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LCFS Q1 net credit output retreats from record highs
Net credit generation under California’s Low Carbon Fuel Standard (LCFS) trailed behind last quarter’s historic highs on lower renewable diesel (RD) and ethanol contribution to the total, according to state data published Wednesday.
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Hundreds of financial institutions commit to Scope 3 GHG accounting protocol
An industry-led greenhouse gas (GHG) accounting protocol for financial institutions (FIs), used by public sector and civil society decarbonisation standards, has reached 500 signatories, the organisation announced on Thursday.
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BRIEFING: Italy bets on controversial nuclear energy for 2030s
The Italian government's plan to build nuclear up to a large share of its energy mix after 2030 goes against current public opinion - in a country that has voted twice to ban the energy source, and never succeeded in building a plant - and fails to address how it will meet the EU's emissions reduction target for this decade.
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Barriers set to block widespread expansion of carbon removal, survey finds
A survey on durable carbon removal (CDR) technologies released this week has warned that several hurdles exist that could block the necessary pace of expansion needed to meet critical climate goals.
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INTERVIEW: Sovereign funds fit early-stage green hydrogen investment needs
A number of high-profile green hydrogen investment announcements by Saudi and Emirati sovereign funds in recent months could be a win-win, rather than a driver of interregional competition, a European green industrial transformation and geopolitics advisor told Carbon Pulse.
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Nature markets alliance targets Mexican states
A programme that aims to halt the net loss of biodiversity by 2030 in Mexico, while developing nature markets including biodiversity credits with regional governments, has been announced in an alliance between French and Mexican companies.
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Accounting standards authority calls for feedback on CO2 reporting examples
An accounting standards organisation is seeking views on eight illustrative examples of how companies should report climate risks.
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CCUS industry will need around bln by 2030 -analysis
The carbon capture, utilisation, and storage (CCUS) industry will require an investment of close to $160 billion by 2030, with 20% for power generation use, according to a global commodities research firm.
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Land-based activities harming Great Barrier Reef water quality, major study finds
The pollution load in Australia’s Great Barrier Reef has increased following the impacts of land-based developments and climate change, a scientific study involving over 200 experts found on Thursday.
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Satellite data suggests US oil and gas producers emit much more methane than reported
US oil and gas producers are emitting four times more methane than estimated by the Environmental Protection Agency (EPA), exceeding their own emission goals eightfold, according to data collected by a new jet aircraft.
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Shell’s swerve away from Paris Agreement goals reaps dividends for shareholders
Shell’s new mantra of “more value with less emissions” paid dividends during the second quarter in which the majority of shareholders opposed calls for the Anglo-Dutch major to re-align with the Paris agreement.
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Global shipping campaign launches ‘Beyond Methane Pledge’ to end LNG use
The Say No to LNG campaign has launched the 'Beyond Methane Pledge’ in an attempt to put an end to the expansion of liquefied natural gas (LNG) and other methane-based fuels, and eventually phase out their use in all sectors by 2030, the campaign announced Thursday.
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Euro Markets: Midday Update
European carbon prices extended Wednesday's gains as the market shrugged off tests of one key technical level that had acted as resistance, and breached another on their way to the highest intraday prices in more than three weeks.
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Brazilian agroforestry project loses nearly 18,000 tCO2e to drought
A Brazilian afforestation, reforestation, and revegetation (ARR) project lost 17,942 tonnes of CO2 equivalent due to drought between 2020 and 2023.
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Conservation finance group eyes collaboration with Verra on stewardship certificates
A conservation finance organisation has started developing a framework for stewardship certificates, with plans to submit it for consideration to crediting standard Verra, Carbon Pulse has learned.
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Biodiversity net gain lacks market transparency, expert says
A lack of transparency in England’s biodiversity net gain (BNG) programme is frustrating conservation scheme managers, with some deliberate withholding of information, an industry insider has said.
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UK government prepares environmental plan as “nature is dying”
The new UK government is preparing a statutory plan for the natural environment focused on cleaning up waterways, planting trees, and halting species decline.
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Japan’s MOL on track to meet 2030 emissions reduction target
Japanese shipping giant Mitsui OSK Lines (MOL) is well on track to reach its 2030 emissions reduction target and met its 2023 goal without using any carbon credits, according to the latest company data.
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Vietnam confirms 100 industrial participants in two-year carbon market pilot run
Vietnam confirmed Thursday it is on track to finalise the set-up of its pilot emissions trading scheme, with the initial phase to include 100 companies across the thermal power, iron, and steel production industries, with a trading platform due next year.
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BRIEFING: Amid steel boom, Malaysia faces rising CBAM costs, climate target challenge
Malaysia is expecting rapidly rising carbon emissions from its steel sector, which is expanding utilising CO2-intensive equipment that could put its climate targets at risk while imposing bigger costs under the EU Carbon Border Adjustment Mechanism (CBAM).
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