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The Guardian view on the climate emergency: we cannot afford to despair | Editorial

The Guardian - Thu, 2024-05-09 03:32

Top experts believe global temperatures will rise by at least 2.5C above pre-industrial levels by 2100. That frightening prediction must spur us to action

First, the good news. We understand the problem: almost two-thirds of people worldwide believe the climate crisis is an emergency. We know what needs to be done, and should be confident that we will be able to achieve it, thanks to the rapid advance of renewable technologies. Collectively, we can also muster the money to do it.

The scale and speed of global heating make it hard to hang on to these facts. But it is also why we must focus on them rather than throwing up our hands. New research by the Guardian has found that hundreds of the world’s top climate scientists believe global temperatures will rise by at least 2.5C above pre-industrial levels by the century’s end, far above the internationally agreed limit. Only 6% of those surveyed, all from the Intergovernmental Panel on Climate Change, thought that the 1.5C target could be met.

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Surge of patents in CDR technologies this year signals market set for rapid growth

Carbon Pulse - Thu, 2024-05-09 03:01
An explosion of patents has lit up the carbon dioxide removal (CDR) market, signalling the nascent market is on the cusp of entering into the growth stage.
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Malaysia offers trade partners 'orangutan diplomacy'

BBC - Thu, 2024-05-09 02:47
The great apes are proposed as gifts for palm oil importers, but conservationists voice concerns.
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EU failing to protect remote marine areas, WWF says

Carbon Pulse - Thu, 2024-05-09 00:49
EU countries are largely failing to protect their marine areas in the bloc's most remote regions, with national strategies often misaligned with the European Green Deal goals, a WWF report said on Tuesday.
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I’m a British farmer. Here’s the scary truth about what’s happening to our crops | Guy Singh-Watson

The Guardian - Thu, 2024-05-09 00:26

The climate crisis is making the farming business unsustainable – and without support for us, food security will suffer too

  • Guy Singh-Watson is the founder of organic veg box company Riverford

Farming has always been a risky business. To the chaos of Brexit and the relentless squeezing of the supermarkets, we can add the rapidly escalating threats associated with climate change. In most industries, at the point where risk is judged to outweigh the potential commercial reward, both capital and people tend to make a swift exit, following economist Adam Smith’s “invisible hand” of self-interest.

The problem with farming is that most farmers are emotionally invested in their work. An exit is seldom considered – perhaps we should be more like the bankers, but they wouldn’t be much good at growing potatoes.

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Disease and hunger soar in Latin America after floods and drought, study finds

The Guardian - Thu, 2024-05-09 00:00

Climate chaos is threatening food production, trade and lives, says World Meteorological Organization

Hunger and disease are rising in Latin America after a year of record heat, floods and drought, a report by the World Meteorological Organization (WMO) has shown.

The continent, which is trapped between the freakishly hot Pacific and Atlantic Oceans, probably suffered tens of thousands of climate-related deaths in 2023, at least $21bn (£17bn) of economic damage and “the greatest calorific loss” of any region, the study found.

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Australia’s mining sector well placed to lead on Safeguard credits -expert

Carbon Pulse - Wed, 2024-05-08 23:08
Miners could emerge as frontrunners in generating Safeguard Mechanism Credits (SMCs) under Australia’s main carbon market programme thanks to their ability to abate emissions and the varied GHG profiles of different assets, a conference in the country’s unofficial mining capital of Perth heard Thursday.
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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-05-08 23:01
European carbon prices jumped in early Wednesday trading as traders anticipated a pause in the auction programme for the next two days, while the weekly positions data showed investment funds continuing to trim their bearish bets for a fourth week in a row.
Categories: Around The Web

Carbon removal competition selects 20 finalists to compete for $50 mln prize

Carbon Pulse - Wed, 2024-05-08 22:00
A global competition to support innovators developing carbon removal solutions has announced its cohort of 20 finalists set to compete in the last stage, with $50 million up for grabs for the winning team able to demonstrate sustainable and cost-effective carbon removal from the atmosphere or ocean.
Categories: Around The Web

INTERVIEW: Developer sells clean cooking credits for $30 through use of more conservative methodology

Carbon Pulse - Wed, 2024-05-08 21:00
A developer of clean cookstove projects in Kenya has sold its first tranche of credits to a multilateral buyer for several times the typical value of cookstove credits on the voluntary carbon market, with the credits the first to be issued for a biomass project in Africa under a new methodology.
Categories: Around The Web

Series of institutional investment natural capital funds prepares for launch

Carbon Pulse - Wed, 2024-05-08 20:46
A series of large nature investment funds focused on real assets will launch on a new platform, which should appear next year, from the investment arms of a Dutch bank and a Canadian pension fund.
Categories: Around The Web

ASEAN region runs risk of “severe underinvestment” from the private sector across all energy technologies

Carbon Pulse - Wed, 2024-05-08 20:02
Southeast Asia is witnessing significant underinvestment in the energy transition and renewable energy, mostly because the private sector has been contributing a negligible percentage of its asset base, a financial consultant told a virtual conference on Wednesday.
Categories: Around The Web

World’s top climate scientists expect global heating to blast past 1.5C target

The Guardian - Wed, 2024-05-08 19:00

Exclusive: Planet is headed for at least 2.5C of heating with disastrous results for humanity, poll of hundreds of scientists finds

Hundreds of the world’s leading climate scientists expect global temperatures to rise to at least 2.5C (4.5F) this century, blasting past internationally agreed targets and causing catastrophic consequences for humanity and the planet, an exclusive Guardian survey has revealed.

Almost 80% of the respondents, all from the authoritative Intergovernmental Panel on Climate Change (IPCC), foresee at least 2.5C of global heating above preindustrial levels,, while almost half anticipate at least 3C (5.4F). Only 6% thought the internationally agreed 1.5C (2.7F) limit will be met.

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Philippines govt, conglomerates team up to protect massive marine ecosystem

Carbon Pulse - Wed, 2024-05-08 17:03
The Philippines government has partnered with three of the nation’s biggest conglomerates on the conservation of a 1.4-million hectare vital waterway, though some observers expressed concern as the same three firms recently started building an LNG facility in the area.
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NGO claims ArcelorMittal is failing to follow through on commitments to decarbonise

Carbon Pulse - Wed, 2024-05-08 17:01
Steelmaker ArcelorMittal is accused of walking back on commitments to decarbonise, and returning more money to shareholders than it puts into climate action, in a report released Wednesday by an NGO.
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Indonesia environment minister lashes REDD+ project developer for spreading carbon regulation “misinformation”

Carbon Pulse - Wed, 2024-05-08 16:24
Indonesia’s minister for environment and forestry has defended the country’s much-criticised carbon trading regulations, whilst reprimanding comments made by the head of one of the country’s largest REDD+ project developers.
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Venezuela loses its last glacier as it shrinks down to an ice field

The Guardian - Wed, 2024-05-08 16:00

Scientists reclassify Humboldt glacier, also known as La Corona, after it melted faster than expected

Venezuela has lost its last remaining glacier after it shrunk so much that scientists reclassified it as an ice field.

It is thought Venezuela is the first country to have lost all its glaciers in modern times.

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