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COP28: Fossil fuel industry embraces a phasedown of emissions, rather than production

Carbon Pulse - Wed, 2023-12-06 02:24
While COP28 negotiating parties grapple with language surrounding the phaseout versus phasedown of fossil fuels, industry delegates demonstrated limited enthusiasm to reduce production of oil and gas amid activist calls for otherwise during the summit’s thematic Energy and Industry day.
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COP28: UAE joins Paris-aligned coal phaseout pledge, adding momentum to growing movement

Carbon Pulse - Wed, 2023-12-06 02:14
The UAE has joined a group of around 180 countries, cities, regions, and organisations aiming to accelerate the phaseout of coal-fired power and transition to clean energy, as the COP28 host helps to strengthen a common call to end the era of new coal power.
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CIX to launch standard spot contract based on CCP-labelled carbon credits

Carbon Pulse - Wed, 2023-12-06 02:11
Singapore-based Climate Impact X (CIX) is set to launch a set of standard spot contracts based on the Core Carbon Principle (CCP) mark of integrity from the ICVCM, as it seeks to establish the key benchmark for the voluntary carbon market.
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Chinese firm to study feasibility of REDD+ project in Laos

Carbon Pulse - Wed, 2023-12-06 02:07
A Chinese company has teamed up with the Lao government to assess the feasibility of a REDD+ project in the Southeast Asian country, local media reported.
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UK likely to miss Paris climate targets by wide margin, analysis shows

The Guardian - Wed, 2023-12-06 02:00

Exclusive: Under current policies, Britain could fall short of internationally agreed goal of 68% cut in emissions by 2030

The UK government is likely to miss its targets under the Paris climate agreement by a wide margin, analysis shows, dealing a devastating blow to Britain’s standing on the international stage.

Under current policies, the UK’s greenhouse gas emissions are likely to be 59% lower in 2030 than they were in 1990 – but the country’s internationally agreed target is for a 68% reduction by the end of this decade. The gap is likely to leave Britain in breach of these commitments.

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Canadian carbon removals developer announces fourth technology partnership

Carbon Pulse - Wed, 2023-12-06 01:59
A Montreal-based carbon removals developer has partnered with a UK-based direct air capture (DAC) company to deploy its technology in Canada.
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‘No climate justice without peace’: Gaza becomes flashpoint for climate activists

The Guardian - Wed, 2023-12-06 01:00

Many in the global movement are divided on whether or how to take a stand on the conflict

When Greta Thunberg posted a photo of herself holding a “stand with Gaza” sign on Instagram in October, the backlash in Israel and Germany came hard and fast.

An Israeli Defense Forces (IDF) spokesperson initially told Politico that “whoever identifies with Greta in any way in the future, in my view, is a terror supporter,” although later retracted his comments. The official X account of Israel said “Hamas doesn’t use sustainable materials for their rockets” and told Thunberg to speak up for its victims. The Israeli education ministry said it would strike any reference to the Swedish climate activist from its curriculum.

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COP28: Uganda announces package of energy and sustainability commitments

Carbon Pulse - Wed, 2023-12-06 00:58
The Ugandan government launched its Energy Transition Plan (ETP) at COP28 on Tuesday, aiming to boost energy security, environmental protection, and attractiveness to private sector investors in the East African nation.
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COP28: African Development Bank backs own adaptation mechanism over biodiversity credits

Carbon Pulse - Tue, 2023-12-05 23:54
A voluntary biodiversity credit market would come with a number of risks, and nations should instead require corporates to pay towards climate adaptation and nature measures, a representative for the African Development Bank (AfDB) said on the sidelines of COP28 Tuesday, as the bank hopes to get the adaptation mechanism it has pushed for years to get approved at the talks.
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COP28: EU signs forest partnership with Honduras

Carbon Pulse - Tue, 2023-12-05 23:37
The EU Commission has signed a forest partnership with Honduras to restore 1.3 million hectares of degraded forests by 2030.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2023-12-05 23:10
European carbon came under more pressure on Tuesday morning, falling below a "formidable" price support as sellers continued to dominate, while energy markets fell for a second day as weather remained mild and renewables output was healthy.
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More import regulation needed to tackle vast emissions from agricultural deforestation, says report

Carbon Pulse - Tue, 2023-12-05 22:55
Deforestation and peat loss driven by the expansion of agricultural production is generating a vast carbon footprint that requires stronger action from world leaders particularly in importing nations, according to a report published on Tuesday.
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When is the seaside at its very best? In the darkest days of winter | Alys Fowler

The Guardian - Tue, 2023-12-05 22:23

As the days shorten and cool, the sea offers up its secrets. Those who stick around to enjoy it are truly blessed

Once my work is done, and as long as the winds aren’t whipping up the valley, I head into Aberystwyth to dip into the sea. Some days I try to swim far; others I lie on my back and watch the clouds. Then I wander up to the Prom Diner and, depending on the time, order a cortado, an ice-cream or, if the day lends itself to it, a beer. I find a seat facing the sea and bask in all of it. This is a very good life.

But I cannot stay smug, because the sea has other ideas. Aberystwyth’s beaches, like those of Borth and Aberdyfi to the north, are storm beaches, which move with the sea’s weather and moods. At this time of year, they shift daily – sometimes even more often. The largely slate shingle beach that holiday folk know from summer is gone and replaced with sand.

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Madagascar latest country to secure World Bank emissions reductions payment

Carbon Pulse - Tue, 2023-12-05 21:32
Madagascar has received nearly $9 million from the World Bank for emissions reductions worth 1.76 mln tonnes of CO2 from REDD+ forestry activities in 2020, according to an announcement this week.
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COP28: A stocktake of the Global Stocktake – assessing the direction of travel after first text released

Carbon Pulse - Tue, 2023-12-05 21:28
A meaty Global Stocktake (GST) negotiation text was published overnight - a document seen by some as a litmus test for success at COP28 - with all options seemingly still on the table and battles lines starting to be carved out, particularly over who wants what regarding the contentious question of a fossil fuel phaseout.
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On the 50th anniversary of the Endangered Species Act, a rightwing threat looms | Kim Heacox

The Guardian - Tue, 2023-12-05 21:00

The act is believed to have saved 99% of listed species from extinction, but rightwing lawmakers are chipping away at it

Imagine a cosmic rock billions of years old yet vibrant with water, light and life. Not too close to the sun and not too far away. Tilted on its axis and turning daily to render seasons, sunrises and sunsets. A place so bountiful and varied that it has nourished and inspired humanity through our entire history. This is Earth, our only home. And that stunning array of life – countless species evolved over millennia and evolving still – is what scientists today call biodiversity.

That biodiversity is in trouble.

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COP28: Bahrain oil major strikes cross-border CO2 transport deal with Japanese shipping giant

Carbon Pulse - Tue, 2023-12-05 20:51
Bahrain’s biggest oil company on Tuesday signed a Memorandum of Understanding (MoU) with one of the largest shipping companies in the world for developing a carbon capture and storage (CCS) value chain.
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Australia to, update ‘water trigger’, remove offsetting as part of efforts to pass Nature Repair Market bill

Carbon Pulse - Tue, 2023-12-05 20:40
The Australian government has announced it will seek to update the so called ‘water trigger’ assessment on unconventional gas projects, as part of efforts to pass its Nature Repair Market in the Senate.
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COP28: GEF, Earth Fund announce $225-mln funding for massive Pacific Ocean conservation initiative

Carbon Pulse - Tue, 2023-12-05 19:25
The Global Environment Facility (GEF) and the Bezos Earth Fund have become the first to pledge financial support for a Pacific Island initiative made Sunday to conserve or implement sustainable activities across more than 1 billion hectares of ocean.
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COP28: Oil majors unite around urgent action on methane in wake of global summit pledge

Carbon Pulse - Tue, 2023-12-05 19:24
Oil majors from France to the UAE highlighted ongoing efforts to cut methane emissions through new partnerships and technologies at COP28 on Tuesday, in line with the target laid out under the Oil and Gas Decarbonisation Charter (OGDC) to reach almost zero methane emissions by 2030.
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