Feed aggregator

Most of the Nature Action 100’s (NA100) focus companies are in the early stages of addressing their nature-related impacts, but further action is needed across Indigenous Peoples’ rights, governance, and disclosure, the group has said.

A carbon storage facility in the Greek city of Prinos received the EU green light on Monday, raising the country's profile as a CO2 storage hub as well as Southern Europe's CCS ambitions.

The lifetime emissions of a project to add carbon capture technology to a gas-fired power plant in Scotland could be three to five times higher than reported by the developer, according to estimates by a climate think tank.

Low ball bids dominated the voluntary carbon market last week, eyeing up the pressure on sellers amid the glut of avoidance credits.

Almost 40% of tree species covered by the first Global Tree Assessment released Monday were found to be at risk of extinction, with species at risk in 192 countries worldwide.

If everyone emitted carbon at the same rate as the world’s wealthiest 1%, the global carbon budget would be exhausted in under five months, according to a recent report.

EU member states will be legally permitted to introduce or maintain their own national carbon pricing mechanisms alongside the bloc’s soon-to-be-launched emissions trading system for buildings and road transport (EU ETS2).

Scientists have warned that rising temperatures are making the planet increasingly uninhabitable and pushing the Amazon to the brink of large-scale collapse, offering 10 climate insights and possible ways forward, in a report published on Monday.

Scientists have revealed that more than a third of tree species are facing extinction.

The mammals were once common across Europe but urban development has pushed them towards extinction

Hedgehogs are now listed as “near threatened” on the International Union for Conservation of Nature’s red list after a decline in numbers of at least 30% over the past decade across much of their range.

While hedgehogs were once common across Europe, and were until now listed as of “least concern” on the red list, they are being pushed towards extinction by urban development, intensive farming and roads, which have fragmented their habitat.

Continue reading...

Governments need to take urgent action to avoid perverse uses of biodiversity credits, including cross-border offsetting, as the International Advisory Panel on Biodiversity Credits (IAPB) believes its newly launched framework alone won’t be a sufficient safeguard, its co-chairs told Carbon Pulse.

An influential panel led by the UK and France on Monday released its long-awaited framework to steer and scale the development of high integrity biodiversity markets, advising against secondary markets transactions and ruling out the use of non-local credits for offsetting except for contribution purposes.

The United Arab Emirates' state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.

A two-day seminar organised by a global financial institution and Uzbekistan’s economy ministry discussed the Central Asian country’s participation in international carbon markets, local media reported.

Australian miner paying ‘massive bonuses’ for ‘steamrolling ahead with an outdated and unacceptably risky coal growth strategy’, activists say

• Get our breaking news email, free app or daily news podcast

Whitehaven Coal, one of Australia’s biggest coal producers, faces a rare “second strike” from shareholders this week as climate activists seek to draw attention to the miner’s plans to ramp up volumes and resulting carbon emissions.

The ASX-listed company received a 41% vote against its executives’ remuneration report at last year’s annual general meeting. A vote of at least 25% at this year’s AGM on Wednesday would force a motion to spill Whitehaven’s board.

Continue reading...

Australia must insist on full removal when ExxonMobil decommissions offshore gas project, Wilderness Society says

• Get our breaking news email, free app or daily news podcast

An international law expert has warned abandoning oil and gas infrastructure in Bass Strait would breach Australia’s obligations under international law, if ExxonMobil pursues this plan in decommissioning its Gippsland offshore project.

Prof Donald Rothwell, who specialises in international law at the Australian National University, said Bass Strait was used for international navigation and had special status under the UN convention on the law of the sea (Unclos) and related International Maritime Organisation (IMO) guidelines.

Sign up for Guardian Australia’s breaking news email

Continue reading...

The European fertiliser industry has made strides on climate in the last 20 years, cutting emissions by nearly 50% since 2005. To tackle the remaining half, two options are available - but neither are cheap or easy, the sector's EU trade association told Carbon Pulse in an interview.

Two Finland-based low-carbon technology companies have signed a commercial agreement to evaluate how carbon nanofibers might improve the strength of concrete and lower its carbon emissions, the firms announced on Monday.

European carbon fell in line with natural gas and along with all energy markets on Monday morning as geopolitical tensions were judged to be lessening in the wake of Israeli attacks on military targets in Iran over the weekend.

A group of major philanthropies on Monday announced they will contribute $51.7 million towards creating marine protected areas (MPAs) in international waters under the UN High Seas Treaty.