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BRIEFING: Chile welcomes nearly a dozen projects into Article 6 pipeline

Carbon Pulse - Wed, 2024-10-09 08:06
Chile has nearly a dozen Article 6.2 projects in various stages of development, including an imminent issuance, and is working to develop an official taxonomy of priority project types, Carbon Pulse heard at the Chile Carbon Forum in Santiago on Tuesday.
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US taps $104 mln for rural America clean energy programmes

Carbon Pulse - Wed, 2024-10-09 06:01
The US Department of Agriculture (USDA) announced funding for anaerobic digesters, a biomass plant, and an ethanol production project as part of a large $104 million package of clean energy awards to spur economic development in rural areas.
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Unprecedented peril: disaster lies ahead as we track towards 2.7°C of warming this century

The Conversation - Wed, 2024-10-09 05:01
All of human civilisation emerged during unusually benign climate conditions. As temperature records fall and climate damage intensifies, we are beginning to see what happens when we leave it behind. Thomas Newsome, Associate Professor in Global Ecology, University of Sydney William Ripple, Distinguished Professor and Director, Trophic Cascades Program, Oregon State University Licensed as Creative Commons – attribution, no derivatives.
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Will the Earth warm by 2°C or 5.5°C? Either way it’s bad, and trying to narrow it down may be a distraction

The Conversation - Wed, 2024-10-09 04:10
The predicted range of future warming remains stubbornly wide. But trying to land on a precise number diverts effort and attention from the climate impacts we’re already seeing. Jonny Williams, Climate Scientist, University of Reading Georgia Rose Grant, Postdoctoral Research Assistant in Paleontology, GNS Science Licensed as Creative Commons – attribution, no derivatives.
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CFEL24: Most VCM participants now seek compliance-eligible projects -ratings agency

Carbon Pulse - Wed, 2024-10-09 04:02
Most voluntary carbon market (VCM) investors are now only looking at projects expected to fit within regulated regimes, like CORSIA or Article 6, according to the head of a carbon project ratings agency.
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CFEL24: UK could consider using Article 6 credits for ‘above and beyond’ mitigation as it mulls next NDC

Carbon Pulse - Wed, 2024-10-09 03:58
The UK may use Article 6 credits for “above and beyond” mitigation, pending a decision on how to approach its next set of UN climate goals, with the country's lead Article 6 negotiator hopeful for a breakthrough in talks at the upcoming COP29 meeting, a conference heard Tuesday.
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US carbon standard registers first biochar project

Carbon Pulse - Wed, 2024-10-09 03:57
A US-based carbon credits standard has registered the first project under its biochar methodology, the company said in a press release.
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CFEL24: Investors call for detailed data to mitigate risks as EU ETS free allocations shrink

Carbon Pulse - Wed, 2024-10-09 01:37
Investors want detailed data and long-term investment strategies to navigate future carbon pricing scenarios, as they prepare to work in a context with fewer free allowances in compliance markets.
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RGGI maintains even keel in Q4 auction volumes amidst slump in RGA prices

Carbon Pulse - Wed, 2024-10-09 01:26
RGGI states will offer a similar volume of permits at their Q4 sale as the prior quarter, according to a Tuesday announcement, even as RGGI Allowance (RGA) prices in the secondary market have declined 27% since the September auction. 
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BRIEFING: UK considering key reforms in next renewables auction

Carbon Pulse - Wed, 2024-10-09 01:18
The UK government is considering key reforms to the next renewables auction in 2025 including on reference price reform, longer contracts, and capacity targets, an official said on Tuesday.
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Chile looks to double offsets toward CO2 tax, accept more registries in 2025 -official

Carbon Pulse - Wed, 2024-10-09 00:52
Chile’s environment ministry aims to double the carbon tax liability ‘paid’ in carbon credits next year and businesses are on board, Carbon Pulse heard from an official at the Chile Carbon Summit in Santiago on Tuesday.
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Climate finance takes a backseat at key EU council meeting

Carbon Pulse - Wed, 2024-10-09 00:49
The war in Ukraine dominated the 27 EU finance ministers’ meeting on Tuesday, relegating discussions on the new global climate finance target (NCQG) to a secondary role, with only five weeks to go until the COP29 UN climate talks.
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INTERVIEW: Small sites should be exempt from biodiversity net gain

Carbon Pulse - Wed, 2024-10-09 00:45
The English biodiversity net gain (BNG) small sites exemption should be expanded, as minor developers are disproportionately affected, a consultant told Carbon Pulse, contrasting calls to move in the opposite direction.
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UK shipping industry lays out £700 mln investment plan to reach net zero by 2050

Carbon Pulse - Wed, 2024-10-09 00:43
A UK shipping trade association is calling for a £700 million government investment in the country's upcoming budget, as part of a roadmap to carry the sector to net zero emissions by 2050.
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Earth’s ‘vital signs’ show humanity’s future in balance, say climate experts

The Guardian - Wed, 2024-10-09 00:08

Record emissions, temperatures and population mean more scientists are looking into possibility of societal collapse, report says

Many of Earth’s “vital signs” have hit record extremes, indicating that “the future of humanity hangs in the balance”, a group of the world’s most senior climate experts have said.

More and more scientists are now looking into the possibility of societal collapse, says the report, which assessed 35 vital signs in 2023 and found that 25 were worse than ever recorded, including carbon dioxide levels and human population. This indicates a “critical and unpredictable new phase of the climate crisis”, it says.

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Scientists contest environment minister’s claim of ‘blitzing’ Australia’s ocean reserve expansion goal

The Guardian - Wed, 2024-10-09 00:00

Tanya Plibersek claims Labor is protecting 52% of its ocean territory, but experts say that is ‘misleading’

Scientists have challenged Tanya Plibersek’s claim that Australia is protecting more than half of its oceans and has “blitzed” a 30% target, arguing industrial longline fishing will still be allowed in some areas the government says it is conserving.

The environment minister told a “global nature-positive summit” in Sydney on Tuesday the government had quadrupled the size of the sub-Antarctic Heard Island and McDonald Islands Marine Reserve, a world heritage area about 4,000km south-west of Perth.

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European accelerator marks entry into Indian carbon removals market, selects first cohort of local startups

Carbon Pulse - Tue, 2024-10-08 23:50
An Amsterdam-based carbon removal accelerator has selected its first cohort of Indian climate startups to scale carbon removal solutions across the country, marking its entry into the Asian market, it announced at an event in Mumbai on Tuesday.
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Picnicking on Dartmoor is trespassing, landowner’s lawyers tell court

The Guardian - Tue, 2024-10-08 23:03

Alexander Darwall, owner of Blachford estate in national park, is challenging the right to wild camping

Picnicking on Dartmoor is trespassing, according to the lawyers for a landowner who is challenging the right to wild camping on the moors.

The public should have no right to undertake any activities other than walking or horse riding in the Dartmoor national park without landowner permission, Timothy Morshead KC told a supreme court hearing on Tuesday.

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FEATURE: New Zealand looks to bring back gas, but challenges abound

Carbon Pulse - Tue, 2024-10-08 22:23
A spike in the electricity price at the end of August in New Zealand forced an urgent review of the power sector and helped hasten a possible return of gas, via reversing a ban on new exploration permits put in place in 2018 by the then-Jacinda Ardern led Labour government.
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Australian climate tech VC firm raises A$100 mln in new round

Carbon Pulse - Tue, 2024-10-08 21:53
An Australian climate tech company has raised A$100 million ($67 mln) from the nation’s oldest bank and its clean energy financier for investment into a range of decarbonisation areas, it said Tuesday.
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