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US details guidance for SAF credit generation under IRA

Carbon Pulse - Thu, 2024-05-02 10:42
The US Department of the Treasury and Internal Revenue Service (IRS) on Tuesday released their updated guidance for sustainable aviation fuel (SAF) tax credits to establish eligibility for fuel producers, incorporating avenues to reward the use of renewable natural gas (RNG) and carbon capture and storage (CCS).
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Major Canadian power producer folds C$2.4 bln CCS project

Carbon Pulse - Thu, 2024-05-02 10:20
An Alberta-based power generator scrapped its C$2.4 bln ($1.7 bln) carbon capture and storage (CCS) project, citing it as not economically feasible, following attempts over several months to secure a carbon contract for difference (CCfD) agreement with the Canadian government.
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EU carbon prices to triple by 2035, analysts predict, publishing amongst first ETS Phase 5 forecasts

Carbon Pulse - Thu, 2024-05-02 10:14
EU carbon prices are expected to triple to around €200 in 2035, analysts said this week, making them among the first teams of experts to forecast out that far.
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RGGI emissions rise 9% YoY in Q1

Carbon Pulse - Thu, 2024-05-02 09:45
Emissions under the US Northeast and Mid-Atlantic power sector cap-and-trade scheme jumped 9.1% year-on-year (YoY) in the first quarter of 2024, as CO2 output in the majority of participating states rose, programme data showed Wednesday.
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Face of 75,000-year-old Neanderthal woman revealed

BBC - Thu, 2024-05-02 09:09
Scientists build a 3D model of one of our evolutionary cousins from the pieces of a shattered skull.
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We think we control our health – but corporations selling forever chemicals, fossil fuels and ultra-processed foods have a much greater role

The Conversation - Thu, 2024-05-02 06:05
Corporations have an incentive to make profits – even if their products hurt or even kill people. Here’s how to stop history repeating. Nick Chartres, Senior Research Fellow, Faculty of Medicine & Health, University of Sydney Lisa Bero, Chief Scientist, Center for Bioethics and Humanities and Professor of Medicine and Public Health, University of Colorado Anschutz Medical Campus Licensed as Creative Commons – attribution, no derivatives.
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Removals buyers’ group seals $58.3 mln offtake with US CDR developer

Carbon Pulse - Thu, 2024-05-02 03:39
A buyers' club and a Houston-headquartered CO2 removal (CDR) developer announced Wednesday the signing of an $58.3 million multi-year offtake agreement, as the group continues its support of the developing market.
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Gold Standard launches new voluntary carbon methodology to credit home food recycling

Carbon Pulse - Thu, 2024-05-02 03:36
Voluntary carbon credit issuing body Gold Standard has unveiled a new methodology that will issue credits relating to home food recycling, it said on Wednesday.
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Market Stability Reserve activation threshold a “key weakness” of EU ETS -analysts

Carbon Pulse - Thu, 2024-05-02 02:37
The current activation point for the principal supply balancing mechanism in the EU ETS, the Market Stability Reserve (MSR), is too high and represents a "key weakness" of the market, according to analysts at a bank.
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EU ETS2 prices could almost quadruple with weak energy efficiency policies in place -report

Carbon Pulse - Thu, 2024-05-02 02:27
The 2030 prices of the EU’s new heating and transport carbon market (ETS2) could be around four times higher if weak energy efficiency policies are implemented across the bloc, compared to a more ambitious scenario, new analysis has found.
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Climate fund selects 13 carbon removal projects for invesment from 2024 cohort

Carbon Pulse - Thu, 2024-05-02 02:08
A fund created as an alternative to carbon offsetting by a EU-based climate project platform has selected 13 activities from the durable carbon removal (CDR) sector from which it will pre-purchase removals in a bid to help scale the nascent industry.
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Developers mixed in willingness to engage with Article 6 market, says standard body

Carbon Pulse - Thu, 2024-05-02 01:58
A carbon standard has said it sees a mixed approach among developers on their readiness to engage with Article 6, with some preferring to only transact on the voluntary market due to perceived investment uncertainties and risks relating to the UN mechanisms, while others are attracted to the high potential prices.
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Asset manager sets aside 10% of 1,900-ha regenerative agriculture project for biodiversity

Carbon Pulse - Thu, 2024-05-02 01:37
Climate Asset Management has acquired 1,900 hectares of farmland collectively across areas of Spain and Portugal for regenerative agriculture, setting aside 10% for biodiversity while exploring ecosystem services.
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London Metal Exchange looks to help aluminium market prepare for EU’s CBAM

Carbon Pulse - Thu, 2024-05-02 01:11
The London Metal Exchange has kicked off a consultation on how to integrate the EU Carbon Border Adjustment Mechanism (CBAM) requirements into its rules, in order to help the aluminium market and value chain adapt, it announced on Wednesday.
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INTERVIEW: Kenya, US are attractive destinations for upstart DAC developer

Carbon Pulse - Thu, 2024-05-02 00:41
Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-05-01 21:05
European carbon allowance prices fell sharply on Wednesday morning in light trading amid a European bank holiday, while weekly Commitment of Traders data that showed a third successive drop in investment funds' net short positioning triggered some speculation that prices may have reached a short-term floor.
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RWE fossil generation slump continues with 20% drop in Q1

Carbon Pulse - Wed, 2024-05-01 20:43
RWE's fossil power generation covered by the EU ETS fell a further 20% year-on-year in the first three months of 2024, according to preliminary data published by the utility, even after its annual output dropped over one-quarter in 2023.
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Payment firm hikes carbon price and pours funding into carbon removal projects

Carbon Pulse - Wed, 2024-05-01 20:33
An online payment service company has doubled its internal carbon tax to $200, enabling the company to donate $2 million that will go to 13 carbon removal startups, the firm announced on Wednesday.
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UK waste-to-energy operator announces delivery plan for millions of carbon removals

Carbon Pulse - Wed, 2024-05-01 19:59
A UK-based waste-to-energy operator has announced plans to deliver 1.2 million tonnes of carbon removals across the UK by 2039, helping the country on its path to net zero by mid-century.
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Australian firm launches nature certificates tied to microplastics clean-up

Carbon Pulse - Wed, 2024-05-01 19:56
An Australian data services company on Wednesday announced the launch of a subscription-based nature certificate intended to help fund efforts to prevent plastic pollution off the coast of Sydney, but that can be extended to other locations globally.
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