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Australia Market Roundup: NSW extends the life of country’s biggest coal-fired power station, ACCU issuance slumps

Carbon Pulse - 39 min 44 sec ago
The New South Wales state government has struck a deal with Origin Energy to push the closure date of the Eraring coal-fired power station back by two years due to grid reliability and security concerns.
Categories: Around The Web

ARB offset issuance retreats from YtD highs, DEBs-tagged units pick up

Carbon Pulse - 4 hours 36 min ago
California regulator ARB issued compliance-grade offsets tagged with direct environmental benefits (DEBs) to the state after a two-period hiatus, but the overall distribution fell from the highs reached two weeks earlier.
Categories: Around The Web

What is ‘Net Zero’, anyway? A short history of a monumental concept

The Conversation - 7 hours 41 min ago
The phrase ‘net zero’ has a long history. Ruth Morgan, Associate Professor of History, Australian National University Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

FEATURE: World governments split on how to regulate voluntary carbon credits

Carbon Pulse - 11 hours 39 min ago
Governments are classifying voluntary carbon credits (VCCs) in diverse ways, often disagreeing on whether they are financial products, fragmenting voluntary carbon market (VCM) regulation.
Categories: Around The Web

Airbus UK to build satellite to monitor Sun storms

BBC - 12 hours 4 min ago
The spacecraft will give earlier warnings of conditions that produced the recent auroral lights.
Categories: Around The Web

Tech giants pledge to contract 20 mln nature-based voluntary carbon credits

Carbon Pulse - 12 hours 32 min ago
Four of the world's largest technology companies have joined forced under a new coalition to contract up to 20 million tonnes of nature-based voluntary carbon credits, they announced Wednesday.
Categories: Around The Web

UK breakthrough could slash emissions from cement

BBC - 12 hours 51 min ago
Scientists from Cambridge University find an ingenious way to decarbonise one of the world's most polluting materials.
Categories: Around The Web

The claim of a $600bn carbon capture windfall for Australia is based on heroic assumptions and selective analysis | Temperature Check

The Guardian - 12 hours 51 min ago

Projections of the size and scale of a future CCS industry should come with heavy doses of scepticism

As far as bonanzas go, a claim this week that Australia could pull in almost $600bn by storing carbon dioxide from other countries is one that puts even the Aukus nuclear submarine deal in the shade.

The oil and gas industry lobby group Australian Energy Producers made the claim, reported in the Australian, pointing to a study carried out by global energy analysts Wood Mackenzie.

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Categories: Around The Web

Microsoft to buy 36k carbon removals from biochar producer, adds another 1 Mt to Danish BECCS deal

Carbon Pulse - 13 hours 14 min ago
Microsoft has signed an agreement to buy 36,000 tonnes of biochar from a Canadian producer, the firms announced on Wednesday, while the tech giant also increased by 1 million tonnes the purchase volume of an existing deal for Danish bioenergy removals.
Categories: Around The Web

BRIEFING: EUA price must hit €150/t to push ship owners to adopt greener fuel

Carbon Pulse - 13 hours 17 min ago
EUAs need to be trading at least €150 per tonne to start incentivising ship owners to switch to biofuels in a subsidised environment, while the price would need to be markedly higher than that to ensure a shift to more expensive green fuels like ammonia or methanol, a freight manager told a conference Wednesday.
Categories: Around The Web

First sea trials of slow steaming software for shipping industry sharply cut CO2 emissions

Carbon Pulse - 13 hours 19 min ago
Two sea trials of a new slow steaming solution for the shipping industry have sharply cut CO2 emission levels, confirming earlier pilot programs, a shipping consortium announced this week.
Categories: Around The Web

Over 50% of the world’s mangrove ecosystems at risk of collapse by 2050, IUCN says

Carbon Pulse - 13 hours 29 min ago
The International Union for Conservation of Nature (IUCN) released Wednesday its first-ever assessment of the world's mangrove ecosystems, showing that more than half of them are at risk of collapse by 2050.
Categories: Around The Web

Rhino bond has lessons for biodiversity credits, expert says

Carbon Pulse - Wed, 2024-05-22 23:19
The nascent biodiversity credits market can learn from the work of the World Bank’s rhino bond, according to an expert whose organisation worked on the issuance.
Categories: Around The Web

EU ministers face six tests for strengthening green competitiveness, says think tank

Carbon Pulse - Wed, 2024-05-22 23:05
A series of tests awaits the European Union, as the bloc still debates how to respect climate commitments and remain economically ambitious at the same time, with the 27 nations' ministers set to gather in Brussels at the Competition Council on Friday.
Categories: Around The Web

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