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EU green steel scale-up is stymied by higher cost of materials, study finds

Carbon Pulse - Fri, 2024-05-03 00:57
The high price of cleaner materials is threatening the economic viability of producing green steel in Europe, requiring far higher taxes or incentives to drive the shift from grey steel, or more imports of iron ore, according to research published on Thursday. 
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Mengniu releases dairy industry’s first nature-related report based on TNFD recommendations

Carbon Pulse - Thu, 2024-05-02 23:25
A Chinese dairy giant has become the first company in the industry to release its nature-related information disclosure on risks and impacts based on the Taskforce on Nature-related Financial Disclosures (TNFD) guidelines, the firm announced Thursday.
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Shell urges shareholders to vote down tougher Scope 3 emissions targets as it unveils bumper oil and gas profits

Carbon Pulse - Thu, 2024-05-02 23:17
Shell unveiled Thursday better than-expected profits of $7.7 billion in the first quarter, and announced it would buy back $3.5 bln worth of shares over the next three months, as it sought to ward off a showdown with investors over its Scope 3 emissions.
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Mismatch in Rimba Raya forestry concession licence, carbon accounting area size not addressed in verification report

Carbon Pulse - Thu, 2024-05-02 23:09
Controversy continues to surround the Rimba Raya Biodiversity Reserve project after Verra was unable to comment on a mismatch in the project boundary and forestry licence area, which was reportedly cited by the Indonesian government as a reason for cancelling the contract of the concession holder for the giant REDD+ project.
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‘Key things have changed’ in Article 6 negotiations since COP28, says lead UK negotiator

Carbon Pulse - Thu, 2024-05-02 22:51
The UK’s lead negotiator on Article 6 carbon markets negotiations has said that key aspects of the negotiations have changed in the months since parties failed to reach an agreement last December at COP28 in Dubai.
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Assessments of biodiversity impacts of corporate carbon credits revealed

Carbon Pulse - Thu, 2024-05-02 22:26
US corporations Delta Air Lines and Chevron are among the companies purchasing low percentages of carbon credits associated with stronger biodiversity scores, according to a study that relies on a new metric.
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Global carbon capture tech “prohibitively expensive”, Indian companies should use domestic solutions instead -official

Carbon Pulse - Thu, 2024-05-02 22:00
Carbon capture technologies offered by foreign companies are prohibitively expensive, however, the use of domestic technologies can help Indian companies bring down the costs of decarbonisation drastically, an official told a webinar Thursday.
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ANALYSIS: More nature-related shareholder proposals trigger corporate resistance

Carbon Pulse - Thu, 2024-05-02 21:36
Investor interest in nature has ramped up in this year’s voting season, boosted by some of the first calls for standard-aligned biodiversity disclosures, with financiers hailing a surge in awareness despite more corporate resistance.
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Agri-carbon investor adds 300k hectares in Ukraine to voluntary credit programme

Carbon Pulse - Thu, 2024-05-02 21:24
A European climate tech investor, specialising in decarbonising agriculture, has added 300,000 hectares of farmland in western and central Ukraine to its carbon programme, which will then be certified for voluntary soil-based credits from more sustainable practices.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-05-02 21:22
European carbon prices jumped sharply on Thursday morning, following a leap in natural gas prices, as speculative traders were said to be further reducing their short positions in carbon after Wednesday's Commitment of Traders data showed investment funds had trimmed their overall bearish bets for a third week in a row.
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Big River Watch: public to monitor UK and Irish rivers for pollution

The Guardian - Thu, 2024-05-02 20:55

Rivers Trust is asking citizen scientists to record observations of local waterways on free app

People in Britain and Ireland are being asked to monitor their local rivers for pollution so a leading water charity can measure the scale of the sewage crisis.

The Rivers Trust is this week launching the Big River Watch, asking people to record observations of their local rivers on a free app. The results will be made available through an interactive dashboard, and will help the organisation, as well as individuals and communities who can all access the data, to take action to improve rivers.

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ANALYSIS: ‘Old habits die hard’ as polluters continue to surrender EUAs in April despite deadline shift

Carbon Pulse - Thu, 2024-05-02 20:21
Compliance entities have continued to surrender large volumes of European carbon allowances in April despite the deadline moving to the end of September this year, with analysts attributing this to a case of 'old habits die hard' given the limited finanical benefit for giving up the permits in advance.
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World could miss Paris temperature target by factor of 100% -report

Carbon Pulse - Thu, 2024-05-02 19:51
The world is far off track to keep warming to 1.5C above pre-industrial levels or the temperature needed to avoid catastrophic climate change, according to research released Thursday.
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Korean tech firm launches carbon verification services, supports exporters to meet EU data disclosure rules

Carbon Pulse - Thu, 2024-05-02 19:42
The tech arm of a South Korean conglomerate has launched verification services to help domestic emitters cope with tighter data disclosure requirements proposed by the EU, it announced Thursday.
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PepsiCo biodiversity disclosure proposal receives 18% of votes

Carbon Pulse - Thu, 2024-05-02 19:07
Approximately 18% of shareholders at drinks giant PepsiCo voted in favour of a resolution to disclose its biodiversity impacts on Wednesday, Carbon Pulse has learned.
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ICVCM decision on first eligible voluntary carbon methodologies delayed til June as Verra, ART get nod of approval

Carbon Pulse - Thu, 2024-05-02 18:00
Verra and ART TREES have become the latest standard bodies to pass the Integrity Council for the Voluntary Carbon Market (ICVCM)'s conditions for eligibility, but the first approval of methodologies for the Core Carbon Principles (CCPs) stamp has been delayed until June as experts grapple with fresh complexities.
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Australia developing savanna fire management ACCU method that credits sequestration for the first time

Carbon Pulse - Thu, 2024-05-02 16:18
The Australian government is developing two new savanna fire management (SFM) method proposals, including one that will propose to credit sequestration in living vegetation for the first time, a department spokesperson confirmed to Carbon Pulse.
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