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Landbanking Group releases consultation paper on new nature asset class

Carbon Pulse - Tue, 2024-01-23 21:10
German-based tech startup Landbanking Group has released a consultation paper ahead of a planned launch of a new nature asset class in a bid to foster investments in ecosystem preservation, restoration, and improvement.
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India seeks to align domestic carbon market with EU ETS -media

Carbon Pulse - Tue, 2024-01-23 21:02
India is planning to ask the EU for measures to help align its upcoming domestic carbon market with that of the EU emissions trading system at the trade negotiations scheduled for next month, Bloomberg reported Tuesday, citing anonymous sources.
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Shell veteran becomes CEO of large ESG solutions player

Carbon Pulse - Tue, 2024-01-23 20:43
A Shell veteran has been appointed chief executive of a global environmental solutions service provider that saw revenues of almost $6 billion last year.
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Cookstove carbon offsets overstate climate benefit by 1,000%, study finds

The Guardian - Tue, 2024-01-23 20:00

Cookstove projects are one of the fastest-growing carbon offset schemes but research finds carbon benefits are vastly overstated

Clean cookstove projects, one of the most popular types of carbon-offset schemes, are probably overstating their beneficial impact on the climate by an average of 1,000%, according to a new study.

Every year, an estimated 3.2 million people die prematurely from household air pollution caused by cooking with smoky fuels such as wood, paraffin or kerosene, which produce about 2% of global greenhouse gas emissions.

Find more age of extinction coverage here, and follow biodiversity reporters Phoebe Weston and Patrick Greenfield on X for all the latest news and features

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Cookstove study identifying “pervasive over-crediting” passes peer review

Carbon Pulse - Tue, 2024-01-23 20:00
After passing peer review, a journal version of an academic pre-print study that said it found over-crediting in cookstove offset projects last year has renewed its criticism of over-estimation of issuances in the same project methodologies, but by a much higher factor.
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EnergyAustralia plans to build massive four hour battery in South Australia

RenewEconomy - Tue, 2024-01-23 19:58

Tesla Megapack units at Bouldercombe battery projectEnergyAustralia plans massive four-hour battery in wind and solar dominated South Australia, to be built next to an existing gas fired power station.

The post EnergyAustralia plans to build massive four hour battery in South Australia appeared first on RenewEconomy.

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Huge loss of invertebrates detected in stream feeding into Windermere

The Guardian - Tue, 2024-01-23 17:00

Campaigners say 76% decline in riverfly species’ abundance at Cunsey Beck is being caused by sewage discharges

Testing by citizen scientists of a beck that feeds into Windermere has revealed a huge loss in invertebrate life in the lake in Cumbria that campaigners say is being caused by sewage discharges.

Save Windermere and WildFish carried out testing for invertebrates in Cunsey Beck, a site of special scientific interest (SSSI), in order to assess the impact on its freshwater ecology of the Near Sawrey wastewater treatment works, owned and operated by United Utilities.

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Australia-funded initiative to drive carbon credit finance for Vietnamese rice farmers

Carbon Pulse - Tue, 2024-01-23 15:57
A project funded by the Australian government is eyeing carbon credit revenue from cutting greenhouse gas emissions from rice production across three Vietnamese provinces.
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POLL: Analysts slash 2024 EU carbon price forecasts by 20% on weak demand, supply boost

Carbon Pulse - Tue, 2024-01-23 15:00
Analysts have significantly reduced their outlook for EU carbon prices this year due to a number of short-term bearish factors related to both supply and demand, including macroeconomic uncertainty, weak power consumption fundamentals, and ample allowance supply due to auctions linked to the bloc's REPowerEU energy independence policy.
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Households could boost solar output with two-sided panels, a tilt, and a light colour roof

RenewEconomy - Tue, 2024-01-23 14:06

rooftop solar western australiaUsing two-sided or bifacial solar modules could lift the output from rooftop solar systems by more than 22 per cent. But they need a light coloured roof.

The post Households could boost solar output with two-sided panels, a tilt, and a light colour roof appeared first on RenewEconomy.

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Australian resources company’s PNG REDD+ permits revived

Carbon Pulse - Tue, 2024-01-23 13:07
An Australian resources company is closer to getting its Papua New Guinea REDD+ project back on track after a local court revoked its permit cancellations.
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FRV and Genesis secures finance for largest solar farm in New Zealand

RenewEconomy - Tue, 2024-01-23 13:05

New Zealand Landscape sheep emissions ETS - optimisedGrowth of utility-scale solar in New Zealand receives much-needed boost after financial close reached on what will be the country’s largest solar farm to date.

The post FRV and Genesis secures finance for largest solar farm in New Zealand appeared first on RenewEconomy.

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Palau sparks marine protection optimism with high seas treaty ratification

Carbon Pulse - Tue, 2024-01-23 11:48
The Pacific Island nation of Palau has ratified the UN’s Biodiversity Beyond National Jurisdictions (BBNJ) treaty, sparking optimism that sufficient momentum can build for the treaty to enter into force, making it possible for the global community to protect vast tracts of the world’s oceans.
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CP Daily: Monday January 22, 2024

Carbon Pulse - Tue, 2024-01-23 10:20
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

Indian investment firm to launch tree-planting offset fund worth at least $150 mln

Carbon Pulse - Tue, 2024-01-23 10:00
An Indian impact investment firm has announced plans to launch an offset fund worth at least $150 million dedicated to carbon sequestration through tree-planting.
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How Australia's huge superannuation funds can do much more to fight climate change, with a little help

The Conversation - Tue, 2024-01-23 09:25
Our super funds say they want to invest more in the net zero transition but that regulation blocks them. It’s time to put them to the test, and turn their piles of money toward a greener future. Arjuna Dibley, Head of Sustainable Finance Hub, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Indiana legislator introduces bill requiring approval for CO2 transport within counties

Carbon Pulse - Tue, 2024-01-23 09:21
A Republican lawmaker in Indiana earlier this month proposed legislation mandating carbon dioxide sequestration projects, which transport CO2 across counties, to obtain approvals from authorities in the destination county.
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Queensland smashes demand records in heatwave, and solar eats coal’s lunch again

RenewEconomy - Tue, 2024-01-23 09:07

Queensland smashes demand record in heatwave, as energy minister hails the role of solar - even as it ate into the coal industry's lunch-bag.

The post Queensland smashes demand records in heatwave, and solar eats coal’s lunch again appeared first on RenewEconomy.

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LCFS Market: California and Washington credit prices dip below $60 for the first time

Carbon Pulse - Tue, 2024-01-23 08:53
California Low Carbon Fuel Standard (LCFS) credit values saw a brief dip below $60 in recent days as the market awaits an update to programme rulemaking, while Washington Clean Fuel Standard (WCFS) credit values saw a much more dramatic decline.
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