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Liberian government warns against participation in carbon credit ‘black market’

Carbon Pulse - Sat, 2023-07-01 10:53
The Liberian government has warned the public against participating in the ‘black market’ for carbon credits.
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Sex life of rare 'leopard-print' frog revealed

BBC - Sat, 2023-07-01 10:05
An all-female team tracked it down amid deadly snakes and 50C heat in a forest known as 'hell on Earth'.
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Brazil eyes mobilisation of $9.1 bln in clean energy investment after fund approves grid plan

Carbon Pulse - Sat, 2023-07-01 08:32
Brazil expects to see a $9.1 billion mobilisation of clean energy investment in the country after a multilateral fund’s board on Friday endorsed a $70 million plan to support renewable power onto the grid.
Categories: Around The Web

South Korea, Vietnam sign MoU on Article 6 collaboration

Carbon Pulse - Sat, 2023-07-01 08:05
South Korea and Vietnam have signed a deal to collaborate on carbon trading under Article 6 of the Paris Agreement.
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Compliance entities add CCAs and slash RGA holdings, while speculators stay quiet

Carbon Pulse - Sat, 2023-07-01 07:59
Emitters trimmed their net short position in California Carbon Allowances (CCAs) while depleting their RGGI Allowance (RGA) net length this week, as financial entities did not alter their holdings to a significant degree, according to US Commodity Futures Trading Commission (CFTC) data published Friday.
Categories: Around The Web

California cap-and-trade account backlog continues building in Q2

Carbon Pulse - Sat, 2023-07-01 07:12
The number of entity accounts pending approval to participate in California’s WCI-linked cap-and-trade system continued to balloon during the second quarter, according to Carbon Pulse analysis of government data published Friday, as more speculators sought physical exposure to the market.
Categories: Around The Web

US Carbon Markets and LCFS Roundup for week ending June 30, 2023

Carbon Pulse - Sat, 2023-07-01 05:52
A summary of legislative, regulatory, and policy action on carbon, clean fuel standard, and clean energy markets at the US federal and subnational levels this week, including a Maryland climate plan that features an economy-wide cap-and-invest programme, and a California Senate committee advancing two carbon credit related bills.
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UPDATE – Washington Q3 current vintage carbon auction volume remains identical to May sale, but features consigned allowances

Carbon Pulse - Sat, 2023-07-01 05:44
Washington state will offer an identical number of current vintage allowances at the August auction compared with the Q2 sale, according to a notice published Friday, with some of the volume stemming from consigned permits under the cap-and-trade programme.
Categories: Around The Web

BRIEFING: EU nations face major ambition hike in non-ETS sectors

Carbon Pulse - Sat, 2023-07-01 03:40
Most emissions reductions needed for the EU to meet its 2030 climate ambitions fall under the bloc's Effort Sharing Regulation (ESR), with signs that nations will struggle to meet their binding annual national targets in non-ETS sectors even if they make use of provisions to tap abatement from the ETS or land use sectors.
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Is Pride the right target for Just Stop Oil? Yes, when it’s letting our common enemy off the hook | James Greig

The Guardian - Sat, 2023-07-01 03:09

LGBTQ+ rights and the climate crisis are not separate, when the forces working against them are so often one and the same

Queer members of Just Stop Oil issued Pride in London with a set of demands this week, arguing that “the climate crisis is the biggest threat to LGBTQ+ rights, due to social collapse”. This comes after Pride faced accusations of “pinkwashing” over its decision to make United Airlines the headline sponsor of this year’s event.

Just Stop Oil is calling for transparency around which companies Pride in London accepts money from, and how these decisions are made; a statement from the organisers demanding an end to new oil and gas; and a public meeting with its volunteers about joining the fight for climate justice. Failure to meet these demands, Just Stop Oil suggested, “may or may not” result in protest action during Saturday’s event.

James Greig writes about culture and society

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Colombian mangrove project sees carbon credit score downgraded by rating agency

Carbon Pulse - Sat, 2023-07-01 03:08
Carbon credits from a mangrove project in Colombia have been downgraded to a moderate chance of achieving a tonne of carbon avoidance or removal , while credits from three other projects, including a cookstove project in Somalia, have been given low chances.
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EU ambassadors fail to agree on power market reform, leaders urge speedy industry deal

Carbon Pulse - Sat, 2023-07-01 02:59
Representatives of EU nations failed to find a deal on Friday to reform the bloc's electricity market to help speed decarbonisation amid continued squabbles on how nuclear and coal should be treated.
Categories: Around The Web

London Super Sewer gets underground flower garden

BBC - Sat, 2023-07-01 01:57
The artificial oasis 50m beneath London aims to reflect a healthier future for the River Thames once the new sewer opens.
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Investor shine fades in carbon sector amid general slowdown in climate tech

Carbon Pulse - Sat, 2023-07-01 01:18
Venture capital funding in the carbon industry slumped in the first half of the year amid a general retrenchment in the climate tech sector, but largely because of a boom in 2022, according to research published on Friday.
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New forest carbon standard pivots to more ecosystem-focused assessment, eyes Sep. launch

Carbon Pulse - Sat, 2023-07-01 00:39
A new nature-based voluntary carbon market standard on Friday said it will revise its focus following a consultation towards the assessment of ecosystem and habitat indicators as it looks to make an official launch in early September.
Categories: Around The Web

The tide is coming in fast on Rishi Sunak – and it’s full of sewage | Marina Hyde

The Guardian - Fri, 2023-06-30 23:03

The prime minister’s pledges to transform the country look about as rock steady as Thames Water’s balance sheets

Another busy week for Britain’s Ministry of Metaphor, as the country’s largest supplier of that luxury product “water” teeters on the brink of collapse. Thames Water has become the latest object lesson in the predictable and predicted folly of privatised monopolies, aided by a regulator that’s an even bigger wet wipe than the fatbergs bunging up the sewers. If you thought leveraged debt was bad when the Glazers did it with Manchester United, it’s possible you’ll find it even worse when water firms are holding you to a 40% bill hike if you simply want one of the essential building blocks of human life to come out of your tap. The companies have acted like cowboy builders who fleece unsuspecting customers for catastrophically poor work, and now want you to pay them huge sums again to fix it.

Back to them in a minute. For now, let’s rewind to early January this year, when the prime minister portentously unveiled his government’s five pledges. You may recall quite a lot of political experts explaining loftily that he had chosen these specific targets as they were actually not all that hard to achieve. As Rishi Sunak put it then: “Those are the people’s priorities. We will either have achieved them or not. No tricks, no ambiguity. We’re either delivering for you or we’re not.”

Marina Hyde is a Guardian columnist

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Categories: Around The Web

Euro Markets: Midday Update

Carbon Pulse - Fri, 2023-06-30 22:12
European carbon posted a small gain at midday on Friday after early declines amid thin trading as the quarter neared its end and traders closed their books, with a weak German auction contributing to a bearish feel while energy prices were slightly firmer as traders looked ahead to the start of Q3.
Categories: Around The Web

ANALYSIS: EUA pricing may be shifting back to fundamentals as spec-driven whipsaw seen ending

Carbon Pulse - Fri, 2023-06-30 22:06
Europe's carbon market has seen sharp price swings in recent months amid an increased focus on technical trading as participants have focused on speculative positioning, but after the most recent episode of short-covering traders are starting to question whether EUAs are overvalued, with some are saying allowance costs may again start to reflect fundamentals.
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UK lawmakers publishes report on marine mammal protection

Carbon Pulse - Fri, 2023-06-30 21:57
A report from a British parliamentary environment committee on protecting marine mammals published this week calls for new comprehensive and precautionary actions to protect species.
Categories: Around The Web

CN Markets: CEA price stable with improved trading volume, though CCER liquidity shrinks amid lack of clarity

Carbon Pulse - Fri, 2023-06-30 21:38
The spot price in China's national emissions trading scheme (ETS) remained stable over the past two weeks with a steady increase in trading volume, while the domestic offset market saw shrinking liquidity as participants are taking a wait-and-see attitude ahead of the official relaunch of the national programme.
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