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Portuguese aquaculture firm eyes biodiversity credit market to scale funding

Carbon Pulse - Tue, 2024-06-25 23:53
A Portugal-based aquaculture company is conducting a study to evaluate the ecosystem services provided by its bivalve farm to venture into the biodiversity credit market, as it says investments in the industry are still insufficient.
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UN climate adviser doubles down on call for ‘solidarity levies’ from polluting industries

Carbon Pulse - Tue, 2024-06-25 23:12
Countries need to look to new sources of climate finance including "solidarity levies" on sectors such as shipping, aviation, and fossil fuels extraction, the UN's special adviser on climate change said on Tuesday.
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Experts update UN guidance on cookstove carbon crediting calculation

Carbon Pulse - Tue, 2024-06-25 22:50
The number of carbon credits generated from cookstove projects could be set to tumble after the UNFCCC released an updated expert report on the key emissions reduction calculation rate.
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Swiss entity estimates 15 mln ITMOs from current Article 6 carbon pipeline, paying nearly $40/t

Carbon Pulse - Tue, 2024-06-25 22:18
A Swiss organisation, working on international Article 6 carbon programmes with host nations, expects they will generate an ITMO supply of 15 million tonnes by 2030, according to a report published Tuesday, paying nearly $40 per tonne for a large proportion of the forecast volume.
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Lufthansa to make customers share environmental cost burden

Carbon Pulse - Tue, 2024-06-25 22:01
A German air carrier will make customers pay for rising costs related to environmental regulations through the introduction of an environmental surcharge to apply to departures from January 2025.
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Migration of 6m antelope in South Sudan dwarfs previous records for world’s biggest, aerial study reveals

The Guardian - Tue, 2024-06-25 22:00

The movement is more than double that of east Africa’s renowned ‘great migration’ and has continued despite decades of war and instability

An extensive aerial survey in South Sudan has revealed an enormous migration of 6 million antelope – the largest migration of land mammals anywhere on Earth. It is more than double the size of the celebrated annual “great migration” between Tanzania and Kenya, which involves about 2 million wildebeest, zebra and gazelle.

“The migration in South Sudan blows any other migration we know of out the water,” said David Simpson, wildlife NGO African Parks’ park manager for Boma and Badingilo national parks, which the migration moves between and around. “The estimates indicate the vast herds of antelope species … are almost three times larger than east Africa’s great migration. The scale is truly awe-inspiring.”

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‘Male’ Brazilian rainbow boa produces 14 baby snakes in ‘miracle birth’

The Guardian - Tue, 2024-06-25 21:59

Misidentified reptile Ronaldo had not been in contact with any other snakes for at least nine years

The appearance of 14 baby snakes in a vivarium occupied by a Brazilian rainbow boa snake called Ronaldo was surprising on two counts.

First, staff at the City of Portsmouth college had thought Ronaldo was a male; second the 1.8-metre (6ft) long reptile had not been in contact with any other snakes for at least nine years.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-06-25 21:27
European carbon prices broke below Monday's low of €67.01 in morning trade as selling pressure continued to weigh on the market, before rallying slightly as buyers held firm, while natural gas moved in positive territory throughout the session as the TTF continued to edge sideways.
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Vast majority of corporates ignore supply chain emissions in net zero targets

Carbon Pulse - Tue, 2024-06-25 21:13
A report published Tuesday found that 85% of corporates have not set a net zero target that takes into account supply chain emissions.
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Singaporean company secures ‘first-of-its-kind’ TNFD-aligned loan

Carbon Pulse - Tue, 2024-06-25 20:20
A Singapore-based real estate company has secured a S$400-million ($295 mln) sustainability-linked loan (SSL), which incorporates targets on biodiversity conservation aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations.
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South Korea to prepare infrastructure for consignment emissions trading

Carbon Pulse - Tue, 2024-06-25 19:49
South Korea's environment ministry is teaming up with the country's major stock exchange to establish a consignment transaction system for the domestic emissions market. 
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China space probe returns with rare Moon rocks

BBC - Tue, 2024-06-25 19:40
The Chang'e-6 has landed after collecting the first ever samples from the far side of the Moon.
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Protecting just 1.2% of Earth’s land could save most-threatened species, says study

The Guardian - Tue, 2024-06-25 19:00

Study identifies 16,825 sites around the world where prioritising conservation would prevent extinction of thousands of unique species

Protecting just 1.2% of the Earth’s surface for nature would be enough to prevent the extinction of the world’s most threatened species, according to a new study.

Analysis published in the journal Frontiers in Science has found that the targeted expansion of protected areas on land would be enough to prevent the loss of thousands of the mammals, birds, amphibians and plants that are closest to disappearing.

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Newly identified tipping point for ice sheets could mean greater sea level rise

The Guardian - Tue, 2024-06-25 19:00

Small increase in temperature of intruding water could lead to very big increase in loss of ice, scientists say

A newly identified tipping point for the loss of ice sheets in Antarctica and elsewhere could mean future sea level rise is significantly higher than current projections.

A new study has examined how warming seawater intrudes between coastal ice sheets and the ground they rest on. The warm water melts cavities in the ice, allowing more water to flow in, expanding the cavities further in a feedback loop. This water then lubricates the collapse of ice into the ocean, pushing up sea levels.

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BRIEFING: ETS2 debate heats up ahead of EU leaders’ summit in Brussels

Carbon Pulse - Tue, 2024-06-25 18:52
Poland’s development funds and regional policy minister, Katarzyna Pelczynska-Nalecz, was the latest to call for reforming the EU’s carbon pricing scheme for transport and heating fuels (ETS2), calling on EU leaders to address the issue when they meet in Brussels later this week. Carbon Pulse brings an overview of key positions in the debate.
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Gold Standard releases global carbon markets policy tracker

Carbon Pulse - Tue, 2024-06-25 18:13
Gold Standard, a global certifier and standard-setter for the voluntary carbon market, has launched a new public tracker for carbon market regulations around the world.
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NGOs call on Malaysian exchange to drop ‘questionable’ Sarawak project

Carbon Pulse - Tue, 2024-06-25 17:56
A group of 54 international non-governmental organisations (NGOs) have urged Bursa Carbon Exchange (BCX) to drop a controversial project in Malaysia from being listed on the platform amid claims that it has harmed biodiversity and violated Indigenous rights.
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Carbon capture firm kicks off pilot at cement plant in Italy

Carbon Pulse - Tue, 2024-06-25 17:00
A UK-based carbon capture provider has launched a pilot plant at a cement facility in Italy, advancing its offering to help the the industry to decarbonise.
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Swiss carbon removal project developer raises $69 mln to scale capacity

Carbon Pulse - Tue, 2024-06-25 16:01
A Switzerland-based carbon removal and storage provider has raised $69 million in a funding round to bolster plans to ramp up capacity and expand in North America and Asia.
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Rising sea levels will disrupt millions of Americans’ lives by 2050, study finds

The Guardian - Tue, 2024-06-25 16:00

Floods could leave coastal communities in states like Florida and California unlivable in two decades

Sea level rise driven by global heating will disrupt the daily life of millions of Americans, as hundreds of homes, schools and government buildings face frequent and repeated flooding by 2050, a new study has found.

Almost 1,100 critical infrastructure assets that sustain coastal communities will be at risk of monthly flooding by 2050, according to the new research by the Union of Concerned Scientists (UCS). The vast majority of the assets – 934 of them – face the risk of flood disruption every other week, which could make some coastal neighborhoods unlivable within two to three decades.

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