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LCFS Market: California prices drop 6% on ARB workshop disappointment

Carbon Pulse - Sat, 2024-04-13 08:51
California Low Carbon Fuel Standard (LCFS) prices sold off following ARB's Tuesday release of public workshop materials, with market participants disappointed at the regulator's proposed choice of a 30% carbon intensity (CI) reduction target for 2030, while traders pondered ARB's rationale given the programme's outsized surplus bank.
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Methane offset developer to raise C$3 mln in IPO, lists orphaned well VCM projects under recently-approved methodology

Carbon Pulse - Sat, 2024-04-13 07:06
A Florida-headquartered methane offset developer is looking to raise C$3 mln in an initial public offering in Canada, after this month listing two orphaned oil and gas well projects on a US-based voluntary carbon registry.
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Shell says it ‘lobbies for energy transition’ during climate ruling appeal

The Guardian - Sat, 2024-04-13 06:42

Company is fighting Dutch court ruling that says it must emit 45% less CO2 by 2030 than in 2019

Shell has argued that it “lobbies for, not against, the energy transition” on the final day of its appeal against an important climate ruling.

The fossil fuel company is fighting the decision of a Dutch court in 2021 that forces it to pump 45% less planet-heating CO2 into the atmosphere by 2030 than it did in 2019. In court on Friday, Shell argued the ruling is ineffective, onerous and does not fit into the existing legal system.

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Categories: Around The Web

Engineers in Oregon train dog robot to walk on Moon

BBC - Sat, 2024-04-13 06:35
The engineering team has a two-year $2 million grant to help Nasa study the Moon's surface.
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Third carbon market ETF to close this year

Carbon Pulse - Sat, 2024-04-13 02:43
Another carbon market ETF will start to liquidate its holdings this month, the third such fund to close this year.
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International Tax Task Force on climate finance to host first gathering at IMF-World Bank Spring Meetings

Carbon Pulse - Sat, 2024-04-13 02:07
The International Tax Task Force, an intergovernmental alliance promoting taxation to increase climate and nature finance flows, will meet for the first time and gain new members at the Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington next week.
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FEATURE: Scientists tackle seagrass decline with probiotics to enhance resilience and build credit projects

Carbon Pulse - Sat, 2024-04-13 01:36
Researchers are developing probiotics to improve the root structure of seagrass, with potential for large-scale, credit-generating restoration projects in Saudi Arabia and Kenya.
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Including OECMs in Australia’s biodiversity targets could lead to “perverse outcomes”, study says

Carbon Pulse - Sat, 2024-04-13 00:24
Australia's plan to rely on Other Effective area-based Conservation Measures (OECMs) to meet its biodiversity protection targets could have troubling implications, a paper has said, as the government mulls making these areas eligible for biodiversity crediting.
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German banks’ interest in nature is growing but still not sufficient, PwC analysis says

Carbon Pulse - Fri, 2024-04-12 23:53
Financial institutions in Germany are increasingly taking nature into account in their strategic plans, though commitments are still in the very early stages, analysis has shown.
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Dominican Republic formally commits to protecting 30% of waters

Carbon Pulse - Fri, 2024-04-12 23:50
The Dominican Republic has formally committed to protecting at least 30% of its waters, fulfilling part of its commitment under the Kunming-Montreal Global Biodiversity Framework (GBF).
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Argentina removes all mention of ETS, carbon emissions, renewables from ‘Omnibus Law’

Carbon Pulse - Fri, 2024-04-12 23:09
The Milei administration in Argentina has removed details on carbon emissions, renewable energy, and a proposed ETS from its far-reaching ‘Omnibus Law’, in the latest episode of the reform bill saga, which began in late December.
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France latest to join global pro-carbon pricing alliance

Carbon Pulse - Fri, 2024-04-12 22:51
France has become the latest country to join a group of nations pledging to expand carbon pricing mechanisms around the world, its government announced on Friday.
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EU nations give final nod to energy-efficiency law for buildings

Carbon Pulse - Fri, 2024-04-12 22:47
The Council of EU member states gave the final go-ahead on Friday (April 12) to a new EU directive aimed at reducing the energy consumption of buildings, in an attempt to decarbonise the sector before it enters the EU's Emissions Trading System (ETS) in 2027.
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Indian states approve 500 land areas for involvement in controversial green credit scheme

Carbon Pulse - Fri, 2024-04-12 21:29
Ten Indian states have approved over 500 plots of degraded forest lands for inclusion in the government's Green Credit Programme despite experts and environmentalists objecting the scheme rules could have devastating impact on ecosystems.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-04-12 21:21
European carbon prices rose to their highest in three months on Friday morning, extending Thursday's 8% gain, as short-covering continued to drive the market, while also helping boost energy prices to their strongest in more than two months.
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INTERVIEW: Meet the Pirate lawmaker fighting for the world’s first carbon removal Bill of Rights

Carbon Pulse - Fri, 2024-04-12 20:38
A lawmaker from the libertarian Pirate Party in tiny Luxembourg is fighting to have a groundbreaking regulation approved that would be the first in the world to provide an incentive scheme for carbon removal (CDR) technologies. 
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TNFD, GRI announce closer nature and biodiversity reporting collaboration

Carbon Pulse - Fri, 2024-04-12 20:19
The Taskforce on Nature-related Financial Disclosures (TNFD) and the Global Reporting Initiative (GRI) have announced they are tightening their collaboration to better support corporate nature and biodiversity reporting.
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CN Markets: CEA price retreats from all-time high, liquidity improves

Carbon Pulse - Fri, 2024-04-12 20:13
Chinese carbon allowances have retreated from the all-time highs seen in previous weeks with healthier trading volumes,  but remain well above the 80 yuan ($11.05) threshold amid continued optimism for the market.
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World’s soils losing a billion tonnes of inorganic carbon every year, study finds

Carbon Pulse - Fri, 2024-04-12 19:44
Environmental degradation means some 1 billion tonnes of soil inorganic carbon (SIC) every year leaks into inland waters, with countries like China and India particularly affected, a group of researchers has found.
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Brightest-ever explosion's mystery of missing gold

BBC - Fri, 2024-04-12 19:00
The brightest burst of light ever recorded was caused by a supernova, but that prompts new questions.
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