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FEATURE: ‘Dual approach’ to Article 6 projects under discussion in Philippines

Carbon Pulse - Wed, 2024-06-12 17:59
In developing the framework to authorise Article 6 projects, the Philippines may allow developers to generate ITMOs as long as they also support the country in meeting its NDC by generating a secondary project for the domestic market.
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DAC developer signs partnership to store captured CO2 in aquifer under the Mediterranean

Carbon Pulse - Wed, 2024-06-12 17:00
A developer of direct air capture (DAC) technology is partnering with a carbon storage business in the Mediterranean to use its technology to capture CO2 and store it in a saline aquifer off the shores of Greece.
Categories: Around The Web

Taiwan may consider introducing cap-and-trade system -media

Carbon Pulse - Wed, 2024-06-12 15:46
Taiwan may consider implementing a dual-track carbon pricing scheme, which could include the introduction of a cap-and-trade framework to regulate the total amount of emissions, according to local media reports.
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GEF Council to approve $700-mln spending on environment amid heated debate over GBF Fund’s role

Carbon Pulse - Wed, 2024-06-12 15:37
The Global Environmental Facility (GEF) Council is set to approve a spending package of over $700 million next week, including the first-ever projects supported by the Global Biodiversity Framework Fund (GBFF), amid mounting debate over the fund's potential to effectively address the financing gap on biodiversity.
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Australian, Japanese companies team up on biochar, soil health

Carbon Pulse - Wed, 2024-06-12 14:18
An Australian biochar and carbon dioxide removal project developer has formed a partnership with a Japanese agri-tech firm to focus on scaling the global biochar market, they announced Wednesday.
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California-based startup ties carbon deals with Mongolian govt, Mitsubishi

Carbon Pulse - Wed, 2024-06-12 14:14
A US-headquartered soil carbon startup has signed an agreement with the Mongolian government to introduce regenerative agriculture and provide carbon finance to farmers and herders and with Mitsubishi for a JCM project in the country.
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Azerbaijan accused of media crackdown before hosting Cop29

The Guardian - Wed, 2024-06-12 14:00

State reportedly arrested at least 25 journalists and activists in last year as it prepares for September climate summit

Azerbaijan’s government has been accused of cracking down on media and civil society activism before the country’s hosting of crucial UN climate talks later this year.

Human Rights Watch has found at least 25 instances of the arrest or sentencing of journalists and activists in the past year, almost all of whom remain in custody.

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EU ETS2 prices forecast to rise four-fold in first four years despite front-loading -analysts

Carbon Pulse - Wed, 2024-06-12 13:53
Prices in the EU’s second emissions trading system could jump more than four-fold within the first four years of the market’s operation as an initial excess in allowance supply is rapidly replaced by a deficit as an early market-priming initiative gives way to strong demand, according to analysts.
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CF NORTH AMERICA: Canadian regulators prepare offset protocols amid uncertain demand

Carbon Pulse - Wed, 2024-06-12 12:52
Federal regulators are planning to roll out a number of offset protocols in the near future, though future Canadian carbon credit demand remains uncertain as several elections could threaten markets, a conference heard Tuesday.
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Peter Dutton’s energy policy is a political death wish – and utterly irresponsible in the face of the climate emergency | Ian Lowe

The Guardian - Wed, 2024-06-12 11:03

As well as spending billions subsidising fossil fuels, we are spending billions more repairing the damage global heating is doing

Peter Dutton’s proposed energy policy, in the face of our climate emergency, is utterly irresponsible. Not just irresponsible environmentally, but also economically. Given community attitudes, it looks like the silliest political death wish in recent history.

Joëlle Gergis’s recent Quarterly Essay, Highway to Hell, was a frightening reminder of the price we are already paying for climate change. In property damage from floods and fires as well as lost agricultural production, the bills keep rolling in. As well as spending billions subsidising fossil fuels, we are spending billions more repairing the damage global heating is doing. It would be in our direct interest to be urging a rapid increase in ambition from the inadequate Paris targets. Becoming the first country in the world to weaken our response would undermine the growing impetus for a concerted program of action. We should be increasing the rate of decarbonisation, not slowing it.

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CF NORTH AMERICA: Canada’s industrial carbon pricing can survive even with political turnover

Carbon Pulse - Wed, 2024-06-12 10:31
Industrial emissions trading systems are here to stay in Canada regardless of the potential change in the political landscape provincially and on a federal level, panellists at a conference said Tuesday.
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