Biodiversity Pulse: Thursday April 25, 2024

Published 16:51 on April 25, 2024  /  Last updated at 16:51 on April 25, 2024  / Carbon Pulse /  Biodiversity, Newsletters

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

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Only five local authorities in England prepared for biodiversity net gain agreements -law firm

Published 16:26 on April 25, 2024  /  Last updated at 16:26 on April 25, 2024  / Thomas Cox /  Biodiversity, EMEA

Just five local authorities in England out of the over 300 assessed are sufficiently prepared to enable the creation of conservation agreements for developers to meet biodiversity net gain (BNG) requirements, with delays likely, a law firm has said.

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Veteran carbon, energy sales trader moves on from Canadian bank after 15 years

Published 16:16 on April 25, 2024  /  Last updated at 16:16 on April 25, 2024  /  Americas, Bavardage, Canada, US

A veteran carbon and energy sales trader has left one of Canada’s big banks after more than 15 years of service, Carbon Pulse has learned.

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INTERVIEW: Strong social return on investment boosts REDD project in Tanzania 

Published 16:00 on April 25, 2024  /  Last updated at 16:00 on April 25, 2024  / Bryony Collins /  Africa, Americas, Asia Pacific, International, Nature-based, Voluntary

A REDD developer in Tanzania is seeking to boost the selling power of its avoided deforestation projects by assessing the social impact of investment.

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Drax refinances as it waits on government subsidies for BECCS plant

Published 15:56 on April 25, 2024  /  Last updated at 15:56 on April 25, 2024  / Paddy Gourlay /  EMEA, International, US, Voluntary

UK energy company Drax Group has completed a major refinancing plan to extend operations beyond 2027 as it waits on the government to decide on extra subsidies to retrofit its biomass plant with carbon capture technology, it announced Thursday.

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EU Parliament gives blessing to ETS-funded Net-Zero Industry Act

Published 15:28 on April 25, 2024  /  Last updated at 15:28 on April 25, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

The European Parliament gave its blessing on Thursday to plans aimed at producing 40% of the bloc’s annual needs for net-zero technologies domestically by 2030, thanks to funds partially coming from emissions trading revenues.

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Euro Markets: Midday Update

Published 15:17 on April 25, 2024  /  Last updated at 15:17 on April 25, 2024  / Alessandro Vitelli /  EMEA, EU ETS, UK ETS

Trading in European carbon allowances was markedly calmer on Thursday morning as prices moved in a relatively narrow range and volume was also noticeably lower than in recent days and weeks, as traders reported a slight decrease in the weight of selling pressure and natural gas prices also saw reduced volatility.

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NA100 launches benchmark with 50 metrics on corporate nature progress

Published 14:31 on April 25, 2024  /  Last updated at 14:31 on April 25, 2024  / Thomas Cox /  Biodiversity, International

A set of 50 metrics for investors to measure corporate progress on biodiversity action has been released by Nature Action 100 (NA100) in its benchmark.

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Public prefers nature-based to engineered carbon removals, study finds

Published 13:43 on April 25, 2024  /  Last updated at 13:44 on April 25, 2024  / Rebecca Gualandi /  Americas, China, Climate Talks, EMEA, EU ETS, International, Paris Article 6, Voluntary

Carbon removals based on nature-based solutions are generally preferred to engineered approaches amongst the general public in 22 countries, according to a study published on Wednesday.

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Saudi Arabia’s carbon company to use Xpansiv technology for new VCM exchange

Published 13:26 on April 25, 2024  /  Last updated at 13:26 on April 25, 2024  / Paddy Gourlay /  EMEA, International, Voluntary

The Saudi Arabian company set up to drive voluntary carbon market growth has selected Xpansiv, the owner of the CBL marketplace, to provide the technology infrastructure for its carbon credit exchange.

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