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Canada announces second carbon credit offtake agreement for CCS tech

Carbon Pulse - Wed, 2024-06-12 07:23
Canada’s C$15 billion ($10.9 bln) public investment vehicle will purchase up to 200,000 credits per annum over 15 years at an initial fixed price from an Alberta carbon capture and storage (CCS) project, but an expert criticised the bespoke nature of federal offtake agreements thus far as insufficient to meeting climate goals.
Categories: Around The Web

Ag-based project developer generates first-ever carbon credits from the US rice industry

Carbon Pulse - Wed, 2024-06-12 06:30
A US-based agricultural offset project developer announced Tuesday credit generation for large-scale sustainable rice cultivation, which it said was the first of its kind in the country.
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Talks on a new global climate finance goal grind to a halt at UN mid-year climate conference

Carbon Pulse - Wed, 2024-06-12 04:24
Negotiations on setting a new global climate finance goal have been pushed out to later this year without a clear path for progress ahead, as national diplomats reached an impasse at the mid-year UN climate talks in Bonn on Tuesday.
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Extreme heat is a killer for outdoor sporting events – let’s plan properly to keep everyone safe

The Conversation - Wed, 2024-06-12 04:22
Here’s how to reduce heat-related health risks during major sporting events, from the Summer Olympics to test cricket. Athletes, officials, spectators and volunteers all need to take responsibility. Hannah Mason, Research assistant in Public Health, Medical, and Veterinary Sciences, James Cook University Amy Peden, NHMRC Research Fellow, School of Population Health & co-founder UNSW Beach Safety Research Group, UNSW Sydney Anthony Leicht, Professor in Exercise Science, James Cook University Jemma King, Lecturer, Public Health, James Cook University Richard Franklin, Professor of Public Health, James Cook University Licensed as Creative Commons – attribution, no derivatives.
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Harmful gases destroying ozone layer falling faster than expected, study finds

The Guardian - Wed, 2024-06-12 04:02

Scientists say atmospheric levels of damaging gases peaked five years ahead of projections, as substances phased out

International efforts to protect the ozone layer have been a “huge global success”, scientists have said, after revealing that damaging gases in the atmosphere were declining faster than expected.

The Montreal protocol, signed in 1987, aimed to phase out ozone-depleting substances found primarily in refrigeration, air conditioning and aerosol sprays.

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UPDATE – Academics find holes in Verra’s new consolidated voluntary carbon methodology for REDD+

Carbon Pulse - Wed, 2024-06-12 03:38
Verra’s consolidated methodology for REDD+ could still see voluntary carbon project developers use inside knowledge to cherry pick forests that are unlikely to be chopped down, because they have been overlooked in the jurisdictional maps used to assess the risk of deforestation, warns a new academic paper.
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Iceland grants country’s last whaling company licence to hunt 128 fin whales

The Guardian - Wed, 2024-06-12 01:47

Conservationists criticise ‘disappointing’ and ‘dangerous’ move to allow harpooning of fin whales after curbs last year

Iceland has granted a licence to Europe’s last whaling company to kill more than 100 animals this year, despite hopes the practice might have been halted after concerns about cruelty led to a temporary suspension last year.

Animal rights groups described the news as “deeply disappointing” and “dangerous”.

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Kenya adds ‘flower power’ to extensive carbon markets engagement, forex goals -media

Carbon Pulse - Wed, 2024-06-12 01:17
Kenya, a regional frontrunner in the voluntary market (VCM), has announced plans to facilitate carbon project development on flower farms to mitigate emissions and increase foreign exchange earnings for the country, according to local media.
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BRIEFING: CSRD to help inform investment decisions and level playing field in company disclosures

Carbon Pulse - Wed, 2024-06-12 01:11
The increasing disclosure requirements placed on companies under the EU’s Corporate Sustainability Reporting Directive (CSRD) from next year will help to inform investment decision making and level the playing field in terms of what companies disclose, a sustainability executive said at a conference today.
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Australia’s power and gas companies want Coalition to retain Labor’s 2030 climate target

The Guardian - Wed, 2024-06-12 01:00

Coal and gas-fired power plant owners say interim target an important step to net zero by 2050

The owners of Australian coal and gas-fired power plants have joined the country’s leading business groups in saying the Coalition should keep Labor’s 2030 climate target if it wins the next election.

The Australian Energy Council, which represents electricity companies and gas wholesalers and retailers, the Business Council of Australia and the Australian Industry Group said maintaining an interim target – legislated as a 43% cut compared with 2005 levels – was an important step in getting to net zero emissions by mid-century.

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FEATURE: Plastics makers look to EU CO2 fees to push decarbonisation, but incinerators are sceptical

Carbon Pulse - Wed, 2024-06-12 00:05
European plastics producers are looking to the inclusion of waste incineration in the EU Emissions Trading System (ETS) for further impetus to boost recycling and cut emissions - but incinerators worry they will bear the brunt of the new carbon costs. 
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Carbon insurer deepens pool of replacement voluntary credits for in-kind emergency payouts

Carbon Pulse - Wed, 2024-06-12 00:01
A firm providing insurance to buyers of voluntary carbon credits, offering payouts for non-delivery either in cash or in kind, has added over a dozen new project developers to its supplier pool.
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Will sewage in the Thames hurt the Tories? The view from Henley and Thame – video

The Guardian - Tue, 2024-06-11 23:58

In the run-up to July's general election, the Guardian video team is touring the UK looking at the issues that matter to voters. After swimmers and rowers fell sick from sewage discharges into the River Thames we went to the seat of Henley and Thame to see how environmental concerns rank for voters in a seat that has been Conservative for more than 100 years

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Microsoft adds almost 1 mln nature-based carbon removal credits to portfolio

Carbon Pulse - Tue, 2024-06-11 23:00
Microsoft has continued to ramp up its voluntary removal purchases as part of its plan to become carbon negative by 2030, adding nearly 1 million nature-based units to its portfolio as part of a deal announced Tuesday.
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VCMI announces first ‘Platinum’ voluntary carbon claim from emerging economy

Carbon Pulse - Tue, 2024-06-11 22:31
The first company from an emerging economy, and only the second overall, has announced a Platinum Claim under the Voluntary Carbon Markets Integrity Initiative (VCMI), which certifies ‘high-integrity’ statements about corporate use of carbon credits to address residual emissions.
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Biochar carbon removal has the potential to stand the test of time -study

Carbon Pulse - Tue, 2024-06-11 22:19
Carbon stored through biochar may remain in the soil or certain materials for decades, centuries, or even millennia, making it a valid option for the upcoming EU certification methodology if stricter rules apply, according to a study.
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Managing overfishing among the most effective strategies to mitigate climate change, study says

Carbon Pulse - Tue, 2024-06-11 22:12
Halting overfishing can make a huge difference in tackling climate change, as the practice poses significant threats to the ocean's ability to store CO2 and preserve ecosystems, a study released on Tuesday has shown.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-06-11 21:47
European carbon prices were little changed at midday on Tuesday, holding steady in the relatively narrow price channel they have occupied in recent days, as traders reported technical-driven trading focused on the approaching options expiry.
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Industrial conglomerate a step closer to net zero manufacturing at Bulgarian factory

Carbon Pulse - Tue, 2024-06-11 21:23
A major European industrial conglomerate says it has taken a major step towards net zero manufacturing at a factory in Bulgaria, largely driven by energy optimisation measures.
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New insurance product protects carbon credits from political and extreme weather risks

Carbon Pulse - Tue, 2024-06-11 20:46
An insurance provider has launched a new product to safeguard the purchase of carbon credits in case they are cancelled or invalidated as a result of political risks such as regulatory changes or the impact of weather on carbon projects, it announced on Tuesday.
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