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WCI Markets: California, Washington carbon markets stagnate amidst auction lull

Carbon Pulse - Fri, 2023-05-19 07:54
California Carbon Allowance (CCA) prices traded through a narrow range into the WCI Q2 allowance sale on Wednesday, while Washington Carbon Allowances (WCA) prices held flat this week ahead of the upcoming auction at the end of the month.
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California legislature declines stronger 2030 GHG goal and LCFS credit restrictions, moves cap-and-trade review to first floor vote

Carbon Pulse - Fri, 2023-05-19 07:24
A California legislative committee on Thursday held bills that would have ratcheted up the state’s 2030 GHG reduction target and throttled Low Carbon Fuel Standard (LCFS) crediting from dairy digesters, though lawmakers did send to the floor proposals to review the state’s WCI-linked cap-and-trade programme and implement other climate policies and disclosure requirements.
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Saving humanity: here's a radical approach to building a sustainable and just society

The Conversation - Fri, 2023-05-19 06:01
Human civilisation is headed for collapse. Collectively, we are pushing planet Earth beyond the limits of endurance. There has to be a better way. Now a new book makes the case for systemic change. Mark Diesendorf, Honorary Associate Professor, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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Blockchain venture rolls out funding pool to help finance mangrove projects

Carbon Pulse - Fri, 2023-05-19 05:12
A blockchain-based venture has unveiled its first liquidity pool to help boost the sale of ‘forward’ carbon credits for mangrove restoration projects.
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Italy’s worst flooding for 100 years – in pictures

The Guardian - Fri, 2023-05-19 04:11

Devastating floods in Emilia-Romagna region have left several dead and thousands homeless after torrential rains triggered landslides and caused rivers to burst their banks

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Brazilian state to ink 250 mln REDD credit deal with Swiss energy trading firm

Carbon Pulse - Fri, 2023-05-19 03:53
An Amazon-adjacent Brazilian state will sign a 10-year agreement to supply hundreds of millions of avoided deforestation carbon credits to a Swiss commodity trader, the subnational government announced Wednesday.
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ARR project in Ghana downgraded by rating agency in review of the sector

Carbon Pulse - Fri, 2023-05-19 03:46
A carbon credit rating agency has downgraded a Verra-accredited reforestation project in Ghana amid concerns about additionality and over-crediting.
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VCMI aims to bolster government carbon credit regulatory efforts

Carbon Pulse - Fri, 2023-05-19 03:31
The Voluntary Carbon Market Integrity initiative (VCMI) aims to lend a helping hand to governments as they accelerate market regulation, with the group providing advice to support both host countries in VCM oversight, as well as buyer countries in claims requirements.
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ANALYSIS: EU carbon price tussle reflects split views on near-term market direction

Carbon Pulse - Fri, 2023-05-19 03:19
European carbon prices are being pulled in opposite directions amid a battle between bearish near-term fundamentals and stubborn technical trading targeting levels in the upper €80s, but some market players see the potential for values to slump to levels not seen since January as a paucity of demand weighs.
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Developing country voices will be excluded at UN plastic talks, say NGOs

The Guardian - Fri, 2023-05-19 03:19

Limits on numbers at Paris summit mean some of those ‘most needing to be heard’ will not be in attendance

Scientists and NGOs have accused the UN’s environment programme (Unep) of locking out those “most needing to be heard” from upcoming negotiations in Paris aimed at halting plastic waste.

Last-minute restrictions to the numbers of NGOs attending what the head of Unep described as the “most important multilateral environmental deal” in a decade will exclude people from communities in developing countries harmed by dumping and burning of plastic waste as well as marginalised waste pickers, who are crucial to recycling, from fully participating, they said.

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Universal ‘chasing arrows’ recycling symbol could be dumped in US

The Guardian - Fri, 2023-05-19 02:01

Biden officials consider whether symbol, created for first Earth Day in 1970, is misleading because of use on non-recyclable material

The triangular loop of arrows that has been the universal symbol of recycling for the past five decades could itself end up being binned in the US, with Joe Biden’s administration mulling whether it is misleading to the public.

The “chasing arrows” logo, designed by a college student for the first Earth Day in 1970, has become ubiquitous on everything from cartons of milk to shampoo bottles as a way to nudge users to recycle packaging rather than discard it.

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Water companies got England’s sewage-ridden rivers and seas into this mess. Do we really trust them to clean it up? | Henry Swithinbank

The Guardian - Fri, 2023-05-19 01:37

Surfers, swimmers and consumers have been paying for the water industry’s neglect for too long. We need action, not words

After decades of pollution, chronic underinvestment and presiding over a fundamentally broken water system, water companies in England have finally apologised for the disgraceful state they have left our rivers and seas in and promised to change. But how on earth can we trust them?

Of course, we welcome the industry finally taking responsibility and any additional investment to fix our broken system, but the money may prove too little and the apology too late. These companies have had ample opportunity to put things right and invest in their infrastructure. Meanwhile, surfers, swimmers and paddleboarders, from St Agnes to St Andrews, have been paying the price, risking becoming sick by simply entering the water.

Henry Swithinbank is policy manager for Surfers Against Sewage

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Labour vows to introduce Scottish-style right to roam law in England

The Guardian - Fri, 2023-05-19 01:22

Party promises to enshrine in law equal access to benefits of green spaces if it wins next election

The Labour party has pledged to introduce a Scottish-style right to roam law in England if it wins the next general election, with access to green space enshrined in law.

The shadow environment minister, Alex Sobel, made the announcement during a debate secured by the Green MP, Caroline Lucas, who has been campaigning for wider access to the countryside.

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Water companies criticised for passing £10bn sewage bill on to customers

The Guardian - Fri, 2023-05-19 01:03

Clean water activists say industry’s promise to reduce pollution should not be taken on trust

The water industry’s promise to triple investment in the sewage system in England to reduce pollution and quell public anger should not be taken on trust, campaigners have said.

Clean water activists including surfers, swimmers and anglers criticised water companies for passing the £10bn bill for investment, which should have been carried out years ago, on to customers.

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Research suggests effective international cooperation under Article 6 could double emissions reductions

Carbon Pulse - Fri, 2023-05-19 00:43
The effective trading of mitigation outcomes under the Paris Agreement's Article 6 could more than double the volume of carbon reductions that nations make towards their national targets, according to a report published Thursday.
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US startup secures $53 mln carbon removals offtake agreement

Carbon Pulse - Thu, 2023-05-18 23:55
A carbon removals buyers’ club has struck a $53 mln multi-year offtake deal with a San Francisco-based startup, agreeing to buy 112,000 tonnes worth from stored waste biomass between 2024 and 2030.
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Italy floods: emergency services continue rescue efforts in flood-hit region – video

The Guardian - Thu, 2023-05-18 22:00

Italian authorities are continuing rescue operations across the flood-hit northern Emilia-Romagna region of Italy. Footage recorded by the Italian coastguard showed helicopters rescuing people from their roofs, including a pregnant woman and an elderly couple. At least nine people have been killed by the floods and almost 5,000 evacuated from their homes

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UK awards CCS licences with potential to store 30 million tonnes of CO2 a year

Carbon Pulse - Thu, 2023-05-18 21:35
The UK’s plans to bolster carbon capture and storage (CCS) took a step closer on Thursday after the government offered 12 companies a total of 20 operating licences with the potential to bury around 30 million tonnes of CO2 a year, or nearly 10% of the country’s current emissions.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2023-05-18 21:34
European carbon moved in a narrow range on Thursday, with prices changing little by midday as many offices were closed to observe a public holiday, while UK allowances extended Wednesday's gains after the latest fortnightly auction cleared at a record high.
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Pledges and apologies will not be enough to clear UK waters of raw sewage

The Guardian - Thu, 2023-05-18 21:09

Activists plan to keep holding firms to account as some suggest it is customers who should be compensated

Across the country this weekend campaigners will paddle out on their local rivers or beaches to warn water companies they will not put up with another summer of sewage pollution.

No doubt they will be buoyed up by the high-profile mea culpa trumpeted by privatised water companies on Thursday, along with a promise to treble their existing investment in pipes, water treatment works and water storage to £10bn over the next 10 years.

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