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Mining a key driver of tree cover loss in tropical primary rainforests, Indigenous land -report

Carbon Pulse - Wed, 2024-10-23 23:40
Mining has increased by 52% since the turn of the century due to surging demand for metals and minerals, exerting an outsized impact on tree cover loss in tropical primary rainforests and in Indigenous and local community territories, according to a new report by a non-profit.
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COP16: Less than $1 mln of biodiversity credits purchased, BloombergNEF says

Carbon Pulse - Wed, 2024-10-23 23:05
Under $1 million in biodiversity credits have been purchased, despite surging supply, with the figure dwarfed by biodiversity offsets, BloombergNEF said on Tuesday in a report set to launch at conference COP16 this week.
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‘We don’t know where the tipping point is’: climate expert on potential collapse of Atlantic circulation

The Guardian - Wed, 2024-10-23 23:00

Oceanographer Stefan Rahmstorf explains why Amoc breakdown could be catastrophic for both humans and marine life

The dangers of a collapse of the main Atlantic Ocean circulation, known as Amoc, have been “greatly underestimated” and would have devastating and irreversible impacts, according to an open letter released at the weekend by 44 experts from 15 countries. One of the signatories, Stefan Rahmstorf, an oceanographer and climatologist who heads the Earth system analysis department at the Potsdam Institute for Climate Impact Research in Germany, explains here why he has recently upgraded his risk assessment of an Amoc breakdown as a result of global heating – and what that means for Britain, Europe and the wider world.

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Area bigger than US needed for CDR commitments, with size growing, finds paper

Carbon Pulse - Wed, 2024-10-23 22:35
A billion of hectares of land, bigger than the size of the US, is needed to meet the carbon removal (CDR) commitments by countries in Paris Agreement pledges, finds analysis.
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Plan to put solar panels on all new English homes could be scrapped

The Guardian - Wed, 2024-10-23 22:27

Long-delayed regulations may ‘encourage’ housebuilders to equip homes with solar panels, rather than requiring them

Labour is considering making solar panels optional on new homes in England, after pressure from housebuilders, in a move that would weaken low-carbon regulations, the Guardian has learned.

Ministers are preparing to publish long-delayed regulations for new homes, known as the future homes standard, which would ensure that all newly built homes are low-carbon.

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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-10-23 21:38
European carbon allowances erased the last five days' losses after a steep mid-morning rally on Wednesday triggered by some closing out of short positions, as the weekly positions data showed investment funds had only marginally added to their bearish bets.
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In written statement to Parliament, EU climate chief sheds light on bloc’s future priorities

Carbon Pulse - Wed, 2024-10-23 21:36
Commissioner-designate Wopke Hoekstra has sent responses in writing to EU lawmakers ahead of a confirmation hearing for his second term as the EU’s climate chief, shedding light on the bloc’s future climate priorities.
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EU invests almost €5 bln of ETS revenues into net-zero projects

Carbon Pulse - Wed, 2024-10-23 21:13
The European Commission has selected 85 innovative net-zero projects to receive €4.8 billion in grants from the Innovation Fund, which is supplied by revenues from the EU ETS.
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BRIEFING: Taiwan collects final piece in carbon levy jigsaw

Carbon Pulse - Wed, 2024-10-23 21:10
Taiwan has stepped into a new era of carbon pricing as the government this week finalised long-awaited carbon levy rates for the island's major emitters.
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Credit use flat in meeting emissions reductions, Australian regulator finds

Carbon Pulse - Wed, 2024-10-23 20:33
The latest report on emissions reduction by Australia’s Clean Energy Regulator (CER) found gross emissions are falling faster than net emissions and renewable energy generation is increasing, but the use of carbon credits is ‘flat’, balanced out by greater use of international credits and less of Australian Carbon Credit Units (ACCUs), which is “trending downwards”.
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Guardians of the Gibbons: can India save its only ape species from extinction?

The Guardian - Wed, 2024-10-23 19:56

For over a century the villagers of Barekuri, north-east India’s biodiversity hotspot, have coexisted with the country’s only ape species, the hoolock gibbon. But this harmony stands in fragile ecological balance. Mohit Chutia, a 55-year-old farmer and father, has been taking care of one gibbon family while raising his own. When researcher Ishika Ramakrishna arrives to study human-gibbon interactions, she joins forces with Mohit and the villagers to tackle the gibbons' urgent population decline, endangered by habitat loss, deforestation and industrial catastrophe

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Cop29 host Azerbaijan set for major fossil gas expansion, report says

The Guardian - Wed, 2024-10-23 17:00

Exclusive: Those with ‘interest in keeping world hooked on fossil fuels’ should not oversee climate talks, say report authors

Azerbaijan, the host of the Cop29 global climate summit, will see a large expansion of fossil gas production in the next decade, a new report has revealed. The authors said that the crucial negotiations should not be overseen by “those with a vested interest in keeping the world hooked on fossil fuels”.

Azerbaijan’s state-owned oil and gas company, Socar, and its partners are set to raise the country’s annual gas production from 37bn cubic metres (bcm) today to 49bcm by 2033. Socar also recently agreed to increase gas exports to the European Union by 17% by 2026.

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India open to add more carbon removals technologies to offset mechanism -official

Carbon Pulse - Wed, 2024-10-23 16:17
The Indian government is open to bringing in more carbon removal technologies under its offset mechanism, an official told Carbon Pulse on the sidelines of an event Tuesday.
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AI tool launched to help English farmers access carbon credits

Carbon Pulse - Wed, 2024-10-23 16:00
Farmers in England can more easily access tree-related grants and carbon credits through the use of an AI-powered tool, launched Wednesday.
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INTERVIEW: Carbon insurance startups ready to expedite CORSIA credit supply

Carbon Pulse - Wed, 2024-10-23 14:35
Carbon insurance startups are primed to help ease any supply bottleneck of carbon credits eligible for use against the CORSIA international aviation offsetting scheme, even though it may take a long time before units are made available to buyers due to UN political risk requirements.
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California EJAC demands ‘no’ vote on LCFS changes

Carbon Pulse - Wed, 2024-10-23 13:10
California’s Environmental Justice Advisory Committee (EJAC) has urged state regulator ARB to vote no on the proposed Low Carbon Fuel Standard (LCFS) revisions, citing concerns that the agency has completely disregarded their recommendations.
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Western Australia is tearing up environmental protections – and taking a bet the rest of the country won’t notice | Carmen Lawrence

The Guardian - Wed, 2024-10-23 13:06

The state Labor government is steering Australia’s climate policy, letting emissions soar unbridled as it paves the way for massive fossil fuel projects

Western Australia sometimes feels more than three hours behind the rest of the country.

The tyranny of our distance has always meant it’s been hard to get the attention of the east coast.

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Mickey the cockatoo rescued after four weeks 'living on brioche' in Sydney supermarket – video

The Guardian - Wed, 2024-10-23 12:24

A sulphur-crested cockatoo named Mickey that had been 'living on brioche' inside a Sydney supermarket for four weeks has been captured by wildlife services and is expected to be set free soon. On Tuesday morning, another cockatoo, Old Lady Doris, was taken into the supermarket by the Feathered Friends bird rescue director Ravi Wasan to comfort the lost bird, allowing Wasan to successfully capture him. Wasan said Mickey looked 'physically fine' and was not hungry because he was eating 'really well' in the supermarket. The NSW environment minister announced on Tuesday evening the bird had 'been safely captured by wildlife rescuers after spending way too long in Macarthur Square' shopping centre

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California’s LCFS to likely push retail fuel prices higher over the years, intensify environmental concerns -research

Carbon Pulse - Wed, 2024-10-23 11:40
California regulator ARB has yet to acknowledge the likelihood that the Low Carbon Fuel Standard (LCFS) would raise retail gas prices in the upcoming years or consider the environmental implications of its support for biofuels, an analysis released this month said.
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