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French govt paper urges range of financing options for nature-based solutions

Carbon Pulse - Thu, 2023-11-16 01:59
A report published by the French government, in collaboration with CDC Biodiversite, underlined that greater finance from across the spectrum of stakeholders would be needed to protect nature, while also assessing the various tools available to scale funding.
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Only four countries have ocean acidification plans, report finds

Carbon Pulse - Thu, 2023-11-16 01:57
Just four countries globally have regions to have published dedicated plans for tackling the threat posed by increasing seawater acidity levels, with the US taking the lead, a report has found.
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Argentina publishes national strategy for carbon markets, hopes to salvage NDC

Carbon Pulse - Thu, 2023-11-16 01:50
Argentina hopes to achieve the goals set out in its Paris Agreement NDC and access climate finance in part through a range of carbon market mechanisms, it affirmed in a National Strategy for the Use of Carbon Markets (ENUMeC) published Tuesday.
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International ‘climate club’ to launch at COP28 conference, says EU climate chief

Carbon Pulse - Thu, 2023-11-16 01:40
An international climate club for governments will be officially launched at the beginning of December at the COP28 UN climate conference in Dubai, with a particular focus on industrial decarbonisation, the EU's top climate official Kurt Vandenberge told a conference on Wednesday.
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Capturing Cop28 chief’s oil firm emissions would take centuries – study

The Guardian - Thu, 2023-11-16 01:00

Analysis deems technology promoted by Sultan Ahmed Al Jaber ‘dangerous red herring’

Climate-wrecking emissions produced by the oil company of the Cop28 president, Sultan Ahmed Al Jaber, would take hundreds of years to remove using the carbon capture technology he has been promoting.

With just weeks to go until the crucial Cop28 climate summit, Al Jaber, who is the boss of United Arab Emirate oil company Adnoc, has been backing carbon capture as one solution to the climate crisis.

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Russia and Israel lead global surge in attacks on civilian water supplies

The Guardian - Wed, 2023-11-15 23:19

Exclusive: at least 228 water conflicts were recorded in 2022 – an 87% rise on the year before, Pacific Institute database shows

Water-related violence surged to an all-time high in 2022 – driven in large part by Russia’s war in Ukraine and Israeli attacks against Palestinian water resources in the West Bank.

At least 228 water conflicts were documented in 2022 – an 87% rise since 2021, according to research by the Pacific Institute shared exclusively with the Guardian.

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As water becomes a weapon of war, we must focus on cooperation and peace | Peter Gleick

The Guardian - Wed, 2023-11-15 23:00

Record increase in water-related violence shows how urgently we need to reduce these tensions between countries

In recent months, the world has been bombarded with reports of attacks on major dams and civilian water systems in Ukraine, water being used as a weapon during the violence in Gaza and the West Bank, unrest and riots in India and Iran over water scarcity and drought, and conflicts between farmers and herders in Africa over land and water sources. Our limited and precious freshwater resources have become triggers, weapons and casualties of war and conflict.

Water is vital for everything we want to do: it allows us to grow food, run industries and businesses, cook and clean our homes, and manage our wastes. Although there is plenty of water on Earth, it is unevenly distributed in space and time, with humid and arid regions as well as wet and dry seasons. These disparities lead to competition and disputes over water access and control. As populations and economies grow, the pressure on limited water supplies and the delicate ecosystems that depend on them is intensifying. And now, human-caused climate disruptions are affecting the planet’s hydrologic cycle, worsening extreme weather events such as floods and droughts, altering rainfall patterns, melting glaciers and snowpacks, and leading to higher temperatures and increased water demands.

Peter Gleick is co-founder and Senior Fellow of the Pacific Institute, Oakland, California, and author of the new book, The Three Ages of Water (PublicAffairs/Hachette 2023)

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Euro Markets: Midday Update

Carbon Pulse - Wed, 2023-11-15 22:10
EUA prices made moderate gains on Wednesday morning after updated positions data showed investment funds had continued to build net short positions last week, setting a new record in the process, while energy markets also rose amid technical trading.
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Climate change: US and China take 'small but important steps'

BBC - Wed, 2023-11-15 21:51
Progress seen in climate talks between world's two biggest carbon emitters but major hurdles remain.
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California-based firm agrees “groundbreaking” CDR tech deal with advanced materials company

Carbon Pulse - Wed, 2023-11-15 21:16
A California-based carbon removals firm has purchased "groundbreaking" direct air capture (DAC) technology from a Pittsburgh-headquartered advanced materials company.
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China thermal power continues to grow in October, though slower than solar and hydro

Carbon Pulse - Wed, 2023-11-15 21:11
Growth in China’s thermal power output continued to grow in October with sustained expansion of coal output, though slower than the pace seen in solar and hydropower generation, government data showed Wednesday.
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Nature-based solutions a tough sell for Article 6, UN conference hears

Carbon Pulse - Wed, 2023-11-15 20:54
Buyers of Article 6-aligned carbon credits are shying away from nature-based units amid lingering quality concerns, officials have told the ongoing Asia Pacific Climate Week in Johor Bahru, Malaysia.
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German court orders €60 bln in climate funding be reversed after ruling 2021 budget act unconstitutional

Carbon Pulse - Wed, 2023-11-15 20:28
Germany’s Federal Constitutional Court of has ruled that a 2021 government budget act, which redirected €60 billion initially borrowed to address the COVID-19 pandemic towards climate and energy measures, is unconstitutional and therefore void.
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Climate-heating gases reach record highs, UN reports

The Guardian - Wed, 2023-11-15 20:00

World Meteorological Organization sees ‘no end in sight to the rising trend’, largely driven by fossil fuel burning

The abundance of climate-heating gases in the atmosphere reached record highs in 2022, the UN’s World Meteorological Organization (WMO) has reported.

The WMO said “there is no end in sight to the rising trend”, which is largely driven by the burning of fossil fuels.

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UK carbon capture policy prolongs fossil use and falls short on ambition, finds report

Carbon Pulse - Wed, 2023-11-15 19:27
The UK government's £20 billion carbon capture and storage (CCS) policy is not consistent with the country's net zero targets, while over three-quarters of planned capacity in 2030 is set to come from projects that require long-term fossil use, according to a report from an international think-tank published on Wednesday.
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Japan’s slow carbon pricing progress misaligned with IPCC guidance, think tank says

Carbon Pulse - Wed, 2023-11-15 18:54
Japan's green transformation (GX) initiative is misaligned with UN's guidance on climate policy, especially given the country's slow regulatory progress in carbon pricing, a think tank has said.
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Oil supply, demand rising to hit ‘unprecedented’ level in 2024 -IEA

Carbon Pulse - Wed, 2023-11-15 18:49
Oil production rose 320,000 barrels per day in October, propelling global supply to a record 101.8 million barrels of oil per day (bopd) and supply will reach historic levels this year and grow further next year, according to the International Energy Agency (IEA).
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Australia Market Roundup: NSW wind project guidelines shuts the gate on development, ACCU issuance inches up

Carbon Pulse - Wed, 2023-11-15 18:11
The New South Wales state government has released draft guidelines for wind projects, deeming almost the entire state as “less suitable” for wind farms, sparking shocked reactions from the industry.
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EU co-legislators agree on methane emission rules for the energy sector

Carbon Pulse - Wed, 2023-11-15 18:03
EU co-legislators in the early hours of Wednesday morning agreed a provisional deal on rules that will limit methane emissions from the energy sector, including a clause hard-fought from the Parliament to extend the rules to energy imports in three years.
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Clean cooking developer first to issue Article 6-aligned credits

Carbon Pulse - Wed, 2023-11-15 18:00
A developer of clean cooking projects is the first to be issued with carbon credits aligned with Paris Agreement Article 6 on the Gold Standard registry, with an African nation agreeing to correspondingly adjust for those credits on its own emissions tally in order to prevent double counting of the emissions reductions.
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