Around The Web

CP Daily: Friday December 1, 2023

Carbon Pulse - Sat, 2023-12-02 12:09
A daily summary of our news plus bite-sized updates from around the world.
Categories: Around The Web

California, Washington release auction reserve prices for 2024

Carbon Pulse - Sat, 2023-12-02 11:28
The California-Quebec carbon market and Washington’s cap-and-trade programme on Friday announced similar auction floor prices and allowance price containment reserve (APCR) levels for 2024, as the linked WCI scheme also established next year's sale volumes.
Categories: Around The Web

Climate change: The young activists changing the sceptics' minds

BBC - Sat, 2023-12-02 10:48
Engaging with climate sceptics can be a challenge - but some people are trying to change their minds.
Categories: Around The Web

Emitters shorten across markets while speculators pick up CCAs and RGGI

Carbon Pulse - Sat, 2023-12-02 10:16
Compliance entities and speculators both shed their V23 California Carbon Allowance (CCA) holdings in favour of V24, favoring the reverse in RGGI, while both groups reduced their Washington Carbon Allowance (WCA) positions over the last week, US Commodity Futures Trading Commission (CFTC) data showed Friday.
Categories: Around The Web

COP28: Huge rise in oil drilling expected from hosts UAE

BBC - Sat, 2023-12-02 10:02
The UAE's state oil company is set to be the world's second biggest producer, analysis shows.
Categories: Around The Web

California offset usage slips further in 2022, DEBs share falls as credit prices soar

Carbon Pulse - Sat, 2023-12-02 10:02
California compliance offset retirements continued to decline during the interim cap-and-trade deadline in 2022, dropping to a third of the amount surrendered during the 2018–20 period, while higher premiums and supply constraints drove down the share of credits with direct environmental benefits (DEBs), according to official data published Thursday.
Categories: Around The Web

Carbon credit registry readies new version of US IFM methodology

Carbon Pulse - Sat, 2023-12-02 08:32
An update to an existing Improved Forest Management (IFM) methodology in the US will be proposed early next year, the certifier announced on Friday.
Categories: Around The Web

US DOE announces funding to advance commercial-scale carbon management

Carbon Pulse - Sat, 2023-12-02 07:50
The US Department of Energy’s (DOE) has launched federal funding for projects to accelerate the commercial deployment of carbon capture, transport, and storage throughout the US to address legacy GHG output, as well as emissions from industrial operations and power plants.
Categories: Around The Web

COP28: Norway makes $100 mln contribution to Indonesia in recognition of forest protection efforts

Carbon Pulse - Sat, 2023-12-02 05:45
Norway on Friday announced a contribution of $100 million to support Indonesia’s continued efforts to reduce deforestation, pointing out that the Asian nation now has the lowest reported levels in 20 years.
Categories: Around The Web

INTERVIEW: Carbon removal buyer eyes market gap for project financing, says registries need to divorce from verifiers

Carbon Pulse - Sat, 2023-12-02 04:38
A large tech company with a growing carbon removal portfolio is looking for ways to support early-stage technologies with access to project finance, and calls for better standardisation of registries in order to reduce the risk of over-crediting in the voluntary carbon market.
Categories: Around The Web

CIX drops Southern Cardamom carbon credits from nature benchmark amid price slump

Carbon Pulse - Sat, 2023-12-02 04:20
Climate Impact X (CIX) has temporarily suspended delivery of carbon credits from the Southern Cardamom REDD project (VCS 1748) for its nature-based benchmark, Nature X, with immediate effect, after a review found the project failed to meet eligibility criteria.
Categories: Around The Web

Nature target-setting framework for asset managers and owners launched

Carbon Pulse - Sat, 2023-12-02 04:00
A framework to help asset managers and asset owners set targets for nature has been launched by the Finance for Biodiversity Foundation (FfB).
Categories: Around The Web

COP28: US, other countries’ carbon market arrangements seen threatening push to strengthen trade rules -leaked EU doc

Carbon Pulse - Sat, 2023-12-02 03:54
The US and other countries are implementing initiatives that could undermine efforts to introduce more robust and transparent standards for international carbon markets, risking missing the Paris Agreement’s goals by embracing existing but flawed approaches, according to a leaked EU document.
Categories: Around The Web

The Guardian view on Cop28: energy companies are not the only ones with a carbon addiction | Editorial

The Guardian - Sat, 2023-12-02 03:35

Just like oil and gas businesses, and petro-states, carbon-intensive industries including meat will fight to keep on polluting

Agriculture companies and lobbyists are among those who arrived in the United Arab Emirates for Cop28 determined to resist pressure on them to transform their businesses. Documents show that JBS, the world’s biggest meat company, and allies including the Global Dairy Platform, planned to make arguments in favour of livestock farming with “full force”. While the sincerity of fossil-fuel businesses’ commitment to a green transition has long been doubted, they are not the only energy-intensive businesses to approach Cop28 as an opportunity to promote their activities – rather than a threat.

While the ostensible purpose is to safeguard the planet for the future, the fear is that the Cop process has been captured by the short-term interests of carbon-emitting industries that will do anything to protect their wealth. This year’s gathering is hosted by Sultan Al Jaber, the chief executive of the UAE’s national oil company.

Continue reading...
Categories: Around The Web

COP28: World Bank eyes Q1 auction of REDD credits under FCPF programme, expects 126 mln issued by 2028

Carbon Pulse - Sat, 2023-12-02 03:21
The World Bank plans to conduct an initial auction of carbon credits generated via select Forest Carbon Partnership Facility (FCPF) countries by the end of Q1 next year, as it pursues a scaling up of the programme to a value of $2.5 billion and considers other sectors for future credit generation.
Categories: Around The Web

COP28: Vietnam announces JETP Resource Mobilisation Plan

Carbon Pulse - Sat, 2023-12-02 03:09
Vietnam announced its plan to mobilise resources towards implementing a Just Energy Transition Partnership (JETP) on Friday at COP28, advancing the multi-faceted clean energy funding agreement struck over a year ago.
Categories: Around The Web

COP28: Climate Club launches to speed industrial decarbonisation

Carbon Pulse - Sat, 2023-12-02 03:05
On Friday, 35 nations and the EU formally launched the “Climate Club” of ambitious countries at COP28 in Dubai, which will focus on decarbonisation of industrial sectors.
Categories: Around The Web

Rise in English bathing sites rated unfit to swim

BBC - Sat, 2023-12-02 02:58
Fewer swimming spots are rated "excellent" and more rated "poor" by the environment watchdog.
Categories: Around The Web

Court orders Belgian governments to cut emissions by 55% by 2030

Carbon Pulse - Sat, 2023-12-02 02:33
In a ruling on Thursday, the Brussels Court of Appeal said the Belgian, Flemish, and Brussels governments must reduce greenhouse gas emissions by 55% by the end of the decade, in the latest example of a growing trend of climate litigation cases against governments.
Categories: Around The Web

WEF: Biodiversity credit demand could reach $180 bln by 2050 in radical future

Carbon Pulse - Sat, 2023-12-02 02:02
Demand for biodiversity credits could reach $180 billion annually by 2050 if a radical transformation in valuing nature happens, the World Economic Forum (WEF) has said.
Categories: Around The Web


Subscribe to Sustainable Engineering Society aggregator - Around The Web