CP Daily: Tuesday September 10, 2024

Published 05:08 on September 11, 2024  /  Last updated at 05:16 on September 11, 2024  /  Newsletters

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

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Major global policy shift urged to boost CO2 removal efforts, meet climate goals

Published 05:00 on September 11, 2024  /  Last updated at 05:00 on September 11, 2024  /  Americas, Asia Pacific, EMEA, Japan, US, Voluntary

Achieving billions of tonnes of CO2 removals needed to slow climate change will require substantial policy support across geographies and government levels, a new report has warned.

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British climate tech catalyst announces plans for the country’s largest biochar carbon removal project

Published 01:01 on September 11, 2024  /  Last updated at 01:06 on September 11, 2024  / /  EMEA, Nature-based, Voluntary

A British climate tech catalyst has announced plans to develop the country’s largest biochar carbon removal project, it said on Wednesday.

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Canada’s federal IFM offsets not eligible in provinces with similar compliance-linked protocols

Published 01:00 on September 11, 2024  /  Last updated at 01:00 on September 11, 2024  / /  Americas, Canada, Nature-based, Voluntary

Improved forest management (IFM) offsets through Canadian federal voluntary protocols under construction are not eligible for use in provinces that have similar active protocols, environment ministry officials said in a webinar Tuesday.

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Alberta flags CCS offset protocol for update

Published 00:56 on September 11, 2024  /  Last updated at 00:56 on September 11, 2024  / /  Canada

A carbon capture and storage (CCS) Alberta emission offset protocol was flagged Monday by the provincial environment ministry, effectively pausing project development.

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Canadian economy will fall behind if climate policy uncertainty persists, experts say

Published 00:24 on September 11, 2024  /  Last updated at 00:24 on September 11, 2024  / /  Americas, Canada, EMEA, International, US

Despite Canada’s portfolio of climate regulations, the ongoing lack of climate finance policy is a risk to the Canadian economy, particularly as other jurisdictions advance on their efforts, experts said on a webinar Tuesday.

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California defends clean vehicle standard authority against SCOTUS appeal

Published 22:30 on September 10, 2024  /  Last updated at 22:30 on September 10, 2024  / /  Americas, US

California filed a brief Monday in the US Supreme Court (SCOTUS) urging that it toss out an appeal by Republican states and energy industry interests to overturn the state’s longstanding authority to set clean vehicle standards stricter than federal equivalents.

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Coca-Cola, Bayer plow $1 mln into LATAM climate fund

Published 22:13 on September 10, 2024  /  Last updated at 22:13 on September 10, 2024  / /  Americas, Mexico, Nature-based, South & Central, Voluntary

Coca-Cola and the Bayer Foundation are backing a new climate fund with a total $1 million investment that aims to invest in 350 projects across Latin America and the Caribbean.

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South Carolina AG sides with oil industry in climate-related lawsuit

Published 22:00 on September 10, 2024  /  Last updated at 22:00 on September 10, 2024  / /  Americas, US

South Carolina’s Attorney General (AG) has backed oil and gas firms in a lawsuit brought by a city that seeks compensation from fossil fuel companies for the impacts of their alleged climate deception and environmental negligence.

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Canadian investment firm makes first SAF plunge with $1.1 bln backing

Published 20:54 on September 10, 2024  /  Last updated at 20:54 on September 10, 2024  / /  Americas, Aviation/CORSIA, Canada, Nature-based, RINs & LCFS, US, Voluntary

A major Canadian investment company announced its first foray into sustainable aviation fuels Tuesday with a $1.1 billion investment in a Californian low-carbon electrofuels (efuels) developer.

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