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NZ ETS auction declines, again – costing the government NZ$1 bln

Carbon Pulse - Wed, 2023-12-06 10:21
Wednesday’s quarterly NZ ETS auction declined, completing a year of failed allowance sales – which will result in the entire year’s worth of auction volume being cancelled.
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Earth on verge of five catastrophic climate tipping points, scientists warn

The Guardian - Wed, 2023-12-06 10:10

Humanity faces ‘devastating domino effects’ including mass displacement and financial ruin as planet warms

Many of the gravest threats to humanity are drawing closer, as carbon pollution heats the planet to ever more dangerous levels, scientists have warned.

Five important natural thresholds already risk being crossed, according to the Global Tipping Points report, and three more may be reached in the 2030s if the world heats 1.5C (2.7F) above pre-industrial temperatures.

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Researchers warn of potential climate tipping points and urge fossil fuel phaseout

Carbon Pulse - Wed, 2023-12-06 10:01
Analysis by more than 200 researchers from around the world, published on Wednesday, has warned of a series of potential negative tipping points for the climate while setting out opportunities to try to create positive tipping points, for instance by phasing out fossil fuels.
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COP28: Alberta eager to produce net zero products for the world

Carbon Pulse - Wed, 2023-12-06 09:37
Least cost, cross-industry innovation, a favourable geologic landscape for carbon storage opportunities, and beneficial tax treatment make Alberta a hub for net zero industrial products, the provincial premier said at a panel discussion on Tuesday at COP28 in Dubai.
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Non-profit says corn ethanol carbon removal is mislabelled

Carbon Pulse - Wed, 2023-12-06 09:30
Producing corn ethanol emits GHGs and using a carbon capture plant at a biofuel facility doesn't result in a net-carbon removal, argued a climate modelling non-profit.
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Australia ends finance for fossil fuel expansion overseas – now focus turns to local subsidies

The Guardian - Wed, 2023-12-06 09:09

Albanese government announces at Cop28 it will phase out offshore support for coal, oil and gas within a year

The Australian government has been praised for joining a global partnership committed to stopping billions of dollars in foreign aid and loans being spent on fossil fuel expansion, but the decision has also prompted renewed calls for it to reconsider polluting subsidies at home.

The Albanese government announced at the Cop28 climate summit that it had joined 40 other countries in signing up to the clean energy transition partnership, an agreement first reached in Glasgow two years ago.

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COP28: Canadian carbon offset fund exceeds initial target

Carbon Pulse - Wed, 2023-12-06 09:00
A Canadian fund to develop offset projects for the North American compliance and voluntary carbon markets has surpassed its initial fundraising target of C$115 million ($84.6 mln).
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PREVIEW: Traders divided over likelihood of RGGI Q4 auction clearing above CCR trigger

Carbon Pulse - Wed, 2023-12-06 08:37
Market participants were divided over whether the December RGGI auction would clear above or below the Cost Containment Reserve (CCR) trigger price, but even participants who were expecting extra volume said it was unlikely to sell out.
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COP28: Abolish fundamentally-flawed carbon offset industry, Dutch NGO urges

Carbon Pulse - Wed, 2023-12-06 08:31
A Dutch NGO has called for the abolishment of the voluntary carbon offset industry, highlighting what it sees as a myriad of fundamental flaws that go to straight the heart of the system.
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Washington lawmakers seek to lighten cap-and-invest regulations for biofuels

Carbon Pulse - Wed, 2023-12-06 08:10
Lawmakers introduced a new bill in Washington’s Senate on Tuesday, looking to loosen cap-and-invest programme requirements for biofuels in the state.
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PREVIEW: Washington’s Q4 carbon allowance auction expected to clear above Tier 1

Carbon Pulse - Wed, 2023-12-06 07:54
Most market observers expect Washington’s final cap-and-trade current vintage auction for 2023 to settle above the Allowance Price Containment Reserve (APCR) Tier 1 price and consequently trigger a reserve permit offering for the third time this year.
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Carbon Quality Manager, Carbon Value Exchange (CaVEx) – Flexible

Carbon Pulse - Wed, 2023-12-06 07:41
The opportunity exists for a suitably qualified candidate to take a leading role in the company's next growth stage. As the Quality Manager you will spearhead the implementation and adherence of international standards (ISO14064-2 in particular), ensuring the development of high-integrity carbon credits.
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COP28: Major UK firms invest in soil carbon startup

Carbon Pulse - Wed, 2023-12-06 06:56
Two major UK-based companies have invested in a soil carbon measurement startup, according to media reports.
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ANALYSIS: EU-US cleaner steel deal to be postponed until after elections amid rules friction

Carbon Pulse - Wed, 2023-12-06 06:07
A definitive deal between the EU and the US involving the decarbonisation of the steel and aluminium industries is likely to be postponed until after next year's elections in both places, as fundamental differences between the two sides have emerged and the EU's carbon border adjustment mechanism has complicated matters.
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COMMENT: US-EU negotiations on sustainable steel and aluminium showed little progress… so, what’s left for EU’s industry?

Carbon Pulse - Wed, 2023-12-06 06:06
Negotiations over the Global Arrangement on Sustainable Steel and Aluminium (GSA) remain stuck in a complex impasse, necessitating substantial concessions that neither the EU or US is willing to provide, writes Irina Kustova, Research Fellow at Centre for European Policy Studies (CEPS).
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Australian homes can be made climate-ready, reducing bills and emissions – a new report shows how

The Conversation - Wed, 2023-12-06 05:24
Most Aussie homes are not suited to the current climate, let alone future extremes. But they can be upgraded. A new report identifies the most common housing types and benefits of renovating. Gill Armstrong, Researcher in architecture and urban planning, Climateworks Centre Michael Ambrose, Research Team Leader, CSIRO Licensed as Creative Commons – attribution, no derivatives.
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NSW shines in November as coal state claims best performing solar farms

RenewEconomy - Wed, 2023-12-06 05:05

Limondale solar farm ryeNew South Wales had a big month of renewables in November, dominating the charts for the best performing big solar generation assets.

The post NSW shines in November as coal state claims best performing solar farms appeared first on RenewEconomy.

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COP28: US states behind on commitments to align with national climate goals, study shows

Carbon Pulse - Wed, 2023-12-06 04:47
The 25 US states aiming to align with the country's nationally determined contribution (NDCs) under the Paris Agreement must turn their emissions pledges into policy, attendees heard at a Tuesday panel as a report was presented showing progress towards the goal.
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Corporates can make carbon neutral claims under ISO with carbon credits that fail CCP grade

Carbon Pulse - Wed, 2023-12-06 04:18
Corporates can claim carbon neutrality under the guidelines of the International Organisation for Standards (ISO) by offsetting their emissions with carbon credits that have failed to meet the CCP integrity label of the ICVCM, an ISO spokesperson confirmed this week.
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Biodiversity Pulse: Tuesday December 5, 2023

Carbon Pulse - Wed, 2023-12-06 04:01
A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).
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