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Analysts see “mixed bag” for D4 RIN price direction, tight D3 market fundamentals

Carbon Pulse - Fri, 2023-09-29 09:28
Biomass-based diesel (D4) RIN prices under the US Renewable Fuel Standard (RFS) may experience countervailing influences in the next couple years, while the market for the D3 category largely filled by renewable natural gas should remain tight, analysts said Thursday.
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Enormous opportunity for consumers in shift to electric, efficient homes

RenewEconomy - Fri, 2023-09-29 07:25

Infrastructure Victoria CEO says there's an enormous opportunity for private households and businesses in the shift towards greater energy efficiency.

The post Enormous opportunity for consumers in shift to electric, efficient homes appeared first on RenewEconomy.

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WCI Markets: CCAs, WCAs fall for second week in a row amidst wider uncertainty

Carbon Pulse - Fri, 2023-09-29 07:02
California Carbon Allowances (CCAs) waned for the second week in a row in both price and volume as wider macroeconomic issues and market dynamics clouded trading, while Washington Carbon Allowances (WCAs) also continued their drop over the same period with a sense of distrust in the young cap-and-trade system persisting.
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US EPA not concerned about renewable diesel surge overshooting RFS mandates -official

Carbon Pulse - Fri, 2023-09-29 06:05
A recent deluge of biomass-based diesel supply that is hammering RIN prices does not currently present a lot of concern to the US EPA, as the agency decided on its Renewable Fuel Standard (RFS) volumes through an assessment of feedstock availability, a government official said Thursday.
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'You're constantly worrying': pregnant women, bushfire smoke and the impossibility of safety

The Conversation - Fri, 2023-09-29 05:58
If you were pregnant or parenting during Australia’s 2019–20 summer of smoke and fire, chances are you felt acutely anxious – and grappling with impossible responsibility. Mary Lou Rasmussen, Professor, School of Sociology, Australian National University Celia Roberts, Professor of sociology, Australian National University Louisa Allen, Professor, Faculty of Education and Social Work, University of Auckland Rebecca Williamson, Research Officer, Australian National University Licensed as Creative Commons – attribution, no derivatives.
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Lumber firm, carbon storage company plan CCS hub in US southern state

Carbon Pulse - Fri, 2023-09-29 04:29
A US-based CO2 storage provider on Thursday announced partnering with a legacy timberland firm to set up a carbon capture and sequestration (CCS) hub beneath managed forest acreage, conveniently located in a southern state near large stationary CO2 emitting sources.
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EU to launch plan to speed bloc’s deployment of heat pumps as industry flags drop in sales

Carbon Pulse - Fri, 2023-09-29 04:28
An EU action plan to boost the deployment of heat pumps is currently in the making, the bloc's energy commissioner Kadri Simson announced on Thursday in a move that could mean lower launch carbon prices for the bloc's second ETS in the coming years.
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Fossil fuel firms, carmakers account for vast majority of carbon credits bought by companies with climate targets

Carbon Pulse - Fri, 2023-09-29 04:22
Fossil fuel companies and carmakers account for the highest proportion of carbon credit purchases among the world’s top 50 firms with net zero targets, though only 8% of the units purchased by that cohort were from CO2 removal projects, according an analysis released Thursday.
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Singaporean tech company inks first offtake deal for REDD projects in PNG

Carbon Pulse - Fri, 2023-09-29 03:25
A Singaporean tech company has potentially inked its first offtake deal for carbon credits as it seeks to develop over 5.3 million hectares of deforestation avoidance projects in Papua New Guinea (PNG) that are estimated to produce almost 159 million carbon credits annually, it announced Thursday.
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EU businesses raise alarm over red tape cost impact as CBAM launch looms

Carbon Pulse - Fri, 2023-09-29 03:15
European importers face rising prices and administrative bottlenecks as the EU’s new carbon border adjustment mechanism (CBAM) comes into effect from next month, according to a think-tank report published on Thursday that surveyed businesses.
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Youth climate activists protest potential shutdown in Kevin McCarthy’s office

The Guardian - Fri, 2023-09-29 03:04

Members of Sunrise Movement say House Speaker is ‘playing political games with our futures’ and must avert shutdown

Scores of young activists with the youth-led climate organization Sunrise Movement are protesting in the office of the House speaker, Kevin McCarthy, on Thursday morning, demanding he avert a complete government shutdown.

“As storms rage stronger, fires grow hotter, and heatwaves grow more deadly, Kevin McCarthy is playing political games with our futures,” said Adah Crandall, a 17-year-old Sunrise Movement organizer, in an emailed statement.

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Advisory firm beefs up platform to aid carbon credit investors

Carbon Pulse - Fri, 2023-09-29 03:01
A carbon markets advisory is helping companies become more informed and discerning when structuring their carbon credit portfolios, with the launch of a new platform offering due diligence on both compliance and voluntary offsets, and pricing data to help clients determine the fair value of credits, both now and in future, a conference heard on Wednesday.
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Gold Standard joins France-based group to develop biodiversity certification methodology

Carbon Pulse - Fri, 2023-09-29 02:27
Carbon credit standard body Gold Standard has announced it has joined several prominent companies and institutions to work on biodiversity crediting approaches, following other carbon standards that recently released draft methodologies.
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CIX proposes to add another REDD project for its NBS assessment, brokers say market fragmenting

Carbon Pulse - Thu, 2023-09-28 22:53
Climate Impact X (CIX) has proposed adding another REDD project for inclusion in its daily benchmark assessment of the sector, at a time when over-the-counter brokers say the market is becoming more fragmented.
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Welsh town first to trial 10p bottle and can return scheme across community

The Guardian - Thu, 2023-09-28 22:27

Hundreds of Brecon households sign up for scheme in which they get money for every container they recycle

It is best known as a picturesque base for mountain walks but over the last three months a small Welsh market town has been taking part in a world-first environmental scheme that it is hoped may help revolutionise recycling.

People in Brecon (Aberhonddu) have been given manifold ways of returning drinks containers in exchange for a small financial reward. Uptake for the project, a digital deposit return scheme (DDRS) in which citizens get 10p for every container they recycle, has been good with 1,300 of the 4,300 households eligible signing up and 25,000 containers set to be processed.

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Big European insurers ‘underwrite 30% of US coal despite net zero pledges’

The Guardian - Thu, 2023-09-28 21:46

Lloyd’s of London, Zurich and Swiss Re among top 10 insurers of largest US coalmines, study finds

Lloyd’s of London and other big European insurers are underwriting almost a third of US coal production despite their net zero pledges, according to research, with the Lloyd’s insurance market emerging as the second-biggest player.

A report from the Insure Our Future campaign group found that Lloyd’s, Zurich and Swiss Re are among the top 10 insurers of the 25 biggest US coalmines, which produced more than 60% of the country’s output last year. They underwrite 13 mines producing 30.7% of US coal.

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Euro Markets: Midday Update

Carbon Pulse - Thu, 2023-09-28 21:44
European carbon prices were marginally firmer in choppy Thursday morning trade, underpinned by a second strong auction in a row as participants continued to speculate over investment funds' likely positioning in the coming days, while energy markets were firmer amid gas supply interruptions in the North Sea.
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Biodiversity Pulse: Thursday September 28, 2023

Carbon Pulse - Thu, 2023-09-28 21:32
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
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Famous Sycamore Gap tree at Hadrian’s Wall found cut down

The Guardian - Thu, 2023-09-28 21:12

Police investigating after former tree of the year winner thought to have been deliberately felled

A police investigation has been launched into the felling of one of the most photographed trees in the country, the Sycamore Gap tree at Hadrian’s Wall, Northumberland, which was found cut down on Thursday morning.

The world famous tree, voted tree of the year in a Woodland Trust competition in 2016 and featured in the 1991 film Robin Hood: Prince of Thieves, is thought to have been deliberately felled.

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UK group rates construction supply chain materials as ‘low’ biodiversity impact

Carbon Pulse - Thu, 2023-09-28 21:01
Four major global materials in the supply chain of construction firms have relatively low biodiversity impacts, though the built environment overall still rely on ecologically destructive processes, a UK industry-led members network said Thursday.
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