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China publishes basic rules for domestic power markets

Carbon Pulse - Tue, 2024-05-14 21:33
Chinese regulators have released a set of basic rules for the operations of the domestic power markets, as the country continues to push for a transition towards market-based electricity pricing while supporting the development of renewable energy, a move observers say is crucial for the effectiveness of the national ETS.
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Ireland leads group of EU countries in pushing to save contentious nature law

Carbon Pulse - Tue, 2024-05-14 21:30
Ireland is guiding a group of EU member states seeking to rescue a proposed law to restore at least 20% of the bloc's land and sea areas by 2030, following a year of back and forth between co-legislators.
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Nature Tech Alliance launches to help firms reduce their impact on biodiversity

Carbon Pulse - Tue, 2024-05-14 21:25
A group of tech companies on Tuesday announced the launch of the Nature Tech Alliance, a global partnership to help businesses understand, manage, and reduce their impact on nature.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-05-14 21:23
European carbon prices rallied on Tuesday morning after dropping by 6.2% in the previous two sessions, after the daily auction triggered sustained technical buying that drove the market up by €2.00 in two hours, while energy markets also snapped their two-day losing streak.
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Brazilian startup issues $40-mln worth of carbon tokens, claims 1.6 MtCO2e emissions reduction

Carbon Pulse - Tue, 2024-05-14 21:13
A Brazilian fintech startup has announced the issuance of 1.6 million carbon tokens, each representing one tonne of CO2 and encompassing water, soil, and biodiversity co-benefits.
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‘Magical thinking’: hopes for sustainable jet fuel not realistic, report finds

The Guardian - Tue, 2024-05-14 21:00

IPS report says replacement fuels well off track to replace kerosene within timeframe needed to avert climate disaster

Hopes that replacement fuels for airplanes will slash carbon pollution are misguided and support for these alternatives could even worsen the climate crisis, a new report has warned.

There is currently “no realistic or scalable alternative” to standard kerosene-based jet fuels, and touted “sustainable aviation fuels” are well off track to replace them in a timeframe needed to avert dangerous climate change, despite public subsidies, the report by the Institute for Policy Studies, a progressive thinktank, found.

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Sunak to launch food security index as 8% fall in UK self-sufficiency predicted

The Guardian - Tue, 2024-05-14 20:39

Farmer confidence at low ebb amid fears for their future as experts say extreme weather will hit crop yields

Rishi Sunak will launch his food security index to farmers on Tuesday, as experts predict extreme weather this year could cut UK self-sufficiency by 8%.

The prime minister is hosting a farm to fork summit at Downing Street and will say: “I know for many farmers the impact of adverse weather in recent months has made working the land even harder, but my message is clear, our support for you is unwavering and we will be with you every step of the way.”

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Laos consults on upcoming Article 6 carbon laws

Carbon Pulse - Tue, 2024-05-14 19:18
After issuing its draft decree on its nascent Article 6-linked carbon market last month, Laos is now holding a consultation on the subject for major stakeholders.
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Ratings agency defends against detractors, arguing they’re a sign of a maturing market

Carbon Pulse - Tue, 2024-05-14 19:02
Carbon ratings firms are a sign that the voluntary market is maturing and can help bring price clarity to buyers, a representative of one agency told a conference Tuesday in defence against critics.
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Japan to draw up 2040 decarbonisation strategy, strengthen legal foundation of domestic ETS

Carbon Pulse - Tue, 2024-05-14 18:54
Japan has launched a process to formulate a new national decarbonisation strategy towards 2040, which it intends will give more clarity to the trajectory of the country's emissions trading system.
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Huge crocodile captured in north Queensland after houseboat scare – video

The Guardian - Tue, 2024-05-14 16:45

The crocodile measuring more than four metres long was captured in a north Queensland marina after lunging at a man on a houseboat. The reptile was reported to authorities after launching itself at the houseboat and, in a separate incident, taking a dog. The animal was captured at Cardwell Marina, north of Townsville

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Xpansiv looks to connect to the world via open access to market services

Carbon Pulse - Tue, 2024-05-14 16:00
Xpansiv is expanding its horizons with a new service to provide open access to the company’s automated settlement and portfolio management, the company announced Tuesday.
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UK ‘net zero’ project will produce 20m tonnes of carbon pollution, say experts

The Guardian - Tue, 2024-05-14 15:00

Government told Net Zero Teesside gas scheme will be massive polluter despite its carbon capture claims

A multibillion-pound “net zero” project backed by two of the world’s biggest fossil fuel firms will be responsible for more than 20m tonnes of planet-heating carbon over its lifetime, according to research submitted to the UK government.

The Net Zero Teesside scheme to build a new gas-fired power station in north-east England is backed by BP and Equinor and says it will use carbon capture and storage (CCS) technology to capture up to 95% of its emissions and bury them beneath the North Sea.

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