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AU Market: Sophisticated financial instruments gaining traction in ACCU market, but future exchange will drive scale, traders say

Carbon Pulse - Thu, 2024-05-23 16:24
Swaps and options transactions in the Australian carbon market are becoming more common place thanks to the variety of reasons entities were venturing into the market, traders told a conference this week, but scale will also be needed to meet the coming demand from the Safeguard Mechanism. 
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CBAM risks hampering power decarbonisation in UK and Balkan countries, energy traders say

Carbon Pulse - Thu, 2024-05-23 15:52
The design of the EU’s Carbon Border Adjustment Mechanism (CBAM) risks creating a counter-productive impact on EU electricity decarbonisation, a key policy official at Europe’s energy traders association told a conference on Wednesday.
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Critical minerals for the world – or just for the US? Turning Australia into a green minerals powerhouse comes with risks

The Conversation - Thu, 2024-05-23 15:16
Critical minerals are well named. They’re critical to the green transition – and sought by the US and China. Who will Australia sell to? Marina Yue Zhang, Associate Professor, University of Technology Sydney David Gann, Pro-Vice-Chancellor, Development and External Affairs, and Professor of Innovation and Entrepreneurship, Saïd Business School, University of Oxford Mark Dodgson, Visiting Professor, Imperial College Business School, and Emeritus Professor, School of Business, The University of Queensland Licensed as Creative Commons – attribution, no derivatives.
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Corporate welfare may keep the lights on. But backing Eraring power station will have other costs for the NSW government | Peter Hannam

The Guardian - Thu, 2024-05-23 15:12

Propping up Australia’s largest coal-fired power station could deter investments in renewable energy or batteries. And might other operators now coming begging?

The New South Wales government has bought itself an insurance policy worth as much as $450m to keep open a power station it couldn’t afford to have exit the grid.

But operating the 2880-megawatt Eraring plant up to four years beyond its scheduled August 2025 closure date will cost more than just the price of corporate welfare – there’s also the environmental and economic impacts to quantify.

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Half of world’s mangrove forests are at risk due to human behaviour – study

The Guardian - Thu, 2024-05-23 14:00

The loss of the ecosystems, which are vast stores of carbon, would ‘be disastrous for nature and people across the globe’, says IUCN

Half of all the world’s mangrove forests are at risk of collapse, according to the first-ever expert assessment of these crucial ecosystems and carbon stores.

Human behaviour is the primary cause of their decline, according to the analysis by the International Union for Conservation of Nature (IUCN), with mangroves in southern India, Sri Lanka and the Maldives most at risk.

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Major Chinese papermaker eyes voluntary carbon deals in Gabon

Carbon Pulse - Thu, 2024-05-23 13:44
A Chinese forestry and paper company has teamed up with a local partner in Gabon to explore carbon project opportunities in a rare instance of a China-based firm looking outside its own borders for emissions reduction ventures.
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Australia Market Roundup: NSW extends the life of country’s biggest coal-fired power station, ACCU issuance slumps

Carbon Pulse - Thu, 2024-05-23 13:12
The New South Wales state government has struck a deal with Origin Energy to push the closure date of the Eraring coal-fired power station back by two years due to grid reliability and security concerns.
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ARB offset issuance retreats from YtD highs, DEBs-tagged units pick up

Carbon Pulse - Thu, 2024-05-23 09:15
California regulator ARB issued compliance-grade offsets tagged with direct environmental benefits (DEBs) to the state after a two-period hiatus, but the overall distribution fell from the highs reached two weeks earlier.
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What is ‘Net Zero’, anyway? A short history of a monumental concept

The Conversation - Thu, 2024-05-23 06:11
The phrase ‘net zero’ has a long history. Ruth Morgan, Associate Professor of History, Australian National University Licensed as Creative Commons – attribution, no derivatives.
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FEATURE: World governments split on how to regulate voluntary carbon credits

Carbon Pulse - Thu, 2024-05-23 02:13
Governments are classifying voluntary carbon credits (VCCs) in diverse ways, often disagreeing on whether they are financial products, fragmenting voluntary carbon market (VCM) regulation.
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