Wednesday, September 23, 2020

‘20.08.31~’20.09.06 World’s first ‘carbon-capture at sea’ set for shipping trials

...Japanese shipbuilding giant Mitsubishi announced on Monday (31 August) that it will build and test a carbon-capture system for ships, aimed at significantly reducing the emissions of the maritime sector....In 2018, members of the International Maritime Organisation agreed to club together and work towards a 50% cut in emissions by mid-century. Technologies like hydrogen, ammonia and even...

EUが水素社会へのシフトを宣言。2030年までに1000万トンの再生可能水素生産を目指す (20.08.10~20.08.16)

…2020年7月8日、EU(欧州連合)が『A Hydrogen Strategy for a climate neutral Europe 』という宣言を発表しました。意訳すると「欧州が気候変動に対応するための戦略として水素を重視する」といったところでしょうか。...まず2020~2024年までに6ギガワットの電力を使い100万トンのリニューアブル水素を生み出す計画としています。続いて、2025~2030年には40ギガワットで1000万トンの水素を生産することを目指します。そうして2030年以降は、主たるエネルギーを水素としてCO2フリーの社会を築くというのが目標です。… An excerpt fromhttps://clicccar.com/2020/08/16/1003574/ - 20.08.10 (Mon.). Arctic wildfires emit more CO2 in two months than whole of 2019 | Dhaka Tribunehttps://www.dhakatribune.com/world/2020/08/09/arctic-wildfires-emit-more-co2-in-two-months-than-whole-of-2019 - 20.08.11 (Tue.). Australia sets out plans to store CO2 in oil and gas reservoirs - Energy Live Newshttps://www.energylivenews.com/2020/08/10/australia-sets-out-plans-to-store-co2-in-oil-and-gas-reservoirs/. BASF calculates...

CO2 price of €200 for EU net zero: Shell (20.05.04 ~ 20.05.17)

… "Our analysis assumes a rising carbon pricing mechanism — whether explicit or implicit — to more than €200/t CO2 equivalent (CO2e) by 2050 to deliver and sustain the emission cuts and CO2 management necessary for the EU to reach climate neutrality," Shell said today. This is well above...

Climate and the $2 Trillion Stimulus Package (20.03.23 ~ 20.03.29)

... The measure does not include $3 billion for the government to buy oil and fill the Strategic Petroleum Reserve, a provision sought by Republicans and President Trump. But it also does not have an extension of federal tax credits for wind and solar energy that Democrats had tried to...

MSCI to acquire Carbon Delta

Founded in 2015, Carbon Delta is a global leader for climate change scenario analysis. Together, MSCI and Carbon Delta will create an extensive climate risk assessment and reporting offering for the institutional market, providing global investors with solutions to help them better understand the impact of climate change on their investment portfolios and comply with mandatory and...

British Steel gets £100m government loan to pay carbon bill

British Steel has secured a £100m loan from the government to pay its EU carbon bill, a source close to the company has said. The money means the private equity-owned firm will avoid a steep EU fine. The firm said earlier this month it needed the funds to settle its 2018 pollution bill due at the end of April.... An excerpt from...

Members of the European Parliament urge California to exclude REDD from its cap and trade scheme: “Adopting the Tropical Forest Standard would water down climate ambition in California, the...

Last week, six Members of the European Parliament wrote to the California Air Resources Board urging the ARB to reject the proposed California Tropical Forest Standard. In November 2018, the ARB held a public meeting about the proposed Tropical Forest Standard. But the Board failed to reach a decision at that meeting. The EU has never allowed forest credits in...

New PostCO₂ price debate gathers speed within German grand coalition

More and more politicians from German Chancellor Angela Merkel’s grand coalition are showing openness to the idea of introducing a price on CO₂ and have entered a debate about its possible form and details, writes Konrad Schuller in Frankfurter Allgemeine Sonntagszeitung. While economy minister Peter Altmaier had long insisted the concept was not on the government’s agenda for this...

Wolf says regional cap-and trade plan needs ‘serious’ look

Governor Tom Wolf said Monday he wants to take a serious look at Pennsylvania joining a consortium of states that sets caps on greenhouse gas emissions from power plants. The Democrat's comments came at a news conference touting his administration's efforts to fight climate change and set targets to slash Pennsylvania's future greenhouse gas emissions. Wolf's administration has previously issued a...

CDFA and Air Resources Board launch public-private partnership to advance carbon farming

SACRAMENTO – The California Department of Food and Agriculture and the California Air Resources Board are announcing the launch of a public-private initiative to advance climate smart agriculture and reduce greenhouse gas emissions on agricultural lands. This partnership will create a mechanism for leading businesses in the food and fiber supply chain to directly fund climate projects on California...

KEPCO to bear the brunt of soaring Korean CO2 prices

South Korean carbon prices rose to fresh record highs on Friday, leaving state-owned utility KEPCO to pick up the bill as the firm is obligated to compensate power companies for the CO2 allowances they have to buy.... An excerpt from Carbon Pulse

EU Plans Forestry ‘Carbon Farming’ to Meet Carbon-Neutral Goal

The European Commission is drawing up a “carbon farming” plan that will financially reward farmers and forest managers that restore abandoned land, to help the European Union achieve its Paris Agreement climate goals. EU Energy and Climate Commissioner Miguel Canete , speaking at an EU forestry conference, said the carbon farming plan would be outlined later in 2019 as a...

French low-carbon label plants seeds of agricultural and forestry transition

Created by a decree adopted on 28 November 2018, the low-carbon label was officially presented to the Ecological Transition Ministry on 23 April. Its aim is to encourage the development of projects that reduce and sequester greenhouse gas emissions. The label intends to promote these projects throughout the country, regardless of whether companies, local authorities, associations or even individuals are...

California defends decision to maintain post-2020 ETS caps as it confirms surplus volume

California regulator ARB defended its decision to maintain the current emissions cap trajectory of its WCI-linked ETS to 2030, despite confirming that there were more than 218 million surplus compliance units at the end of the market’s second compliance period, according to a letter sent to legislators Tuesday.... An excerpt from Carbon Pulse

Guangdong carbon market closes higher

Carbon emissions allowances closed at 22.49 yuan (3.35 U.S. dollars) per tonne on Wednesday, 0.13 percent up from Tuesday, at the China Emissions Exchange (Guangzhou), the largest local carbon market in China. The allowances, officially known as Guangdong Emissions Allowances (GDEA).. Since its opening in December 2013, the market has traded 112.13 million tonnes of GDEA, with a total turnover...

Virginia completes rule to allow trading with RGGI

Virginia air regulators have finalized a regulation that imposes a declining cap on carbon emissions from the state's utilities and is intended to allow trading with the Regional Greenhouse Gas Initiative (RGGI) cap-and-trade program in the Northeast and Mid-Atlantic. However, Gov. Ralph Northam (D) is facing pressure to issue a line-item veto of a GOP-authored provision in the state...

NHL to purchase carbon offsets to counter playoff air travel

The National Hockey League said on Monday it would purchase carbon credits to offset airline emissions of heat-trapping greenhouse gases during the Stanley Cup playoffs. For the first round of the playoffs, which has the highest number of teams traveling and is currently underway, the NHL will offset more than 465 metric tons of carbon emissions, equivalent to taking 99...

How Bird is working to make its scooters a truly sustainable transportation option

The scooter company Bird wants to make urban transportation more sustainable by replacing short car trips in cities. But this goal is made more difficult because the company has its own sustainability challenges: the pollution from trips taken to collect the electric scooters so that they can be charged, the power used for charging, and the short life of...

Delta Is Offsetting the Carbon Emissions From 300,000 Passengers for Earth Day

In honor of Earth Day, Delta Air Lines is offsetting the carbon impact of more than 300,000 passengers’ flights. The airline announced Monday that it would offset the carbon emissions of passengers flying on domestic routes out of New York, Boston, Seattle, Los Angeles, Raleigh-Durham and Atlanta on Earth Day.... An excerpt from Travel Leisure

Natural Habitat Adventures to Offset Carbon Emissions for All Travelers

In honor of Earth Day on April 22, 2019, Natural Habitat Adventures, the world's first 100-percent carbon-neutral travel company, will now offset the carbon emissions stemming from all its guests’ air travel as of 2019 – effectively counteracting approximately 20,000 metric tons (roughly 40 million pounds) of CO2 in a single year. The decision is expected to boost the company’s...

Buying international permits is a cheap way to cut emissions. It’s that simple

Labor has proposed using international permits as part of its climate policy measures to allow high-emitting businesses to reduce their pollution at least cost. Sticking with basic facts, using international permits to lower the costs associated with reducing pollution was something the Coalition said it was prepared do. So stay with me. The government that flagged using international permits, with a...

New Zealand wins cautious support for carbon credit plan

New Zealand’s ETS consultation process has drawn support for allowing ETS companies to buy a limited amount of carbon credits from abroad, but a significant minority want restrictions such as having the government make the purchases or banning international units outright.... An excerpt from Carbon Pulse

Landowners are earning millions for carbon cuts that may not occur

Under a California program aimed at curbing climate pollution, landowners across the US have received hundreds of millions of dollars for promised carbon dioxide reductions that may not occur. The state has issued carbon offset credits to projects that may overstate their emissions reductions by 80 million tons of carbon dioxide, a third of the total cuts that the state’s...

Finnish businesses set up ‘world’s first’ marketplace for carbon removal certificates

Puro is an internal start-up marketplace developed by Finnish electricity services firm Fortum. The company has been joined by 23 other organisations, mainly based in Finland, to create what it calls the “world’s first marketplace” for CO2 removal methods. The Puro marketplace is currently developing verification methodologies for atmospheric CO2 removal. Acting as a voluntary market mechanism, Puro will...

Brazil leverages carbon markets for poor farmers

A carbon market in Brazil’s Amazon rainforest is distributing revenues to farmworkers rather than landowners.... An excerpt from Partners for Sustainability

Ontario emissions declined during first year of now-defunct ETS, data shows

All three of Ontario’s largest emitting sectors saw their GHG output drop during the first year of the Canadian province’s now-cancelled cap-and-trade programme, according to government data....An excerpt from Carbon Pulse

‘Unrelenting and unhedgeable’: the EU’s largest emitter on Brexit’s carbon trading risks

The risks presented by Brexit to the largest emitting company in the EU ETS are unrelenting and unhedgeable, according to RWE Supply and Trading’s head of regulatory affairs....An excerpt from Carbon Pulse

Nations seek to shift gears on UN Article 6 carbon market talks

Governments are looking to change their approach on agreeing to a global rulebook for carbon markets in an effort to avoid a repeat failure that almost crashed the UN climate talks last year....An excerpt from Carbon Pulse

Nova Scotia ETS kicks off as first allowances distributed

"Nova Scotia allocated its first cap-and-trade permits on Monday following the start of its ETS on Jan. 1, though several design elements of the Canadian province’s programme are still to be determined over the coming year.... An excerpt from Carbon Pulse"