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China thermal power growth slows in October, solar and wind expansion continues

Carbon Pulse - Mon, 2024-11-18 18:56
Growth in China’s thermal power generation slowed in October with a sustained high level of coal output, with analysts remaining optimistic about the country's emissions reduction trajectory given the current pace of renewables expansion.
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Australia Market Roundup: Some 800K ACCUs issued as spot price continues to climb

Carbon Pulse - Mon, 2024-11-18 18:51
Spot market Australian Carbon Credit Unit (ACCU) prices surged on Monday, as the Clean Energy Regulator issued some 800,000 units.
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Cop29 live: UN secretary general calls on G20 leaders to rescue stalled climate talks

The Guardian - Mon, 2024-11-18 18:21

António Guterres says succesful outcome at Cop29 is still ‘within reach’ but only with ‘leadership’ from world’s most powerful countries

Looks as if Trump WILL keep his promise to Drill baby, drill. On Saturday he appointed Chris Wright, an oil and gas industry executive and a staunch defender of fossil fuel use, to lead the US Department of Energy.

Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver, Colorado. He is expected to support Trump’s plan to maximize production of oil and gas and to seek ways to boost generation of electricity, demand for which is rising for the first time in decades.

We call on you to agree to:

An NCQG that ensures that we can keep below the 1.5°C survival limit of the Paris Agreement.

An NCQG based on the needs and priorities of developing countries and with public funds provided by developed countries exclusively for all developing countries, one that does not deviate from Article 9 of the Paris Agreement.

An NCQG that delivers at least USD 1.3 trillion a year for mitigation, adaptation and Loss and Damage provided as grants and highly concessional finance.

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ANALYSIS: Integrity Council decision on REDD+ carbon credits welcome but not without risk

Carbon Pulse - Mon, 2024-11-18 17:30
The decision Friday from the Integrity Council for the Voluntary Carbon Market (ICVCM) to approve three REDD+ methodologies has been welcomed by multiple market participants, but with a note of caution that the move is not without risk, especially as the crediting programmes have not yet been tried and tested.
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SMEs could tap into $789 bln of green finance if key barriers removed -report

Carbon Pulse - Mon, 2024-11-18 17:00
Small- and medium-sized businesses (SMEs) could unlock a $789 billion green finance opportunity if barriers in reporting, data accessibility, and implementation costs are addressed, according to a new report revealed at COP29 on Monday.
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The bee project helping to tackle elephant-human conflict in Kenya – in pictures

The Guardian - Mon, 2024-11-18 17:00

Loved by tourists, elephants are, however, often loathed by farmers. Elephant conservation has been a been a success in Tsavo in Kenya, with their number increasing by about 6,000 in the mid-1990s to almost 15,000 in 2021. The human population has also grown, encroaching on grazing and migration routes for the herds, with resulting clashes becoming the No 1 cause of elephant deaths. But a long-running project by the charity Save the Elephants offered an unlikely solution: deterring some of nature’s biggest animals with some of its smallest: African honeybees

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COP29: Roundup for Day 8 – Nov. 18

Carbon Pulse - Mon, 2024-11-18 16:58
It is Day 8 at COP29 in Baku - Youth Day. At the midway stage, negotiations are going well on Article 6, but poorly elsewhere. Parties clashed on the Mitigation Work Programme (MWP) over the weekend, which appears set to be punted to next year's summit, and talks on finance are said to be dire. Can things turn around this week, and will countries finally get carbon markets talks over the line? 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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Plan to dispose of nuclear waste from Aukus submarines unanimously rejected by Adelaide council

The Guardian - Mon, 2024-11-18 16:40

City of Port Adelaide Enfield’s mayor says she hadn’t received correspondence about storage or disposal before or after bill passed federal parliament

Plans to dispose of low-level nuclear waste from Aukus submarines at an Adelaide naval facility have been unanimously opposed by the local council for the area, who say they weren’t consulted.

The Osborne naval shipyard, 25km north of Adelaide CBD, and HMAS Stirling at Garden Island 50km south of Perth in Western Australia, have both been designated as “radioactive waste management facilities” for nuclear waste from Aukus submarines under the Australian naval nuclear power safety bill, which passed parliament in October.

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Climate crisis to blame for dozens of ‘impossible’ heatwaves, studies reveal

The Guardian - Mon, 2024-11-18 16:00

Exclusive: Analyses are stark evidence of how global heating is already supercharging deadly weather beyond anything ever experienced by humanity

At least 24 previously impossible heatwaves have struck communities across the planet, a new assessment has shown, providing stark evidence of how severely human-caused global heating is supercharging extreme weather.

The impossible heatwaves have taken lives across North America, Europe and Asia, with scientific analyses showing that they would have had virtually zero chance of happening without the extra heat trapped by fossil fuel emissions.

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Trump names climate change-denying oil exec as US energy secretary pick

Carbon Pulse - Mon, 2024-11-18 14:21
US President-elect Donald Trump has named a climate change-denying oil and gas executive as his pick for secretary of energy, signalling a shift towards boosting fossil fuel production and rolling back environmental policies.
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As Australia privatises nature repair, the cheapest approach won’t save our threatened species

The Conversation - Mon, 2024-11-18 12:33
Australia’s carbon credit scheme largely fails to protect threatened species, despite assumptions to the contrary. The findings provide cautionary lessons for the nature repair scheme. Penny van Oosterzee, Adjunct Associate Professor James Cook University and University Fellow Charles Darwin University, James Cook University Jayden Engert, PhD Candidate in Applied Ecology, James Cook University Licensed as Creative Commons – attribution, no derivatives.
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STX cuts staff amid voluntary carbon market slowdown

Carbon Pulse - Mon, 2024-11-18 11:10
Environmental commodities trading firm STX Group is in the process of restructuring and cutting its workforce, sources told Carbon Pulse.
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