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COMMENT: Four key considerations for businesses buying carbon credits

Carbon Pulse - Wed, 2023-06-21 05:58
Businesses are increasingly aiming to incorporate Natural Climate Solutions (NCS) into their climate plans to fulfil their climate and nature commitments. Jennicca Gordon of the Natural Climate Solutions Alliance outlines how they can ensure the integrity of the credits they purchase and communicate their efforts effectively.
Categories: Around The Web

PREVIEW: Paris summit hopes to secure fresh commitments to reshape global finance agenda

Carbon Pulse - Wed, 2023-06-21 04:27
France will host an international summit later this week aiming to forge consensus on how to reshape the finance agenda, discussing the easing of debt burdens, new international taxes, and how best to channel greater flows to developing economies to speed the energy transition and help them to deal with the impacts of climate change.
Categories: Around The Web

Gucci makes fashion faux pas about carbon neutrality claim

Carbon Pulse - Wed, 2023-06-21 03:24
Gucci has dropped its claim of becoming ‘entirely carbon neutral’ on its website alongside its policy of buying voluntary carbon credits amid a backlash against misleading environmental claims.
Categories: Around The Web

Italian oil and gas giant Eni defends baseline of Zambian REDD project

Carbon Pulse - Wed, 2023-06-21 02:46
Eni has dismissed concerns of overcrediting at a REDD avoided deforestation project in Zambia in a robust response to an investigation by Italy's publicly-owned television broadcaster.
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Ukraine minister doubles down on 2035 coal phaseout ahead of recovery conference

Carbon Pulse - Wed, 2023-06-21 02:39
Ukraine's deputy minister for energy has underlined that the country will keep its commitment to phase out coal by 2035 and can become a European clean energy hub in spite of the war raging within its borders, speaking at a side event ahead of the Ukraine Recovery Conference in London this week.
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Germany’s EEX to acquire Nasdaq’s European power, carbon trading businesses

Carbon Pulse - Wed, 2023-06-21 01:44
German-headquartered European Energy Exchange (EEX) is set to acquire Nasdaq's European power trading and clearing business, which includes EU emissions trading operations, the companies announced Tuesday.
Categories: Around The Web

UAE, Saudi firms sign deal to restore at least 5k hectares of mangroves in Kingdom

Carbon Pulse - Wed, 2023-06-21 01:08
A UAE-based mangrove reforestation firm has announced a strategic partnership with a Saudi company to restore at least 5,000 hectares of mangrove forests in Saudi Arabia over the next three years.
Categories: Around The Web

Former boss of voluntary carbon firm retakes reins as new CEO quits after 3 weeks

Carbon Pulse - Wed, 2023-06-21 00:08
The former boss of a Canadian-based voluntary carbon credit aggregator has been reappointed as the company's head after the new president and CEO stepped down just three weeks into the job.
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EU-wide new clean technology fund idea ditched due to budget pressures

Carbon Pulse - Wed, 2023-06-21 00:02
The European Commission has abandoned the idea of creating a new EU Sovereignty Fund in favour of setting up a platform to support the bloc's leadership on critical technologies using only existing cash sources, the executive body announced on Tuesday.
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Rewetting England’s lowland peat could help meet emissions target, says study

The Guardian - Wed, 2023-06-21 00:00

Thinktank suggests projects could deliver one-fifth of savings needed from farming, but agriculture experts cast doubt on idea

Rewetting about half of England’s lowland peat would be enough to deliver a fifth of the greenhouse gas emissions savings needed from the country’s farming by 2030, research suggests.

Rewetting peat would also help restore habitats for birds, wildlife and plant species. But farming experts strongly dispute the potential for such projects.

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RGGI Market: Lack of momentum leads to quiet week for RGAs

Carbon Pulse - Tue, 2023-06-20 23:33
RGGI Allowance (RGA) values languished through a narrow range as a lack of momentum pervaded the Northeast US power sector carbon market over the last five days.
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Global tennis tour launches app to enable players to track and offset travel emissions

Carbon Pulse - Tue, 2023-06-20 23:29
The global tennis tour organisation, ATP, has launched an app which will allow professionals to track and then offset their travel emissions by purchasing carbon credits.
Categories: Around The Web

Canada is on fire, and big oil is the arsonist | Tzeporah Berman

The Guardian - Tue, 2023-06-20 23:24

Governments need to represent us, not fossil-fuel profiteers. We need plans to phase out fossil fuel production and emissions

Canada is on fire from coast to coast to coast. Thousands have been evacuated, millions exposed to air pollution, New York a doom orange and even the titans of Wall Street choking.

Catastrophic flooding in Pakistan, back-to-back cyclones in the Pacific islands and droughts in Africa haven’t been enough to create a tipping point for action. Now that climate impacts have hit the economic capital of western power, will it spur governments in the global north to get serious?

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EU ministers agree united position on controversial nature restoration law

Carbon Pulse - Tue, 2023-06-20 23:22
EU environment ministers reached an agreement on Tuesday on the proposal for a nature restoration law, moving ahead of the divided European Parliament in the bloc's parallel lawmaking process.
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European new vehicle CO2 emissions drop for third year as EV registrations surge

Carbon Pulse - Tue, 2023-06-20 23:06
Average CO2 emissions of new cars and vans in Europe dropped for a third consecutive year in 2022, according to provisional data published Tuesday, with pure EVs or hybrids representing nearly one in four car registrations.
Categories: Around The Web

Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-06-20 22:03
European carbon climbed to a three-day high on Tuesday as the market began to focus on Wednesday's June options contract expiry and also drew support from renewed strength in natural gas.
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UK supermarket supplier’s chickens given antibiotics critical for humans

The Guardian - Tue, 2023-06-20 22:00

Investigation of meat sourced by Polish firm that sells frozen poultry to Lidl, Asda and Iceland raises superbug concerns

A major supplier of chicken to UK supermarkets is sourcing birds dosed with antibiotics “critical to human health”, according to a new investigation, as concerns grow about the spread of deadly superbugs.

The Bureau of Investigative Journalism (BIJ) found that the Polish meat business SuperDrob, which sells frozen poultry products to Lidl, Asda and Iceland, is sourcing chicken from farms that use fluoroquinolone antibiotics, classified as “critically important for human health” by the World Health Organization (WHO). Fluoroquinolones are often used to treat serious salmonella infections in humans.

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Voluntary carbon firms forge ties to de-risk investments for both sellers and buyers

Carbon Pulse - Tue, 2023-06-20 21:36
Voluntary carbon market actors are teaming up to help de-risk investments, with two firms developing jurisdictional-level policy risk assessments for carbon credit buyers while two more work on getting early-stage project development to be comprehensive enough to insure.
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Debt relief urgent for poor countries hit by climate shocks, says IMF chief

The Guardian - Tue, 2023-06-20 21:06

Exclusive: Kristalina Georgieva calls for ‘debt for climate swaps’ ahead of world summit on new global financial pact

Poor countries hit by climate disaster should not be forced to struggle with crippling debt payments, the head of the International Monetary Fund has urged before a global summit on climate finance.

Kristalina Georgieva, managing director of the IMF, said providing debt relief to countries suffering from extreme weather was a matter of urgency. Extreme weather is hitting harder around the world, and countries already facing debt mountains cannot afford to service their debts, particularly at a time of high interest rates.

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China softens rhetoric on CBAM, though next step remains uncertain -analysts

Carbon Pulse - Tue, 2023-06-20 20:59
China appeared to strike a milder tone regarding its opposition to the EU's carbon border adjustment mechanism (CBAM) at this month's WTO talks, though the country's next step against the planned carbon border measure remains unclear, according to analysts.
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