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Just 57 companies linked to 80% of greenhouse gas emissions since 2016

The Guardian - Thu, 2024-04-04 09:01

Analysis reveals many big producers increased output of fossil fuels and related emissions in seven years after Paris climate deal

A mere 57 oil, gas, coal and cement producers are directly linked to 80% of the world’s greenhouse gas emissions since the 2016 Paris climate agreement, a study has shown.

This powerful cohort of state-controlled corporations and shareholder-owned multinationals are the leading drivers of the climate crisis, according to the Carbon Majors Database, which is compiled by world-renowned researchers.

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Joint initiative gives more than 30,000 Nigerian smallholder farmers access to carbon finance

Carbon Pulse - Thu, 2024-04-04 08:58
An agtech partnership with an emissions trading marketplace launched on Wednesday aims to provide more than 30,000 smallholder farmers in Nigeria with access to carbon finance.
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Stakeholders grumble about limited voluntary carbon market access, other design flaws in BC’s latest draft forest offset protocol

Carbon Pulse - Thu, 2024-04-04 08:39
Stakeholders have criticised the latest draft of British Columbia’s second forest carbon offset protocol (FCOP 2.0) over the prospects of limited interaction with the voluntary carbon market (VCM) and for other perceived design flaws, according to a report.
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LCFS Market: Prices tumble about 5% with reopening of large California renewable diesel refinery

Carbon Pulse - Thu, 2024-04-04 08:06
California’s low carbon fuel standard (LCFS) prices fell around 5% this week with the reopening of a renewable diesel (RD) refinery flooding an already oversupplied market.
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US steel producer inks first North American deal to capture CO2 at its plant

Carbon Pulse - Thu, 2024-04-04 06:53
A US steel producer on Wednesday announced a 20-year agreement with a carbon capture technology firm to establish a CCUS facility at one of North America’s largest integrated steel mills.
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Out of alignment: how clashing policies make for terrible environmental outcomes

The Conversation - Thu, 2024-04-04 06:14
Even with the best intentions, policies from different government departments can clash. Euan Ritchie, Professor in Wildlife Ecology and Conservation, School of Life & Environmental Sciences, Deakin University Catherine Lovelock, Professor of Biology, The University of Queensland Sarah Bekessy, Professor in Sustainability and Urban Planning, Leader, Interdisciplinary Conservation Science Research Group (ICON Science), RMIT University Licensed as Creative Commons – attribution, no derivatives.
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Canadian agricultural carbon credit project first to get approval from US-based registry

Carbon Pulse - Thu, 2024-04-04 04:43
A regenerative agriculture project from a Saskatchewan-based carbon credit origination and streaming company was the first to receive approval by a nascent New York-headquartered registry, according to a statement released on Wednesday.
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Boom in mining for renewable energy minerals threatens Africa’s great apes

The Guardian - Thu, 2024-04-04 04:00

Researchers applaud move away from fossil fuels but say more must be done to mitigate effects on endangered species

Up to a third of Africa’s great apes are threatened by a boom in mining projects for minerals required for the renewable energy transition, new research shows.

An estimated 180,000 gorillas, bonobos and chimpanzees are at risk due to an increase in demand for critical minerals such as copper, lithium, nickel and cobalt, a study has found. Many of those minerals are required for clean energy technologies such as wind turbines and electric cars. Researchers say the boom in demand is driving destruction of tropical rainforests which are critical habitats for Africa’s great apes.

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UPDATE – EU ETS verified emissions dropped a larger-than-expected 16% in 2023, preliminary data shows

Carbon Pulse - Thu, 2024-04-04 03:45
Verified emissions under the EU ETS dropped by a larger-than-expected 16% in 2023, according to the European Commission and two analysis firms’ calculations, with a huge fall in power generator CO2 output driving the record decline.
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UN names veteran EU official Astrid Schomaker as new biodiversity chief

The Guardian - Thu, 2024-04-04 02:53

German’s appointment to head Convention on Biological Diversity follows global failure to meet any targets on protecting ecosystems

The next UN biodiversity chief will be Astrid Schomaker, an EU civil servant who will be entrusted with helping the world confront the ongoing catastrophic loss of nature.

Schomaker has been a career official with the EU commission for 30 years. A surprise appointment, she will be tasked with corralling governments to make good on their commitments to protect life on Earth – something they have not done in more than 30 years since the UN biodiversity convention was created.

Find more age of extinction coverage here, and follow biodiversity reporters Phoebe Weston and Patrick Greenfield on X for all the latest news and features

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Greek ministers hint climate action will succumb to economic needs

Carbon Pulse - Thu, 2024-04-04 02:03
Greece is expected to submit a not-so-ambitious climate plan, giving in to fears that its economy will not be able to sustain a fast decarbonisation, according to officials.
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US DOE releases first blueprint for decarbonising national building sector

Carbon Pulse - Thu, 2024-04-04 01:42
The US Department of Energy (DOE) has unveiled its first federal strategy for decarbonising the buildings sector, intended to reduce related greenhouse gas (GHG) emissions 65% by 2035 and 90% by 2050.
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New partnership aims to scale voluntary carbon trade via live market data linkup

Carbon Pulse - Thu, 2024-04-04 01:38
A data management company has teamed up with an online trading platform provide to deliver live voluntary carbon market information to customers, the two announced on Wednesday.
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INTERVIEW: UK non-profit spearheads urban biodiversity credit project in Rio

Carbon Pulse - Thu, 2024-04-04 00:52
Two non-profit organisations and a Brazilian financial institution have joined forces with Rio de Janeiro municipality to develop an urban biodiversity credit programme and standard, while planning five other projects around the world, Carbon Pulse has learned. 
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Local communities in Brazil sue voluntary carbon standard Verra for $24 mln in lost profits after project suspension

Carbon Pulse - Thu, 2024-04-04 00:51
Three Brazilian community groups, stakeholders in a suspended REDD project certified by Verra, are attempting to sue the voluntary carbon standard for $8 million each ($40 mln Brazilian reais) in lost profits.
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Stakeholders urge EU to adopt robust low-carbon hydrogen rules

Carbon Pulse - Thu, 2024-04-04 00:04
Industry, environmental NGOs, and think tanks have urged the European Commission not to rush when defining the rules of low-carbon hydrogen in an upcoming delegated act.
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UN appoints German diplomat Astrid Schomaker as new biodiversity chief

Carbon Pulse - Wed, 2024-04-03 23:46
The UN has appointed German environmental diplomat Astrid Schomaker as the next executive secretary of the Convention on Biological Diversity (CBD), ahead of the crucial COP16 biodiversity summit due to be held in Colombia later this year.
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