BHP on track to cut emission by 30% by 2030, says pathway to net zero not linear

Published 04:59 on June 26, 2024  /  Last updated at 04:59 on June 26, 2024  / Mark Tilly /  Asia Pacific, Australia, China, Other APAC

Anglo-Australian miner BHP is on track to achieve “at least” a 30% reduction in Scope 1 and 2 emissions by 2030, but says technology challenges mean its progress to reaching net zero emissions by 2050 will not be linear.

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CP Daily: Tuesday June 25, 2024

Published 03:31 on June 26, 2024  /  Last updated at 03:31 on June 26, 2024  / Carbon Pulse /  Newsletters

A daily summary of our news plus bite-sized updates from around the world.

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Advisory committee members oppose DEQ’s proposal to allow for-profits to serve as CCI entities

Published 03:24 on June 26, 2024  /  Last updated at 03:24 on June 26, 2024  / Bijeta Lamichhane /  Americas, US

Advisory committee members opposed the Oregon Department of Environmental Quality’s (DEQ) plans to allow for-profit companies to implement projects supported by Community Climate Investment (CCI) under the Climate Protection Program (CPP), at a meeting Tuesday.

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Trade group pitches US EPA to boost RFS volumes

Published 02:13 on June 26, 2024  /  Last updated at 02:13 on June 26, 2024  / Joan Pinto /  Americas, RINs & LCFS, US

A clean fuels trade group petitioned the US Environmental Protection Agency (EPA) on Tuesday to increase Renewable Fuel Standard (RFS) volumes for 2024 and 2025 based on actual production output.

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Brazilian police probe uncovers new carbon projects, plus hydroelectric, logging plans -media

Published 00:27 on June 26, 2024  /  Last updated at 00:27 on June 26, 2024  / Alejandra Padin-Dujon /  Americas, Nature-based, South & Central, Voluntary

An ongoing probe by the Brazilian federal police (PF) has uncovered new projects by a group already under investigation for suspected carbon fraud, and evidence has come to light that those involved also allegedly intended to install and operate hydroelectric plants illegally, as well as engage in illicit wood harvesting, according national media reports.

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State judge rejects effort to toss out Colorado local governments’ lawsuit against oil majors

Published 00:20 on June 26, 2024  /  Last updated at 00:20 on June 26, 2024  / Graham Gibson /  Americas, US

A Colorado state court judge denied on Friday requests to dismiss a lawsuit from a city and county seeking damages from fossil fuel firms for the impacts of climate change.

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Iowa regulators approve construction permit for CO2 pipeline

Published 20:29 on June 25, 2024  /  Last updated at 20:29 on June 25, 2024  /  Americas, US, Voluntary

The Iowa Utilities Board (IUB) on Tuesday approved an application for a construction permit of a proposed CO2 pipeline in the state.

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Virginia RGGI repeal challenge from green group proceeds on merits

Published 20:14 on June 25, 2024  /  Last updated at 20:14 on June 25, 2024  / Joan Pinto /  Americas, US

A new judge in a Virginia county circuit court ruled Monday that a green group’s case opposing the state’s withdrawal from the RGGI carbon market has standing to proceed with two claims moving forward.

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Use of renewables-based electricity can cut India’s heavy industry emissions by 17% -report

Published 19:31 on June 25, 2024  /  Last updated at 11:03 on June 25, 2024  / Nikita Pandey /  Asia Pacific, Other APAC

India can slash 17% of its carbon emissions from heavy industries by 2030 through the use of renewables, a report released Wednesday has found.

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Euro Markets: EUAs recover after testing technical low as UKAs rise the most in three weeks

Published 17:23 on June 25, 2024  /  Last updated at 17:27 on June 25, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

European carbon prices snapped a three-day losing streak on Tuesday, shrugging off an early decline to an eight-week low in early trading to rally above a technical resistance level in the afternoon, while natural gas moved higher even as TTF prices remain within their recent range and UKAs posted their largest gain in more than three weeks.

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