Around The Web

Africa’s largest carbon originator links with advisory firm on renewables projects

Carbon Pulse - Thu, 2023-02-23 04:12
Africa’s largest project originator in the voluntary carbon market (VCM) has teamed up with a climate intermediary with an initial three-year plan that aims to generate 900,000 credits. 
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ANALYSIS: Clean fuel pricing bills advancing in Vermont would mark two potential firsts

Carbon Pulse - Thu, 2023-02-23 04:09
Proposed legislation in Vermont could see the state adopt a first-in-the-nation clean heat standard that experts say would be a model for other jurisdictions to follow, while lawmakers also mull implementing the first transportation sector low-carbon fuel standard (LCFS) in the eastern US.
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Thérèse Coffey brings farmers’ union plenty of chaff and no wheat

The Guardian - Thu, 2023-02-23 04:04

Environment secretary leaves Birmingham with egg on face while Rish! endures Brexit psychodrama

All praise the government of all the talentless. Or look at it this way. If Thérèse Coffey can make it to the cabinet, how useless do the rest of the Tory MPs have to be not to make the cut? Or perhaps Coffey has some svengali-like hold over Rishi Sunak. Can bend him to her will. Because let’s be honest, there’s no obvious sign of intelligent life in her. She’s at her most convincing when she’s at her most unconscious.

You’d have thought the environment secretary would have taken notes. Would have seen Sunak and Mark Spencer crash and burn at the National Farmers’ Union (NFU) conference in Birmingham on Monday, and make an effort to raise her game before facing the same crowd on Tuesday.

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Ratings firm gives big downgrade to African REDD project

Carbon Pulse - Thu, 2023-02-23 03:18
A carbon credit ratings agency has given a major downgrade to a previously highly-ranked Verra-certified REDD project in Africa amid signs of deforestation in the territory. 
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EU needs grid-balancing new gas power units in net zero shift, report finds

Carbon Pulse - Thu, 2023-02-23 03:07
At least 19 GW of new flexible gas-fired power generation capacity and 50 GW of storage capacity will be needed by 2030 to stabilise the grid as the share of renewables increases in the Europe’s electricity mix, according to a study published on Wednesday. 
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UK publishes details on mandatory nature positive planning policy, biodiversity credit use

Carbon Pulse - Thu, 2023-02-23 02:51
The British government has published a response to its consultation on a nature and biodiversity positivity regulation that will help to inform a final biodiversity plan for land use and development that includes details on how credits can incentivise support for nature protection.
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Enhanced rock weathering developer promises scale will cut costs to around $100/tCO2

Carbon Pulse - Thu, 2023-02-23 02:06
An enhanced rock weathering (ERW) carbon removals developer expects to cut production costs to around $100 tonnes of CO2 if its plans to scale come to fruition, a level close to current EU ETS values. 
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2023-02-22 22:40
EUA prices dropped back below €100 in an indecisive morning's trading as participants waited for updated Commitment of Traders data that they said would give a stronger steer on market direction, while the fortnightly UK allowance auction in the afternoon was also seen as a potential influence.
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Iberdrola posts 3% fall in ETS-covered emissions amid heavy Q4 gas drop-off

Carbon Pulse - Wed, 2023-02-22 21:38
Spanish utility Iberdrola announced a marginal drop in 2022 emissions across its EU ETS-covered power generation portfolio in 2022 due to particularly heavy slump in Q4 output from its gas plants, a trend increasingly seen across European energy firms reporting full-year results.
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Asia’s domestic, international carbon markets entangle, but room for growth in both, panellists say

Carbon Pulse - Wed, 2023-02-22 21:36
The development of international carbon markets is likely to run parallel with growth in both voluntary and compliance domestic carbon markets in Asia, with the various systems showing signs of convergence in some cases, a webinar on the future of carbon markets in Asia was told on Wednesday.
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US energy firms use Ukraine war to lock in long-term gas contracts

The Guardian - Wed, 2023-02-22 21:00

Oil and gas companies seek expansive contracts to tackle short-term problem of tight European gas supply

American oil and gas companies are pushing to solve the short-term problem of a tight European gas supply, driven by Russia’s invasion of Ukraine, with long-term liquefied natural gas (LNG) contracts, a new report shows.

The US fossil fuel industry has locked in 45 long-term contracts and contract expansions since the start of the war, according to research by Friends of the Earth, Public Citizen and BailoutWatch. That’s a major increase from the 14 such contracts signed in 2021.

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Alarming toxic ‘forever chemicals’ found in animals’ blood – study

The Guardian - Wed, 2023-02-22 21:00

Analysis says hundreds of animals are contaminated with dangerous compounds linked to cancer and other health problems

Hundreds of animal species across the globe from ticks to whales have blood contaminated with toxic PFAS, a new analysis of previous peer-reviewed research shows.

Though the analysis does not aim to reveal how the exposure to PFAS affects wildlife, anecdotal evidence in some of the previous studies show the chemicals are likely sickening animals.

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England one dry spell away from return to severe drought, say experts

The Guardian - Wed, 2023-02-22 20:59

Warning comes as supermarkets ration sales of produce owing to dry conditions elsewhere in Europe

England is at risk of a severe drought, with experts warning it is one dry spell away from conditions similar to last summer.

Farmers are preparing for a difficult growing year, with some areas having never left drought and others just recovering. This means it will be difficult to grow certain vegetables and yields could be affected. Last year, yields on crops such as cabbage and kale were reduced because of the drought.

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Biodiversity will require complete rethink in crediting framework, developers say

Carbon Pulse - Wed, 2023-02-22 20:18
The fledgling biodiversity market will need a crediting framework that departs completely from carbon, according to two project developers involved.
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South Korea’s SK Securities eyes early-stage offset projects

Carbon Pulse - Wed, 2023-02-22 18:52
South Korea's SK Securities is planning to further broaden its presence in the voluntary market as a project developer and provider of offsets for domestic buyers, following its recent purchase of international credits for carbon neutrality goals.
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Carbon pricing regime key to Malaysia’s net zero, nature conservation goals -report

Carbon Pulse - Wed, 2023-02-22 17:14
Malaysia’s approach to carbon pricing should integrate the twin objectives of reducing emissions from the energy sector with the protection of carbon sinks in forestry in order to enable the Southeast Asian economy to reach its net zero goals, a report from a local think-tank has recommended.
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Philippines signs carbon, biodiversity MoU with major infrastructure firm

Carbon Pulse - Wed, 2023-02-22 16:57
The Philippines’ Department of Environment and Natural Resources (DENR) has signed an MoU with a large domestic infrastructure company to reduce carbon emissions and manage biodiversity through a 1,800-hectare reforestation project.
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Indonesia launches long-awaited carbon trading scheme for its coal-fired power sector

Carbon Pulse - Wed, 2023-02-22 16:15
Indonesia’s Ministry of Energy and Mineral Resources on Wednesday launched its planned power sector carbon trading scheme, as part of its efforts to cut the country’s greenhouse gas emissions.
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Today’s climate activist ‘criminals’ are tomorrow’s heroes: silencing them in court is immoral | George Monbiot

The Guardian - Wed, 2023-02-22 16:00

It’s not ‘the whole truth and nothing but the truth’ if campaigners cannot explain their motivations to a jury

To tell “the truth, the whole truth and nothing but the truth”: this is the oath defendants in an English court must take. But when David Nixon sought to do so, he was sent to jail.

Nixon, who had taken part in an Insulate Britain protest blocking a junction in the City of London, was on trial for causing a public nuisance, a charge that carries a maximum sentence of life imprisonment. He sought to explain his motivation to the jury. But the judge, Silas Reid, had instructed the defendants not to mention their reasons for taking action: namely climate breakdown, fuel poverty and the need for better insulation. When Nixon disregarded this instruction, Reid handed him an eight-week jail sentence for contempt of court.

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UK’s £450m boiler upgrade scheme is failing to deliver

The Guardian - Wed, 2023-02-22 16:00

Only a third of low-carbon heating scheme’s annual budget has been used since launch in May 2022

A scheme to encourage UK households to upgrade their gas boilers to heat pumps and other low-carbon alternatives is failing to deliver after suffering a “disappointingly low” take-up, a parliamentary report has said.

Members of the House of Lords environment and climate change committee have written to ministers urging them to boost the profile of the £450m boiler upgrade scheme, after discovering just a third of its annual budget had been used since its launch last May.

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