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Washington finalises regulatory updates for imported power under carbon market

Carbon Pulse - Wed, 2024-12-04 12:39
Washington state on Tuesday adopted amended regulations to establish obligations in future for emissions associated with imported power from centralised electricity markets (CEMs).
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PREVIEW: Programme review uncertainty tempers RGGI Q4 auction expectations

Carbon Pulse - Wed, 2024-12-04 12:28
Traders expect RGGI’s last permit sale to clear discounted or near secondary market prices, with mild involvement from financial entities given uncertainty on programme review next steps.
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Carbon project ratings agency lays off dozens of staff amid voluntary market slowdown

Carbon Pulse - Wed, 2024-12-04 11:05
A carbon project ratings agency has laid off dozens of staff members amid a company restructuring campaign, Carbon Pulse has learned.
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New Zealand unveils details on limiting exotic forestry in ETS

Carbon Pulse - Wed, 2024-12-04 10:58
The New Zealand government on Wednesday published long-awaited elements of its plan to limit exotic forestry in the Emissions Trading Scheme based on Land Use Capability (LUC) class. 
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PREVIEW: Washington’s Q4 auction expected to trigger reserve sale

Carbon Pulse - Wed, 2024-12-04 10:37
Washington's final current vintage auction for this year is anticipated to prompt a reserve sale that would release additional volumes, driven by the market’s need for increased permit supply.
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Indonesia must phase out 3 GW of coal annually to meet 2040 target, analysis finds

Carbon Pulse - Wed, 2024-12-04 10:01
Indonesia would need to retire 3 GW of coal-fired power plants per year and replace it with 8 GW of renewables at the same rate if it is to achieve its 2040 coal phase-out target, according to an analysis published Wednesday.
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Investors with $6.5 trillion of assets see mixed results in seafood sustainability engagement

Carbon Pulse - Wed, 2024-12-04 10:01
Some 35 investors representing $6.5 trillion in combined assets have engaged with varied results over a year-long outreach with seven seafood companies on sustainability issues such as supply-chain traceability to curb habitat destruction and overfishing.
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Four of UK’s oldest nuclear plants to run for even longer as Hinkley Point delayed

The Guardian - Wed, 2024-12-04 10:01

EDF extends life of reactors to ‘boost energy security’ and bridge gap before new Somerset project starts up

Four of Britain’s oldest nuclear power plants will continue running for more than a decade longer than initially planned to help bridge a gap before the delayed Hinkley Point nuclear station starts up.

The owner of Britain’s nuclear plants, the French energy company EDF, said it had agreed to extend the lifetime of its reactors yet again to “boost energy security and reduce dependence on imported gas”.

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New Zealand auction partially clears with 4 mln NZUs sold

Carbon Pulse - Wed, 2024-12-04 09:13
The final New Zealand ETS auction for 2024 has partially cleared, with 4 million NZUs selling at NZ$64 ($37.63), in line with market expectations.
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Protection deal for Amazon rainforest in peril as big business turns up heat

The Guardian - Wed, 2024-12-04 08:30

Exclusive: With Brazil’s politicians, agribusiness organisations and global traders piling on the pressure, the highly successful 2006 Soy Moratorium is under threat

One of the cornerstones of Amazon rainforest protection – the Soy Moratorium – is under unprecedented pressure from Brazilian agribusiness organisations, politicians, and global trading companies, the Guardian has learned.

Soy is one of the most widely grown crops in Brazil, and posed a huge deforestation threat to the Amazon rainforest until stakeholders voluntarily agreed to impose a moratorium and no longer source it from the region in 2006.

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North Dakota coal plant CCS project loses lead developer despite DOE support

Carbon Pulse - Wed, 2024-12-04 08:17
A large-scale carbon capture and storage (CCS) project at a North Dakota coal plant is in limbo as a co-developer withdrew from the project months after receiving federal support from the US Department of Energy (DOE).
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California power emissions drop YoY in October despite renewables receding, natural gas demand rising

Carbon Pulse - Wed, 2024-12-04 07:43
California electricity sector emissions fell year-on-year (YoY) in October even as the share of renewable energy declined and natural gas rose, according to data published Monday by the state's grid operator.
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EU parliament, countries agree to delay anti-deforestation law

Carbon Pulse - Wed, 2024-12-04 07:26
Companies will have one more year to comply with the EU's incoming deforestation law, under an agreement struck on Tuesday evening between the European Parliament and Council of member states.
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FEATURE: No sign of Canada’s 2035 climate target, despite mandate by law

Carbon Pulse - Wed, 2024-12-04 07:19
Canada’s 2035 climate target was expected Dec. 1 as per federal law, but legal ramifications resulting from the delay appear limited amid a challenging political environment for increased climate ambition.
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Delays cause CO2 pipeline developer to withdraw permit application in Iowa

Carbon Pulse - Wed, 2024-12-04 06:19
A midwestern carbon pipeline company has withdrawn its permit application to build a CO2 pipeline in Iowa after delays created uncertainty around the project’s timeline, the company said in state filings.
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Global markets are likely to withstand a Trump-led US withdrawal from the Paris Agreement

The Conversation - Wed, 2024-12-04 05:11
New research examining how net-zero announcements from the US, UK, and China affected global financial markets could help forecast what the future may hold, if the US pulls back on its commitments. Mona Mashhadi Rajabi, Postdoctoral Research Fellow, University of Technology Sydney Martina Linnenluecke, Professor of Environmental Finance at UTS Business School, University of Technology Sydney Tom Smith, Professor, Department of Applied Finance, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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