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Denmark’s climate minister wants agriculture in EU ETS-style market -media

Carbon Pulse - Tue, 2023-11-07 03:55
The EU agriculture sector should be covered in an EU ETS-inspired market that rewards least polluting farmers, Denmark's climate and energy minister Lars Aagaard said in an interview.
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Europe’s short-haul aviation industry faces “existential threat” from regulations, customer perception, says executive

Carbon Pulse - Tue, 2023-11-07 03:22
European domestic and inter-regional airlines are under threat from punitive emissions regulations and changing customer perceptions around short-haul flights, and risk becoming economically unviable depending on the speed at which net zero technologies become available, an airline executive told a conference on Monday.
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Forget virtue signalling. Vice signalling is now all the rage – and the Tories are experts | Zoe Williams

The Guardian - Tue, 2023-11-07 03:10

In showing their disdain for the climate crisis, homelessness and refugees, the Conservatives are being deliberately provocative, and they expect us to lap it up

Imagine someone had said to King Charles: “Yes, you are going to end up top dog, but you won’t give your first address to parliament as king until a week before your 75th birthday. And, in it, you’ll have to walk the country through new annual oil and gas licences that represent a disregard for the future of the planet that you’ve spent your adult life worrying about.” Well, the poor guy would have been pretty dispirited. In fact, these energy plans look like a deliberate provocation – so much so that you have to wonder whether Rishi Sunak and the king have beef we don’t know about.

The oil and gas licences themselves are nonsense. Sunak knows that. None of the major industry players are rewriting their business strategies on the understanding that the Tories will be in power even this time next year, let alone on a rolling annual basis beyond that. The fields under offer are unlikely to produce enough oil and gas to meet our need for what Sunak calls “energy security”; Shell and BP have already sold some of their North Sea assets. In other words, this policy has no concrete practical application. It is pure vice-signalling.

Zoe Williams is a Guardian columnist

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Turkey to launch ETS next year, says minister -media

Carbon Pulse - Tue, 2023-11-07 01:32
The Turkish minister of energy and natural resources has said the country's ETS will be put into operation next year, according to domestic media reports, and will be run by the electricity and natural gas market operator.
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Oil-rich Brunei set to propose carbon pricing roadmap, eyes voluntary market initially

Carbon Pulse - Tue, 2023-11-07 01:19
Brunei Darussalam’s government is set to propose a carbon pricing roadmap this week, with the oil producing nation likely to favour a voluntary approach initially, a senior official told a conference on Monday.
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US and UK militaries owe combined $111bn in climate reparations – study

The Guardian - Tue, 2023-11-07 01:15

Exclusive: study finds militaries have generated about 430m metric tonnes of CO2 emissions since 2015 Paris accords

The US and UK militaries owe at least $111bn in reparations to communities most harmed by their planet-heating pollution, a first-of-its-kind study calculates.

The research employs a “social cost of carbon” framework – a way to estimate the cost, in dollars, of the climate damage done by each additional tonne of carbon in the atmosphere.

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Just Stop Oil protesters break glass cover of painting at National Gallery – video

The Guardian - Tue, 2023-11-07 00:30

Two Just Stop Oil activists wielding safety hammers smashed the glass cover of a painting at the London National Gallery on Monday.

The painting they targeted was an artwork from the 1600s that was previously attacked by the suffragette Mary Richardson in 1914. 'Women did not get the vote by voting. It is time for deeds and not words. It is time to just stop oil,' said one of protesters.

Police said the two activists had been arrested on suspicion of criminal damage

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UK government set to mandate annual oil and gas licensing rounds

Carbon Pulse - Tue, 2023-11-07 00:26
The UK government is set to put into law annual licensing rounds for offshore oil and gas production, the Department for Energy Security and Net Zero has announced, provided tests are met that ensure facilities “support the transition to net zero”.
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Canada, British Columbia, First Nations ink billion-dollar biodiversity agreement

Carbon Pulse - Mon, 2023-11-06 23:05
Canada’s federal government, the province of British Columbia (BC), and the First Nations Leadership Council have signed off on a shared approach to implementing habitat restoration and species-specific actions in the province.
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Corporate net zero targets on the rise, but most not Paris-aligned -report

Carbon Pulse - Mon, 2023-11-06 22:54
The number of publicly-listed companies setting a net zero emissions target has risen by 40% compared to a little more than a year ago, according to a global analysis published on Monday by a research consortium that includes the UK's University of Oxford, but only 4% of these targets are aligned with the Paris Agreement.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2023-11-06 22:42
European carbon permit prices dropped to a new one-year low on Monday morning as traders continued to build short positions, while energy markets extended their recent losses as the demand outlook remained moderate amid warm weather and high gas storage levels.
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UK lines up support package for its remaining integrated steelworks -media

Carbon Pulse - Mon, 2023-11-06 22:21
The UK government is due to announce later on Monday a support package to convert the nation’s remaining coal-based steelmaking to run on electricity, public broadcaster BBC reported.
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South Korean carbon project developer announces IPO

Carbon Pulse - Mon, 2023-11-06 20:03
A major carbon credit project developer and trader in South Korea will get listed on a domestic exchange later this month, and plans to use IPO revenue to further expand its presence in the international voluntary market.
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“Steamrolled:” Loss and Damage deal described as “sombre day” for climate justice

RenewEconomy - Mon, 2023-11-06 19:36

“This was not climate justice provided but naked power politics by developed countries, led by the US, at its worst,” say critics of key decision taken ahead of climate talks.

The post “Steamrolled:” Loss and Damage deal described as “sombre day” for climate justice appeared first on RenewEconomy.

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Bouldercombe big battery back in action after cause of fire identified

RenewEconomy - Mon, 2023-11-06 19:28

bouldercombe big battery genex teslaBouldercombe big battery is back in action and should be fully commissioned within weeks after the cause of the fire in September was identified.

The post Bouldercombe big battery back in action after cause of fire identified appeared first on RenewEconomy.

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Norway eyes potential first Article 6 credit purchase next year

Carbon Pulse - Mon, 2023-11-06 19:28
Norway may make its first purchase of international carbon credits under the Paris Agreement in 2024, as part of efforts to reduce emissions beyond what it has pledged in the 2015 climate pact.
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Japanese trading house to expand forest carbon portfolio in Malaysia

Carbon Pulse - Mon, 2023-11-06 18:41
A major Japanese trading house has established partnerships with two Malaysian companies for the potential operation of forestry projects in the Southeast Asian country, which could restore biodiversity and create carbon credits, it announced Monday.
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UN arm asks governments to account for $10 trillion hidden costs of food

Carbon Pulse - Mon, 2023-11-06 18:00
The Food and Agriculture Organization of the United Nations (FAO) is approaching governments to ask them to account for the hidden $10 trillion environmental, social, and health costs of the food system in a report.
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Australian bank to end land clearing support from 2026

Carbon Pulse - Mon, 2023-11-06 17:40
Australia’s Westpac on Monday announced it will end lending to the conversion of natural forest to agricultural land, as it became the nation’s first bank to release a natural capital position statement and pledge an ambition to become nature positive.
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Beef, soy and palm oil products linked to deforestation still imported into UK

The Guardian - Mon, 2023-11-06 16:00

Campaigners accuse government of failing to stick to promises made at Cop26 climate summit in 2021

Beef, soy and palm oil products driving deforestation are still being imported into the UK, despite government promises this practice would end, data has revealed.

Campaigners have criticised the Department for Environment, Food and Rural Affairs (Defra) for failing to put practices in place to stop the import of goods from areas with high deforestation rates. This is despite the government having promised at the Cop26 climate conference in 2021 to implement the rules.

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