CP Daily: Wednesday December 4, 2024

Published 03:33 on December 5, 2024  /  Last updated at 03:33 on December 5, 2024  /  Newsletters

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

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Biochar-based potting mix startup raises $3.6 mln in seed round

Published 02:58 on December 5, 2024  /  Last updated at 02:58 on December 5, 2024  /  Americas, Nature-based, US, Voluntary

A New York-headquartered sustainable soil company offering biochar alternatives to peat-based potting mixes has announced the completion of a $3.6-mln seed funding round aimed at transforming the horticulture industry through carbon-negative solutions.

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ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds

Published 02:00 on December 5, 2024  /  Last updated at 15:48 on December 4, 2024  / /  Asia Pacific, Carbon Taxes, Nature-based, Other APAC, Voluntary

The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.

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INTERVIEW: White House guidance needed for regulators considering AI growth

Published 01:30 on December 5, 2024  /  Last updated at 01:30 on December 5, 2024  / /  Americas, US

Energy regulators need more guidance when considering the opportunities and challenges of artificial intelligence (AI) on grid reliability, a former chair of the US Federal Energy Regulatory Commission (FERC) told Carbon Pulse.

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CORSIA market liquidity hinges on Article 6 alignment by eligible carbon standards -report

Published 01:27 on December 5, 2024  /  Last updated at 01:27 on December 5, 2024  / /  Aviation/CORSIA, Climate Talks, International, Paris Article 6, Voluntary

New CORSIA-eligible carbon standards under the UN’s aviation offsetting scheme will likely enhance liquidity in this credit-strapped market – but only if emission units comply with Article 6 requirements, and if participating countries institute “correct and balanced” incentives and penalties, as per a report published Wednesday by an international project developer.

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Mining industry faces tough road to decarbonisation amid surging demand for critical minerals -report

Published 00:22 on December 5, 2024  /  Last updated at 00:22 on December 5, 2024  /  Americas, Asia Pacific, EMEA, International

The global mining industry faces a steep challenge in its efforts to decarbonise, with emissions reductions falling far short of targets needed to align with international climate goals, according to a new report.

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Stakeholders make final case for OCFP changes ahead of vote on approval 

Published 00:10 on December 5, 2024  /  Last updated at 00:10 on December 5, 2024  / and /  Americas, RINs & LCFS, US

The final draft of Oregon’s Clean Fuels Program (OCFP) requires numerous refinements to better support businesses and drive investments for low carbon initiatives, industry voices told the state’s Department of Environmental Quality (DEQ).

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Carbon removal buyers club signs offtake agreement with South American biochar developer

Published 00:01 on December 5, 2024  /  Last updated at 16:28 on December 3, 2024  / /  Americas, Asia Pacific, EMEA, Japan, South & Central, Voluntary

A carbon removal buyers club on Thursday announced a multi-year CDR purchase agreement with a South American biochar producer.

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Energy professionals sceptical UK will hit climate targets

Published 00:01 on December 5, 2024  /  Last updated at 15:33 on December 3, 2024  / /  EMEA, UK ETS

Most energy professionals in the UK believe the country will fail to hit its climate targets, casting doubt over the government’s flagship policy to decarbonise the electricity grid by 2030, a survey has found.

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State of Colima approves second-highest CO2 tax in Mexico

Published 23:31 on December 4, 2024  /  Last updated at 23:31 on December 4, 2024  / /  Americas, Carbon Taxes, Mexico

The Mexican state of Colima approved a new carbon tax Tuesday, making it the ninth state in the country to adopt such a policy.

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