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COP29: No sign of life in climate finance text as talks hit impasse

Carbon Pulse - Sun, 2024-11-17 01:01
The COP29 climate finance text was still a mess midway through the summit, as several delegations described difficulty in engaging with key elements of the current draft, and observers suggesting they do not expect a strong outcome in Baku for the headline objective of the summit.
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COP29: Dutch champion ‘green carbon’ trade as a feedstock, on way to negative emissions

Carbon Pulse - Sun, 2024-11-17 00:37
Sustainable sources of carbon will be necessary in a net-zero economy – chiefly in petrochemicals and steelmaking – paving the way for green sources of CO2 derived from biomass to scale up negative emissions after 2050, the Dutch vice-minister for climate said at the COP29 summit in Baku, Azerbaijan.
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United Utilities refuses to hand over data on sewage discharges into Windermere

The Guardian - Sun, 2024-11-17 00:26

Water company claims information is not in the public interest despite widespread pollution of UK waters

‘It’s a national disgrace’: fury at sewage-filled Windermere over toxic algae and dead fish

One of the UK’s biggest water companies is fighting a legal battle to block public access to data on treated sewage it is discharging into Windermere in the Lake District.

United Utilities initially claimed that data from phosphorus monitors at sewage treatment works at the lake “was not environmental information”. It later claimed the information on phosphorus – which can pollute watercourses when at high levels – was “internal communication” and exempt from disclosure.

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COP29: Brazilian nature-based developers’ alliance signs carbon credits MoU with national export agency

Carbon Pulse - Sun, 2024-11-17 00:22
A group of Brazil-based nature-based solutions (NBS) project developers and the nation’s export agency signed a memorandum of understanding (MoU) on Friday to promote the sale of carbon credits abroad.
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COP29: CDM negotiations a mess as Article 6 forwarded to second week

Carbon Pulse - Sun, 2024-11-17 00:18
The SBSTA UN advisory body has laid out final exit protocols for the Kyoto-era Clean Development Mechanism (CDM), predecessor to the Paris Agreement Crediting Mechanism (PACM), at COP29 in a draft text.
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COP29: Trump presidency could spell well for the voluntary carbon market, stakeholders say

Carbon Pulse - Sun, 2024-11-17 00:12
While the election of US President Donald Trump is expected to generally stifle US momentum on climate action, there may exist avenues for increased voluntary carbon market (VCM) enthusiasm under his leadership, market participants told Carbon Pulse on the sidelines of COP29.
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COP29: Indonesia’s captive coal power plants to be included in country’s ETS from 2025, JETP head says

Carbon Pulse - Sun, 2024-11-17 00:06
Captive coal-fired power plants (CFPPs), a large and growing source of emissions in Indonesia, will be covered under the country’s emissions trading scheme (ETS) from next year, according to the head of its Just Energy Transition Partnership (JETP) secretariat.
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Farmers protest as Keir Starmer says he will defend the budget ‘all day long’

The Guardian - Sat, 2024-11-16 23:22

Prime minister hails ‘path of change’ in Wales and Westminster at Welsh Labour conference in Llandudno

Keir Starmer said he would defend the budget “all day long” at the Welsh Labour conference, amid protests by farmers outside the venue.

In his first address to the Welsh Labour conference since taking power, the prime minister went on to hail a “path of change” with Labour governments in Wales and Westminster.

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COP29: One year in, global transition from fossil fuels hits stalemate in climate talks

Carbon Pulse - Sat, 2024-11-16 23:19
Climate negotiators are struggling to agree on how to move forward with last year’s milestone commitment to transition away from fossil fuels, with emerging economies pushing to keep any reference out of this year’s COP29 agreement. 
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COP29: INTERVIEW – Morocco readies Article 6 framework, expects ITMO offtakes in 2025

Carbon Pulse - Sat, 2024-11-16 21:28
Morocco will launch and implement an Article 6 framework in the coming months, culminating in offtake agreements involving millions of Internationally Transferred Mitigation Outcomes (ITMOs), according to a government advisor speaking to Carbon Pulse on the sidelines of COP29 in Baku.
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Volcanoes once erupted on the far side of the moon

BBC - Sat, 2024-11-16 20:06
Volcanic rock, dating back billions of years, has been detected in the first samples collected from the mysterious "dark side".
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Bolivia continues carbon markets U-turn, links up with US-based firm for baselining help

Carbon Pulse - Sat, 2024-11-16 18:23
Bolivia’s about-face on carbon markets continued this week as the government teamed up with a US-based environmental data platform for help measuring carbon stocks and emissions, aiming to unlock the country's domestic offering.
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Almost 500 carbon capture lobbyists granted access to Cop29 climate summit

The Guardian - Sat, 2024-11-16 17:14

More lobbyists for the controversial technology were present this year, despite debate about its viability

At least 480 lobbyists working on carbon capture and storage (CCS) have been granted access to the UN climate summit, known as Cop29, the Guardian can reveal.

That is five more CCS lobbyists than were present at last year’s climate talks, despite the overall number of participants shrinking significantly from about 85,000 to about 70,000.

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COP29 Roundup for Day 6 – Nov. 16

Carbon Pulse - Sat, 2024-11-16 16:35
It is Day 6 at COP29 in Baku - Science Day. It's the final day negotiators have with the texts before they're handed over to the presidency and appointed ministers, although not much progress is expected on finance in the next 24 hours. 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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North Dakota approves permit for contentious CO2 pipeline after months of deliberations

Carbon Pulse - Sat, 2024-11-16 13:49
North Dakota’s Public Service Commission (PSC) has approved a permit for a multi-state CO2 pipeline, clearing path for project development in the state amid permitting struggles in other regions.
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Washington state’s cap-and-trade scheme records strong compliance in inaugural year

Carbon Pulse - Sat, 2024-11-16 12:20
Most entities covered under Washington’s cap-and-invest programme fulfilled their annual compliance obligation in 2023 as only one entity fell short, a report from the state’s Department of Ecology (ECY) released Friday showed.
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BRIEFING: RMI to analyse decarbonisation pathways for EITEs in Washington

Carbon Pulse - Sat, 2024-11-16 12:15
US think tank RMI will be working closely with Emissions Intensive Trade Exposed (EITE) facilities active under Washington state’s cap-and-invest programme, to research viable decarbonisation pathways for various industries.
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CFTC: Investor CCA sentiment sours with regulatory delays, emitters boost overall holdings across North American carbon markets

Carbon Pulse - Sat, 2024-11-16 10:37
Financial entities axed their net California Carbon Allowance (CCA) holdings into the upcoming Q4 auction and with the delay in highly-anticipated regulatory updates that pulled prices lower this week, while producers built their positions across North American carbon markets, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
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Fossil fuel bosses get ‘red carpet’ at Cop29 despite concerns over influence

The Guardian - Sat, 2024-11-16 04:48

Revealed: more than 100 executives given special guest badges as activists challenge role of oil and gas firms at talks

The host country of this year’s UN climate summit, Azerbaijan, has rolled out “red carpet” treatment to fossil fuel bosses and lobbyists, the Guardian can reveal.

At least 132 oil and gas company senior executives and staff were invited to the Cop29 summit, and had special badges denoting they were guests of the presidency.

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