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AU Market: Activity, prices soften as updated landfill gas method expected to be signed by year’s end

Carbon Pulse - Mon, 2024-11-25 18:46
Activity in the Australian Carbon Credit Unit (ACCU) market has slowed, according to analysis published Monday, while a waste operator told shareholders it expected the updated landfill gas methodology will be finalised by the end of the calendar year.
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Fire ant rafts could float down Queensland river after recent heavy rains, expert warns

The Guardian - Mon, 2024-11-25 17:04

Growing infestations along the Logan river pose ‘very high risk’ of spreading downstream, Invasive Species Council says

An increase in fire ant infestations along Queensland’s Logan River is raising concerns Australia’s worst invasive species could form floating rafts and spread downstream.

The Invasive Species Council advocacy manager, Reece Pianta, said governments should urgently ramp up eradication efforts along the Logan River, in south-east Queensland.

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INC-5: BRIEFING – Plastic credit market tipped to grow “with or without” UN treaty

Carbon Pulse - Mon, 2024-11-25 17:00
Demand for voluntary plastic credits is slated to expand regardless of their inclusion in the UN global plastic treaty under negotiation in Busan, major standard bodies told Carbon Pulse, amid growing concerns from environmental groups over the credibility of the nascent market.
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Multilateralism faces a toxic brew of debt, climate crisis and war. It’s time for a reboot | Mo Ibrahim

The Guardian - Mon, 2024-11-25 17:00

The stakes are high for donors at next month’s IDA summit in Seoul, but not investing in development means more instability globally

Multilateralism is under attack. A toxic brew of multiplying conflicts, worsening climate impact, new pandemics and spiralling debt has brought the system to its knees, appearing almost incapable of properly addressing these converging crises. Adding the unknowns of a Trump administration into the mix will do little to allay concerns.

My own critiques of the current multilateral system are well documented, but I do not subscribe to the view that it has no future. What’s needed is a total reboot.

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Foreign firms taking billions of litres from UK aquifers to make bottled water

The Guardian - Mon, 2024-11-25 16:00

Coca-Cola extracts largest amount of freshwater of any drinks company in England, FoI request finds

Foreign multinational companies are extracting billions of litres of water from British aquifers to sell as bottled water, the Guardian can reveal.

Coca-Cola extracts the largest amount of freshwater of any drinks company in England, the data obtained through freedom of information legislation shows. It has a licence to extract 1.59bn litres of water a year from boreholes in Sidcup, Kent for its soft drinks. On top of that, it has the right to take 377m litres for its bottled water brands Glaceau Smartwater and Abbey Well from Morpeth in Northumberland.

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NZ Market: NZUs trade just above auction price floor as anticipation grows

Carbon Pulse - Mon, 2024-11-25 15:39
Spot New Zealand carbon allowances on Monday traded just above the auction price floor for the first time since March, as observers said the market’s long quiet stretch is a sign of positive things to come.
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After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed

The Conversation - Mon, 2024-11-25 15:35
The new system may essentially give countries and companies permission to keep polluting. Kate Dooley, Senior Research Fellow, School of Geography, Earth and Atmospheric Sciences, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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PNG environmental groups oppose carbon market regulations being tested on “guinea pig” communities  

Carbon Pulse - Mon, 2024-11-25 15:30
Environmental groups have written to the Papua New Guinea government opposing its efforts to test its carbon market regulations on so-called “guinea pig” communities before addressing what it says are serious issues with the rules.
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The Australia-Pacific bid to host UN climate talks in 2026 is in limbo. What now?

The Conversation - Mon, 2024-11-25 15:12
Australia and Pacific nations won’t know until June next year if they’re hosting the COP31 climate talks. But with tens of thousands of people potentially coming, they need to start planning now. Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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Carnival cruise line emitted more CO2 in 2023 than Scotland’s biggest city – report

The Guardian - Mon, 2024-11-25 15:00

World’s largest cruise line named Europe’s most climate-polluting, despite investing millions in cleaner technologies

The world’s largest cruise line company is responsible for producing more carbon dioxide in Europe than the city of Glasgow, a report has found.

Analysis by the Transport and Environment (T&E) campaign group, provided to the Guardian, found Carnival to be the most climate-polluting cruise company sailing in Europe in 2023.

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As Cop29 wraps up and the climate crisis gathers pace, Australia’s dash for gas is confounding | Bill Hare

The Guardian - Mon, 2024-11-25 10:27

Nearly all observers believe Chris Bowen is strongly committed to action. Most agree that can’t be said for his party

Cop29 in Baku has concluded but its outcome is disappointing – in many dimensions. Its decisions on finance – agreeing that the developed world would provide US$300bn a year by 2035 – come nowhere close to what’s needed. Ultimately, it may even be poisonous because of its lack of ambition and muddled scope – it does not even cover loss and damage.

Baku saw little sense of urgency or increased climate action, despite the universal message from scientific studies, including the Climate Action Tracker. Our global update this year found that in the last three years there’s been virtually no improvement in either action on the ground, nor ambition to take action in the future. And this is despite a series of seemingly never-ending, global warming-linked deadly catastrophes unfolding around the world.

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COP29: Reactions to the new Baku Finance Goal, Article 6 deal

Carbon Pulse - Mon, 2024-11-25 09:30
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
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‘Divorce’ in songbirds: extreme weather pushes couples past breaking point

The Conversation - Mon, 2024-11-25 05:10
New research examines the link between extreme weather and divorce in a small monogamous tropical songbird, the Seychelles warbler. Concerningly, extreme rain and dry spells increased divorce rates. Frigg Janne Daan Speelman, PhD Candidate in behavioural ecology, Macquarie University Licensed as Creative Commons – attribution, no derivatives.
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