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California power emissions drop YoY in October despite renewables receding, natural gas demand rising

Carbon Pulse - Wed, 2024-12-04 07:43
California electricity sector emissions fell year-on-year (YoY) in October even as the share of renewable energy declined and natural gas rose, according to data published Monday by the state's grid operator.
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EU parliament, countries agree to delay anti-deforestation law

Carbon Pulse - Wed, 2024-12-04 07:26
Companies will have one more year to comply with the EU's incoming deforestation law, under an agreement struck on Tuesday evening between the European Parliament and Council of member states.
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FEATURE: No sign of Canada’s 2035 climate target, despite mandate by law

Carbon Pulse - Wed, 2024-12-04 07:19
Canada’s 2035 climate target was expected Dec. 1 as per federal law, but legal ramifications resulting from the delay appear limited amid a challenging political environment for increased climate ambition.
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Delays cause CO2 pipeline developer to withdraw permit application in Iowa

Carbon Pulse - Wed, 2024-12-04 06:19
A midwestern carbon pipeline company has withdrawn its permit application to build a CO2 pipeline in Iowa after delays created uncertainty around the project’s timeline, the company said in state filings.
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Global markets are likely to withstand a Trump-led US withdrawal from the Paris Agreement

The Conversation - Wed, 2024-12-04 05:11
New research examining how net-zero announcements from the US, UK, and China affected global financial markets could help forecast what the future may hold, if the US pulls back on its commitments. Mona Mashhadi Rajabi, Postdoctoral Research Fellow, University of Technology Sydney Martina Linnenluecke, Professor of Environmental Finance at UTS Business School, University of Technology Sydney Tom Smith, Professor, Department of Applied Finance, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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EU earmarks over €4 bln from ETS revenues for cleaner cars

Carbon Pulse - Wed, 2024-12-04 03:48
The European Commission has earmarked €4.6 billion from revenues generated by the EU's Emissions Trading Scheme (EU ETS) to boost net-zero technologies like electric vehicles, paving the way for its upcoming 'Clean Industrial Deal' and related efforts to green the automotive industry.
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Vattenfall pauses CCS plans in Sweden -media

Carbon Pulse - Wed, 2024-12-04 03:06
Swedish utility Vattenfall has paused plans for carbon, capture, and storage (CCS) plants in Sweden, citing the market as too “immature”, according to media reports.
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Too much focus on host country risk in global carbon trade, says project developer

Carbon Pulse - Wed, 2024-12-04 02:33
There is currently too great a focus on the integrity risks associated with host countries, and not enough on those associated with slow-moving policy on the development of global carbon markets, an executive from a project developer said on Tuesday.
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Wolves to lose protection, as EU lowers bar for shooting wildlife

The Guardian - Wed, 2024-12-04 02:30

Downgrading species’ protection status for political gain puts decades of conservation efforts at risk, says WWF

Europe’s wolves will lose their “strict protection” status, alarming conservationists who fear for the survival of an animal brought back from the brink of local extinction.

A committee charged with saving wildlife took the wolf’s protection status down a notch on Tuesday after members voted through a proposal from the European Union that lowers the bar for shooting a wolf.

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Cop29 gave us a Putin-friendly deal – and a glimpse of the dark future of climate talks | Fiona Harvey

The Guardian - Wed, 2024-12-04 01:55

The Baku Cop29 talks were marked by division and self-interest, with rancorous meddling right until the end

  • Fiona Harvey is an environment editor at the Guardian

When I first visited Azerbaijan this spring, one fixture of the Baku skyline was unmissable. The bright orange of flaring – the product of the oil and gas extraction that makes up 90% of Azerbaijan’s export revenues – lit up the night sky, not far from the Olympic stadium, where nearly 200 nations would gather in November for the Cop29 climate summit.

Flaring burns methane, a powerful greenhouse gas, and is a major source of carbon emissions. If all the world’s flared gas were captured instead, it could power sub-Saharan Africa. But that entails installing new equipment, so producers don’t bother.

Fiona Harvey is an environment editor at the Guardian

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Sustainable aviation too slow to take off, finds report

Carbon Pulse - Wed, 2024-12-04 01:30
A mere 12% of airlines around the world are making "noteworthy efforts" to switch from kerosene to truly sustainable aviation fuels (SAFs), while the others are either buying too little or the wrong kind of alternative, according to an NGO ranking published on Tuesday.
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First industrial cement CCS plant ready to test CO2 storage under North Sea

Carbon Pulse - Wed, 2024-12-04 01:08
A German building company is on track to complete the first industrial-scale carbon capture and storage (CCS) plant for the cement industry, with the system now ready for testing.
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Shift in sentiment in Brussels could lead to softening of ETS2, as EUAs set to rise more slowly –analyst

Carbon Pulse - Wed, 2024-12-04 00:46
The European Union could make adjustments to, or delay the implementation of, its ETS2 mechanism amid a shift in priorities at the heart of the EU, an analyst said on Tuesday.
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Nuclear energy debate draws stark gender split in Australia ahead of next year’s election

The Guardian - Wed, 2024-12-04 00:00

Survey finds 25 percentage point gender gap across all age brackets on whether nuclear power would be positive for the country, with majority of men saying it would

New data points to a stark gender split in attitudes towards nuclear energy, with women much more likely to say they don’t support it or think the risks are too great.

Research company DemosAu surveyed 6,000 people on behalf of the Australian Conservation Foundation and found 26% of women thought nuclear energy would be good for Australia, compared with 51% of men.

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Article 6 deal puts pressure on capital markets to deliver for climate, says legal expert

Carbon Pulse - Tue, 2024-12-03 23:14
The deal reached at COP29 to finalise Article 6 of the Paris Agreement marked a pivotal moment for the establishment of international carbon markets. Now, the challenge lies in demonstrating that capital markets can deliver results for the climate, a leading international legal expert said on Tuesday.
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Brussels caps 2027 ETS2 carbon allowances in line with planned emissions decline

Carbon Pulse - Tue, 2024-12-03 22:41
The European Commission will cap the number of carbon permits in the incoming trading scheme for transport and buildings at just over 1 billion in 2027, in line with a gradual reduction of emissions under existing measures.
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EU-UK should align on carbon pricing, CCS to build thriving clean tech hub -report

Carbon Pulse - Tue, 2024-12-03 22:34
The EU and UK should explore linking their emissions trading systems and cooperate on cross-border carbon capture and storage (CCS) under efforts to form a resilient clean tech hub on the global stage, an industry body said on Tuesday.
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Coca-Cola accused of quietly dropping its 25% reusable packaging target

The Guardian - Tue, 2024-12-03 22:34

Exclusive: Campaigners say company’s apparent abandoning of 2030 pledge is a ‘masterclass in greenwashing’

Coca-Cola has been accused of quietly abandoning a pledge to achieve a 25% reusable packaging target by 2030 in what campaigners call a “masterclass in greenwashing”.

The company has been previously found by researchers to be among the world’s most polluting brands when it comes to plastic waste.

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