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CWNYC24: New initiative shuns carbon offsets to offer alternative path to decarbonising global fashion

Carbon Pulse - Wed, 2024-09-25 23:54
A new initiative to decarbonise cotton production without the use of carbon offsets was launched Wednesday, in an attempt to transform the global fashion industry's approach to sustainable raw materials.
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Asset owners alliance announces second annual emission drop, claims alignment with 1.5C target

Carbon Pulse - Wed, 2024-09-25 23:01
A global institutional investor group has announced a 6% annual drop in emissions across its 88 members, nearly doubling last year's reductions, as it claims to be aligned with the 1.5C Paris warming target.
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Market infrastructure provider, climate risk experts team up to facilitate corporate reporting, supply chain decarbonisation

Carbon Pulse - Wed, 2024-09-25 22:51
A global market infrastructure provider has partnered with a climate risk analytics firm to assist companies in meeting evolving reporting requirements and driving large-scale supply chain decarbonisation.
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Orange juice producer and partners launch Brazil’s first carbon credit methodology for agribusiness

Carbon Pulse - Wed, 2024-09-25 22:45
The world’s largest orange juice producer, in partnership with two environmental companies, will launch Brazil’s first carbon credit methodology for the agribusiness, according to a press release.
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INTERVIEW: Carbon exchange board member urges SBTN, TNFD to include biodiversity credits in their frameworks

Carbon Pulse - Wed, 2024-09-25 22:10
The Science-Based Target Network (SBTN) and the Taskforce on Nature-related Financial Disclosures (TNFD) should integrate biodiversity credits into their frameworks to help unlock corporate demand, according to an executive board member of carbon exchange Climate Impact X (CIX).
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Offset developer partners with Kenyan business consortium to support carbon markets, scale climate finance

Carbon Pulse - Wed, 2024-09-25 22:07
A carbon offset project developer has formed a partnership with a business consortium in Kenya to scale up private sector finance in order to support carbon markets and scale climate finance in the East African nation, the partners announced Wednesday.
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CWNYC24: Voluntary carbon integrity body teams up with pan-African initiative to scale market access

Carbon Pulse - Wed, 2024-09-25 22:01
The Africa Carbon Markets Initiative (ACMI) has partnered with a voluntary market integrity organisation to support governments on the continent build regulation to access much-needed carbon finance.
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Climate scientists call on Labour to pause £1bn plans for carbon capture

The Guardian - Wed, 2024-09-25 22:00

Letter says technologies to produce blue hydrogen and capture CO2 are unproven and could hinder net zero efforts

Leading climate scientists are urging the government to pause plans for a billion pound investment in “green technologies” they say are unproven and would make it harder for the UK to reach its net zero targets.

Labour has promised to invest £1bn in carbon capture, usage and storage (CCUS) to produce blue hydrogen and to capture carbon dioxide from new gas-fired power stations – with a decision on the first tranche of the funding expected imminently.

Lock the UK into fossil fuel production for generations to come.

Result in huge upstream emissions from methane leaks, transport and processing of liquefied natural gas (LNG) from the US.

Rely on carbon capture and storage (CCS) during the production of hydrogen – technology they say has been abandoned in the vast majority of similar projects around the world.

Pose a danger to the public if there are any leaks from pipes carrying the captured carbon. At least 45 people had to be taken to hospital after a leak in the US.

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EU’s carbon removal certification paves way for ‘climate positive buildings’

Carbon Pulse - Wed, 2024-09-25 21:54
The European Union seeks to encourage carbon storage in wood-based construction products to pave the way for “climate positive buildings”, as the regulators are developing a methodology for measuring CO2 embodied in building materials.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-09-25 21:27
European carbon permit prices ticked up Wednesday morning as investment funds' net short positions built for the fourth consecutive week, with some additional volatility also seeping into the market due to the September options expiry deadline.
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Prince William says make peace with nature

BBC - Wed, 2024-09-25 21:24
The Prince of Wales has issued an urgent call to end the destruction of the environment.
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Global plans for CCS not enough to meet Paris Agreement target, finds report

Carbon Pulse - Wed, 2024-09-25 21:14
Global carbon capture and storage (CCS) deployment will likely be too limited and slow for the world to meet the 1.5C warming target of the Paris Agreement, a report finds.
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67 countries commit to ending plastic pollution by 2040 before final negotiations

Carbon Pulse - Wed, 2024-09-25 20:30
Ministers from 67 countries including the UK, Japan, and Canada have reaffirmed commitments to finalise a legally binding global treaty aimed at ending plastic pollution by 2040, before the final negotiations take place, in a statement published on Wednesday.
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UK government, Dutch bank commit $55 mln to Latin American reforestation strategy

Carbon Pulse - Wed, 2024-09-25 19:56
The UK government and FMO, the Dutch entrepreneurial development bank, announced this week a $55 million commitment to reforestation efforts in Latin America, including in the Cerrado biome, one of Brazil's most biodiverse ecosystems.
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US consulting firm to launch nature credit pilot in Indonesia

Carbon Pulse - Wed, 2024-09-25 19:52
US-headquartered infrastructure consulting firm AECOM has launched a forest restoration project in Indonesia, with plans to pilot nature credits, Carbon Pulse has learned.
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Australia Market Roundup: ACCU Scheme ‘finely balanced’ as regulator issues 740,000 units

Carbon Pulse - Wed, 2024-09-25 19:06
The Australian Carbon Credit Unit (ACCU) Scheme is faced with a plethora of supply, demand, and policy risks that are leading the scheme to be “finely balanced”, according to analysis shared with Carbon Pulse.
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Miner signs on for 360 battery-powered mining haul trucks in decarbonisation push

Carbon Pulse - Wed, 2024-09-25 18:28
A large Australian iron ore miner with huge decarbonisation and green energy dreams took a step closer to achieving that Wednesday with the signing of a $2.8 billion deal to electrify two-thirds of its haul truck fleet in the north of Western Australia.
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Labor’s coalmine expansion approvals undermine its credibility on the global stage | Adam Morton

The Guardian - Wed, 2024-09-25 17:47

How does a massive coal push lasting decades line up with what it has pledged? Leaders of low-lying Pacific nations might appreciate some answers

The most obvious point to make about Tanya Plibersek’s approval of three coalmine expansions on Tuesday is the most important. The potential climate impact is substantial, and far beyond anything else we have seen approved so far by the Albanese government.

Labor has been criticised for its support of new fossil fuel developments before, but the four coal developments it had backed prior to this were relatively small. They are expected to add about 156m tonnes of heat-trapping carbon dioxide to the atmosphere if fully developed.

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Activists board coal train as Albanese government approves three coalmine expansions – video

The Guardian - Wed, 2024-09-25 17:39

Nine climate protesters have stopped a coal train headed to the Port of Newcastle in opposition to the federal government’s approval of three new mining projects. Rising Tide, the group behind the move, said in a statement that the three projects – Whitehaven Coal’s Narrabri thermal coal project to 2066, Mach Energy’s Mount Pleasant thermal coal project to 2058 and Yancoal’s Ashton coal project to 2064 – would create 1.4bn tonnes of emissions

Tanya Plibersek approves three coalmine expansions in move criticised as ‘the opposite of climate action’

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