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ANALYSIS: Environmental, economic interests converge in US federal CBAM bills

Carbon Pulse - Wed, 2024-04-17 09:29
Proposals for various forms of a US carbon border adjustment mechanism (CBAM) are bringing together environmentally focused and economically inclined politicians from opposite sides of the political spectrum, offering a rare glimmer of hope for bipartisan agreement against an increasingly contentious climate-oriented global trade backdrop.
Categories: Around The Web

Verra announces VCS updates to support CORSIA, CPP eligibility

Carbon Pulse - Wed, 2024-04-17 09:00
Verra released Tuesday what it called "minor" updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.
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Brazilian bank allocates R$98 mln from Amazon Fund to combat deforestation

Carbon Pulse - Wed, 2024-04-17 08:42
A Brazilian state will receive funding from the country’s development bank that manages the Amazon Fund to address illegal deforestation and forest degradation, according to a press release.
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Texas and California firms partner to develop SAF using waste CO2

Carbon Pulse - Wed, 2024-04-17 06:36
A California low-carbon electrofuels (efuels) developer has agreed to purchase captured CO2 from a Texas energy firm to primarily produce sustainable aviation fuel (SAF), the companies announced Wednesday.
Categories: Around The Web

Light pollution affects coastal ecosystems too – this underwater ‘canary’ is warning of the impacts

The Conversation - Wed, 2024-04-17 06:16
The common triplefin is helping marine scientists understand the negative effects of ‘skyglow’ on coastal fish, which are already more exposed to microplastics, chemicals and noise pollution. Kathleen Laura Sterup, Postgraduate in Marine Biology, Te Herenga Waka — Victoria University of Wellington Abigail M Smith, Professor of Marine Science, University of Otago Licensed as Creative Commons – attribution, no derivatives.
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Bezos Earth Fund to award $100 mln for AI-based climate solutions

Carbon Pulse - Wed, 2024-04-17 05:55
US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.
Categories: Around The Web

Emissions reduction technology firm signs agreement with SAF, biodiesel producers in Spain

Carbon Pulse - Wed, 2024-04-17 05:54
A new biofuels plant in Spain will utilise industrial hydrotreating technology to reduce emissions in the production of sustainable aviation fuel (SAF) and biodiesel, the companies announced Tuesday.
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Carbon project developer, non-profit create tokenised ‘co-benefit unit’ to be attached to ACCU issuance  

Carbon Pulse - Wed, 2024-04-17 05:00
Australian Carbon Credit Units (ACCUs) issued to a project in Western Australia will be stapled to independently verified 'co-benefit units’ tokenised on blockchain, according to its developers.
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Thermal power in Russia to keep on dominating energy mix in next decade

Carbon Pulse - Wed, 2024-04-17 03:08
Thermal power will continue to dominate Russia’s annual generation mix from 2024-35, according to a data and analytics company.
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EU nations call for sustainable carbon policy package for chemicals

Carbon Pulse - Wed, 2024-04-17 03:07
Some EU member states are calling upon the European Commission to put forward a policy package on sustainable carbon for the chemical industry, according to a joint statement they delivered to the commissioner in charge of climate action, Wopke Hoekstra, in Brussels on Tuesday.
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Global commodities firm deploys real time emissions reporting tech on LNG carrier

Carbon Pulse - Wed, 2024-04-17 03:03
A Singapore-headquartered global commodities trading house plans to deploy a Swiss firm's technology for real time measurement and reporting of GHG emissions, the companies said Monday.
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Greece becomes first European country to ban bottom trawling in marine parks

The Guardian - Wed, 2024-04-17 03:00

The law will come into force in national parks within two years and in all of the country’s marine protected areas by 2030

Greece has become the first country in Europe to announce a ban on bottom trawling in all of its national marine parks and protected areas.

The country said will spend €780m (£666m) to protect its “diverse and unique marine ecosystems”.

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CCUS investments may dampen profitability, if cheaper clean alternatives are available -report

Carbon Pulse - Wed, 2024-04-17 02:59
Investments in carbon capture and utilisation or storage risk squeezing margins for businesses that use the technology to extend the life of polluting assets when cheaper alternatives are available, according to a research report by Moody's.
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Better VCM data can help companies reach climate goals, experts say

Carbon Pulse - Wed, 2024-04-17 02:45
An increasing availability of better-quality data in the carbon market is already helping companies get closer to neutrality, experts at IETA’s annual European Climate Summit in Florence said on Tuesday.
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Clearer definitions given for carbon farming under EU carbon removal framework

Carbon Pulse - Wed, 2024-04-17 02:17
Clearer definitions for the scope, quantification, and baselines of carbon farming activities to be included under the EU’s Carbon Removal Certification Framework (CRCF) were presented by the European Commission on Tuesday.
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Albanese’s promised clean economy act has been a long time coming, but it’s the right place to start | Adam Morton

The Guardian - Wed, 2024-04-17 01:00

The challenge for a resource-rich, medium-sized economy such as Australia is to identify the right green industries to focus on, while minimising the risks to taxpayers

It’s taken a while to get here, but Anthony Albanese is on the verge of promising what some economists and most clean energy advocates have been urging Australian governments to do for years. Or at least a version of it.

The prime minister’s promised “future made in Australia” act is clumsily named, and the announcement last week had few details, but the idea – that the government will need to use its weight to help develop green industries if the country is to make a rapid transition from fossil fuels to a clean economy – has been a long time coming.

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Categories: Around The Web

Australians choose hybrids over EVs as sales of conventional cars decline

The Guardian - Wed, 2024-04-17 01:00

Hybrids outsold pure electrics in the past three quarters, according to new figures, while petrol and diesel sales fell 8%

Australians are choosing hybrid over electric vehicles, but sales of both continue to climb while internal combustion engines record a decline.

Hybrids outsold EVs in three consecutive quarters with 95,129 sales – overtaking 69,593 EVs sold, according to the Australian Automobile Association’s quarterly EV Index released on Tuesday night.

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FEATURE: Exchanges, futures traders, regulators divided over how to make voluntary carbon prices transparent

Carbon Pulse - Wed, 2024-04-17 00:50
The prospect of public pricing in the voluntary carbon market (VCM), potentially spurred by looming disclosure requirements, is provoking a range of reactions from market participants hinging on appetite for regulation, favourability toward transparency, and financial stake, experts have told Carbon Pulse.
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Demand in biodiversity credit market set to rise, amid huge price range -research

Carbon Pulse - Tue, 2024-04-16 23:06
An analysis of recent transactions under five voluntary biodiversity credit frameworks has found that prices vary massively, ranging from $7 to $41,000 per unit for a 100-year conservation period, with average rates expected to surge in the coming years.
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Biodiversity credit market must recognise many projects will not work -researcher

Carbon Pulse - Tue, 2024-04-16 22:26
Buyers of biodiversity credits should purchase multiple units at once to overcome the issue of some single initiatives not offering actual nature uplift, a researcher has said.
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