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Cop29 gave us a Putin-friendly deal – and a glimpse of the dark future of climate talks | Fiona Harvey

The Guardian - Wed, 2024-12-04 01:55

The Baku Cop29 talks were marked by division and self-interest, with rancorous meddling right until the end

  • Fiona Harvey is an environment editor at the Guardian

When I first visited Azerbaijan this spring, one fixture of the Baku skyline was unmissable. The bright orange of flaring – the product of the oil and gas extraction that makes up 90% of Azerbaijan’s export revenues – lit up the night sky, not far from the Olympic stadium, where nearly 200 nations would gather in November for the Cop29 climate summit.

Flaring burns methane, a powerful greenhouse gas, and is a major source of carbon emissions. If all the world’s flared gas were captured instead, it could power sub-Saharan Africa. But that entails installing new equipment, so producers don’t bother.

Fiona Harvey is an environment editor at the Guardian

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Sustainable aviation too slow to take off, finds report

Carbon Pulse - Wed, 2024-12-04 01:30
A mere 12% of airlines around the world are making "noteworthy efforts" to switch from kerosene to truly sustainable aviation fuels (SAFs), while the others are either buying too little or the wrong kind of alternative, according to an NGO ranking published on Tuesday.
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First industrial cement CCS plant ready to test CO2 storage under North Sea

Carbon Pulse - Wed, 2024-12-04 01:08
A German building company is on track to complete the first industrial-scale carbon capture and storage (CCS) plant for the cement industry, with the system now ready for testing.
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Shift in sentiment in Brussels could lead to softening of ETS2, as EUAs set to rise more slowly –analyst

Carbon Pulse - Wed, 2024-12-04 00:46
The European Union could make adjustments to, or delay the implementation of, its ETS2 mechanism amid a shift in priorities at the heart of the EU, an analyst said on Tuesday.
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Nuclear energy debate draws stark gender split in Australia ahead of next year’s election

The Guardian - Wed, 2024-12-04 00:00

Survey finds 25 percentage point gender gap across all age brackets on whether nuclear power would be positive for the country, with majority of men saying it would

New data points to a stark gender split in attitudes towards nuclear energy, with women much more likely to say they don’t support it or think the risks are too great.

Research company DemosAu surveyed 6,000 people on behalf of the Australian Conservation Foundation and found 26% of women thought nuclear energy would be good for Australia, compared with 51% of men.

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Article 6 deal puts pressure on capital markets to deliver for climate, says legal expert

Carbon Pulse - Tue, 2024-12-03 23:14
The deal reached at COP29 to finalise Article 6 of the Paris Agreement marked a pivotal moment for the establishment of international carbon markets. Now, the challenge lies in demonstrating that capital markets can deliver results for the climate, a leading international legal expert said on Tuesday.
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Brussels caps 2027 ETS2 carbon allowances in line with planned emissions decline

Carbon Pulse - Tue, 2024-12-03 22:41
The European Commission will cap the number of carbon permits in the incoming trading scheme for transport and buildings at just over 1 billion in 2027, in line with a gradual reduction of emissions under existing measures.
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EU-UK should align on carbon pricing, CCS to build thriving clean tech hub -report

Carbon Pulse - Tue, 2024-12-03 22:34
The EU and UK should explore linking their emissions trading systems and cooperate on cross-border carbon capture and storage (CCS) under efforts to form a resilient clean tech hub on the global stage, an industry body said on Tuesday.
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Coca-Cola accused of quietly dropping its 25% reusable packaging target

The Guardian - Tue, 2024-12-03 22:34

Exclusive: Campaigners say company’s apparent abandoning of 2030 pledge is a ‘masterclass in greenwashing’

Coca-Cola has been accused of quietly abandoning a pledge to achieve a 25% reusable packaging target by 2030 in what campaigners call a “masterclass in greenwashing”.

The company has been previously found by researchers to be among the world’s most polluting brands when it comes to plastic waste.

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Chinese conglomerate launches climate tech innovation programme

Carbon Pulse - Tue, 2024-12-03 22:34
A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.
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‘Substantial’ increase in grey squirrels in England is concerning, campaigners say

The Guardian - Tue, 2024-12-03 22:33

Numbers of red and grey squirrels rising, survey finds, but more greys are present in last remaining red strongholds

Campaigners are concerned about the rising presence of grey squirrels in England’s last remaining strongholds of reds.

An annual distribution survey of about 250 sites in woodlands and gardens across northern England shows that occupancy figures for red and grey squirrels are increasing – but they are rising more steeply for greys.

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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-12-03 22:17
European carbon prices eased on Tuesday, despite colder weather forecasts, as they continued to track TTF natural gas, which slipped marginally lower following two bullish sessions amid expected comfortable supply fundamentals for winter.
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China sees first registered voluntary carbon project since market relaunch

Carbon Pulse - Tue, 2024-12-03 20:44
China has seen the registration of a first voluntary project under its national offset scheme since the market relaunched earlier this year, moving one step closer to the issuance of new credits.
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Fragmentation of standards a fact of life in new carbon market landscape, say experts

Carbon Pulse - Tue, 2024-12-03 20:20
Fragmentation in international carbon markets is now a “reality”, and it is unlikely that there will be a single global standard for credits as countries continue to take different approaches in terms of project development, according to panelists speaking at a conference on Tuesday.
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FEATURE: Industrial emitters shun EU carbon market, leaving analysts scratching their heads

Carbon Pulse - Tue, 2024-12-03 19:37
Europe's industrial slump is widely seen as the main driver behind weak demand for CO2 allowances on the EU carbon market, but some analysts suggest emitters may also be satisfied with the status quo while betting that Europe will eventually backtrack on its climate ambitions or – at the very least – adjust its policies.
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Tanzania launches $4.5 mln forest restoration initiative -media

Carbon Pulse - Tue, 2024-12-03 19:25
Tanzania has announced a $4.5 million programme aimed at restoring 5.2 mln hectares of degraded forests as part of its commitment to the African Forest Landscape Restoration Initiative (AFR100).
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Carbon accounting firm launches CSRD tool, appoints new CEO

Carbon Pulse - Tue, 2024-12-03 19:00
A Stockholm-headquartered carbon accounting platform on Tuesday unveiled a new Corporate Sustainability Reporting Directive (CSRD) solution and announced the appointment of a new CEO.
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