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Financials extend V25 CCA migration while traders trim RGGI, WCA positions into Q3 auction

Carbon Pulse - Sat, 2024-08-31 09:22
An ongoing migration by financial entities to V25 California Carbon Allowance (CCA) holdings continued for another week, while compliance and speculators trimmed length in RGGI Allowances (RGAs) and Washington Carbon Allowances (WCAs) heading into Q3 auctions next week, according to data from the US Commodity Futures Trading Commission (CFTC).
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Report suggests governments cease support for carbon capture, hydrogen after $30 bln wastage

Carbon Pulse - Sat, 2024-08-31 09:17
Governments across the globe have wasted $30 billion supporting carbon capture and hydrogen projects and should cease support for these 'ineffective' technologies, according to an advocacy group.
Categories: Around The Web

EU backs new rules for monitoring, reporting aviation emissions from low-carbon fuels, non-CO2 sources

Carbon Pulse - Sat, 2024-08-31 09:02
EU member states on Friday approved an update to the bloc’s regulations that introduces zero-rating for emissions from a series of low-carbon aviation fuels and outlines new requirements for the MRV of non-CO2 emissions from airlines.
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Vast ‘doughnut’ discovered in molten metal of Earth’s core

The Guardian - Sat, 2024-08-31 04:00

Australian scientists hail finding as a step in unlocking secrets of planet’s protective magnetic field

By travelling to the centre of the Earth via seismic waves scientists have discovered a ring-like structure within the swirling pool of molten metal known as the outer core.

Research published in the journal Science Advances has identified a doughnut-shaped region within the outer core, parallel to the equator.

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Badger culling to end in England within five years

BBC - Sat, 2024-08-31 02:24
Efforts to stop the spread of bovine tuberculosis will now focus on vaccinating badgers not killing them.
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Oil giant invests $100 mln into US forestry carbon projects

Carbon Pulse - Sat, 2024-08-31 01:23
A global oil major announced Friday a $100 million agreement with two US firms to support improved forest management (IFM) carbon crediting projects across multiple states.
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Fish species’ extinction risk highly underestimated, study finds

Carbon Pulse - Sat, 2024-08-31 01:00
The number of fish species at risk of extinction could be fivefold higher than previously estimated, with nearly 5,000 species not receiving a conservation status due to insufficient data.
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New shipping decarbonisation options emerge with clean fuels in short supply -insurer

Carbon Pulse - Sat, 2024-08-31 00:51
Fossil fuel consuming ships paired with carbon capture, nuclear propulsion, and hydrogen-powered fuel cells are emerging as a new decarbonisation option due to the scarcity of low-carbon fuels, according to a global shipping insurer's decarbonisation outlook.
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South African high court hears appeal over state-owned gas plant

Carbon Pulse - Sat, 2024-08-31 00:28
A South African court of appeal will hear a case on Friday in a years-long challenge by environmental groups to a large-scale gas-to-power plant over its lifecycle climate impacts.
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Timber and pulp sector falls short on zero deforestation disclosure -report

Carbon Pulse - Sat, 2024-08-31 00:06
The tropical timber and pulp industry is falling far short of reporting on its zero deforestation commitments, a new report finds.
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Guardian under fire for damning articles calling carbon credits ‘junk’

Carbon Pulse - Sat, 2024-08-31 00:02
The Guardian has come under criticism for publishing two damning articles about corporates buying ‘likely junk’ carbon credits that came from research that has yet to be broadcast and peer reviewed.
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Emissions from Australian coal-fired power stations rise as wind and hydro dip

The Guardian - Fri, 2024-08-30 23:50

More electricity demand and lower than usual generation from two renewable sources raises questions about climate targets

Greenhouse gas emissions from Australia’s ageing coal-fired power plants rose slightly in the first half of the year, reversing years of declining pollution from the power section and raising questions about the country’s ability to meet its climate targets.

An increase in electricity consumption across the country and lower than usual wind and hydro output led to an increase in coal generation. It pushed up emissions from the electricity grid between January and June.

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Researchers seek to ‘demystify’ argument about carbon removals and offsetting

Carbon Pulse - Fri, 2024-08-30 23:46
Both emission reduction credits and those obtained from carbon removals can contribute to the goal of climate neutrality and shouldn't be considered as opposing parts of carbon abatement strategies, according to a peer-reviewed paper published this week.
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Mexican project to generate first biodiversity credits under BioCarbon standard

Carbon Pulse - Fri, 2024-08-30 23:35
A nature conservation project in Mexico is set to generate the first batch of biodiversity credits under the BioCarbon standard, the certifier has told Carbon Pulse.
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Arctic researchers highlight key impacts of global climate change

Carbon Pulse - Fri, 2024-08-30 23:35
Scientists working in a part of the Arctic particularly sensitive to the effects of climate change cited wetter winters, record-low summer sea ice, and retreat of glaciers as some of the most notable impacts of a warming climate, during a webinar on Friday.
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South Korea to mandate SAF use for all international flights starting 2027

Carbon Pulse - Fri, 2024-08-30 22:16
South Korea is seeking to impose a sustainable aviation fuel (SAF) blending mandate on all international flights departing the country, come 2027, the Ministry of Trade, Industry, and Energy (MOTIE) announced Friday.
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Badger culling to end in England by 2029, government says

The Guardian - Fri, 2024-08-30 21:45

Defra sources say some licensed culls will continue until 2026 but it is highly unlikely any new ones will be granted

Badger culling will end in England by 2029, the government has said.

Some culls under existing licences will continue until 2026, according to sources at the Department for Environment, Food and Rural Affairs (Defra), but it is highly unlikely any new ones will be granted.

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Carbon removal registry closes down amid stagnant voluntary market

Carbon Pulse - Fri, 2024-08-30 21:42
A US-based carbon removal standard body has closed down amid a stagnant voluntary carbon market and tough funding environment.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-08-30 21:08
EUAs were headed for their narrowest weekly trading range of the year on Friday morning as the market appeared to lose direction and activity dwindled as the summer season neared its end, while gas and power markets were firmer, consolidating weekly gains of more than 2%.
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CN Markets: CEA trading activity stable, CCER liquidity remains stagnant

Carbon Pulse - Fri, 2024-08-30 20:39
China’s national carbon market saw its price mostly remain below the 90 yuan ($12.69) benchmark with stable liquidity, while the offset market continued to see low trading volumes as supply remains tight.
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