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CN Markets: Chinese CO2 allowance price reaches fresh landmark high amid growing optimism

Carbon Pulse - Thu, 2024-03-28 21:18
Chinese carbon allowances hit another record high secondary market spot price on Thursday, as optimism remains over upcoming regulatory updates including sectoral expansion of the emissions trading scheme.
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Japan set to tighten data reporting requirements for domestic rice carbon projects

Carbon Pulse - Thu, 2024-03-28 20:12
The committee steering Japan’s J-Credit programme is considering strengthening data reporting requirements for an increasingly popular rice-focused methodology to ensure credit quality.
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INTERVIEW: Australian group looks to develop regions-based nature repair model

Carbon Pulse - Thu, 2024-03-28 20:01
An Australian environmental conservation organisation is seeking local government funding to establish environmental accounts that could inform biodiversity pilot projects, create jobs, and spur conservation efforts for the region.
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Surging food waste puts biodiversity under increasing pressure, UNEP says

Carbon Pulse - Thu, 2024-03-28 18:28
Households worldwide squandered over one billion meals a day in 2022, as challenges in reducing food waste threaten to hold back progress towards achieving global biodiversity targets, a UN Environment Programme (UNEP) report has said.
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Safeguard facilities surrender 1.2 mln ACCUs in 2022-23, regulatory data shows

Carbon Pulse - Thu, 2024-03-28 17:15
Safeguard Mechanism data published by Australia’s Clean Energy Regulator Thursday showed facilities covered by the scheme surrendered 1.218 million Australian Carbon Credit Units 2022-23.
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INTERVIEW: EU carbon prices haven’t seen bottom yet, veteran analyst warns

Carbon Pulse - Thu, 2024-03-28 16:52
EU carbon prices have probably not seen their multi-year bottom yet and will likely head south again to re-test the key €50 level in the coming months, a veteran market analyst told Carbon Pulse.
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US firm takes majority stake in Norwegian carbon capture business

Carbon Pulse - Thu, 2024-03-28 16:07
A Texas-headquartered oil tech company will acquire majority ownership in a Norwegian carbon capture firm to accelerate industrial decarbonisation, it announced Wednesday.
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Surge of new oil and gas activity threatens to wreck Paris climate goals

The Guardian - Thu, 2024-03-28 16:00

World’s fossil-fuel producers on track to nearly quadruple output from newly approved projects by decade’s end, report finds

The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly approved projects by the end of this decade, with the US leading the way in a surge of activity that threatens to blow apart agreed climate goals, a new report has found.

There can be no new oil and gas infrastructure if the planet is to avoid careering past 1.5C (2.7F) of global heating, above pre-industrial times, the International Energy Agency (IEA) has previously stated. Breaching this warming threshold, agreed to by governments in the Paris climate agreement, will see ever worsening effects such as heatwaves, floods, drought and more, scientists have warned.

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Could spending a billion dollars actually bring solar manufacturing back to Australia? It’s worth a shot

The Conversation - Thu, 2024-03-28 15:51
What would it mean to bring solar manufacturing back on shore in Australia? Brett Hallam, Associate professor, UNSW Sydney Fiacre Rougieux, Senior Lecturer, Photovoltaic and Renewable Energy Engineering, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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Marine protected areas safeguard more than ecology – they bring economic benefits to fisheries and tourism

The Conversation - Thu, 2024-03-28 15:47
Marine protection represents our best strategy to reverse declining biodiversity. But protected areas also provide a low-tech and cost-effective way for the fishing industry to safeguard stocks. Mark John Costello, Professor, Faculty of Biosciences and Aquaculture, Nord University Licensed as Creative Commons – attribution, no derivatives.
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From a graceful turn to a dangerous toy: the World Nature Photography awards 2024 – in pictures

The Guardian - Thu, 2024-03-28 13:04

The World Nature Photography award winners have been announced from a pool of entries from all corners of the globe – including a baby elephant in Kenya and an owl-like plant in Thailand. The top award and cash prize of $1,000 went to Tracey Lund from the UK for her image of two gannets under the water off the coast of the Shetland Islands. Lund and her fellow winners were drawn from thousands of images

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French biochar developer receives €18 mln to scale carbon removal

Carbon Pulse - Thu, 2024-03-28 12:36
A French biochar solution provider has secured a new funding round of €18 million with a government-backed fund in the hope of scaling carbon removal in emerging countries.
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E-waste drawers of doom growing, say campaigners

BBC - Thu, 2024-03-28 12:20
Our household hoards of unused electricals and broken tech are growing, recycling campaigners warn.
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Canadian carbon credit financier sells CFR credits to undisclosed fuel supplier

Carbon Pulse - Thu, 2024-03-28 11:48
A Vancouver-based carbon offset developer has announced a multi-year agreement to sell credits generated from Canada’s Clean Fuel Regulations (CFR), but did not disclose the purchaser’s identity. 
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Power producer defends lawsuit against Washington govt, claims discrimination under cap-and-trade

Carbon Pulse - Thu, 2024-03-28 10:55
A gas-fired power producer has defended its motion for the Washington Department of Ecology (ECY) to either issue free allowances or prohibit the producer's purchase of allowances that cover emissions associated with generation for non-Washington consumers, in an ongoing lawsuit.  
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The Albanese government is drifting from its environmental commitments – it’s time for transparency and good faith | Jack Pascoe

The Guardian - Thu, 2024-03-28 10:42

Environment minister Tanya Plibersek’s reforms are running so late there’s speculation the government will weaken them at the expense of the environment

After less than two years in power, the Albanese government is showing signs of getting comfortable. Consultation, transparency and coherent policy appear to be out. Cosiness with powerful stakeholders and policy on-the-run appear to be in.

Parliament is now debating amendments to the Offshore Petroleum and Greenhouse Gas Storage Act, which, if passed, could carve out oil and gas approvals from Australia’s environmental law.

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Coastal dunes are retreating as sea levels rise - our research reveals the accelerating rate of change

The Conversation - Thu, 2024-03-28 10:33
Some Aussie beaches are being reshaped and coastal dunes are marching inland. We used data from aerial photography, field surveys, laser mapping and drones to study incredible rates of change. Patrick Hesp, Professor, Flinders University Marcio D. DaSilva, Flinders University Licensed as Creative Commons – attribution, no derivatives.
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