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Any decision to authorise offshore drilling and other activities contributing to climate change will now need to be assessed under the law of the sea in addition to international climate agreements. Karen Scott, Professor in Law, University of Canterbury Licensed as Creative Commons – attribution, no derivatives.

Carbon removals (CDR) could contribute meaningfully to compliance carbon pricing systems but they should be limited to a certain percentage of total emissions permits and may be subdivided by durability, Puro.earth CEO Antti Vihavainen told Carbon Pulse.

Boffins from Cambridge University in the UK have become the latest to claim the green cement mantle with their idea of “electric recycling of Portland cement” featuring on BBC news this week, adding to the growing band of innovators seeking an emissions solution for the hard-to-abate industry.

Zero Carbon Systems has acquired Global Thermostat, one of the first direct air capture (DAC) startups, in a deal valued at tens of millions of dollars.

A UK venture capital firm has successfully closed a £20 million funding round to invest in European pre-seed and seed-stage companies developing scientific solutions for decarbonisation.

A blockchain marketplace for enabling transparent sales of biodiversity credits is almost ready to begin selling, following a partnership between credit developer RePlanet with a certification organisation and a blockchain company, Carbon Pulse has learned.

Hungary’s energy and climate minister said the country will focus on advancing the green transition across the 27-nation bloc, as among the top climate and energy priorities during its turn with the EU presidency from July until year end.

There could be up to seven major hurricanes of category three or higher this season, many more than usual.

Nature-based voluntary carbon projects, such as reforestation in the Amazon, are cost-effective and critical for the planet with known and manageable risks, with Petrobras now developing its credit strategy focused on the sector, an executive of a Brazilian oil company told a conference Thursday.

Biodiversity monitoring company NatureMetrics has launched a free tool for businesses to score their nature performance by answering a series of questions.

Britain would place supply controls on greenhouse gas removals (GGRs), while keeping the gross cap that is in place for UK Allowances (UKAs), in the early years of their potential integration into the ETS, as proposed in a public consultation launched Thursday.

Danny Kennedy from New Energy Nexus on plans to turn the Australian truck fleet electric, and keeping up with US.

The post The Driven Podcast: Thinking big about going electric appeared first on RenewEconomy.

Action against Letzte Generation could have ‘immense chilling effect’ on climate protest, campaigners say

Five members of Letzte Generation, Germany’s equivalent to Just Stop Oil, have been charged with “forming a criminal organisation”, a move civil rights campaigners say could in effect criminalise future support for the climate campaign.

Mirjam Herrmann, 27, Henning Jeschke, 22, Edmund Schulz, 60, Lukas Popp, 25, and Jakob Beyer, 30, were charged under section 129 of the German criminal code. It is believed to be the first time the law has been applied to a non-violent protest group.

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Europe’s financial markets regulator has launched a consultation on proposed amendments to technical standards for commodity derivatives, including enhanced position management controls and reporting requirements for venues offering trading in emissions allowances.

Market infrastructure firm Xpansiv has secured fresh funding from investors, the company announced Thursday, without disclosing further details.

The government of Zambia has entered into an agreement with the World Bank to cut greenhouse gas emissions in the Eastern Province of the African nation, the bank announced this week.

A major offset registry is partnering with a specialist carbon insurance company to develop “next generation buffer management”, the two firms announced on Thursday.

EU carbon permit prices forged higher on Thursday to set yet another four-month high, as natural gas markets extended their recent gains and breached a key technical level, while UK Allowances strengthened for a seventh day to reach their highest since the first week of the year.

Voluntary carbon standard Verra plans to issue new credits aligned with Article 6 of the Paris Agreement by the end of the year, a company executive told Carbon Pulse.

The Marinus Link is moving ahead as deals on the futuristic tech needed to complete the massive project continue to be signed off.

The post Hitachi wins contract to build massive Marinus Link DC converter stations appeared first on RenewEconomy.