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Washington clarifies timeline for cap-and-invest changes after linkage bill takes effect

Carbon Pulse - Tue, 2024-11-19 12:31
Washington state’s Department of Ecology (ECY) on Monday highlighted upcoming cap-and-trade changes as a linkage bill takes effect beginning 2025, including an increase in allowance purchase limit at the quarterly auctions, offsets, and electricity imports.
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‘Graveyard of corals’ found after extreme heat and cyclones hit northern Great Barrier Reef

The Guardian - Tue, 2024-11-19 10:13

Marine scientists say one area around Cooktown and Lizard Island had lost more than a third of its live hard coral after bleaching event

Reefs across the north of the Great Barrier Reef have seen “substantial losses” of coral cover after a summer of extreme heat, two cyclones and major flooding, according to the first results of surveys from government marine scientists.

After the most widespread coral bleaching event seen on the world’s biggest reef system, the Australian Institute of Marine Science said one area around Cooktown and Lizard Island had lost more than a third of its live hard coral – the biggest annual drop in 39 years of monitoring.

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Let’s not waste another summer debating climate science – Australia’s energy transition can work for everyone | Peter Lewis

The Guardian - Tue, 2024-11-19 09:45

When the heat is on, the onus should be on the Coalition to explain why they don’t support measures to ensure their newly discovered battlers have access to rooftop solar

Australia is facing the extreme risk of dangerous concentrations of high pressure and hot air this summer. There is also a strong likelihood of heatwaves.

The return of the performatively anti-climate Donald Trump will see the world’s biggest per capita carbon polluter pull out of global targets, emboldening energy incumbents and their mouthpieces to amp up their attacks on renewables.

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US-based ocean CDR startup names new leadership

Carbon Pulse - Tue, 2024-11-19 08:18
A US-based ocean carbon removal startup has announced a series of leadership appointments aimed at accelerating the deployment of its carbon capture technology.
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US DOE funds $26 mln toward offshore Louisiana CCS project

Carbon Pulse - Tue, 2024-11-19 08:11
A carbon capture and storage (CCS) developer announced on Monday that it received a $26 million grant as part of the US Department of Energy's (DOE) CarbonSAFE Phase III programme, to advance a storage hub in Louisiana state waters.
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RGGI Market: Prices slide on thin volumes as observers await regulatory updates

Carbon Pulse - Tue, 2024-11-19 08:07
RGGI Allowance (RGA) prices retreated on lighter market activity amidst anticipation of additional announcements regarding the ongoing Third Program Review.
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Biochar developer eyes expansion to 200,000 carbon credits a year by 2027

Carbon Pulse - Tue, 2024-11-19 05:35
A biochar developer expects to issue 200,000 credits a year, certified by Puro.earth, by 2027.
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We pay less for houses in one-in-100 year flood zones – but overlook risks of more devastating floods

The Conversation - Tue, 2024-11-19 05:33
Floods are common in the Hawkesbury-Nepean Valley north of Sydney. But trends in house prices show us buyers don’t fully grasp the risk Song Shi, Associate Professor, Property Economics, University of Technology Sydney Mustapha Bangura, Lecturer in Property Economics, University of Technology Sydney Sumita Ghosh, Associate Professor in Planning, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.
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Flatulence tax: Denmark agrees deal for livestock emissions levy

BBC - Tue, 2024-11-19 04:43
It is part of a wider plan to reduce emissions and pollution and restore natural habitat.
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Cop29: ‘We’re here for life and death reasons,’ says ex-climate minister of Pakistan

The Guardian - Tue, 2024-11-19 04:00

Sherry Rehman says rich nations should pay ‘internationally determined contributions’ to help poorer and worst-affected countries

Amid the endless politicking and inscrutable arguments at the UN climate negotiations in Baku, Azerbaijan, this month, it can be hard to remember what is at stake. That’s why Sherry Rehman, Pakistan’s former climate change minister, is calling on global leaders to “keep an eye on the big picture”.

“We’re here for life and death reasons,” Rehman said.

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VCM Report: Focus on Article 6 at COP risks leaving legacy voluntary sector in the shade

Carbon Pulse - Tue, 2024-11-19 03:45
COP29 has been sending mixed signals to the voluntary carbon market, with concerns that the keen focus on Article 6 credits would overshadow the sector in future.
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Europe’s LNG imports 30% more polluting than EU estimates -report

Carbon Pulse - Tue, 2024-11-19 03:16
Europe’s LNG imports generate a third more emissions than accounted for in the EU’s green shipping law, according to a new report released on Monday.
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COP29: Benin, Norway sign bilateral Article 6 agreement

Carbon Pulse - Tue, 2024-11-19 02:48
Norway and Benin on Sunday signed a bilateral Article 6 agreement at COP29, according to a government press release.
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COP29: Southeast Asian industry bodies partner to form alliance on ASEAN carbon market framework

Carbon Pulse - Tue, 2024-11-19 02:36
Four national carbon market associations have signed a Memorandum of Collaboration (MoC) at COP29 in Baku to advance regional cooperation within the Association of Southeast Asian Nations (ASEAN).
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COP29: Peru details operational timeline of national carbon registry

Carbon Pulse - Tue, 2024-11-19 02:32
The Peruvian government on Monday detailed next steps for operationalisation of its National Registry of Greenhouse Gas Mitigation Activities (RENAMI).
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KEY TAKEAWAYS: WoodMac on US energy policy under Trump 2.0

Carbon Pulse - Tue, 2024-11-19 02:24
A second Trump administration is set to redirect US energy policy, moving away from net-zero emissions targets and introducing significant shifts in trade and regulatory frameworks, according to consultancy Wood Mackenzie.
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Cop29 delegates told to ‘cut the theatrics’ and tackle climate crisis

The Guardian - Tue, 2024-11-19 02:21

UN climate chief addresses climate summit with no agreement in sight on how to help developing countries

Countries meeting in Azerbaijan to discuss a new global financial settlement for tackling the climate crisis must “cut the theatrics” and get down to serious business, the UN has said.

The UK and Brazil have been drafted in to try to break a logjam at the Cop29 climate summit, which entered its second week on Monday with no agreement in sight on the key issue of how to channel at least $1tn a year to developing countries.

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COP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups

Carbon Pulse - Tue, 2024-11-19 02:04
A provision that "encourages" scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.
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