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Australia introduces Net Zero Economic Authority bill, commits A$189 mln in funding

Carbon Pulse - Wed, 2024-03-27 17:27
The Australian Labor government on Wednesday introduced legislation to set up the Net Zero Economic Authority (NZEA), which will oversee the country’s transition to net zero emissions, and has committed A$189 million ($123 mln) to its establishment.
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German marketplace inks large biochar carbon removal deal with Bolivian developer

Carbon Pulse - Wed, 2024-03-27 17:00
A developer of biochar-based carbon removals in Bolivia has signed a deal with a German marketplace startup to supply 81,600 of tonnes to the platform, the companies announced on Wednesday, among the largest deals done so far in the sector.
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Phase ACCUs out of Safeguard Mechanism, expand coverage to electricity sector, report urges

Carbon Pulse - Wed, 2024-03-27 16:56
A report released Wednesday has called on the Australian government to strengthen the Safeguard Mechanism by expanding its coverage to the electricity sector, as well as to bar Australian Carbon Credit Units (ACCUs) from being used for compliances purposes.
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Africa biodiversity advisor warns against relying too heavily on private financing, credit markets

Carbon Pulse - Wed, 2024-03-27 15:48
Relying on private financing such as environmental credits as the main means to scale funding of nature could be "a risky strategy", a top advisor to African biodiversity negotiators said Tuesday.
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Three of UK’s top five bamboo loo roll brands made from other wood

The Guardian - Wed, 2024-03-27 15:00

Some ‘ecologically sound’ brands contain as little as 2.7% of the eco-friendly paper alternative

In the bathrooms of the ecologically conscious, bamboo toilet paper is the new bottom line – a supposedly green alternative to the bog-standard pulp-based loo roll that requires the chopping down of 1m trees a year, just to be flushed down the pan.

But new findings from consumer watchdog Which? will wipe away that smug feeling: samples of three out of the five of the UK’s top bamboo brands were actually made from other woods, some of them heavily implicated in deforestation.

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Hong Kong-based airline sets 2030 carbon intensity target, expands SAF use

Carbon Pulse - Wed, 2024-03-27 13:16
A Hong Kong-headquartered airline has set a new carbon intensity target for 2030, with plans to expand the use of sustainable aviation fuel (SAF) to support its climate goals.
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Study raises fresh doubts on Australian human-induced regeneration projects, ACCU price sinks

Carbon Pulse - Wed, 2024-03-27 13:12
A peer-reviewed paper has cast further doubt on human-induced regeneration (HIR) projects in Australia, finding that a large portion of pre-2022 projects are non-additional, while highlighting the politically-charged nature of the country’s carbon market.
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£5bn Thames super sewer set for completion

BBC - Wed, 2024-03-27 11:43
The 16-mile tunnel across central London will capture raw sewage that would have spilled into the river.
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POLL: EU ETS emissions seen down a record 14% in 2023

Carbon Pulse - Wed, 2024-03-27 11:30
Verified emissions covered under the EU ETS likely fell by a record 14% year-over-year in 2023, according to a poll of 13 analysts.
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These extraordinary Australian islands are teeming with life – and we must protect them before it’s too late

The Conversation - Wed, 2024-03-27 11:14
A new report has found the marine reserve covering the Heard and McDonald islands must urgently be expanded. Ian Cresswell, Adjunct professor, The University of Western Australia Andrew J Constable, Adviser, Antarctica and Marine Systems, Science & Policy, University of Tasmania Keith Reid, Honorary Research Associate, Institute for Marine and Antarctic Studies, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
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Continued capacity expansion hampers China’s shift to greener steel -report

Carbon Pulse - Wed, 2024-03-27 11:00
Continued aggressive spending on new production capacity, alongside plummeting profitability, has made China's steel sector financially vulnerable and hampered the industry-wise shift to greener furnaces, a report has found.
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BC utility cannot provide 100% renewable gas to all new homes, faces separate greenwashing lawsuit

Carbon Pulse - Wed, 2024-03-27 10:18
A British Columbia regulator rejected a provincial utility's proposal to provide 100% renewable natural gas (RNG) to all new homes at subsidised rates, while an environmental non-profit took the company to court on Tuesday for alleged greenwashing.
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Canada-based offset developer hires European carbon market expert to head trading desk

Carbon Pulse - Wed, 2024-03-27 09:14
A Canada-based offset project developer has hired a European carbon market expert to lead its trading desk.
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‘Tone-deaf’ fossil gas growth in Europe is speeding climate crisis, say activists

The Guardian - Wed, 2024-03-27 09:00

Just 2% of continent’s gas capacity has planned retirement date despite pledges to decarbonise, study shows

Europe’s “tone-deaf” expansion of fossil gas is accelerating climate breakdown and increasing reliance on hostile regimes, campaigners have warned.

Just four of Europe’s gas-fired power plants have a retirement plan and new projects will increase the continent’s gas generation capacity by 27%, according to analysis from the campaign group Beyond Fossil Fuels.

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