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BRIEFING: Transition carbon credits considered promising solution, but challenges remain

Carbon Pulse - Thu, 2024-10-31 09:44
Experts outlined during a Wednesday webinar the potential for so-called "transition" carbon credits to facilitate the energy transition, but noted that challenges remain in the ongoing development of the nascent asset class.
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Individual action on climate was tarred as greenwashing or virtue signalling. But it still has a place

The Conversation - Thu, 2024-10-31 09:43
Personal action on climate still has a place – but it works far better with institutional backing Sukhbir Sandhu, Associate Professor in Sustainability, University of South Australia Licensed as Creative Commons – attribution, no derivatives.
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COP16: Global South alliance signals biodiversity financing “not working for us”

Carbon Pulse - Thu, 2024-10-31 09:20
A group of ministers from 20 countries in the Global South have published a statement seeking urgent action to boost biodiversity financing for developing countries, while flagging issues with the global fund intended to support them. 
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COP16: Emergency session finds early cash for coral reefs, urges immediate action

Carbon Pulse - Thu, 2024-10-31 08:44
A special emergency session on coral reefs at the UN biodiversity talks in Colombia on Wednesday urgently called for increased funding for reef protection, with a handful of governments and philanthropies putting up an initial $150 million for a global fund.
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Carbon market data firm, research institute launch interactive CDR tool

Carbon Pulse - Thu, 2024-10-31 08:40
A London-based research institute and a carbon market data provider have unveiled an interactive tool to provide transparency to monitoring, reporting, and verifying (MRV) protocols for carbon removal (CDR), the two organisations announced on Wednesday.
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Wisconsin utility signs contract with Italian CO2 battery developer

Carbon Pulse - Thu, 2024-10-31 08:36
A CO2 battery technology company has signed a supply contract with a long-duration energy storage project being developed by a Wisconsin utility with US Department of Energy funding.
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US CDR company raises $5.3 mln seed round

Carbon Pulse - Thu, 2024-10-31 07:48
A US CO2 removals (CDR) startup announced on Wednesday its oversubscribed round of $5.3 million in seed funding, which will scale the firm’s efforts to remove CO2 from wastewater systems.
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UK to impose CBAM from 2027 to protect heavy industries

Carbon Pulse - Thu, 2024-10-31 06:19
The UK will introduce a Carbon Border Adjustment Mechanism (CBAM) in 2027 for the six sectors it deemed to be most at risk of carbon leakage, down from eight initially proposed, the government said on Wednesday.
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Paying Brazil $25/t could unlock Amazon’s true carbon capture potential, study shows

Carbon Pulse - Thu, 2024-10-31 06:17
Establishing a carbon price of $25 per tonne of captured CO2 could transform Brazil’s Amazon rainforest into one of the world’s largest natural sinks, countering emissions at a far lower cost than current carbon capture technologies, according to a study published by a major international financial institution.
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Torrential rain brings deadly flooding to Spain – in pictures

The Guardian - Thu, 2024-10-31 05:52

Downpours caused Spain’s deadliest flooding in decades. Floodwaters surged through cities, towns and villages, trapping people in their homes, sweeping up cars in their wake and causing significant damage

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COP16: Group launches bioeconomy coalition to scale sustainable markets, finance in the Amazon

Carbon Pulse - Thu, 2024-10-31 05:42
A group of over 20 organisations on Wednesday launched a coalition to promote bioeconomy across the Amazon region, looking at the biodiversity credit market as a possible means to scale financing.
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215 million hectares of forest – an area bigger than Mexico – could grow back by itself, if we can just leave it alone

The Conversation - Thu, 2024-10-31 05:08
It’s vital we find cost-effective ways to get and keep more trees in the ground. Our research looked at where natural regeneration is likely to be successful due to environmental conditions. Brooke Williams, Research Fellow, School of Biology & Environmental Science, Queensland University of Technology Robin Chazdon, Professor Emerita of Ecology and Evolutionary Biology, University of Connecticut Licensed as Creative Commons – attribution, no derivatives.
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Earth’s climate will keep changing long after humanity hits net-zero emissions. Our research shows why

The Conversation - Thu, 2024-10-31 05:08
Alarmingly, Earth’s climate will change for many centuries to come. But we must still push to reach net-zero emissions as quickly as possible. Andrew King, Senior Lecturer in Climate Science, The University of Melbourne Tilo Ziehn, Principal Research Scientist, CSIRO Licensed as Creative Commons – attribution, no derivatives.
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State of the Climate 2024: Australia is enduring harsher fire seasons, more ocean heatwaves and sea-level rise

The Conversation - Thu, 2024-10-31 05:07
On land, Australia has already passed 1.5°C of warming, bringing lower streamflows, more fire weather and marine heatwaves. Neil Sims, Senior Research Scientist, CSIRO Pep Canadell, Chief Research Scientist, CSIRO Environment; Executive Director, Global Carbon Project, CSIRO Licensed as Creative Commons – attribution, no derivatives.
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FII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO

Carbon Pulse - Thu, 2024-10-31 04:35
Saudi Arabia has global ambitions for its soon-to-launch carbon credit exchange, and is aiming for the platform to compete with the CBL exchange that currently dominates voluntary carbon market trades, the CEO of the country’s state-backed VCM company told Carbon Pulse on Wednesday.
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BRIEFING: Strong climate finance outcome is possible at COP29, experts say

Carbon Pulse - Thu, 2024-10-31 04:31
A strong outcome for a new global climate finance goal is possible at COP29 in Baku, with negotiators coalescing around the scale of finance required, though the nitty gritty of where that capital should come from and which countries should contribute is still up in the air, experts said on Wednesday.
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