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Renewable fuel oversupply possible after small refinery exemption ruling against EPA -experts

Carbon Pulse - Sat, 2023-12-09 08:44
The US Court of Appeals for the Fifth Circuit ruling in favour of small refineries' arguments for exemptions for ethanol blending under the Renewable Fuel Standard (RFS) against the EPA could cause a renewable fuel supply glut, two industry experts agreed.
Categories: Around The Web

COMMENT: Paris Agreement forest carbon transactions should follow tropical forest credit integrity guidance

Carbon Pulse - Sat, 2023-12-09 06:16
In the context of increasing reports of forest carbon-related cooperative approaches under Article 6 of the Paris Agreement, Parties should apply strive to ensure that all credits transacted are of the highest quality by applying guidance developed by leading environmental and Indigenous organisations, writes the Wildlife Conservation Society and other groups.
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Deforestation in Brazil’s Cerrado hits worst on record -govt data

Carbon Pulse - Sat, 2023-12-09 06:10
Deforestation in Brazil’s Cerrado region was the worst on record last month, according to government data.
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COP28: Consortium launches initiative towards validation of satellite-based forest carbon assessment

Carbon Pulse - Sat, 2023-12-09 06:05
A global network of forest mapping and monitoring actors on Friday launched the development of a biomass reference system in an early step towards a free, independent, and public system for the validation and calibration of forest carbon stock data. 
Categories: Around The Web

Tyrannosaur’s last meal was two baby dinosaurs

BBC - Sat, 2023-12-09 05:22
Remains of baby dinosaurs inside another dinosaur reveal what a young predator ate 75m years ago.
Categories: Around The Web

The Guardian view on Cop28: a phase-out of fossil fuels is the only decision that makes sense | Editorial

The Guardian - Sat, 2023-12-09 04:30

Oil and gas interests are fighting hard to prevent decarbonisation, as they always have done

It was never really in doubt. But the first week of Cop28, which ended with a rest day on Thursday, made one crucial fact impossible to ignore: the fossil fuel industry is not planning to go quietly. Far more of its lobbyists are in the UAE than have attended UN climate talks before. One analysis counted 2,456 of them – nearly four times the number registered last year in Egypt.

The battle is hotting up over what next week’s report on progress towards the Paris goals, known as the global stocktake, will say. Fossil fuel interests – both corporate and national – are pushing hard to avoid references to the phase-out that would signal the end of their business model and vast profits. They don’t want an energy transition that leads to their demise.

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Categories: Around The Web

Xpansiv’s CBL to charge users an access fee to view exchange unless they meet minimal trading volumes

Carbon Pulse - Sat, 2023-12-09 03:55
Xpansiv's spot carbon credit exchange CBL is set to introduce a new fee in January for access to its platform, although charges will be waived for customers that meet minimal trading thresholds, the company announced this week.
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Bomb attack on Ulez camera ‘grotesquely irresponsible’, says London mayor

The Guardian - Sat, 2023-12-09 03:55

Blast in Sidcup not being treated as terrorism but counter-terror officers are leading investigation

The London mayor’s office has condemned a “grotesquely irresponsible” attack in which a camera enforcing the city’s ultra-low emission zone (Ulez) was damaged with what appeared to be a homemade bomb, saying lives were put at risk.

There was no immediate reaction on the incident from Downing Street or the Home Office, with No 10 saying it could not comment amid a police inquiry, but that it condemned “criminality more generally”.

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Statkraft signs long-term offtake deal for cookstove carbon credits, plans to buy removals

Carbon Pulse - Sat, 2023-12-09 03:03
Norway-based utility Stakraft has signed a long term offtake agreement for African cookstove emissions reduction carbon credits, although the company's focus is set to switch to removals over time, the company revealed to Carbon Pulse.
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France adds two more carbon methodologies to its certification system

Carbon Pulse - Sat, 2023-12-09 02:26
Two more carbon-counting methodologies have been added to the French government’s carbon credit certification programme, the ministry of ecological transition said this week.
Categories: Around The Web

COP28: Carbon crediting start-up partners with Nigerian NGO for smallholder regenerative farming work

Carbon Pulse - Sat, 2023-12-09 02:16
A US-based carbon crediting start-up for smallhold farmers has partnered with a Nigerian non-profit, as it looks to scale its operations in the new year, its co-founder told a side event at COP28 in Dubai Friday.
Categories: Around The Web

COP28: World Bank president calls for more concessional finance as debt embitters climate negotiations

Carbon Pulse - Sat, 2023-12-09 01:47
The next replenishment of the World Bank's International Development Association, its concessional financing arm for the poorest countries, needs to be the "largest of all time", according to World Bank President Ajay Banga speaking Thursday in Zanzibar as part of the IDA20 Midterm Review.
Categories: Around The Web

COP28: Conventional energy sector needs more support to transition, says Canadian provincial deputy minister

Carbon Pulse - Sat, 2023-12-09 01:34
Canada’s patchwork system of carbon pricing, particularly relative to US incentives, threaten the competitiveness of Canadian trade-exposed sectors, say representatives of the nation’s oil and gas economies.
Categories: Around The Web

EU agrees deal to cut emissions from homes and buildings

The Guardian - Sat, 2023-12-09 01:19

New buildings must be zero-emission and have solar panels by 2030, and fossil fuel boilers to be banned by 2040

New buildings in the EU must have no emissions from fossil fuels by 2030, and boilers that use those sources will be banned by 2040 under a new deal on energy and homes.

The rules, agreed between MEPs and member states but not yet formally adopted, set targets to make buildings waste less energy. Subsidies for standalone oil and gas boilers will stop by 2025.

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Categories: Around The Web

Update – RGGI Q4 auction clears at new all-time high

Carbon Pulse - Sat, 2023-12-09 01:17
The Q4 RGGI cap-and-trade auction cleared well above its previous all-time record settlement and in line with broad market expectations, slightly below secondary market values with an uptick in compliance participation, according to results published Friday.
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Chris Bowen backs ‘a big step forward’ on phasing out fossil fuels at Cop28

The Guardian - Sat, 2023-12-09 01:07

Australia’s climate minister flags difficulties around any final wording but hails ‘important symbol’ as talks intensify in Dubai

Chris Bowen has indicated Australia may be willing to back a global commitment at the Cop28 climate summit to phase out fossil fuels.

The Australian climate change minister has also flagged that position may be unlikely to be adopted at the meeting in the United Arab Emirates unless it was attached to the word “unabated” – a controversial and undefined term usually taken to mean fossil fuels can continue if they are cutting their pollution through the use of carbon capture and storage (CCS).

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COP28: Swedish energy agency first partner to new ADB climate fund

Carbon Pulse - Sat, 2023-12-09 00:50
The Asian Development Bank’s carbon crediting fund that goes live next year signed its first partner on Friday at Day 8 of the COP28 summit.
Categories: Around The Web

Local market sees China’s first trade in soil, water conservation carbon credits, feds take notice

Carbon Pulse - Sat, 2023-12-09 00:14
A county-level government in China’s Fujian province has sold a batch of the nation’s first-ever soil and water conservation carbon credits with other public agencies queueing to follow, as national regulators eye inclusion of the credit type in the national offset market.
Categories: Around The Web

‘This may be our last chance’: Cop28 talks enter final phase

The Guardian - Fri, 2023-12-08 23:26

‘We cannot negotiate with nature’ says Denmark’s climate minister as talks to phase out fossil fuels hang in balance

The next few days could be the world’s last chance of keeping global heating within safe limits, nations meeting for the Cop28 UN climate summit have been told.

With talks in Dubai now entering their final phase, the world’s governments are still far apart on the central question of whether to phase out fossil fuels.

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COP28: Global Stocktake talks must address nature, WWF says

Carbon Pulse - Fri, 2023-12-08 23:13
Nature is not sufficiently addressed in the draft text of COP28’s Global Stocktake, with countries needing to better integrate their national biodiversity and climate plans, WWF has said.
Categories: Around The Web

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