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Turkiye launches industrial decarbonisation platform, targets $5 bln by 2030

Carbon Pulse - Mon, 2024-11-25 23:04
Turkiye has unveiled a new industrial decarbonisation investment platform that targets $5 billion in funding by 2030 to cut over 20 million tonnes of carbon emissions annually.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-11-25 22:17
European carbon prices advanced on Monday morning as the strong correlation with natural gas dragged EUA prices higher, while TTF traders reacted bullishly to an LNG supply outage in Australia and on forecasts calling for cooler temperatures and less wind.
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ADB launches plan to scale nature investments

Carbon Pulse - Mon, 2024-11-25 20:35
The Asian Development Bank (ADB) has launched a road map for increasing its nature positive investments, part of which involves exploring biodiversity credits.
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South Korea, Malaysia to work together on international emissions reduction projects

Carbon Pulse - Mon, 2024-11-25 19:59
South Korea and Malaysia have teamed up to cooperate on GHG emissions initiatives, initially targeting a landfill project based in Terengganu state.
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Largest great white shark ever caught in Queensland control program was pregnant with four pups

The Guardian - Mon, 2024-11-25 18:54

Female almost the length of a shipping container was found dead on a drumline in August, primary industries department has revealed

The largest great white shark ever caught in Queensland’s shark control program died while pregnant with four pups, the primary industries department has revealed.

A female white shark was found dead on a shark-catching drumline near Gladstone in August. Queensland’s Department of Primary Industries took samples for research purposes and has been collaborating with researchers interstate, a spokesperson said.

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AU Market: Activity, prices soften as updated landfill gas method expected to be signed by year’s end

Carbon Pulse - Mon, 2024-11-25 18:46
Activity in the Australian Carbon Credit Unit (ACCU) market has slowed, according to analysis published Monday, while a waste operator told shareholders it expected the updated landfill gas methodology will be finalised by the end of the calendar year.
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Fire ant rafts could float down Queensland river after recent heavy rains, expert warns

The Guardian - Mon, 2024-11-25 17:04

Growing infestations along the Logan river pose ‘very high risk’ of spreading downstream, Invasive Species Council says

An increase in fire ant infestations along Queensland’s Logan River is raising concerns Australia’s worst invasive species could form floating rafts and spread downstream.

The Invasive Species Council advocacy manager, Reece Pianta, said governments should urgently ramp up eradication efforts along the Logan River, in south-east Queensland.

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INC-5: BRIEFING – Plastic credit market tipped to grow “with or without” UN treaty

Carbon Pulse - Mon, 2024-11-25 17:00
Demand for voluntary plastic credits is slated to expand regardless of their inclusion in the UN global plastic treaty under negotiation in Busan, major standard bodies told Carbon Pulse, amid growing concerns from environmental groups over the credibility of the nascent market.
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Multilateralism faces a toxic brew of debt, climate crisis and war. It’s time for a reboot | Mo Ibrahim

The Guardian - Mon, 2024-11-25 17:00

The stakes are high for donors at next month’s IDA summit in Seoul, but not investing in development means more instability globally

Multilateralism is under attack. A toxic brew of multiplying conflicts, worsening climate impact, new pandemics and spiralling debt has brought the system to its knees, appearing almost incapable of properly addressing these converging crises. Adding the unknowns of a Trump administration into the mix will do little to allay concerns.

My own critiques of the current multilateral system are well documented, but I do not subscribe to the view that it has no future. What’s needed is a total reboot.

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Foreign firms taking billions of litres from UK aquifers to make bottled water

The Guardian - Mon, 2024-11-25 16:00

Coca-Cola extracts largest amount of freshwater of any drinks company in England, FoI request finds

Foreign multinational companies are extracting billions of litres of water from British aquifers to sell as bottled water, the Guardian can reveal.

Coca-Cola extracts the largest amount of freshwater of any drinks company in England, the data obtained through freedom of information legislation shows. It has a licence to extract 1.59bn litres of water a year from boreholes in Sidcup, Kent for its soft drinks. On top of that, it has the right to take 377m litres for its bottled water brands Glaceau Smartwater and Abbey Well from Morpeth in Northumberland.

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NZ Market: NZUs trade just above auction price floor as anticipation grows

Carbon Pulse - Mon, 2024-11-25 15:39
Spot New Zealand carbon allowances on Monday traded just above the auction price floor for the first time since March, as observers said the market’s long quiet stretch is a sign of positive things to come.
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After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed

The Conversation - Mon, 2024-11-25 15:35
The new system may essentially give countries and companies permission to keep polluting. Kate Dooley, Senior Research Fellow, School of Geography, Earth and Atmospheric Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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PNG environmental groups oppose carbon market regulations being tested on “guinea pig” communities  

Carbon Pulse - Mon, 2024-11-25 15:30
Environmental groups have written to the Papua New Guinea government opposing its efforts to test its carbon market regulations on so-called “guinea pig” communities before addressing what it says are serious issues with the rules.
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The Australia-Pacific bid to host UN climate talks in 2026 is in limbo. What now?

The Conversation - Mon, 2024-11-25 15:12
Australia and Pacific nations won’t know until June next year if they’re hosting the COP31 climate talks. But with tens of thousands of people potentially coming, they need to start planning now. Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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Carnival cruise line emitted more CO2 in 2023 than Scotland’s biggest city – report

The Guardian - Mon, 2024-11-25 15:00

World’s largest cruise line named Europe’s most climate-polluting, despite investing millions in cleaner technologies

The world’s largest cruise line company is responsible for producing more carbon dioxide in Europe than the city of Glasgow, a report has found.

Analysis by the Transport and Environment (T&E) campaign group, provided to the Guardian, found Carnival to be the most climate-polluting cruise company sailing in Europe in 2023.

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