Feed aggregator

Science Based Targets Network (SBTN) is developing science-based targets for nature focused on cities, it has announced at a COP28 presidency event.

A French project developer has agreed terms with local authorities to develop projects in the Philippines and Nigeria that are expected to generate tens of millions of carbon credits over coming decades.

A Japanese project developer has teamed up with a major tech company in Vietnam to expand its carbon credit generating business in Southeast Asia, with a focus on sustainable agricultural practices.

Spot credit prices under the Alberta Technology Innovation and Emission Reduction (TIER) programme in November more than reversed the previous month's gains despite record-high transactions, with low spot volumes and political developments likely hindering prices, a report published Tuesday said.

When Tories row back on previous climate pledges, they are merely marching in lockstep with extreme parties across Europe

Not only did Rishi Sunak spend more time travelling to Cop28 on his private jet than attending the conference itself, he also delivered a speech at the Dubai summit doubling down on the decision to abandon crucial climate policies on heat pumps and energy efficiency, as revealed in his September announcement. All this while using the diminishing strength of the UK’s green credentials as a shield. These actions lay bare the troubling path the Conservatives have chosen ahead of the next general election. But across western states, abandoning long-held climate commitments is becoming the norm for rightwing parties.

In the Netherlands, Geert Wilders’ Freedom party has secured the most votes in the country’s recent general election and wants to undo the green transition. In New Zealand, the National party has formed a coalition with the populist NZ First party and ACT, a rightwing party that wants to repeal the Zero Carbon Act. In Germany, the AfD, the far-right party that is second in national opinion polls, has previously called for an end to all climate action efforts. In Canada, polls show that the Conservatives, who voted not to recognise the climate crisis as real two years ago, would win the upcoming 2025 election if it were held today.

Diyora Shadijanova is a journalist and writer

Continue reading...

Ukraine's government is persisting in its efforts to introduce an ETS by 2025 and in plans to re-build the war-torn country in a greener way, though these initiatives are undermined by Russia’s continuous attacks as well as increasing emissions and environmental damage caused by Moscow's aggression.

Make UK, a trade body for UK manufacturers, has renewed calls for the British government to introduce a carbon border adjustment mechanism for energy-intensive industries before 2026 to align with the timescales of the EU’s version.

European carbon made a modest recovery on Wednesday morning after weekly position data showed investment funds had further increased their already-record net short positions, while natural gas and power prices snapped a sharp two-day loss to add support to the carbon market.

Indonesia is exploring using carbon credits generated under Article 6.2 of the Paris Agreement to fund floating solar projects in the country as soon as next year, as analysis this week has downgraded the rating of its climate targets and actions to "critically insufficient". 

Nature targets will be a core driver of demand for biodiversity credits, as companies can already see the business case for the market, according to a survey published by the UN-backed Biodiversity Credit Alliance (BCA).

Steven Fuller is a winter caretaker who has lived at Yellowstone national park for the past 50 years. As the cold weather approaches and the seasonal transformation begins, he hunkers down in his remote mountain cabin. But Fuller and Yellowstone face an uncertain future, with the climate crisis threatening to change one of North America’s last great wildernesses for ever

Continue reading...

Accelerating the deployment of engineered carbon dioxide removal (CDR) technology involves de-risking investments, fostering partnerships between industry and government, and a clear mandate that is not too prescriptive, panelists said on the sidelines of COP28 in Dubai on Tuesday.

Exclusive: Documents show warnings that changes would weaken environmental protections were ignored

Ministers have been accused of “misleading the public” after documents obtained by Ends Report and the Guardian revealed they ignored their officials’ advice when scrapping key air quality regulations.

On 31 December, two key air quality regulations will drop off the statute book under the Retained EU Law (REUL) Act.

. Revoke the NAPCP with no replacement, with the environment improvement plan (EIP) becoming the alternative process

2. Revoke the NAPCP provisions and introduce a new process for assessing policy options, with a new process triggered by a failure or potential failure to achieve a target

Continue reading...

Thailand has already issued mitigation outcomes from its landmark electric bus Article 6.2 carbon crediting programme and is "on track" to complete the first-ever transfer of an ITMO for use under an NDC national emissions pledge before the end of the COP28 conference, according to stakeholders close to the process.

A new hydrogen methodology presented at COP28 may facilitate greenwashing practices from the fossil fuel industry, say concerned NGOs.

An Indian carbon offset project developer has signed a Memorandum of Understanding (MoU) with a major government-owned oil company to promote indoor solar cooking systems at the household level in India and other developing economies, it said Wednesday.

It's Day 7 of COP and Carbon Pulse journalists are still going strong as Week 1 draws to a close. 'Urbanisation Day' here in Dubai, and several scary reports are emerging around global warming tipping points, as progress continues in negotiation rooms on the Global Stocktake and Article 6, with phaseout language, and UN crediting in focus. The EU's CBAM and concerns over a clean energy subsidy race are also infiltrating negotiating rooms, a key theme likely to spill over into Week 2. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

The first use of carbon credits to de-risk the financing of large-scale grid infrastructure build-out in developing countries, using the Paris Agreement's Article 6.2 mechanism, has been put forward with the launch of a new study in partnership with a European utility-backed project developer, to be put into practice in an African country in need of transmission line upgrades.

Sixth day of Cop28 comes as new report says threats to humanity drawing closer as carbon pollution heats the planet to ever more dangerous levels

Good times! The guitarist Nile Rodgers has made an appearance with activists at Cop28.

Rodgers is co-founder of the We Are Family Foundation, which staged a joint #Education4Earth event with Earth Day at Cop28’s Blue Zone.

Continue reading...

Environmental groups and nature experts have welcomed Australia’s Nature Repair Market legislation being passed in Parliament with amendments to prohibit the use of offsets, however lingering concerns remain about how this would exactly work in practice.