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NZ Market: NZU price slips further as minister says Climate Change Commission advice ‘not gospel’

Carbon Pulse - Fri, 2024-04-12 11:35
The NZU price fell 5% on Thursday following remarks from New Zealand’s Finance and associate Climate Minister Nicola Willis that advice from the Climate Change Commission is “not gospel”.
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Bogota begins water rationing amid severe drought

BBC - Fri, 2024-04-12 11:05
The reservoir that provides around 70% of water in Colombia's capital is at less than 17% capacity.
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Higher LCFS credit values required to adequately support SAF production -analyst

Carbon Pulse - Fri, 2024-04-12 10:24
California’s current Low Carbon Fuel Standard (LCFS) credit values do not adequately incentivise market players to realise the potential for growth within the sustainable aviation fuels (SAF) industry, an analyst told webinar participants Thursday.
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US emissions rise 1.3% in 2022 from post pandemic activity

Carbon Pulse - Fri, 2024-04-12 10:02
The US Environmental Protection Agency (EPA) released annual GHG inventory figures for 2022 on Thursday showing nationwide emissions increased year-on-year from a post pandemic rebound in economic activity offset by CO2 sequestration from the land sector.
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UK food production at threat after extreme flooding

BBC - Fri, 2024-04-12 09:58
Record-breaking rainfall leaves fields under water, threatening this year's harvest yield and quality.
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Washington announces cap-and-invest rulemaking in pursuit of linkage

Carbon Pulse - Fri, 2024-04-12 09:34
The Washington Department of Ecology (ECY) announced on Thursday the commencement of rulemaking in consideration of amendments to its Climate Commitment Act (CCA), to facilitate linkage of the state’s carbon market with that of California and Quebec.
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WCI Markets: CCAs cautiously higher on rulemaking progress, WCAs up on small volume

Carbon Pulse - Fri, 2024-04-12 09:13
California Carbon Allowances (CCAs) picked up following the highly anticipated release of a public workshop date on cap-and-trade programme rulemaking and an economic impact analysis of proposed changes, while Washington Carbon Allowances (WCAs) continued to slowly regain footing after prices crashed earlier this year in wake of a repeal initiative.
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Montana locals worry about safety of proposed CO2 pipeline project

Carbon Pulse - Fri, 2024-04-12 09:12
Residents of a county in Montana have raised concerns about a project that could see potentially millions of tonnes of CO2 piped in from Wyoming and stored underground.
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Eleven carbon credit programmes vie for eligibility under UN’s CORSIA offset scheme in latest application round

Carbon Pulse - Fri, 2024-04-12 07:41
Eleven carbon offset programmes have applied or reapplied to supply eligible compliance units for use by airlines in 2024-26 under CORSIA, the international aviation emissions trading scheme devised by UN body ICAO.
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Carbon markets to retain key role in climate action but vulnerable to geopolitics, GenZero says

Carbon Pulse - Fri, 2024-04-12 07:01
Carbon market participants should back harmonised quality standards and principles to secure its role as a foundation for international partnerships even in a scenario where global climate action become fragmented, Singapore's GenZero said on Friday.
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Despite what you might hear, weather prediction is getting better, not worse

The Conversation - Fri, 2024-04-12 06:23
Weather forecasting is improving at a great rate, even though climate change could be making it tougher. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Kimberley Reid, Postdoctoral Research Fellow in Atmospheric Sciences, Monash University Michael Barnes, Research Fellow, Monash University Nick Earl-Jones, Climate Research Fellow with the Climate Futures Programme, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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Global fashion giant invests in sustainable aviation fuel via international logistics firm

Carbon Pulse - Fri, 2024-04-12 05:29
A luxury fashion house has made its inaugural investment in sustainable aviation fuel (SAF) through a partnership with an international shipping company.
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US IRA sparks dash for $5 bln in climate cash, but some state plans more credible than others -analysis

Carbon Pulse - Fri, 2024-04-12 02:59
The US Inflation Reduction Act (IRA) has sparked a nationwide response from almost every state, as well as Washington DC and Puerto Rico, according to a new analysis, with jurisdictions all seeking to harness the programme’s offer of $5 billion in climate grants.
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Carbon credit prices should reflect host country investment needs, not just market rates -official

Carbon Pulse - Fri, 2024-04-12 02:37
Carbon market buyers must appreciate the price of climate progress in developing countries and fund projects in line with their investment needs, not necessarily according to market rates, according to a government official speaking on an OECD webinar Thursday.
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Global data centre firm adopts renewable fuel at US sites to reduce carbon footprint

Carbon Pulse - Fri, 2024-04-12 02:32
A global provider of data hosting solutions announced Wednesday the expansion of renewable fuel use to replace diesel in power generators at several US data centres.
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ETS emissions now down 47%, not far from EU 2030 climate goal, official says

Carbon Pulse - Fri, 2024-04-12 01:58
The record fall in emissions registered in 2023 puts the EU on track to reach its climate target for 2030, with only 15 percentage points to make up to hit the 62% greenhouse gas reduction objective set for the bloc's ETS, an official said.
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Insurance companies must stop covering climate change-inducing activities -report

Carbon Pulse - Fri, 2024-04-12 01:30
Insurance companies need to implement transition plans to manage climate-related risks, or financial instability will unfold, a report published on Thursday warned.
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UK should publish updated national biodiversity plan -report

Carbon Pulse - Fri, 2024-04-12 00:59
The UK government should publish an updated National Biodiversity Strategy and Action Plans (NBSAP) setting out how it will deliver on international nature goals through disclosures, a report has found.
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