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EU announces record €3 bln spending on clean energy from carbon trading revenues

Carbon Pulse - Tue, 2024-06-25 00:10
The European Commission has disbursed €2.967 billion from emissions trading revenues to support 39 clean energy projects in less-developed EU member states, in what is the largest disbursement of this kind to date, the EU executive announced on Monday.
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Set more ambitious climate targets to save Great Barrier Reef, Unesco urges Australia

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

Reef escapes being classed ‘in danger’ for now but the government must submit a progress report to World Heritage committee by February 2025

Unesco has urged Australia to set more ambitious climate targets for the Great Barrier Reef in a list of recommendations to preserve its status as a world heritage site.

The report, published in Paris late on Monday, did not recommend the reef be placed on a list of sites “in danger” – a threat that has hung over the reef for years – when the 21-country world heritage committee meets next month.

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International standards body announces fresh plan to harmonise emissions disclosure landscape

Carbon Pulse - Mon, 2024-06-24 23:37
An international sustainability standard-setter has unveiled a new two-year plan to help bring together the various corporate climate disclosure requirements, also formalising several partnerships with other organisations in the field.
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World Bank, IMF operationalise climate action framework with first Madagascar project

Carbon Pulse - Mon, 2024-06-24 22:51
The World Bank and the International Monetary Fund (IMF) have launched the 'Enhanced Cooperation Framework for Climate Action' with Madagascar as the first beneficiary.
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EU ETS should apply to all types of CO2 from waste incineration, NGO argues

Carbon Pulse - Mon, 2024-06-24 22:46
The EU should press ahead with plans to extend its ETS to the incineration of municipal waste, while ensuring that rubbish isn't diverted to landfills to avoid the carbon price, an NGO recommended on Monday based on new analysis.
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Save UK steel jobs through low-carbon investment, says think-tank

Carbon Pulse - Mon, 2024-06-24 22:00
The next UK government could protect thousands of jobs at the Port Talbot steelworks and expand British steelmaking by investing in low-carbon technology over the next five years, according to a climate think-tank.
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INTERVIEW: Climate targets ‘untouchable’, but other Green Deal laws must be rewritten, says EU election winner

Carbon Pulse - Mon, 2024-06-24 21:57
The EU’s anti-deforestation regulation is a “bureaucratic monster” that must be revised, alongside the 2035 ban on new petrol and diesel cars, says Peter Liese, a German lawmaker who is environment spokesperson for the centre-right European People’s Party (EPP) that won the EU elections this month.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-06-24 21:20
European carbon prices fell to their lowest in more than seven weeks on Monday morning as natural gas prices declined for a third day and the outlook for demand worsened amid rising temperatures in northern Europe and a persistently negative clean dark spread.
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EBRD urged to improve biodiversity safeguards, rule out offsetting

Carbon Pulse - Mon, 2024-06-24 21:14
The European Bank for Reconstruction and Development (EBRD) should improve its biodiversity standard, as recent changes to its environmental policy are not sufficient to ensure the bank does not finance nature-damaging projects, a campaign group has said.
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Mission 2025 group launches to push govts to meet Paris Agreement goals

Carbon Pulse - Mon, 2024-06-24 20:41
A global coalition consisting of some of the world’s biggest corporations, cities, and regions was launched Monday to push governments worldwide align their national climate goals with the Paris Agreement.
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China steel industry should seek carbon financing opportunities from emissions markets, report says

Carbon Pulse - Mon, 2024-06-24 20:10
China's steel industry should explore more financing options for its decarbonisation plans, especially potential ones linked with emerging power and carbon markets in the country, a report has said. 
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Swedish carbon startup raises $5.5 mln to launch blockchain-based removal token

Carbon Pulse - Mon, 2024-06-24 19:20
A Swedish startup has raised $5.5 million to help verify nature-based carbon removal credits, it announced Monday, using the funding to launch tokens based on blockchain technology.
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AXA Climate, tech company launch forestry insurance to protect against increasing natural disasters

Carbon Pulse - Mon, 2024-06-24 18:51
France-headquartered climate risk manager AXA Climate and an Irish forestry management software company have teamed up to launch insurance for forestry fires and storms.
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Japanese consultancy to explore tokenisation of domestic carbon credits

Carbon Pulse - Mon, 2024-06-24 18:41
A major consultancy firm in Japan has teamed up with a blockchain solution provider to support the creation of offsets from domestic forestry projects by promoting the tokenisation of carbon credits. 
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Software firm raises carbon offset buying one-third as it continues pivot to removals

Carbon Pulse - Mon, 2024-06-24 18:09
A large software company increased the volume of voluntary carbon credits it bought in the last fiscal year by 33%, it said in an annual impact report, as it continues its transition towards buying only removal units at the end of the decade.
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ANALYSIS: The Nature Restoration Law – what’s next for EU companies?

Carbon Pulse - Mon, 2024-06-24 16:59
EU member states could include the private sector in their plans to achieve national targets under the Nature Restoration Law (NRL) as public funding will likely prove insufficient, and the newly approved legislation is likely to contribute to scaling the biodiversity credit market, according to experts.
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South Korea secures Article 6 partnerships with Cambodia and Bangladesh, holds talks with several others

Carbon Pulse - Mon, 2024-06-24 16:11
South Korea's trade ministry will this week sign Article 6 partnership with Cambodia and Bangladesh during discussions with representatives from seven countries for further cooperation in establishing international emissions reduction projects aligned with the Paris Agreement.
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‘Fraught with danger’: wild honey gathering in Nepal – in pictures

The Guardian - Mon, 2024-06-24 16:10

For generations the Gurung community in Taap, about 175km (110 miles) west of the capital, Kathmandu, and other villages in the districts of Lamjung and Kaski, have scoured the steep Himalayan cliffs for honey. The villagers say the proceeds, split among them, are drying up as the number of hives has declined over the past decade, although some also earn a living from growing crops of rice, corn, millet and wheat

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Japanese developer teams up with multiple agencies to implement rice paddy JCM projects across Vietnam

Carbon Pulse - Mon, 2024-06-24 16:06
A Japanese company has signed several agreements in Vietnam to develop agriculture-based carbon projects across the country under Japan’s Joint Crediting Mechanism (JCM), the firm announced Monday.
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Australia consults on draft ’30 by 30′ terrestrial roadmap

Carbon Pulse - Mon, 2024-06-24 15:43
The Australian government is seeking feedback on a draft roadmap to show how it will reach its goal of restoring and protect 30% Australia’s land by 2030.
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