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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-05-02 21:22
European carbon prices jumped sharply on Thursday morning, following a leap in natural gas prices, as speculative traders were said to be further reducing their short positions in carbon after Wednesday's Commitment of Traders data showed investment funds had trimmed their overall bearish bets for a third week in a row.
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Big River Watch: public to monitor UK and Irish rivers for pollution

The Guardian - Thu, 2024-05-02 20:55

Rivers Trust is asking citizen scientists to record observations of local waterways on free app

People in Britain and Ireland are being asked to monitor their local rivers for pollution so a leading water charity can measure the scale of the sewage crisis.

The Rivers Trust is this week launching the Big River Watch, asking people to record observations of their local rivers on a free app. The results will be made available through an interactive dashboard, and will help the organisation, as well as individuals and communities who can all access the data, to take action to improve rivers.

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ANALYSIS: ‘Old habits die hard’ as polluters continue to surrender EUAs in April despite deadline shift

Carbon Pulse - Thu, 2024-05-02 20:21
Compliance entities have continued to surrender large volumes of European carbon allowances in April despite the deadline moving to the end of September this year, with analysts attributing this to a case of 'old habits die hard' given the limited finanical benefit for giving up the permits in advance.
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World could miss Paris temperature target by factor of 100% -report

Carbon Pulse - Thu, 2024-05-02 19:51
The world is far off track to keep warming to 1.5C above pre-industrial levels or the temperature needed to avoid catastrophic climate change, according to research released Thursday.
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Korean tech firm launches carbon verification services, supports exporters to meet EU data disclosure rules

Carbon Pulse - Thu, 2024-05-02 19:42
The tech arm of a South Korean conglomerate has launched verification services to help domestic emitters cope with tighter data disclosure requirements proposed by the EU, it announced Thursday.
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PepsiCo biodiversity disclosure proposal receives 18% of votes

Carbon Pulse - Thu, 2024-05-02 19:07
Approximately 18% of shareholders at drinks giant PepsiCo voted in favour of a resolution to disclose its biodiversity impacts on Wednesday, Carbon Pulse has learned.
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ICVCM decision on first eligible voluntary carbon methodologies delayed til June as Verra, ART get nod of approval

Carbon Pulse - Thu, 2024-05-02 18:00
Verra and ART TREES have become the latest standard bodies to pass the Integrity Council for the Voluntary Carbon Market (ICVCM)'s conditions for eligibility, but the first approval of methodologies for the Core Carbon Principles (CCPs) stamp has been delayed until June as experts grapple with fresh complexities.
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Australia developing savanna fire management ACCU method that credits sequestration for the first time

Carbon Pulse - Thu, 2024-05-02 16:18
The Australian government is developing two new savanna fire management (SFM) method proposals, including one that will propose to credit sequestration in living vegetation for the first time, a department spokesperson confirmed to Carbon Pulse.
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Methane emissions from gas flaring being hidden from satellite monitors

The Guardian - Thu, 2024-05-02 15:00

Use of enclosed combustors leaves regulators heavily reliant on oil and gas companies’ own flaring data

Oil and gas equipment intended to cut methane emissions is preventing scientists from accurately detecting greenhouse gases and pollutants, a satellite image investigation has revealed.

Energy companies operating in countries such as the US, UK, Germany and Norway appear to have installed technology that could stop researchers from identifying methane, carbon dioxide emissions and pollutants at industrial facilities involved in the disposal of unprofitable natural gas, known in the industry as flaring.

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Oil and gas, agriculture lobbying to weaken international methane rules, NGO claims

Carbon Pulse - Thu, 2024-05-02 14:01
The oil and gas and agriculture industries are consistently, and successfully, lobbying to weaken regulations to cut methane emissions worldwide, an NGO claims in research published on Thursday.
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Clean Energy Regulator auditing HIR projects, NGER reports

Carbon Pulse - Thu, 2024-05-02 12:22
A compliance update from the Clean Energy Regulator (CER) Thursday said it had begun gateway audits on several human-induced regeneration (HIR) carbon projects, as well as audits of a number of emissions reports under the NGER scheme.
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LCFS Market: Bear case for prices as credit surplus bank shows no signs of unwinding

Carbon Pulse - Thu, 2024-05-02 10:51
California Low Carbon Fuel Standard (LCFS) prices have continued on a downward spiral, with traders expecting further downside risk as the programme’s credit surplus bank build shows no signs of slowing.
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