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‘Welfare for the rich’: how farm subsidies wrecked Europe’s landscapes

The Guardian - Sat, 2024-11-02 15:00

The steep and stark environmental decline was not supposed to happen under the common agricultural policy

The Rhine overflowed last winter, covering fields miles from the river and in some places leaving just the tops of trees visible.

But Thomas Bollig, who farms just a few miles from the banks of the Rhine, was not worried. Even as floods inundated the fields of his neighbours, making sowing impossible, his holdings were largely unaffected. Bollig farms organically, and the natural methods he uses to improve his soil allow his fields to hold more water when it rains, and release it gradually, coping well with floods and droughts.

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CFTC: Financial entities build net CCA length ahead of Q4 auction, WCA holdings pick up as repeal vote nears

Carbon Pulse - Sat, 2024-11-02 12:13
Financial entities increased their California Carbon Allowance (CCA) holdings ahead of the final WCI quarterly auction, while Washington Carbon Allowance (WCA) holdings rose amid expectations that a voter initiative to repeal the carbon market will fail at the Nov. 5 election.
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RGGI emissions drop over 3% YoY in Q3, reversing YtD trend

Carbon Pulse - Sat, 2024-11-02 11:59
Covered emissions under the RGGI regional power sector ETS fell over 3% year-on-year (YoY) in Q3, programme data showed Friday, following two prior quarters of precipitous growth.
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Argentine congress debuts carbon markets bill -media

Carbon Pulse - Sat, 2024-11-02 08:00
Argentina’s carbon industry organisation has partnered with members of the Chamber of Deputies and Senate to present a carbon markets bill in both houses of the national legislature, according to local media.
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The Guardian view on climate-linked disasters: Spain’s tragedy will not be the last | Editorial

The Guardian - Sat, 2024-11-02 04:30

More than 200 deaths and widespread destruction in Valencia are the latest sign of danger in a warming world

The death toll from floods in Spain’s Valencia region has topped 200. A huge clean-up is under way amid desperate conditions, with severe weather warnings still in place. The storms which caused this devastation – with roads turned into muddy rivers, thousands of homes deluged and cars swept into piles – were unprecedented. The gota fría, or “cold drop”, is a regular occurrence when cold autumnal air moves over the warm Mediterranean, causing dense clouds to form. But this rain, according to the Spanish weather service, was 10 times stronger than a normal downpour.

Extreme weather in Spain, and the rest of southern Europe, is more commonly understood to mean dangerous heat, drought and wildfires. The regional government is under attack regarding the lack of sufficient warnings and there is no doubt that the severity of these floods came as a terrible shock.

Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here.

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PREVIEW: The climate tests awaiting EU commissioners-designate in Parliament hearings

Carbon Pulse - Sat, 2024-11-02 03:57
From clean industrialisation, to money, to the justness of the energy transition, to the depth of emissions cuts -- the two European Commission candidates most responsible for climate action are preparing to be grilled by parliamentarians on how they expect the EU's next era of climate policy.
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Climate damages have been underpriced within financial system, finds paper

Carbon Pulse - Sat, 2024-11-02 02:35
Climate damages have been systematically underpriced within the global financial system, leading to a severe underestimation of the economic impact of global warming, according to a new paper presented Friday.
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‘Very bad precedent’: China and Russia team up to undermine krill fishing restrictions in Antarctica

The Guardian - Sat, 2024-11-02 00:00

Conservationists warn actions and ambitions of two super powers could lead to overexploitation of vital food source for whales, penguins and seals

China and Russia are working together to block new Antarctic marine parks and loosen krill fishing restrictions, undermining a major international convention designed to protect the region from overexploitation, according to analysts and conservationists.

With the support of Russia, China reportedly used its veto rights at a meeting of the 26-nation Commission for the Conservation of Antarctic Marine Living Resources (CCAMLR) in Tasmania to prevent the renewal of an agreement restricting krill fishing.

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The clean-up begins after devastating floods in Valencia – in pictures

The Guardian - Fri, 2024-11-01 23:39

More than 200 people have died in Valencia and neighbouring provinces after floods hit the east of Spain. According to the country’s national weather agency, Valencia received a year’s-worth of rain on 29 October, causing flash floods that destroyed homes and swept away vehicles

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INTERVIEW: German startup aims to take enhanced rock weathering from local to global

Carbon Pulse - Fri, 2024-11-01 22:29
A German startup working with small farmers to remove carbon through enhanced rock weathering is planning to go global and launch its first projects outside Europe as soon as next year, its CEO told Carbon Pulse.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2024-11-01 22:17
European carbon prices clawed back some of their significant post-settlement loss from Thursday, outperforming energy markets on Friday morning, as traders waited for more information on reports that EU buyers were near to an agreement to buy gas from Azerbaijan, replacing lost volumes from Russia.
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Azerbaijan boosts decarbonisation target, considers carbon tax -media

Carbon Pulse - Fri, 2024-11-01 21:48
COP29 host Azerbaijan has boosted its decarbonisation target and is considering the introduction of a carbon tax, said ministers at an Azerbaijani conference, according to local media.
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CN Markets: CEAs break new record again, prices likely above $14 until year end

Carbon Pulse - Fri, 2024-11-01 21:08
Chinese carbon prices hit record highs again over the past week as the year-end compliance deadline draws near, with analysts expecting prices to stay well above the 100 yuan ($14.04) level throughout the rest of the year.
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A Trump presidency could ‘cripple’ the Paris climate agreement, warns UN chief

The Guardian - Fri, 2024-11-01 21:00

António Guterres says treaty will endure but urges US to remain amid reports of Republican plan to withdraw from the climate negotiating framework entirely

The world needs the US to remain in the international climate process to avoid a “crippled” Paris agreement, the UN secretary general has warned, amid fears that Donald Trump would take the country out of the accord for a second time.

António Guterres said the landmark 2015 agreement to limit global heating would endure if the US withdrew once again, but compared the prospective departure to losing a limb or organ.

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Most EU countries expected to fail under non-ETS obligations, need extra allocations

Carbon Pulse - Fri, 2024-11-01 20:55
The majority of European countries are struggling to cut emissions from sectors outside of the EU ETS and risk needing extra permits, data shows.
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FII24: INTERVIEW – Global North compliance schemes should be open to Global South credits, says Kenyan DAC CEO

Carbon Pulse - Fri, 2024-11-01 20:18
Compliance carbon markets in the Global North should be open to accepting high-quality carbon removal credits from Africa, with any argument to the contrary illogical, the CEO of a Kenyan direct air capture (DAC) project developer told Carbon Pulse.
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Climate adaptation significantly underfunded in low-income, low-emission countries -report

Carbon Pulse - Fri, 2024-11-01 20:13
Climate finance flows from multilateral development banks (MDBs) are falling short on adaptation support for low-income, low-emission countries, according to a new report released on Thursday.
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PFAS mixtures more toxic than single compounds, suggesting higher danger

The Guardian - Fri, 2024-11-01 20:00

First-of-its-kind research highlights need for change to regulation, as humans almost always exposed to mixtures

Mixtures of different types of PFAS compounds are often more toxic than single chemicals, first-of-its-kind research finds, suggesting humans’ exposure to the chemicals is more dangerous than previously thought.

Humans are almost always exposed to more than one PFAS compound at a time, but regulatory agencies largely look at the chemicals in isolation from one another, meaning regulators are probably underestimating the health threat.

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Korean PM unveils Hydrogen City plan, promises to become leader in liquid hydrogen shipping

Carbon Pulse - Fri, 2024-11-01 19:52
South Korea has demarcated three areas for hydrogen development to support the clean fuel’s development as part of its Hydrogen Cities 2.0, Prime Minister Han Duck-soo confirmed Friday.
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Weather tracker: More rain forecast in Spain as storms push in

The Guardian - Fri, 2024-11-01 19:22

Heightened risk Cádiz river could overflow, with yellow and orange rainfall warnings for southern regions

The low-pressure system responsible for Spain’s most devastating floods in decades in Valencia also set new rainfall records across south-eastern Spain. In Jerez de la Frontera, 115mm of rain fell in 24 hours on Wednesday – the wettest day on record for the southern Spanish city. The deluge caused widespread flooding and road closures, and there is a heightened risk that the River Barbate in Cádiz could overflow as more rain is forecast through Friday and into the weekend.

While the rare red warning issued on Thursday for Valencia has expired, Spain’s national meteorological service, Aemet, has maintained yellow and orange rainfall warnings for southern and Mediterranean regions as storms continue to push in.

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