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COP16: Governments pledge $165 mln to GBF Fund

Carbon Pulse - Tue, 2024-10-29 14:03
Eight governments on Monday pledged a total $163 million in new funding for the Global Biodiversity Framework Fund (GBFF), taking the total amount committed to the fund to just below $400 mln, less than 2% of what developed nations have promised to contribute by the end of next year.
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Warming will worsen global economic divide by disrupting forest ecosystems, researchers warn

Carbon Pulse - Tue, 2024-10-29 13:00
Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.
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ANALYSIS: RGGI’s Third Program Review modelling updates under fire

Carbon Pulse - Tue, 2024-10-29 11:53
RGGI states released feedback on proposed programme review changes, with compliance entities questioning modelling inputs, leakage considerations, and consumer impacts of higher ambition, while investors and environment justice groups pushed back against cost containment plans and delayed implementation.
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RGGI Market: RGAs inch lower amidst illiquidity, programme review muddles

Carbon Pulse - Tue, 2024-10-29 11:44
RGGI allowance (RGA) dipped downwards over the last week as activity remained muted, with the market continuing to await clarity on proposed programme review updates.
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ANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote

Carbon Pulse - Tue, 2024-10-29 11:43
California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.
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Let’s be clear, Peter Dutton’s energy plan is more focused on coal and gas than it is on nuclear power | Adam Morton

The Guardian - Tue, 2024-10-29 11:43

It seems reasonable to call the Coalition’s policy what it primarily is: a proposal to expand fossil fuels

Some news you may not have clocked last week while the focus was on important things like a royal tour: 44 of the world’s top climate scientists, including four decorated Australian professors, released an open letter warning that ocean circulation in the Atlantic is at serious risk of collapse sooner than was previously understood.

They said a string of studies suggested the Intergovernmental Panel on Climate Change, a body backed by nearly 200 countries, had greatly underestimated the possibility that the Atlantic meridional overturning circulation – or Amoc, a system of ocean currents that brings heat into the northern Atlantic west of Britain and Ireland – could in the next few decades reach a point at which its breakdown was inevitable. The cause? Rising greenhouse gas emissions.

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PhD student finds lost city in Mexico jungle by accident

BBC - Tue, 2024-10-29 10:39
The city is the size of Edinburgh and among the largest Mayan sites in ancient Latin America.
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Biogas tech provider acquires dMRV firm

Carbon Pulse - Tue, 2024-10-29 10:06
A biogas technology provider serving the agricultural sector has acquired a digital MRV firm.
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Canada Growth Fund proposes to fund major CCS project in Alberta oilsands -media

Carbon Pulse - Tue, 2024-10-29 09:30
Canada’s C$15 billion ($10.9 bln) public investment fund has made an offer to finance carbon capture and storage (CCS) technology for the fossil fuel industry, media reported Monday.
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Significant market opportunity for biodiversity-centred agricultural carbon projects in LATAM, Caribbean -report

Carbon Pulse - Tue, 2024-10-29 09:18
Carbon credit projects that centre biodiversity in the agricultural sector of Latin America and the Caribbean (LAC) can attract broader investment and meet both climate and biodiversity targets, said a report authored by voluntary carbon market (VCM) proponents on Monday.
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MRV research funding should prioritise biomass sinking, enhanced rock weathering -study

Carbon Pulse - Tue, 2024-10-29 09:10
An October study attempts to shed light on how research and innovation funding for monitoring, reporting, and verification (MRV) should be prioritised for CO2 removal (CDR) projects.
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ESA unveils enhanced forest biomass maps to improve global carbon tracking, aid climate goals

Carbon Pulse - Tue, 2024-10-29 09:01
The European Space Agency (ESA) has released new global maps tracking above-ground forest biomass, calling it “a stable and open data source” for monitoring carbon stocks.
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Australian tech company launches carbon credit platform at Melbourne conference

Carbon Pulse - Tue, 2024-10-29 09:00
A new platform to add transparency to carbon credit purchases in Australia was launched Tuesday at the Climate Market Institute’s (CMI) Australasian Emissions Reduction Summit in Melbourne.
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