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Cop29 live: tense day predicted as negotiators mull over new draft texts

The Guardian - Thu, 2024-11-21 17:59

Stakes high as officials discuss summit’s key question of how much rich countries should pay for developing nations to cope with climate crisis and decarbonize their economies

In response to the latest text on climate finance, Laurie van der Burg, Oil Change International Global Public Finance Manager, said it was “a mixed bag with good, bad and ugly options.”

“Rich countries now have a last chance to step up to pay the climate debt they owe to the Global South and unlock a fair and funded fossil fuel phaseout, while barring dangerous distractions. Wealthy nations must support delivering the trillions urgently needed in public finance with the majority provided debt-free, which is currently on the table.”

Speaking at a press conference in Baku this morning, Hoekstra was asked for reaction to the lack of a clear figure on the climate finance - which currently just has an “X” for the target on the new collective quantified goal (NCQG).

“It is clearly unacceptable as it stands,” said Hoekstra, giving little else away.

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Western Australia releases CCUS action plan, allocates $17 mln for two major projects

Carbon Pulse - Thu, 2024-11-21 17:58
Western Australia on Thursday announced the state's inaugural action plan for carbon capture, utilisation, and storage (CCUS), pledging to spend A$26 million ($17 mln) towards two CCUS projects.
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PREVIEW: UN plastic talks enter last stretch amid outcry over weak draft agreement

Carbon Pulse - Thu, 2024-11-21 17:00
Negotiations on the first-ever global treaty aimed at tackling plastic pollution enter the final stretch next week amid calls for raising ambition levels, as observers have largely deemed the latest draft text of the agreement as lacking in crucial actions.
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COP29: Roundup for Day 11 – Nov. 21

Carbon Pulse - Thu, 2024-11-21 16:35
It is Day 11 at COP29 in Baku - Nature Day. New texts on climate finance and Article 6 dropped first thing this morning in Baku, with parties and negotiating blocs scrambling to pressers to share their views, as side events at country pavilions begin to wrap up. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
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Call for east of England coast trail to address access-to-nature gap

The Guardian - Thu, 2024-11-21 16:00

Exclusive: Trail would help region with few areas where people can walk in countryside, report says

A new trail along the east coast of England should be created, a Tory thinktank has said, because farmland is preventing those who live there from having access to nature.

A report from Onward has found that in most rural areas, people enjoy extensive rights-of-way networks. But across the east of England, there are many areas where people have barely anywhere they are allowed to walk in the countryside. This, the report says, is because of large areas of high-grade farmland in that area, but also because Lincolnshire has the largest backlog for recognition of historical but unrecorded rights of way, with more than 450 outstanding applications.

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HSBC reportedly drops plans for voluntary carbon trading desk amid market concerns

Carbon Pulse - Thu, 2024-11-21 11:28
HSBC has reportedly scrapped plans to establish a voluntary carbon trading desk, signalling a shift in strategy as the market grapples with slowing demand and concerns about integrity and transparency.
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RGGI Market: Virginia county circuit court judge rules RGGI repeal unlawful, RGAs soar 10%

Carbon Pulse - Thu, 2024-11-21 11:27
A Virginia county circuit court judge ruled the state’s withdrawal from the RGGI carbon market to be unlawful, siding with a trade group that challenged last year’s programme exit, sending RGGI Allowances (RGAs) in the secondary market rocketing higher by as much as 10.3% on the day.
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Advanced nuclear tailwinds ‘have never been stronger’ -US companies

Carbon Pulse - Thu, 2024-11-21 11:17
Advanced nuclear companies are enjoying tailwinds pushing them toward technology deployment, according to new industry reports published on Wednesday.
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Is nuclear power gaining new energy?

BBC - Thu, 2024-11-21 10:03
Countries around the world are building new nuclear power stations.
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Is nuclear power gaining new energy?

BBC - Thu, 2024-11-21 10:03
Countries around the world are building new nuclear power stations.
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Australia hoped hosting a Cop climate summit was a done deal. But one nation still stands in the way

The Guardian - Thu, 2024-11-21 10:01

Despite a diplomatic push from Chris Bowen and Anthony Albanese, Turkey won’t back down on its bid to host Cop31

Australia’s plan to host a major UN climate summit in 2026 has hit a Turkish roadblock. It is unclear how long it will last.

The Albanese government had expected that its bid to co-host the Cop31 summit in partnership with Pacific island nations – a Labor promise since before it won power in 2022 – would be agreed by now, as the UN climate talks in the Azerbaijani capital of Baku approach their final stages.

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Additional policy and fuel pathway considerations needed to drive US SAF growth -think tank

Carbon Pulse - Thu, 2024-11-21 09:58
California and Washington rank as top supporters of sustainable aviation fuel (SAF) investments in the US, but overall growth looks grim absent improved policy frameworks and production pathway considerations, according to a think tank.
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