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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-10-31 22:13
European carbon prices weakened on Thursday morning, dragged lower by falling natural gas and breaking below a key technical support mid-morning, as the market continued to occupy the €60-€68 range for a ninth week.
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Ella Kissi-Debrah’s mother to receive settlement over death linked to air pollution

The Guardian - Thu, 2024-10-31 20:35

UK government offers undisclosed sum in compensation to Rosamund Adoo-Kissi-Debrah for daughter’s untimely death

The mother of a nine-year-old girl who became the first person in the UK to have air pollution cited on their death certificate will receive an undisclosed settlement from the government in compensation for her daughter’s untimely death.

Settling a legal case, the Department for Environment, Food and Rural Affairs, the Department for Transport and the Department of Health and Social Care issued a statement expressing sincere condolences to the family of Ella Kissi-Debrah, from south-east London, who had a fatal asthma attack in 2013 after being exposed to excessive air pollution.

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PNG closer to carbon market, confirms COP29 boycott

Carbon Pulse - Thu, 2024-10-31 20:24
Papua New Guinea is closer to a carbon market but is waiting on a few key steps, a senior official said this week, as news comes the nation has confirmed it will boycott this year’s COP29 summit in Baku, Azerbaijan.
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Macao opens international carbon exchange

Carbon Pulse - Thu, 2024-10-31 17:45
Macao this week unveiled a voluntary carbon exchange backed by a leading Chinese private equity firm, which aims to help China link up with international markets.
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BRIEFING: Fate of Australia’s carbon market Safeguard Mechanism uncertain as elections near

Carbon Pulse - Thu, 2024-10-31 17:41
Australia's conservative Coalition party's failure to clarify its position on the Safeguard Mechanism and the lengthy development process of new Australian Carbon Credit Unit (ACCU) methods has created an air of uncertainty in the market, experts told Carbon Pulse this week.
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FII24: Carbon registries urged to integrate AI into methodologies

Carbon Pulse - Thu, 2024-10-31 17:06
Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said. 
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Alarm grows over ‘disturbing’ lack of progress to save nature at Cop16

The Guardian - Thu, 2024-10-31 16:00

Fears raised that biodiversity summit not addressing countries’ failure to meet a single target to stem destruction of natural world

Governments risk another decade of failure on biodiversity loss, due to the slow implementation of an international agreement to halt the destruction of Earth’s ecosystems, experts have warned.

Less than two years ago, the world reached a historic agreement at the Cop15 summit in Montreal to stop the human-caused destruction of life on our planet. The deal included targets to protect 30% of the planet for nature by the end of the decade (30x30), reform $500bn (then £410bn) of environmentally damaging subsidies, and begin restoring 30% of the planet’s degraded ecosystems.

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Australia Market Roundup: State of the Climate report warns of increasing ocean temperatures, nearly 800,000 ACCUs issued

Carbon Pulse - Thu, 2024-10-31 15:58
The State of the Climate report shows Australia's average temperatures have already risen 1.5 C for the first time since records began, as the latest Clean Energy Regulator issuance saw an increase in Australian Carbon Credit Units (ACCUs).
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Beijing to auction off 1 mln carbon permits under local ETS as compliance deadline draws near

Carbon Pulse - Thu, 2024-10-31 15:39
The Beijing municipal government will auction one million carbon allowances under its pilot emissions trading scheme in November, with a price floor for the sale to be set later.
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COP29 at risk due to pro-fossil fuel agenda and corruption, global NGO says

Carbon Pulse - Thu, 2024-10-31 15:00
Hopes of tangible progress at the approaching UN climate summit COP29 in Baku, Azerbaijan, are at risk of being quashed by pro-fossil fuel interests and signs of government corruption, according to a report by Transparency International (TI) released Thursday.
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Deadliest weather made worse by climate change - scientists

BBC - Thu, 2024-10-31 14:27
Human-caused climate change made recent extreme weather events more intense and more likely, new analysis finds.
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Deadliest weather made worse by climate change - scientists

BBC - Thu, 2024-10-31 14:27
Human-caused climate change made recent extreme weather events more intense and more likely, new analysis finds.
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Brazilian prosecutor’s office asks to escalate state-level carbon market cases to feds

Carbon Pulse - Thu, 2024-10-31 09:53
Brazil’s Federal Public Prosecutor’s office (MPF) on Tuesday called upon state courts to decline three carbon project cases in favour of federal jurisdiction, in the name of addressing carbon markets questions of national consequence.
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ARB unveils partnership to ramp up SAF availability in California

Carbon Pulse - Thu, 2024-10-31 09:50
California has reached an agreement with an airlines trade organisation to scale the state’s sustainable aviation fuel (SAF) supply to 200 million gallons (757 million litres) by 2035, regulator ARB said Tuesday.
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BRIEFING: Transition carbon credits considered promising solution, but challenges remain

Carbon Pulse - Thu, 2024-10-31 09:44
Experts outlined during a Wednesday webinar the potential for so-called "transition" carbon credits to facilitate the energy transition, but noted that challenges remain in the ongoing development of the nascent asset class.
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Individual action on climate was tarred as greenwashing or virtue signalling. But it still has a place

The Conversation - Thu, 2024-10-31 09:43
Personal action on climate still has a place – but it works far better with institutional backing Sukhbir Sandhu, Associate Professor in Sustainability, University of South Australia Licensed as Creative Commons – attribution, no derivatives.
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