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New UK public company created to boost Britain’s quest for energy independence, net zero

Carbon Pulse - Fri, 2024-07-26 01:13
UK Prime Minister Keir Starmer and Energy Secretary Ed Miliband announced today a new British Energy partnership that aims to leverage up to £60 billion of private investment into the UK's quest for independence in clean energy technologies that will drive the country's net zero transition. 
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Steel demand remains sluggish in Europe as recovery fails to pick up

Carbon Pulse - Thu, 2024-07-25 23:47
Swedish steelmaker SSAB highlighted weak demand in Q2 and predicted pronounced low demand in Q3 in results published this week, amid a persistent worsening outlook for the European steel sector as a whole.
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Frankfurt and Oslo airport flights hit as climate protests continue

The Guardian - Thu, 2024-07-25 23:09

Flights at Germany’s busiest airport ‘gradually resuming’ on second day of coordinated ‘oil kills’ protests

Climate activists have disrupted flights at Frankfurt and Oslo airports on the second day of coordinated “oil kills” protests across Europe and North America.

Demanding an end to fossil fuels by 2030, supporters of Letzte Generation (Last Generation) briefly suspended flights at Frankfurt airport on Thursday morning. The activists said they had cut a wire fence, entered on bicycles and skateboards and glued themselves to the tarmac.

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FEATURE: CO2-derived plastics trump bio-based plastics on GHG footprint, resource usage

Carbon Pulse - Thu, 2024-07-25 23:04
CO2-derived plastics could reduce the greenhouse gas footprint of plastics under a clean energy grid scenario and reduce pressure on biomass resources, which will become increasingly in-demand as the world pivots towards a more circular economy, say plastic experts.
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High operational costs limiting Thailand’s voluntary carbon market -report

Carbon Pulse - Thu, 2024-07-25 22:43
High operational costs, including that of of assessment and certification of carbon credits, has hindered the growth of Thailand’s domestic carbon market, a report released this week has found.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-07-25 22:07
European carbon prices were slightly lower at midday on Thursday as the market consolidated the gains of the last two days in fairly active trading, while energy markets also fell on technical selling after sharp rises on Wednesday.
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Plan Vivo moves to plug risk of unintended leakage from biodiversity crediting projects

Carbon Pulse - Thu, 2024-07-25 20:58
Nature and carbon standard-setter Plan Vivo Foundation is developing an initiative for measuring the unintended consequences of conservation activities involved in emerging biodiversity markets.
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Australian startup releases guidance on biodiversity metrics to enhance corporate disclosures

Carbon Pulse - Thu, 2024-07-25 20:49
An Australian-based biodiversity intelligence startup has developed a model incorporating global and local metrics to assess ecosystem and species health, seeking to enhance data comparability and steer companies in nature-related disclosures.
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Indonesia expands ETS as smaller coal-fired plants to be added

Carbon Pulse - Thu, 2024-07-25 20:25
Indonesia is about to increase the scope of its nascent emissions trading scheme, as the coverage threshold for participating coal-fired power plants will be lowered to 25 MW of capacity, the government announced this week.
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Carbon pricing can lower green premium in Asia steel sector, report says

Carbon Pulse - Thu, 2024-07-25 20:02
An effective carbon price can potentially make a greener, hydrogen-based steelmaking process a cost-effective alternative for steelmakers in China and some other Asian countries, a group of researchers have found.
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Typhoon Gaemi makes landfall in Taiwan and brings floods to Manila – video

The Guardian - Thu, 2024-07-25 20:01

The storm has made landfall in Taiwan, unleashing torrential rain and strong gusts that have claimed at least three lives. Typhoon Gaemi also exacerbated rains in the Philippines, flooding the capital, Manila, and nearby cities, forcing authorities to shut schools, offices and prompting authorities to declare a state of calamity

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Biodiversity credit firms partner to scale nature markets

Carbon Pulse - Thu, 2024-07-25 20:00
Two of the participants in the emerging biodiversity credit market are partnering to align their work with the aim of scaling nature markets in Africa, Europe, and the Americas, Carbon Pulse has learned.
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Sabah govt to launch mangrove action plan

Carbon Pulse - Thu, 2024-07-25 19:43
The state government of Sabah in Malaysia will soon launch a Sabah Mangrove Action Plan for the conservation of its mangrove forests, its chief minister has announced.
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Xpansiv’s CBL spot exchange trades 37,606 tonnes on first day

Carbon Pulse - Thu, 2024-07-25 17:51
Xpansiv launched trading of standardised Global Emissions Offset (GEO) contracts on its CBL spot exchange on Monday with 37,606 tonnes trading via the contracts, which are aligned with the Integrity Council for the Voluntary Carbon Market’s (ICVCM) Core Carbon Principles (CCP). 
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Food giants come out in defence of EU’s anti-deforestation law

Carbon Pulse - Thu, 2024-07-25 17:32
Chocolate makers Nestle, Mars Wrigley, and Ferrero have written to the European Commission to defend the EU’s anti-deforestation regulation amid calls to delay and revise the legislation to reduce bureaucracy for small farmers.
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Falling coal costs for power raise prospect of more EUA demand this winter –analyst

Carbon Pulse - Thu, 2024-07-25 17:03
A decline in short-term coal prices in Europe may set the stage for an increase in consumption of the fuel in the coming winter, as operating costs for coal-fired power plants approach parity with those for gas-fired generation, according to an analyst.
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Developed countries should contribute trillions to support climate finance, BASIC bloc says

Carbon Pulse - Thu, 2024-07-25 16:19
The BASIC group of Brazil, South Africa, India, and China have repeated demands that rich countries ramp up their climate finance contributions, urging them to commit trillions of dollars to assist developing countries in reducing their greenhouse gas emissions.
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