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CWNYC24: Singapore and US allies attempt to shore up support for nascent transition credit market

Carbon Pulse - Tue, 2024-09-24 09:37
In an effort to bolster scale beyond pilot projects, US and Singaporean architects of transition crediting mechanisms vouched for the nascent market’s ability to meet eventual compliance demand during Climate Week NYC on Monday.
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CWNYC24: BRIEFING – LATAM governments diverge on key negotiating topics as COP29 looms

Carbon Pulse - Tue, 2024-09-24 09:11
Latin American and Caribbean governments differed on UN climate conference flashpoints on Sunday in New York, less than two months from COP29 in Baku this November.
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Tech giant buys 15k CDR credits from UK ERW firm

Carbon Pulse - Tue, 2024-09-24 09:01
A global tech giant has bought 15,000 CO2 removal credits (CDR) in a second purchase agreement from a London-headquartered enhanced rock weathering (ERW) firm, per an announcement on Tuesday.
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CWNYC24: Investors still wary of financing “science projects” in the voluntary carbon market

Carbon Pulse - Tue, 2024-09-24 08:35
Institutional investors are wary of financing “science projects” and losing their shirts in a nascent voluntary carbon market (VCM) that has already undergone several transformations, and where the make-or-break risks are still high, experts said during Climate Week New York City on Monday.
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US green banks partner to take on $27 bln investments from IRA

Carbon Pulse - Tue, 2024-09-24 08:25
A new consortium of US green banks seeking to appropriate funds earmarked in the Inflation Reduction Act (IRA) launched Monday with $27 billion in investments in line with Climate Week New York, according to a press release.
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US CO2 conversion firm raises $645 mln for SAF plants

Carbon Pulse - Tue, 2024-09-24 07:54
A US-based CO2 utilisation firm has raised $645 million to finance the development of its sustainable aviation fuel (SAF) plants.
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RGGI’s proposed updates to cost containment volumes sink credit prices

Carbon Pulse - Tue, 2024-09-24 07:50
RGGI states issued a notice on Monday with potential plans to almost double Cost Containment Reserve (CCR) permits with a second CCR tier in a new cap trajectory scenario, requesting public feedback to inform final decisions of its Third Program Review.
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CWNYC24: Global group of parliamentarians call on US to stop LNG exports

Carbon Pulse - Tue, 2024-09-24 07:44
A group of global legislators has urged the US government to immediately halt the export of liquefied natural gas (LNG), in a letter released during the first day of the Climate Week NYC.
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Heavy rainfall causes flooding in central and southern England – video

The Guardian - Tue, 2024-09-24 07:04

Flooding in central and southern England caused widespread travel disruptions and closed schools after some areas experienced a month's worth of rainfall in 24 hours. In parts of Bedfordshire, roads turned into rivers, with cars making their way through submerged streets. The London fire brigade said it received hundreds of calls about flooding-related incidents, including people needing to be rescued from cars and homes

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Scientists discover heat-tolerant corals hidden in plain sight. Could it help protect the Great Barrier Reef?

The Conversation - Tue, 2024-09-24 06:25
Remarkable diversity in heat tolerance can help coral reefs under climate change. Melissa Naugle, PhD Candidate in Coral Ecology, Southern Cross University Emily Howells, Senior Research Fellow in Marine Biology, Southern Cross University Line K Bay, Research Program Director, Australian Institute of Marine Science Licensed as Creative Commons – attribution, no derivatives.
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CWNYC24: US development finance body hesitates with carbon projects -official

Carbon Pulse - Tue, 2024-09-24 05:38
The US government does not advise its investment partners to finance sustainable development projects abroad whose lifeline is carbon finance, especially if they are small in scale, according to a senior official speaking at Climate Week NYC.
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In the dust: Don’t overlook environmental, health risks from enhanced rock weathering, scientists warn

Carbon Pulse - Tue, 2024-09-24 05:24
While enhanced rock weathering (ERW) may be a promising tool in the fight against climate change, careful management is essential to avoid unintended consequences for ecosystems and human health.
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CWNYC24: US green banks unite to accelerate clean energy investments

Carbon Pulse - Tue, 2024-09-24 04:28
Almost 40 US banks, which collectively facilitated over $10 billion in new clean energy investments last year, on Monday announced the formation of the US Green Bank 50 partnership (GB 50) on Monday, aiming to enhance collaboration and share resources amongst them.
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Earth may have breached seven of nine planetary boundaries, health check shows

The Guardian - Tue, 2024-09-24 04:00

Ocean acidification close to critical threshold, say scientists, posing threat to marine ecosystems and global liveability

Industrial civilisation is close to breaching a seventh planetary boundary, and may already have crossed it, according to scientists who have compiled the latest report on the state of the world’s life-support systems.

“Ocean acidification is approaching a critical threshold”, particularly in higher-latitude regions, says the latest report on planetary boundaries. “The growing acidification poses an increasing threat to marine ecosystems.”

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CWNYC24: Turkish exchange set to offer certified carbon credits in coming weeks

Carbon Pulse - Tue, 2024-09-24 03:11
Turkiye's energy exchange EPIAS has teamed up with an international carbon standard to enable the first exchange-based trading of certified credits on its platform, they announced after signing an agreement in New York on Monday.
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CWNYC24: Verra’s shift from paper to digital will speed up certifications, says executive

Carbon Pulse - Tue, 2024-09-24 03:03
Verra is digitalising its most used methodologies from a largely paper-based system, in an effort to speed up the certification process for project developers while strengthening integrity, the voluntary carbon standard's chief technology officer said at Climate Week NYC on Monday.
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Hungarian residents navigate streets in boats after excessive flooding – video

The Guardian - Tue, 2024-09-24 03:00

Drone footage shows flooded streets in the village of Érsekcsanád in southern Hungary after heavy rainfall caused the Danube River to overflow. Parts of the region have experienced five times the average rainfall for the month of September, leaving large swathes of land submerged in floodwater. Central Europe was recently hit by extensive flooding, which left several people dead and caused billions of euros in damage.

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INTERVIEW: Carbon credits are financial instruments and will be regulated as such in Egypt

Carbon Pulse - Tue, 2024-09-24 01:38
The Egyptian voluntary carbon market (VCM) is a capital market and will be regulated as such to ensure its financial credibility, Egypt’s top finance regulator told Carbon Pulse in an interview.
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