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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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Monday was the warmest day recorded on Earth. But how do scientists actually measure that?

The Conversation - Thu, 2024-07-25 16:12
Determining the global average temperature on any given day is complex. It involves thousands of observations, high-tech equipment and sophisticated computer models. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Petronas acquires land for CCS hub in Malaysian state of Pahang

Carbon Pulse - Thu, 2024-07-25 15:41
National oil major Petronas has inked a land rental agreement with the Kuantan Port Consortium for the development of a carbon capture and storage (CCS) hub in the state of Pahang in Malaysia, the company said in a release.
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Almost 1 in 6 of the world’s banknotes feature wildlife – and they’re not always the creatures you’d expect

The Conversation - Thu, 2024-07-25 15:10
What do you know about your national currency? How about the cash used overseas? We studied wildlife imagery on banknotes around the world. Here’s what we found. Guy Castley, Associate Professor, School of Environment and Science, Griffith University Clare Morrison, Lecturer in Ecology, Griffith University Licensed as Creative Commons – attribution, no derivatives.
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Water temperatures near UK last year were hottest on record, say scientists

The Guardian - Thu, 2024-07-25 15:00

State of the UK Climate report shows sea surface temperatures 0.9C higher than the 1961 to 1990 average

The water near the UK’s coasts was hotter in 2023 than scientists have ever before recorded, a report has found, with children today experiencing a hotter and wetter climate than that in which their parents and grandparents grew up.

The sea surface temperature near coasts was 0.9C hotter and winter rainfall across the country was 24% greater over the last decade than the average from 1961 to 1990, according to the State of the UK Climate 2023 report. It found the number of “hot” (28C) days has more than doubled over that period, and the number of “very hot” (30C) and “extremely hot” (32C) days has more than tripled.

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Offshore wind to power 20m homes within five years, Starmer to pledge

The Guardian - Thu, 2024-07-25 14:00

Scheme will use taxpayer money to develop parts of seabed owned by the royal family

Keir Starmer will promise to build enough offshore wind over the next five years to power 20m homes, by using taxpayer money to develop parts of the seabed owned by the royal family.

The prime minister will announce details of the government’s energy generation company, known as Great British Energy, during a visit to the north-west designed to highlight the government’s promises on green energy.

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Ulez expansion led to significant drop in air pollutants in London, report finds

The Guardian - Thu, 2024-07-25 14:00

Change equivalent to removing 200,000 cars for a year, with capital’s air quality improving at faster rate than rest of England

Levels of harmful air pollutants have dropped significantly since the ultra-low emission zone was enlarged to cover Greater London last year, according to a report from city hall.

Analysis covering the first six months since the Ulez expansion found that total emissions of nitrogen oxides (NOx) from cars across London were 13% lower than projected had the scheme remained confined to inner London, while NOx from vans was 7% lower.

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