Feed aggregator

Democrat lawmakers on Wednesday reintroduced a bill for the US to impose a carbon border adjustment mechanism (CBAM) on energy-intensive imports to help cut CO2 emissions and protect domestic manufacturing, only a month after Republicans put forward similar proposals.

Rwanda will take a share of carbon credits rather than a share of the profits generated from Article 6 projects that will be correspondingly adjusted (CA) against the country’s NDC climate pledge, it was revealed Thursday by a cookstove developer in the advanced stages of such a deal.  

Private landowners are increasingly pushing for the EU to clarify how and to what extent Other Effective area-based Conservation Measures (OECMs) will be part of the bloc’s biodiversity strategy, a European Commission official told a webinar this week.

The perceived injustice of industrialised countries propping up their own clean technology industries with protectionist measures and subsidies is being seized on by emerging economies as a negotiating chip that is complicating COP28 UN climate talks in Dubai, sources at the summit told Carbon Pulse.

EU nations on Thursday adopted a unified position on the Net Zero Industry Act, advancing the bloc's proposed response to green industry legislation worldwide and in particular the US Inflation Reduction Act.

A record 84,000 people are in attendance at the UN climate summit in Dubai, including thousands of activists and members of civil society

Continue reading...

However the Albanese government has not contributed to a newly created global loss and damage fund at Cop28

• Get our morning and afternoon news emails, free app or daily news podcast

The Australian government has pledged A$150m climate finance for Pacific countries, but has not contributed to a newly created global loss and damage fund.

Nearly 200 countries reached an historic consensus agreement on the first day of the Cop28 climate summit in Dubai to set up the loss and damage fund to help the world’s poorest and most vulnerable countries pay for the irreversible impacts of climate disaster.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup

Continue reading...

Australia’s two largest oil and gas companies confirmed Thursday they are in talks about a potential merger that would create a massive exploration and production major.

Two Australian carbon project developers are partnering with a research group that will soon bid for government funding, the former announced this week.

Groups seek more time to comment on US Forest Service proposal to store carbon dioxide amid fears over safety and impact

A proposal that would allow industries to permanently stash climate-polluting carbon dioxide beneath US Forest Service land puts those habitats and the people in or near them at risk, according to opponents of the measure.

Chief among opponents’ concerns is that carbon dioxide could leak from storage wells or pipelines and injure or kill people and animals, as well as harm the trees in the forests and their habitat, said Victoria Bogdan Tejeda, attorney at the Center for Biological Diversity.

Continue reading...

Exclusive: Five IPCC report authors say scientists should be allowed to make policy prescriptions and potentially oversee implementation

Senior climate experts are calling for an overhaul of the structure and powers of the UN’s Intergovernmental Panel on Climate Change in despair at the slow pace of climate action.

Five lead authors of IPCC reports told the Guardian that scientists should be given the right to make policy prescriptions and, potentially, to oversee their implementation by the 195 states signed up to the UN framework convention on climate change (UNFCCC).

Continue reading...

European carbon was steady on Thursday morning after bears beat back an effort to boost prices in mid-morning after a modestly bullish auction outcome, while energy markets were firmer for a second day as weather forecasts showed slightly lower temperatures in the offing.

Governments and the private sector must improve incentives to invest in nature to help bridge the financial gap, accounting firm KPMG has said.

A new study has found that calcium oxide (CaO) derived from eggshells can effectively remove CO2 from biogas and boost its value as an energy fuel while reducing its impact on atmospheric greenhouse gas levels.

As Climate Change and Energy Minister Chris Bowen lands in Dubai for COP28, Australia has announced an extra A$150 in climate finance with a focus on the Pacific region. Wesley Morgan, Research Fellow, Griffith Asia Institute, Griffith University Licensed as Creative Commons – attribution, no derivatives.

The Australian government has announced it will contribute A$150 million ($98 mln) to two climate mitigation and adaptation funds, as it seeks to support its Pacific Island neighbours at the UN talks in Dubai.

Researchers say they have made a significant step towards understanding the complex role of tropical forests in Earth's climate system, shedding light on reconciling varying estimates of carbon flux that will allow nations to more accurately evaluate their emissions mitigation efforts.

Former journalist Reece Whitby named new energy minister in Western Australia, adding to his climate change and environment portfolios.

The post Reece Whitby named minister “to spearhead” W.A.’s clean energy transition appeared first on RenewEconomy.

Indonesia has approved a revised plan for the Abadi LNG project, which aims to be the first to offer carbon credits for carbon capture and storage in the Southeast Asian country.

As world leaders gather at Cop28, these charts show how far away the major economies are from their targets

Not a single G20 country has policies in place that are consistent with the Paris agreement’s goal of limiting global heating to 1.5C and meeting their “fair share” of emissions reduction.

The assessment, based on data up to 5 December provided by the Climate Action Tracker, comes as leaders gather in Dubai for the Cop28 conference.

Continue reading...