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Pennsylvania Senate votes to repeal RGGI regulation

Carbon Pulse - Wed, 2024-09-18 09:28
Pennsylvania's Republican-majority Senate voted along party lines Tuesday to repeal the state's RGGI regulation, and the proposal will now be sent to the Democrat-controlled House of Representatives.
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Canadian biofuels company to invest $1.4 bln in CCS-equipped US production facility

Carbon Pulse - Wed, 2024-09-18 09:09
A Canadian company will invest almost $1.4 billion into a US Gulf Coast renewable biofuels production facility, which will include capacity for carbon capture and sequestration (CCS) and ability to generate voluntary carbon offsets, it announced Tuesday.
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Climate change is turbo-charging Somalia’s problems - but there's still hope

BBC - Wed, 2024-09-18 09:05
Despite facing a catastrophic combination of challenges, there is optimism in the African country.
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Global spending on subsidies that harm environment rises to $2.6tn, report says

The Guardian - Wed, 2024-09-18 09:01

Exclusive: analysis finds $800bn increase in direct support for activities including deforestation and fossil fuel use

The world is spending at least $2.6tn (£2tn) a year on subsidies that drive global heating and destroy nature, according to new analysis.

Governments continue to provide billions of dollars in tax breaks, subsidies and other spending that directly work against the goals of the 2015 Paris climate agreement and the 2022 Kunming-Montreal agreement to halt biodiversity loss, the research from the organisation Earth Track found, with countries providing direct support for deforestation, water pollution and fossil fuel consumption.

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Fossil fuel companies sponsor $5.6bn in global ‘sportswashing’ deals

The Guardian - Wed, 2024-09-18 09:01

Thinktank says funding from oil and gas firms is attempt to ‘divert attention from their role in fuelling the climate crisis’

Fossil fuel companies pumped at least $5.6bn (£4.2bn) of sponsorship money into motorsports, football, golf and even snow sports in an effort to “buy social licence to operate”, according to a new report.

Almost no major spectator sport remains untouched by oil and gas money, according to research carried out by the New Weather Institute (NWI), a climate thinktank, which traced more than 200 sponsorship deals between sports teams and the industry.

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Corporate emissions-measuring stagnating, target-setting backsliding, shows survey

Carbon Pulse - Wed, 2024-09-18 09:01
The number of corporates measuring their emissions is stagnating globally, while those setting comprehensive emissions targets is backsliding, shows a survey published on Wednesday.
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EXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry

Carbon Pulse - Wed, 2024-09-18 09:01
Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.
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EU climate policy hasn’t caused carbon leakage, but risks remain -Bundesbank

Carbon Pulse - Wed, 2024-09-18 08:44
EU climate policy, particularly the Emissions Trading System (ETS), has not yet triggered significant relocations of energy-intensive production abroad by German firms, according to a new report by the country’s monetary authority.
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Ecuadorian legislature votes to legalise carbon markets

Carbon Pulse - Wed, 2024-09-18 08:27
Ecuador’s National Assembly voted 117-20 on Tuesday to legalise carbon markets, some 16 years after constitutional reforms had widely been interpreted as a total ban, sending the legislation to the president for final approval.
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Latin American alternative asset manager to launch first reforestation fund, with $100-mln Brazil investment goal

Carbon Pulse - Wed, 2024-09-18 07:59
One of Latin America’s largest alternative asset managers is launching its first reforestation fund with the aim of raising $100 million to restore degraded land in Brazil through native forest planting and sustainable agriculture.
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ARB confirms second 15-day package for proposed LCFS rules

Carbon Pulse - Wed, 2024-09-18 07:43
California regulator ARB will release a second 15-day notice regarding proposed changes to the state’s Low Carbon Fuel Standard (LCFS), an agency official confirmed at a conference Tuesday.
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Japanese oil and gas firm invests in US-based DAC technology developer

Carbon Pulse - Wed, 2024-09-18 07:38
A Japanese oil and gas firm has invested in a North Carolina-based to support its direct air capture (DAC) technology and help it move from pilot to commercial development.
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Whistleblower testifies Titan sub tragedy was 'inevitable'

BBC - Wed, 2024-09-18 07:24
Former employee David Lochridge tells a public hearing the whole idea of OceanGate was to "make money".
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US-based steel producer walks back comments wavering on low-carbon production project, $500 mln grant

Carbon Pulse - Wed, 2024-09-18 06:34
The CEO of an Ohio-based steel producer said his company is considering whether to advance a low-carbon steel project that involves a $500 million grant from the US Department of Energy (DOE), although the firm has since reiterated its commitment to the project.
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Walking the trees: we traced how First Nations groups moved bunya pine and black bean trees

The Conversation - Wed, 2024-09-18 06:32
Pairing First Nations lore with genetic analysis lets us retrace how important food trees were deliberately moved thousands of years ago Monica Fahey, Adjunct Fellow in molecular ecology, Macquarie University Emilie Ens, Associate Professor in cross-cultural ecology, Macquarie University Maurizio Rossetto, Principal Research Scientist, Royal Botanic Gardens and Domain Trust and Honorary Professor, The University of Queensland Oliver Costello, Director, Jagun Alliance Aboriginal Corporation, Indigenous Knowledge Patrick Cooke, Indigenous Knowledge, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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Pacific nations want ecocide to become a crime – here’s why NZ should support the proposal

The Conversation - Wed, 2024-09-18 05:13
The crime of genocide was adopted in 1948 following the second world war. Given the existential threats from ecological crises, it is timely to call for the recognition of ecological crime. Nathan Cooper, Associate Professor of Law, University of Waikato Leilani Tuala-Warren, Professor of Law, University of Waikato Licensed as Creative Commons – attribution, no derivatives.
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Cookstove and REDD+ voluntary carbon methodology decisions expected early November, says ICVCM

Carbon Pulse - Wed, 2024-09-18 03:33
Decisions over the cookstove and REDD+ methodologies that will be eligible for the high-integrity Core Carbon Principles (CCPs) label will be made at the start of November, the Integrity Council for the Voluntary Carbon Market (ICVCM) confirmed on Tuesday.
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Five takeaways for climate policy in the new European Commission

Carbon Pulse - Wed, 2024-09-18 03:16
Commission President Ursula von der Leyen's choice of portfolios for the EU's new executive team in Brussels makes one thing abundantly clear: climate policy will be everybody's business in the next five years.
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Insurance firm launches new voluntary carbon product with bank

Carbon Pulse - Wed, 2024-09-18 02:15
A London-headquartered insurance firm has launched a new product, first rolled out with a bank, that will cover commercial loans to voluntary carbon projects, it announced Tuesday.
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