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Bolivia continues carbon markets U-turn, links up with US-based firm for baselining help

Carbon Pulse - Sat, 2024-11-16 18:23
Bolivia’s about-face on carbon markets continued this week as the government teamed up with a US-based environmental data platform for help measuring carbon stocks and emissions, aiming to unlock the country's domestic offering.
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Almost 500 carbon capture lobbyists granted access to Cop29 climate summit

The Guardian - Sat, 2024-11-16 17:14

More lobbyists for the controversial technology were present this year, despite debate about its viability

At least 480 lobbyists working on carbon capture and storage (CCS) have been granted access to the UN climate summit, known as Cop29, the Guardian can reveal.

That is five more CCS lobbyists than were present at last year’s climate talks, despite the overall number of participants shrinking significantly from about 85,000 to about 70,000.

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COP29 Roundup for Day 6 – Nov. 16

Carbon Pulse - Sat, 2024-11-16 16:35
It is Day 6 at COP29 in Baku - Science Day. It's the final day negotiators have with the texts before they're handed over to the presidency and appointed ministers, although not much progress is expected on finance in the next 24 hours. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
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North Dakota approves permit for contentious CO2 pipeline after months of deliberations

Carbon Pulse - Sat, 2024-11-16 13:49
North Dakota’s Public Service Commission (PSC) has approved a permit for a multi-state CO2 pipeline, clearing path for project development in the state amid permitting struggles in other regions.
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Washington state’s cap-and-trade scheme records strong compliance in inaugural year

Carbon Pulse - Sat, 2024-11-16 12:20
Most entities covered under Washington’s cap-and-invest programme fulfilled their annual compliance obligation in 2023 as only one entity fell short, a report from the state’s Department of Ecology (ECY) released Friday showed.
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BRIEFING: RMI to analyse decarbonisation pathways for EITEs in Washington

Carbon Pulse - Sat, 2024-11-16 12:15
US think tank RMI will be working closely with Emissions Intensive Trade Exposed (EITE) facilities active under Washington state’s cap-and-invest programme, to research viable decarbonisation pathways for various industries.
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CFTC: Investor CCA sentiment sours with regulatory delays, emitters boost overall holdings across North American carbon markets

Carbon Pulse - Sat, 2024-11-16 10:37
Financial entities axed their net California Carbon Allowance (CCA) holdings into the upcoming Q4 auction and with the delay in highly-anticipated regulatory updates that pulled prices lower this week, while producers built their positions across North American carbon markets, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
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Fossil fuel bosses get ‘red carpet’ at Cop29 despite concerns over influence

The Guardian - Sat, 2024-11-16 04:48

Revealed: more than 100 executives given special guest badges as activists challenge role of oil and gas firms at talks

The host country of this year’s UN climate summit, Azerbaijan, has rolled out “red carpet” treatment to fossil fuel bosses and lobbyists, the Guardian can reveal.

At least 132 oil and gas company senior executives and staff were invited to the Cop29 summit, and had special badges denoting they were guests of the presidency.

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Valencia's president apologises for handling of deadly floods – video

The Guardian - Sat, 2024-11-16 04:03

The president of the Spanish province of Valencia, Carlos Mazón, rejected calls for his resignation amid growing public anger over his management of the recent devastating floods that killed more than 210 people in the area. He conceded mistakes were made but claimed the unprecedented and 'apocalyptic' scale of the disaster overwhelmed the system

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The Guardian view on UN climate talks: rich and poor nations can strike a win-win deal | Editorial

The Guardian - Sat, 2024-11-16 03:32

At Cop29 the global south needs to unite for sustainable growth, leveraging resources and negotiating transformative climate finance pacts

More than a century of burning coal, oil and gas has fuelled intense heatwaves, prolonged droughts, heavier rains and devastating floods. To prevent even more severe impacts, the UN global climate summit, Cop29, must deliver tangible results to keep global temperature rises below 2C – the limit defined in the 2015 Paris agreement. Achieving this goal means human societies can only emit a finite amount of additional carbon dioxide, known as the world’s “carbon budget”.

Developed nations have exceeded their carbon budgets, while developing countries remain within theirs. Carbon dioxide lingers in the atmosphere for centuries, turning past unchecked fossil fuel use into a costly planetary bill. Between 1870 and 2019, the US, EU, Russia, UK, Japan, Canada and Australia – home to just 15% of the global population – accounted for over 60% of atmospheric carbon dioxide, according to the Delhi-based Centre for Science and Environment.

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Scottish CCS firm enters partnership to issue carbon removals credits from Scotch whiskey production

Carbon Pulse - Sat, 2024-11-16 02:34
A British carbon finance specialist, Swiss bank, and Scottish carbon capture and storage (CCS) firm have partnered to issue carbon removals credits from Scotch whiskey distilleries and their supply chains, the companies announced on Friday.
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COP29: Global efforts to cut methane emissions grow, mobilising $500 mln

Carbon Pulse - Sat, 2024-11-16 02:32
An increasing number of countries have committed to reduce their methane emissions, with proposals to strengthen their goals and mobilise nearly $500 million to support 65 developing countries.
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COP29: Tanzania agrees deal to distribute 1 mln cookstoves

Carbon Pulse - Sat, 2024-11-16 02:15
The federal government of Tanzania has teamed up with a Nairobi-based cookstoves manufacturer and project developer to distribute 1 million clean cookstoves throughout the East African nation to be funded by voluntary carbon credits.
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Move towards renewable energy is unstoppable, says Ed Miliband

The Guardian - Sat, 2024-11-16 02:08

Exclusive: UK energy secretary says at Cop29 that people see the economic advantages of making the transition

Renewable energy is now “unstoppable”, and no government can prevent the shift to a global low-carbon economy, UK energy secretary Ed Miliband has said.

He said the UK was acting out of national self-interest by taking a global lead on cutting greenhouse gas emissions and boosting financial help available to poor countries at crunch UN climate talks this week.

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COP29: US energy secretary confident in EV tax credits’ durability post Trump win

Carbon Pulse - Sat, 2024-11-16 01:54
A day after incoming President-elect Trump's administration reportedly indicated its intent to eliminate electric vehicle (EV) tax credits in broad tax reform, US Energy Secretary Jennifer Granholm expressed confidence that the credits – and other financing supporting nascent clean energy technologies – should be durable enough to withstand potential attack.
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Future of several RSPB nature reserves at risk as charity cuts costs

The Guardian - Sat, 2024-11-16 01:36

Some cafes and visitor centres to close with job losses while reserves in Suffolk and Hertfordshire among those in peril

The future of several RSPB nature reserves is in doubt as it introduces cuts, citing cost of living pressures.

The bird charity told its workers at an all-staff meeting on Thursday that cafes and visitor centres across some of its sites would be closing, and staff would be made redundant. It also said it was in the process of transferring ownership of some of its sites to other companies.

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Canadian, Indigenous govts ink landmark C$375-mln conservation deal

Carbon Pulse - Sat, 2024-11-16 01:16
The Canadian and Indigenous governments, together with a group of private donors, signed on Thursday an agreement set to unlock C$375 million ($270 mln) over the next 10 years for conservation efforts in the Northwest Territories (NWT).
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COP29: Nearly half of companies use zero renewable electricity -report

Carbon Pulse - Sat, 2024-11-16 00:57
Nearly half of companies globally continue to only use non-renewable electricity, according to a new report released on Friday.
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Sustainable projects need more than internal carbon price to be viable, says food and beverage company

Carbon Pulse - Sat, 2024-11-16 00:49
A food and beverage multinational on Thursday told a webinar that making the business case for sustainability projects needs more than an internal carbon price to be financially viable, and so turns to a different set of metrics when evaluating which investments to make.
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