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Carbon project financier takes $19 mln net investment value hit following crediting methodology update

Carbon Pulse - Thu, 2024-05-16 12:45
A Toronto-based voluntary carbon project financier on Wednesday reported an unrealised net loss on investment of nearly $19 million after the crediting methodology governing one of its endeavours was updated.
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Malaysia’s Sarawak to introduce 5% tax on carbon credit sales

Carbon Pulse - Thu, 2024-05-16 11:07
The Malaysian state of Sarawak will tax revenue from carbon credit sales by 5%, the government announced Wednesday.
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INTERVIEW: UK investor explores generating biodiversity credits in Scotland

Carbon Pulse - Thu, 2024-05-16 10:48
Asset manager Gresham House is preparing for the possibility of generating voluntary biodiversity credits from parts of its forestry sites in Scotland, Carbon Pulse has learned.
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Forever war: Climate change costs to global economy much higher than previously estimated, researchers warn

Carbon Pulse - Thu, 2024-05-16 10:42
Global economic output could drop by 12% for every 1 C rise in the world’s average temperature, according to a study by researchers from Harvard University and Northwestern University, who likened the impact to fighting a major war in perpetuity.
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Microsoft emissions up 29.1% from 2020, contracts over 5 mln carbon removal credits in 2023

Carbon Pulse - Thu, 2024-05-16 09:54
US tech giant Microsoft saw an aggregate 29.1% increase in Scope 1-3 emissions in 2023 relative to its 2020 baseline, largely driven by data centre construction, alongside procurement of over 5 million tonnes in multi-year carbon removal offtake agreements, according to its annual sustainability report published Wednesday.
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Rural electricity cooperative files stay motion against EPA power plant regulations amidst growing challenges

Carbon Pulse - Thu, 2024-05-16 09:51
A trade association representing hundreds of local electric cooperatives filed in federal court this week a motion to halt the implementation of controversial US Environmental Protection Agency (EPA) power plant emissions regulations, amidst ongoing legal challenges since the rules were published.
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Stirring films made the Snowy scheme a nationbuilding project. Could the troubled Snowy 2.0 do the same?

The Conversation - Thu, 2024-05-16 06:11
Workers tunnelling through mountains and redirecting rivers, powering and irrigating the nation. We think of the Snowy scheme as a successful nationbuilding project – but it wasn’t always that way Belinda Smaill, Professor of Film and Screen Studies, Monash University Kate Fitch, Senior Lecturer, Communications and Media, Monash University Licensed as Creative Commons – attribution, no derivatives.
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Profitability of carbon projects over logging in Peru hinges on bankable integrity claims -study

Carbon Pulse - Thu, 2024-05-16 05:40
Peruvian forest concessions generating carbon credits could be more lucrative than those reserved for logging, provided that the country’s improved forest management (IFM) credits can command a premium for high integrity, according to a study.
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EU CBAM will hardly affect major Indian exports, despite warnings -study

Carbon Pulse - Thu, 2024-05-16 04:34
The EU’s Carbon Border Adjustment Mechanism (CBAM) import tariff will have a negligible effect on India’s biggest export segments to the bloc, according to a new peer-reviewed study published Monday.
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Q2 WCI auction postponed due to “technical difficulties”, to be rescheduled

Carbon Pulse - Thu, 2024-05-16 04:21
The joint California-Quebec carbon allowance auction for Q2 was postponed Wednesday due to "technical difficulties", regulators ARB said.
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Scientists solve mystery of ancient 'tree of life'

BBC - Thu, 2024-05-16 02:34
The iconic trees evolved on Madagascar 21 million years ago and later spread to other countries.
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British startup claims its green cement can be sold at market value without credit subsidy

Carbon Pulse - Thu, 2024-05-16 02:25
An Imperial College London spin-out is seeking seed funding for its decarbonised cement process, which it claims will make producing the material cheaper while still cutting more than 90% of CO2 emissions.
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Shipping consultancy launches EU ETS-specific contracts to manage compliance

Carbon Pulse - Thu, 2024-05-16 01:50
An international shipping advisory service has created an EU ETS add-on to its standard shipping contracts, enabling shipowners and charterers to delegate compliance obligations to a managing entity.
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