A lack of transparency in England’s biodiversity net gain (BNG) programme is frustrating conservation scheme managers, with some deliberate withholding of information, an industry insider has said.
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UK government prepares environmental plan as “nature is dying”

Carbon Pulse - Thu, 2024-08-01 19:58
The new UK government is preparing a statutory plan for the natural environment focused on cleaning up waterways, planting trees, and halting species decline.
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Japan’s MOL on track to meet 2030 emissions reduction target

Carbon Pulse - Thu, 2024-08-01 19:53
Japanese shipping giant Mitsui OSK Lines (MOL) is well on track to reach its 2030 emissions reduction target and met its 2023 goal without using any carbon credits, according to the latest company data.
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Vietnam confirms 100 industrial participants in two-year carbon market pilot run

Carbon Pulse - Thu, 2024-08-01 19:13
Vietnam confirmed Thursday it is on track to finalise the set-up of its pilot emissions trading scheme, with the initial phase to include 100 companies across the thermal power, iron, and steel production industries, with a trading platform due next year.
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BRIEFING: Amid steel boom, Malaysia faces rising CBAM costs, climate target challenge

Carbon Pulse - Thu, 2024-08-01 19:04
Malaysia is expecting rapidly rising carbon emissions from its steel sector, which is expanding utilising CO2-intensive equipment that could put its climate targets at risk while imposing bigger costs under the EU Carbon Border Adjustment Mechanism (CBAM).
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Scientists warn swift emission reductions needed to reverse tipping points

Carbon Pulse - Thu, 2024-08-01 19:01
Current climate policies imply a high risk for tipping Earth resources, even if the temperature increase returns to below 1.5C after a period of overshoot - but these could be minimised if warming is swiftly reversed, according to a study published on Thursday.
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Sea swimming was my saviour. But the dumping of sewage changed everything | Jo Bateman

The Guardian - Thu, 2024-08-01 19:00

My daily dips were a game-changer for my mental health. Now I’m suing the water company that’s deprived me of them

Six years ago, I was living in the Midlands, about as far away from the sea as you can get. But during a week of walking from Poole to Lyme Regis, I fell in love with that vast blue space and its ability to restore my mind and body. I went home, handed in my notice, put my house on the market and within a few months I was living in Exmouth, Devon – a stone’s throw from the most beautiful beach, almost two miles of unbroken golden sand.

I still remember my first outdoor swimming experience, in Exmouth’s sheltered Pirate Cove – how I felt as the cold began to creep up from my toes. Endorphins coursed through me. I was buzzing, grinning, full of joy, and from that moment I was hooked. I began to swim daily.

Jo Bateman is a retired physiotherapist. She lives in Exmouth, Devon, and swims in the sea all year round

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Australian startup with Japanese CCS project pipeline secures govt permit

Carbon Pulse - Thu, 2024-08-01 18:32
A startup holding several CCS MoUs with Japanese companies has been awarded two offshore greenhouse gas storage permits by the Australian government after being approved for work programmes worth over A$270 million ($176 mln).
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Brazil led the way, now the UK should get behind the assault on hunger and poverty | Kevin Watkins

The Guardian - Thu, 2024-08-01 18:00

At its recent summit, Lula gave the G20 a chance to show its commitment to real change – and Britain can take the lead

Last week the Brazilian president, Luiz Inácio Lula da Silva, shattered the mould of G20 meetings. In using the annual summit as a launchpad for a new effort to tackle hunger and extreme poverty, he has provided the world with a chance – a last chance – to breathe new life into a moribund sustainable development goal (SDG) agenda. He has handed the G20 a cause that could halt its slide into irrelevance.

For the UK, the creation of the Global Alliance Against Hunger and Poverty represents an opportunity to restore a deeply tarnished reputation on international development.

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Hong Kong exchange adds Gold Standard credits to voluntary carbon marketplace

Carbon Pulse - Thu, 2024-08-01 17:34
Hong Kong Exchanges and Clearing (HKEX) has listed Gold Standard's Verified Emission Reductions (GS-VERs) on its voluntary marketplace Core Climate, it announced Thursday.
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Cornish conservation charity launches major ‘Tor to Shore’ rewilding project

The Guardian - Thu, 2024-08-01 14:00

Cornwall Wildlife Trust initiative aims to benefit creatures from upland marsh fritillaries to seahorses in St Austell Bay

A Cornish conservation charity has launched an ambitious rewilding project intended to benefit creatures from marsh fritillary butterflies living high on the moor to long-snouted seahorses in seagrass in a bay five miles away.

The Tor to Shore project will stretch from Helman Tor, a reserve topped with a granite boulder summit near Bodmin, to St Austell Bay via the tumbling River Par, its idea to improve a landscape at scale.

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Australian government ‘deeply disappointed’ by Japan’s decision to expand commercial whaling target list

The Guardian - Thu, 2024-08-01 12:57

Japanese government confirms it will allow whalers to catch and kill up to 59 fin whales, a species conservationists consider vulnerable

The Australian government is “deeply disappointed” by Japan’s decision to add the world’s second-largest whale species to the list of species its commercial whale hunters will target.

Tanya Plibersek, the environment minister, attacked Japan’s decision to hunt fin whales – the world’s second-longest whale and considered vulnerable.

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