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Climate fund selects 13 carbon removal projects for invesment from 2024 cohort

Carbon Pulse - Thu, 2024-05-02 02:08
A fund created as an alternative to carbon offsetting by a EU-based climate project platform has selected 13 activities from the durable carbon removal (CDR) sector from which it will pre-purchase removals in a bid to help scale the nascent industry.
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Developers mixed in willingness to engage with Article 6 market, says standard body

Carbon Pulse - Thu, 2024-05-02 01:58
A carbon standard has said it sees a mixed approach among developers on their readiness to engage with Article 6, with some preferring to only transact on the voluntary market due to perceived investment uncertainties and risks relating to the UN mechanisms, while others are attracted to the high potential prices.
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Asset manager sets aside 10% of 1,900-ha regenerative agriculture project for biodiversity

Carbon Pulse - Thu, 2024-05-02 01:37
Climate Asset Management has acquired 1,900 hectares of farmland collectively across areas of Spain and Portugal for regenerative agriculture, setting aside 10% for biodiversity while exploring ecosystem services.
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London Metal Exchange looks to help aluminium market prepare for EU’s CBAM

Carbon Pulse - Thu, 2024-05-02 01:11
The London Metal Exchange has kicked off a consultation on how to integrate the EU Carbon Border Adjustment Mechanism (CBAM) requirements into its rules, in order to help the aluminium market and value chain adapt, it announced on Wednesday.
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INTERVIEW: Kenya, US are attractive destinations for upstart DAC developer

Carbon Pulse - Thu, 2024-05-02 00:41
Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-05-01 21:05
European carbon allowance prices fell sharply on Wednesday morning in light trading amid a European bank holiday, while weekly Commitment of Traders data that showed a third successive drop in investment funds' net short positioning triggered some speculation that prices may have reached a short-term floor.
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RWE fossil generation slump continues with 20% drop in Q1

Carbon Pulse - Wed, 2024-05-01 20:43
RWE's fossil power generation covered by the EU ETS fell a further 20% year-on-year in the first three months of 2024, according to preliminary data published by the utility, even after its annual output dropped over one-quarter in 2023.
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Payment firm hikes carbon price and pours funding into carbon removal projects

Carbon Pulse - Wed, 2024-05-01 20:33
An online payment service company has doubled its internal carbon tax to $200, enabling the company to donate $2 million that will go to 13 carbon removal startups, the firm announced on Wednesday.
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UK waste-to-energy operator announces delivery plan for millions of carbon removals

Carbon Pulse - Wed, 2024-05-01 19:59
A UK-based waste-to-energy operator has announced plans to deliver 1.2 million tonnes of carbon removals across the UK by 2039, helping the country on its path to net zero by mid-century.
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Australian firm launches nature certificates tied to microplastics clean-up

Carbon Pulse - Wed, 2024-05-01 19:56
An Australian data services company on Wednesday announced the launch of a subscription-based nature certificate intended to help fund efforts to prevent plastic pollution off the coast of Sydney, but that can be extended to other locations globally.
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Voluntary carbon ratings agency launches tool to flag project investment risks

Carbon Pulse - Wed, 2024-05-01 19:53
A ratings agency has unveiled a new assessment tool to flag benefits and risks associated with voluntary carbon projects to investors.
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To decarbonise Asia’s JETP members, halt new coal and incentivise renewables, paper argues

Carbon Pulse - Wed, 2024-05-01 19:44
Phasing out coal will be integral to the energy transition and Just Energy Transition Partnership’s (JETP) Southeast Asian members, but halting new coal construction in tandem with a renewable energy build-out will be more productive than a focus on shuttering existing coal plants, according to a journal article published this week.
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All we wanted was to protect the River Wye from pollution. Now we’re stuck in a catch-22 | Oliver Bullough

The Guardian - Wed, 2024-05-01 19:00

To protect our local river we had to prove it was being used for swimming. But that, bizarrely, is the reason we were rejected

The state of Britain’s rivers is incredibly depressing: the water companies dump too much sewage, the farmers dump too much muck, and the regulators are too cowed and underfunded to do their job and stop them.

It wasn’t always this way. As a child I used to swim in the River Wye and I remember the clouds of mayflies in the summer, as well as huge leaping salmon. It was thanks to this wealth of wildlife that the Wye was classified as a special area of conservation along its whole length. Sadly, however, thanks to the failure of the Welsh and British governments to protect the river, much of this abundance is gone, and the Wye’s official status is now “unfavourable – declining”, thanks to pollution from manure and sewage.

Oliver Bullough is the author of Butler to the World: How Britain Became the Servant of Tycoons, Tax Dodgers, Kleptocrats and Criminals

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Australian industries divided over the need of a CBAM, consultation submissions show

Carbon Pulse - Wed, 2024-05-01 18:02
Major Australian companies and industry groups are at odds over whether the government should pursue a Carbon Border Adjustment Mechanism (CBAM) to address carbon leakage, according to submissions under a government consultation.
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Japanese startup raises $1.5 mln in seed funding for completing DAC prototype, business expansion

Carbon Pulse - Wed, 2024-05-01 17:22
A Tokyo-based direct air capture (DAC) startup has raised 250 million yen ($1.5 mln) in seed funding to complete the prototype of its DAC system and business expansion, the firm announced.
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INTERVIEW: Corporate alliance forms to explore potential of biodiversity credit market

Carbon Pulse - Wed, 2024-05-01 17:00
The World Economic Forum (WEF) and consultants McKinsey & Co have taken the lead in initiating a Frontrunners Coalition seeking to contribute to shaping the development of and building confidence in the emerging voluntary biodiversity credit market.
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Project developer, financial advisory launch facility to fund NBS in Amazon, Africa

Carbon Pulse - Wed, 2024-05-01 15:39
A carbon project developer and international financial advisory have teamed up to launch an early-stage funding facility to invest in nature-based solutions in the Amazon and Africa, they announced Tuesday.
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Is bioenergy ever truly green? It depends on 5 key questions

The Conversation - Wed, 2024-05-01 15:15
Producing energy from harvested trees and other plants – bioenergy – might sound like a greener option, but it’s not a simple issue. Jessica Allen, Senior Lecturer in Chemical and Renewable Energy Engineering, University of Newcastle Licensed as Creative Commons – attribution, no derivatives.
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