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New Zealand can make deep carbon cuts at home for next NDC, but needs early start, commission finds

Carbon Pulse - Fri, 2024-11-08 02:00
New Zealand can achieve substantial emissions cuts domestically for its 2031-35 Nationally Determined Contribution (NDC), reducing its reliance on international credits, but must start work already this decade, according to the independent Climate Change Commission (CCC).
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FEATURE: Traders, asset managers start to take action on EU ETS2 commercial risks

Carbon Pulse - Fri, 2024-11-08 01:13
Traders and asset managers appreciate the commercial risks attached to the EU’s new emissions trading scheme for road transport and heating fuels (ETS2) and are increasingly taking measures to mitigate its future impact, say industry sources.
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Nature-based solutions often overlook climate-biodiversity nexus, study says

Carbon Pulse - Fri, 2024-11-08 00:56
Nature-based solutions (NbS) projects must better consider the impacts of climate change on biodiversity, as temperature shifts in the long term are set to increasingly affect species conservation efforts worldwide, according to a recent paper.
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EU climate chief Wopke Hoekstra sails through Parliament confirmation hearing

Carbon Pulse - Fri, 2024-11-08 00:31
Wopke Hoestra will remain the EU's climate chief for the next five years, after committing to push for a 90% emissions reduction target for 2040 while emphasising the need to reconcile climate action and industrial competitiveness, in his confirmation hearing with the European Parliament on Thursday.
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From local pond to outback dunny, Australia’s biggest frog count is here – and researchers need your help

The Guardian - Fri, 2024-11-08 00:00

Annual FrogID week aims to collect thousands of recordings of country’s 250 frog species using downloadable smartphone app

They moan, hum, whistle and click, and can be found almost everywhere, from the neighbourhood pond to the most remote outback dunny.

From 8 to 17 November, people across the country are encouraged to participate in FrogID week, Australia’s biggest frog count. The annual event, now in its seventh year, aims to collect thousands of recordings via an app, with the data providing a snapshot of how frogs are faring across the country.

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Verra certifies first ARR carbon project in Europe

Carbon Pulse - Thu, 2024-11-07 23:55
A pan-European afforestation carbon project has become the first of its kind to be registered by Verra, it was announced Thursday.
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Major brands urge EU to stick to deforestation law’s original start date

Carbon Pulse - Thu, 2024-11-07 23:53
Over 50 companies have called on the European Parliament not to weaken the EU Deforestation Regulation (EUDR) through amendments, warning that the recently proposed delay could leave the law vulnerable to changes that would undermine its impact on deforestation.
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ICVCM still assessing cookstove carbon methodologies for CCP status, REDD+ announcement imminent

Carbon Pulse - Thu, 2024-11-07 23:47
Discussions around clean cooking methodologies are still ongoing at the Integrity Council for the Voluntary Carbon Market (ICVCM), Carbon Pulse has learned, likely pushing to next month the decision that will determine which credits in the sector will be eligible for the Core Carbon Principles (CCPs) high-integrity badge.
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Carbon market standard setter recommends crediting bodies connect with CAD Trust

Carbon Pulse - Thu, 2024-11-07 23:18
A global standard-setting organisation for carbon markets in a statement Thursday recommended that crediting programmes connect to the World Bank-backed Climate Action Data Trust (CAD Trust).
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Amazon deforestation falls by over 30%, records largest drop in 15 years  

Carbon Pulse - Thu, 2024-11-07 23:15
Deforestation in Brazil’s Amazon fell by more than 30% between Aug. 2023 and July 2024, marking the most significant percentage drop in 15 years, according to government data. 
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Trump voters want a revolution. It’s time for progressives to offer their own | George Monbiot

The Guardian - Thu, 2024-11-07 23:00

People have never been swayed by ‘rational debate’. Only a genuine change in the way we do politics can prevent the march of the right

We were losing slowly. Now we are losing quickly. Democracy, accountability, human rights, social justice – all were rolling backwards as money swarmed our politics. Above all, our life-support systems – the Earth’s atmosphere, oceans, ecosystems, ice and snow – have been hammered and hammered, regardless of who is in power. Donald Trump might strike the killer blows, but he is not the cause of an ecocidal economic system. He is the embodiment of it.

Under Joe Biden, the US was missing its own climate goals, and those goals were insufficient to meet the global objective of limiting heating to 1.5C above preindustrial levels. That target in turn might not be tight enough to prevent a tipping of Earth systems. Already, at roughly 1.3C of heating, we see what looks alarmingly like climatic flickering: the ever wilder perturbations that tend to precede the collapse of a complex system.

George Monbiot is a Guardian columnist

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Nature mapping company launches project insights platform for greater transparency

Carbon Pulse - Thu, 2024-11-07 23:00
A provider of audit-grade nature mapping insights has launched an online project insights platform to offer tracking of project performance and greater transparency into impact claims.
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Boardrooms increasingly fret about reaching net zero despite political backlash, finds survey

Carbon Pulse - Thu, 2024-11-07 22:49
Momentum for net zero is building in the boardroom and leaders are refusing to abandon their plans, finds a survey of US and UK executives, despite a growing political backlash against the cost and pace of the green revolution that is expected to only intensify after the election of Donald Trump to the White House.
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Australian bank cuts fossil funding, but accused of leaving “giant” loophole

Carbon Pulse - Thu, 2024-11-07 22:48
The third Climate Report released Thursday by one of Australia’s top four banks showed it has cut more money for fossil fuels developers, but an activist shareholder group said it still has loopholes.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-11-07 22:23
EU carbon prices firmed robustly on Thursday morning as energy markets initially strengthened on forecasts for cooler weather and modest renewable generation, before gas gave up almost all its gains on reports that Europe will have little difficulty sourcing supplies this winter.
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COP29 climate finance goal must include massive boost for adaptation, says UN report

Carbon Pulse - Thu, 2024-11-07 22:00
The new global finance goal that is due to be agreed at COP29 this month must include a massive boost for adaptation, according to a flagship UN report published on Thursday.
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AU Market: ACCU volumes surge as options drive derivatives market

Carbon Pulse - Thu, 2024-11-07 20:55
Volumes in Australia’s compliance credit market are on track to beat last year's by more than a third, and in October recorded its third-highest amount of trade of any month at 3.6 million Australian Carbon Credit Units (ACCUs), according to a report released Thursday.
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INTERVIEW: DAC credits can fall to $100/t, if projects offer something more, developer says

Carbon Pulse - Thu, 2024-11-07 20:39
The cost of direct air capture credits can drop to $100 per tonne in the near term, by equipping the technology to do more than just remove carbon from the atmosphere, the chief development officer of a decarbonisation solutions provider has told Carbon Pulse.
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COP29 PREVIEW: Political uncertainty clouds Article 6 outlook, with key carbon trade technicalities, crediting standards on the line

Carbon Pulse - Thu, 2024-11-07 19:45
Despite prior optimism for progress in Baku on UN carbon markets, political uncertainty following this week's US election result has dampened enthusiasm for a strong outcome on Article 6 at COP29, with multiple key technical elements of international carbon trade still to be clarified, as well as the thorny question of whether crediting standards brought into force ahead of the summit will be formally endorsed in Baku.
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VCM MONTHLY DATA: Highest October issuance, retirement levels for three years puts market on track for record year

Carbon Pulse - Thu, 2024-11-07 19:35
Last month saw the highest October figures for voluntary carbon credit retirements and issuances for three years, data analysed by Carbon Pulse shows.
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