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Fate of EU’s Ribera hangs in balance as Parliament conservatives call for her resignation over Spanish floods

Carbon Pulse - Wed, 2024-11-13 08:22
The approval of former Spanish ecology minister Teresa Ribera as the European Commission’s new executive vice-president in charge of competition and the green transition was delayed on Tuesday evening, amid calls for her to resign over the government’s handling of the deadly floods that hit the region of Valencia.
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Peru launches registry rules for Article 6, voluntary carbon market

Carbon Pulse - Wed, 2024-11-13 07:40
The Peruvian government on Tuesday published regulations to launch and operationalise its long-awaited national carbon registry.
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COP29: Carbon pricing, global financial overhaul needed for climate justice -Barbados

Carbon Pulse - Wed, 2024-11-13 06:41
The government of Barbados, an outspoken voice advocating global financial reform at the so-called 'finance COP', has called for integrating carbon pricing into climate justice to support historically marginalised, climate-vulnerable developing countries.
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German agtech firm raises $22 mln in Series A funding

Carbon Pulse - Wed, 2024-11-13 06:36
A Berlin-based regenerative agriculture firm has closed a $22 million Series A financing, marking the largest such funding round for an agtech start-up in Germany this year, the company said Tuesday.
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COP29: Canada unveils climate finance platform for vulnerable regions

Carbon Pulse - Wed, 2024-11-13 06:07
Canada’s environment minister announced on Tuesday a new finance platform to mobilise climate-focused investments in vulnerable regions at the UN conference in Baku.
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Canadian biochar carbon project developer announces third deal this month

Carbon Pulse - Wed, 2024-11-13 05:36
A Canadian carbon project developer has announced its third deal this month to expand biochar production.
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This year has been masterclass in human destruction, UN chief tells Cop29

The Guardian - Wed, 2024-11-13 05:27

António Guterres says global heating is super-charging disasters, and Cop hears warning of ‘inflation on steroids’

This year has been “a masterclass in human destruction”, the UN secretary general has said as he reflected on extreme weather and record temperatures around the world fuelled by climate breakdown.

António Guterres painted a stark portrait of the consequences of climate breakdown that had arisen in recent months. “Families running for their lives before the next hurricane strikes; workers and pilgrims collapsing in insufferable heat; floods tearing through communities and tearing down infrastructure; children going to bed hungry as droughts ravage crops,” he said. “All these disasters, and more, are being supercharged by human-made climate change.”

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You will soon be able to power your house with your electric car. Here’s how

The Conversation - Wed, 2024-11-13 05:25
Your EV battery is much larger than a home battery. But until now, Australian drivers haven’t been able to run their homes off their cars – or sell power back to the grid. That’s about to change. Syed M Nawazish Ali, Research Fellow in Transport Electrification, RMIT University Licensed as Creative Commons – attribution, no derivatives.
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COP29: Four carbon negative nations launch G-ZERO forum at the climate summit in Baku

Carbon Pulse - Wed, 2024-11-13 04:36
A group of carbon neutral countries including Bhutan, Madagascar, Panama, and Suriname have launched the G-ZERO forum at the COP29 summit in Baku on Tuesday and issued a joint declaration pledging to remain carbon negative “at all times”.
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The Guardian view on Cop29: 1.5C has been passed – so speed up the green transition | Editorial

The Guardian - Wed, 2024-11-13 04:26

Sir Keir Starmer’s pledge on emissions is an encouraging step at a frightening moment

Predictions that this will be the first calendar year in which the 1.5C warming limit enshrined in the Paris agreement is surpassed provide a stark backdrop to the UN’s 29th climate conference. This year – 2024 – has already seen the hottest-ever day and month, and is expected by experts to be the hottest year too. Addressing delegates on Tuesday, the UN chief, António Guterres, referred to a “masterclass in climate destruction”. The escalating pattern of destructive weather events, most recently in Valencia, is a warning of what lies ahead.

When the 1.5C figure was included in the 2015 deal, it was known to be a stretch. The treaty says countries must hold the average temperature “well below 2C above pre-industrial levels” and aim for 1.5C. Busting this target in 2024 will not mean it has been definitively missed; the measurement of global temperatures relies on averages recorded over 20 or more years. But the crossing of this threshold is a menacing moment. Around the world, people as well as governments and climate specialists should take notice – and act.

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COP29: Major fossil fuel-producing countries commit funding, announce penalties to crack down on methane emissions

Carbon Pulse - Wed, 2024-11-13 04:13
South Korea and the UK announced multimillion dollar funding commitments to support international efforts to reduce methane emissions, while the US launched a fine of over $1,000/tonne on excess production of the greenhouse gas from the fossil fuel sector on Tuesday.
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COP29: Approval of Article 6 standards paves way for methodologies from mid-2025

Carbon Pulse - Wed, 2024-11-13 04:01
Carbon crediting methodologies may now be approved from mid-2025 following Monday's COP29 agreement on Article 6.4 standards, but technical details still need to be ironed out both in Baku and once the international market becomes operational, according to experts.
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NZ’s food manufacturers are embracing the idea of a circular economy but are slow to implement it

The Conversation - Wed, 2024-11-13 03:32
New Zealand food manufacturers are beginning to embrace the circular economy but are up against a lack of government support, customer awareness and low-emission freight options. Sitong Michelle (Michelle) Chen, Senior Lecturer in International Business, Auckland University of Technology Licensed as Creative Commons – attribution, no derivatives.
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Cancel drilling of Rosebank oilfield, activists urge Scottish court

The Guardian - Wed, 2024-11-13 02:27

Greenpeace and Uplift say Rosebank and Jackdaw licences were granted unlawfully by former Tory government

Climate campaigners have urged a Scottish court to cancel the licence to drill the UK’s largest untapped oilfield, arguing it will cause “sizeable” and unjustified damage to the planet.

Greenpeace and Uplift accuse the former Conservative government of having unlawfully given the Norwegian oil giant Equinor a licence to exploit the Rosebank oilfield, which sits 80 miles (130km) north-west of Shetland and holds nearly 500m barrels of oil and gas.

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Starmer confirms that the UK has committed to an 81% cut to emissions by 2035 – video

The Guardian - Wed, 2024-11-13 02:23

Keir Starmer has confirmed that the UK has committed to an 81% cut to emissions by 2035. The prime minister also said the British government was due to launch the CIF Capital Markets Mechanism, a climate finance scheme, on the London Stock Exchange to help developing countries

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Flaring emissions more than double for top 10 oil majors when including non-operated assets -report

Carbon Pulse - Wed, 2024-11-13 02:20
Emissions from flaring are more than double for 10 major international oil companies (IOCs) when including both operated and non-operated assets, compared to when assessing operated assets alone, a new report has found.
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COP29: Negotiators hail Article 6.4 deal, but campaigners say it’s a false solution

Carbon Pulse - Wed, 2024-11-13 02:09
The COP29 summit's speedy Article 6.4 agreement was met with polarising reactions on Tuesday, with advocacy groups lambasting it as a distraction from genuine climate action while UN negotiators hailed its potential to unlock up to $250 billion in private climate finance by 2030.
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CIX to add one REDD project and remove another from its NBS index

Carbon Pulse - Wed, 2024-11-13 01:52
Singapore-based Climate Impact X in January will be reinstating one REDD project and removing another from its nature-based standard contract.
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INTERVIEW: Amazon bioeconomy investment facility takes aim at illegal activity

Carbon Pulse - Wed, 2024-11-13 01:38
A Brazilian think tank is creating a facility to enable investment around Brazil and the Amazon Basin, tackling nature-damaging illegal activity while exploring biodiversity credits, Carbon Pulse has learned.
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