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WCI Markets: CCAs head lower with WCA sell-off post Q1 auction

Carbon Pulse - Fri, 2024-03-08 11:24
California Carbon Allowance (CCAs) prices have reversed direction to return to their post-auction lows, while Washington Carbon Allowances (WCA) took a hit after the state attempted to clarify the implications of a voter-led initiative that could upend the cap-and-trade scheme.
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Mass die-offs rising among farmed salmon

BBC - Fri, 2024-03-08 10:52
Warmer seas and greater reliance on technology are linked to hundreds of millions of farmed salmon deaths.
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Massachusetts Clean Heat Standard could see changes to emissions reduction targets, biofuel use

Carbon Pulse - Fri, 2024-03-08 10:25
Massachusetts’ Department of Environmental Protection (DEP) presented potential adjustments to its draft Clean Heat Standard (CHS), as the agency solicits a final round of comments in advance of a new proposal, staff outlined during a community webinar Thursday.
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Fifth mass coral bleaching event in eight years hits Great Barrier Reef, marine park authority confirms

The Guardian - Fri, 2024-03-08 10:20

Particular concern raised for southern areas of the reef that have not been badly bleached since 2016 with ‘high risk’ of significant coral death

Lord Howe island faces ‘major’ coral bleaching as ocean temperatures continue to break records

The Great Barrier Reef is in the grip of a mass coral bleaching event driven by global heating – the fifth in only eight years – the marine park’s government authority has confirmed.

The authority, together with scientists from the Australian Institute of Marine Science, have completed aerial surveys across 300 reefs over two thirds of the reef, with more to come.

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North American firms partner to monitor direct ocean capture

Carbon Pulse - Fri, 2024-03-08 10:02
A Montreal-based carbon removal project developer will evaluate direct ocean capture conducted at its facility through a partnership with a US ocean monitoring firm, the firms announced Thursday.
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The Southern Ocean upwelling is a mecca for whales and tuna that’s worth celebrating and protecting

The Conversation - Fri, 2024-03-08 09:22
This marine ecosystem is so important it’s one of the main reasons the federal government has greatly reduced the area available for offshore wind farms in the region. Jochen Kaempf, Associate Professor of Natural Sciences (Oceanography), Flinders University Licensed as Creative Commons – attribution, no derivatives.
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Fished for their meat and liver oil, many remarkable deep-water sharks and rays now face extinction

The Conversation - Fri, 2024-03-08 05:03
Long lifespans and slow reproduction rates make deep-water sharks and rays as vulnerable to overexploitation as whales once were. We must place them under protection to avoid extinctions. Brittany Finucci, Fisheries Scientist, National Institute of Water and Atmospheric Research Cassandra Rigby, Adjunct Senior Research Fellow, James Cook University Licensed as Creative Commons – attribution, no derivatives.
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Euro Markets: EUAs post modest drop in volatile trading as profit-taking and new shorts compete

Carbon Pulse - Fri, 2024-03-08 03:15
European carbon prices swung violently for a second day on Thursday as continued short covering sustained the market after a weak auction, pushing it above key technical resistance levels, before longer term shorts reasserted themselves in the afternoon and unwound the day's gains.
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Galicia presents carbon market decree for consultation as regional voluntary schemes emerge in Spain

Carbon Pulse - Fri, 2024-03-08 03:04
The autonomous region of Galicia in Spain opened legislation to structure a local voluntary carbon market (VCM) for public consultation on Wednesday, following a similar regional initiative announced by Catalonia in December and in time with Murcia’s proposal on Tuesday.
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Study outlines France’s strong potential for carbon removals

Carbon Pulse - Fri, 2024-03-08 02:59
France has the capacity to diversify its carbon sinks and achieve climate neutrality, or even become net negative, before 2050, according to a new study published on Thursday.
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Some large investors support nature in voting policies in US and Europe, report says

Carbon Pulse - Fri, 2024-03-08 02:05
Some large investors in the US and Europe have supportive voting policy stances for nature and biodiversity, although not all of them, a report by data company Morningstar has found.
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UPDATE – Market freedom, public support should be amongst top priorities in setting EU’s new climate agenda -report

Carbon Pulse - Fri, 2024-03-08 02:00
Avoiding over-regulation, increasing public support, strengthening international climate policy, and ensuring the bloc’s industry is competitive should be prioritised by the next European Commission, a report said Thursday.
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Company at centre of NSW asbestos crisis argues EPA ban on selling mulch is having ‘unjustified impact’

The Guardian - Fri, 2024-03-08 00:00

Exclusive: firm points to risk of asbestos contamination from other sources as it seeks to have prevention order thrown out

The landscaping materials company at the centre of the New South Wales asbestos crisis will point to the risks of contamination outside its facilities and the “unjustified impact” on its business when it argues to have an order preventing it making mulch products quashed.

Greenlife and the NSW Environment Protection Authority are expected to appear before the state’s land and environment court for a directions hearing on Friday.

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“Explosive” demand for nature-based solutions in Europe, survey shows

Carbon Pulse - Thu, 2024-03-07 23:55
Demand for nature-based solutions in Europe is increasing "exponentially" for some organisations, with companies calling for support to bridge the skills gap and ramp up supply, a study has shown.
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EU27 formally backs exit plan from controversial Energy Charter Treaty

Carbon Pulse - Thu, 2024-03-07 23:33
The Council of EU member states on Thursday backed a compromise proposal by the Belgian EU Presidency laying out a procedure for the bloc to quit the 1990s Energy Charter Treaty, which has attracted criticism from EU governments for hampering attempts to phase out fossil fuels.
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FEATURE: EU’s carbon removal certification law paves way for negative emissions in waste-to-energy sector

Carbon Pulse - Thu, 2024-03-07 22:38
The waste-to-energy sector welcomed a political agreement last month on the EU’s Carbon Removal Certification Framework (CRCF), saying the first incinerators fitted with carbon capture technology could see the light as soon as 2028-29, after their inclusion in the EU ETS.
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World's earliest forest discovered, scientists say

BBC - Thu, 2024-03-07 22:34
The tree fossils dating back 390 million years were found near a Butlin's holiday camp in Somerset.
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CBAM may lead to higher prices, emissions from UK power exports to EU -report

Carbon Pulse - Thu, 2024-03-07 22:19
The EU's Carbon Border Adjustment Mechanism (CBAM) could push up the cost of the bloc's electricity imports from the UK, deterring the development of low-carbon projects and leading to higher carbon emissions on both sides, according to analysis released on Thursday.
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