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VCM Report: Prices sink further as buyers retreat and sovereigns perk up
Cocoa planting is destroying protected forests in west Africa, study finds
Global trade in chocolate, worth more than $1tn a year, is leading to widespread deforestation in Ivory Coast and Ghana
The world’s hunger for chocolate is a major cause of the destruction of protected forests in west Africa, scientists have said.
Satellite maps of Ivory Coast and Ghana showed swathes of formerly dense forest had become cocoa plantations since 2000, according to a study.Continue reading...
Nigerian oil and gas regulator to develop carbon market framework -media
Experts forecast flood of biodiversity credit demand but urge regulation
Global heating will push billions outside ‘human climate niche’
World is on track for 2.7C and ‘phenomenal’ human suffering, scientists warn
Global heating will drive billions of people out of the “climate niche” in which humanity has flourished for millennia, a study has estimated, exposing them to unprecedented temperatures and extreme weather.
The world is on track for 2.7C of heating with current action plans and this would mean 2 billion people experiencing average annual temperatures above 29C by 2030, a level at which very few communities have lived in the past.Continue reading...
Gold Standard launches new climate claims framework, teams with early movers to ‘go beyond’
English water firms want to draw a line under the past. It won’t wash | Nils Pratley
Industry wants accountability to cover putting sewage spills right, not firms’ previous compliance
“We want to be held to account …” said Ruth Kelly, the new public face of the English water companies, last week, briefly raising hopes of a moment of reckoning for the industry’s past (and current) sewage spills. Then the chair of Water UK clarified what her version of accountability covers. The companies wish to be held to account “… for putting it right”.
The past 30 years, we were invited to think, should be considered an unfortunate chapter in which the industry, terribly unfortunately, didn’t give sewage spills enough attention while other investments were prioritised. That was the gist of her apology. “By and large, the water companies were carrying out their legal responsibilities but … what’s legal is not necessarily the right answer or what people expect,” she argued on BBC Radio 4’s Today programme.Continue reading...
Extreme weather more common but less deadly
TNFD co-chair names September date for launch of final nature disclosure recommendations
Wind beats out gas generation in UK in first quarter for first time
Wind overtakes gas for first time to become biggest contributor to UK grid in first three months of 2023.
The post Wind beats out gas generation in UK in first quarter for first time appeared first on RenewEconomy.
Euro Markets: Midday Update
Actively-restored tropical forests store much more carbon than other types, study shows
Big polluters’ share prices fall after climate lawsuits, study finds
Exclusive: Fossil fuel companies register drop in value after litigation or unfavourable judgments
Climate litigation poses a financial risk to fossil fuel companies because it lowers the share price of big polluters, research has found.
A study to be published on Tuesday by LSE’s Grantham Research Institute examines how the stock market reacts to news that a fresh climate lawsuit has been filed or a corporation has lost its case.Continue reading...
Financial firms commit to nature action by signing biodiversity pledge
America’s big shift to green energy has a woolly mammoth problem
Transmission lines in the US need to be increased threefold, but faces pushback from fossil conservation and green groups
America’s renewable energy drive needs more than a million miles of new transition lines but emerging resistance includes opponents worried about building them in one of the country’s richest areas of ice-age fossils.
The Greenlink West project would build a 470-mile-long transmission line bringing clean electricity north of Las Vegas to Reno in Nevada, but it cuts through an area containing everything from woolly mammoth tusks to giant sloths to ancient camels.Continue reading...
Weather tracker: Guam and Philippines brace for Typhoon Mawar
Typhoon projected to affect US territory of Guam as early as Tuesday. Elsewhere, Europe is heating up
Over the weekend, a rapidly intensifying region of thunderstorms in the western Pacific culminated in the formation of Typhoon Mawar.
The movement of this storm is projected to affect the Mariana Islands, including the US territory of Guam, as early as Tuesday. There is a risk of wind speeds above 75mph, together with torrential rain.Continue reading...
India Carbon Credit Manager, CapGemini – Mumbai
Australia to consult on how carbon project proponent-led method process, integrity body will work, govt official says
Spanish renewable production exceeds 100 pct of demand for 9 hours
Renewables generate enough power to cover all demand in Spain for the longest period yet.
The post Spanish renewable production exceeds 100 pct of demand for 9 hours appeared first on RenewEconomy.