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It is Day 3 at COP29, the second day of the World Leaders Summit. Parties are beginning to solidify positions on the new climate finance goal, expected to be the headline outcome of this year's UN climate event, though conflicts are also bubbling linked to the wider, tense political and diplomatic context. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

Marine scientist uncovers the story behind Andruha's escape from Russian military training programme.

Questions raised over influence after 1,261 business and industry delegates registered for biodiversity summit in Colombia

Record numbers of business representatives and lobbyists had access to the UN’s latest biodiversity talks, analysis shows.

In total 1,261 business and industry delegates registered for Cop16 in Cali, Colombia, which ended in disarray and without significant progress on a number of key issues including nature funding, monitoring biodiversity loss and work on reducing environmentally harmful business subsidies.

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NT announces plans for a major renewable energy hub near Darwin focusing on solar and battery storage.

The post NT unveils plans for a $400 million solar and battery hub in Darwin appeared first on RenewEconomy.

Scientists including Australia's CSIRO warn that there is a 50% chance the world's "carbon budget" will be exceeded in six years.

The post Stubborn fossil fuel emissions threaten to blow global carbon budget appeared first on RenewEconomy.

For almost everyone but Tesla shareholders, the appointment of the world's richest man to "dismantle government bureaucracy" and regulation may not end so well.

The post “Manhattan Project of our time:” Did Trump just appoint Musk to drop a bomb on US economy? appeared first on RenewEconomy.

UK PM lays down the gauntlet on climate action to Australia and the rest of the developed world, committing to an interim emissions reduction target of at least 81% on 1990 levels by 2035.

The post UK sets “shining example” for 2035 targets as COP29 gathers pace. Will Australia match its ambition? appeared first on RenewEconomy.

A Toronto-based carbon credit financier has seen its financial losses mount after it was forced to write off two more projects.

Andrew Forrest takes aim at Woodside and Exxon "the great deceivers" as most of the corporate world prepares to adapt to Trump 2.0.

The post Andrew Forrest takes aim at Woodside and Exxon, as battle lines are drawn for Trump 2.0 appeared first on RenewEconomy.

The stench of a rare corpse flower make us retch. But you’re not the target – the plant wants to lure carrion beetles and flesh flies Gregory Moore, Senior Research Associate, School of Agriculture, Food and Ecosystem Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.

Singapore’s Economic Development Board (EDB) has launched a pilot grant programme to support companies in the city-state developing early-stage carbon projects that could generate high-quality credits under Article 6.

The Biden administration and the National Oceanic Atmospheric Administration (NOAA) released a federal strategy for accelerating marine CO2 removal (mCDR) research on Tuesday.

A federal appeals court on Tuesday determined that the White House environmental council lacks authority to enact rules under the National Environmental Policy Act (NEPA), overturning decades of regulatory practice.

Several key energy and climate plans - including hydrogen-ready gas-fired power plants and carbon capture utilisation and storage (CCUS) projects - face uncertainty in Germany as the country prepares for a snap election on Feb. 23, 2025.

The federal government plans to tax the carbon tax rebate still owed to small businesses five years into Canada’s federal carbon levy, a non-profit said Tuesday.

Global carbon emissions from fossil fuels have reached a record high in 2024, according to new research by scientists who estimate a 50% chance that global warming will exceed 1.5C consistently in around six years.

A London-based carbon removal (CDR) marketplace has launched a category specifically for afforestation, reforestation, and revegetation (ARR), it announced Wednesday.

As world leaders gather at COP29 to consider reducing emissions, the latest global carbon budget shows CO₂ emissions from fossil fuels are still going up, not down, despite some promising signs. Pep Canadell, Chief Research Scientist, CSIRO Environment; Executive Director, Global Carbon Project, CSIRO Corinne Le Quéré, Royal Society Research Professor of Climate Change Science, University of East Anglia Glen Peters, Senior Researcher, Center for International Climate and Environment Research - Oslo Judith Hauck, Helmholtz Young Investigator group leader and deputy head, Marine Biogeosciences section at the Alfred Wegener Institute, Universität Bremen Julia Pongratz, Professor of Physical Geography and Land Use Systems, Department of Geography, Ludwig Maximilian University of Munich Pierre Friedlingstein, Chair, Mathematical Modelling of Climate, University of Exeter Robbie Andrew, Senior Researcher, Center for International Climate and Environment Research - Oslo Licensed as Creative Commons – attribution, no derivatives.

Despite nations’ pledges at Cop28 a year ago, the burning of coal, oil and gas continued to rise in 2024

There is “no sign” of the transition away from burning fossil fuels that was pledged by the world’s nations a year ago, with 2024 on track to set another new record for global carbon emissions.

The new data, released at the UN’s Cop29 climate conference in Azerbaijan, indicates that the planet-heating emissions from coal, oil and gas will rise by 0.8% in 2024. In stark contrast, emissions have to fall by 43% by 2030 for the world to have any chance of keeping to the 1.5C temperature target and limiting “increasingly dramatic” climate impacts on people around the globe.

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During the US time out, Australia and its allies must remain steady and seek to deepen cooperation among themselves

The idea of open international exchange that framed the Australian reforms of the late 20th century and its subsequent economic success are being challenged in the 21st century. The challenge is intensified by the restoration of Donald Trump as president of the United States. He is committed to higher protection, tax cuts that will set record highs for budget deficits, a trade war with Australia’s largest trading partner with a risk of worse, and separation of the United States from the rules-based international trading system. He is also committed to withdrawal from international cooperation and domestic action to reduce climate-changing emissions of greenhouse gases. Global financial crisis is not out of the question.

These developments will damage Australian interests. Global long-term interest rates set a base against which Australian rates settle, and will be higher than they would otherwise have been. International inflation will be higher, increasing Australia’s own inflation challenge. Australia is the developed country that has most to lose from a failure to stop global heating. Australia has more to gain economically than any other country from success in the world achieving net zero carbon emissions, as an exporter of zero-carbon goods to countries which lack rich renewable energy and biomass resources of their own.

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