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Indonesia could miss methane goal if it continues to under-report coal mine emissions, think tank says

Carbon Pulse - Tue, 2024-03-12 16:07
Indonesia is jeopardising its efforts to meet its international climate commitments by under-reporting its coal mine methane emissions, a report released Tuesday said.
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Reducing banked allowances in tightening cap-and-trade on the table at California joint committee hearing

Carbon Pulse - Tue, 2024-03-12 14:20
ARB staff and a stakeholder panel discussed with lawmakers at a joint committee public hearing on Monday the option of reducing the pool of banked allowances, trimming free allocation, or lowering California’s emissions cap to increase cap-and-trade programme stringency, as well as the future of the scheme post 2030.
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DAC developer partners with NZ Future Energy Centre on pilot project

Carbon Pulse - Tue, 2024-03-12 13:37
A Direct Air Capture (DAC) project developer is partnering with New Zealand’s Future Energy Centre (Ara Ake) to help develop the first pilot project of its kind in the country, it announced Monday.
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Korean non-profit establishes council for voluntary market engagement

Carbon Pulse - Tue, 2024-03-12 12:27
A South Korean non-profit dedicated to sustainable development has established a special council led by a climate policy veteran to facilitate the engagement of domestic companies in the voluntary carbon market.
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Critically endangered stonefly with ‘remarkable’ lifespan faces extinction as Victorian government decision condemned

The Guardian - Tue, 2024-03-12 12:20

Mount Donna Buang wingless stonefly could disappear after critical habitat determination rejected, conservationists say

A critically endangered stonefly, which can outlive most other insects, may become extinct after the Victorian government made an “incredibly disappointing” decision.

That’s the claim from the Victorian National Parks Association, which was frustrated on Monday after the government rejected an application for the Mount Donna Buang wingless stonefly to be granted a critical habitat determination.

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Bananas to cost more as climate warms, says expert

BBC - Tue, 2024-03-12 12:12
A warming climate and fast-spreading diseases threaten supplies and push up prices, a top banana industry expert warns.
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US 2025 budget requests additional $27 bln in climate funding

Carbon Pulse - Tue, 2024-03-12 10:13
The Biden administration’s $7.4 billion 2025 budget plan requests an increase of $26.9 bln for climate programmes across US agencies, as well as funding for international climate finance, according to documents released Monday.
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New gas power plants to stop blackouts - minister

BBC - Tue, 2024-03-12 10:07
Critics say a commitment to build new gas-fired power stations would threaten climate pledges.
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NZ Climate Commission warns of material NZU oversupply, calls for large cuts to auction volumes  

Carbon Pulse - Tue, 2024-03-12 10:05
The volume of NZUs available at auction must be dramatically reduced to cut a surplus in New Zealand’s ETS that threatens to undermine its effectiveness, the country’s Climate Change Commission (CCC) said Tuesday.
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Oregon sets 2024 rulemaking timeline to re-establish scrapped Climate Protection Program

Carbon Pulse - Tue, 2024-03-12 09:36
The Oregon Department of Environmental Protection (DEQ) on Monday announced a new rulemaking schedule to reinstate its market-based GHG reduction programme that a state court dismissed in December.
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PREVIEW: RGGI Q1 sale expected to trigger additional volumes

Carbon Pulse - Tue, 2024-03-12 09:06
Market participants coalesced around expectations for the first RGGI allowance auction of 2024 to clear around the Cost Containment Reserve (CCR) trigger, with secondary market prices converging towards that level over the last month.
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