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Setback as EU gas industry rejects a just transition deal with trade unions

Carbon Pulse - Tue, 2024-10-29 20:50
European gas employers have rejected a draft agreement with trade unions to wind down the EU’s industry, highlighting the difficulties in managing the social aspects of the green transition.
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Australia’s clean finance arm details first spend on forest project, plans to earn ACCUs

Carbon Pulse - Tue, 2024-10-29 20:37
Australia’s Clean Energy Financing Corporation (CEFC) has for the first time invested A$75 million ($49.2 mln) in the forestry sector, according to the group's annual report published this week, which details tens of billions of dollars of clean investments.
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Climate crisis caused half of European heat deaths in 2022, says study

The Guardian - Tue, 2024-10-29 20:00

Researchers found 38,000 fewer people – 10 times number of murders – would have died if atmosphere was not clogged with greenhouse pollutants

Climate breakdown caused more than half of the 68,000 heat deaths during the scorching European summer of 2022, a study has found.

Researchers from the Barcelona Institute for Global Health (ISGlobal) found 38,000 fewer people would have died from heat if humans had not clogged the atmosphere with pollutants that act like a greenhouse and bake the planet. The death toll is about 10 times greater than the number of people murdered in Europe that year.

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Taiwan adds two methodologies to encourage forest and bamboo management

Carbon Pulse - Tue, 2024-10-29 19:13
Taiwan has given the green light to two new offset methodologies for nature-based projects, which can create carbon credits from forest and bamboo management activities.
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Iceland proposes mileage tax on fossil fuel vehicles, doubles carbon tax

Carbon Pulse - Tue, 2024-10-29 19:06
Iceland’s Ministry of Finance and Economic Affairs submitted a bill to parliament last week proposing a new mileage tax on fossil fuel-powered vehicles.
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Australian opposition refuses to be drawn on Safeguard Mechanism questions

Carbon Pulse - Tue, 2024-10-29 18:43
Australia’s opposition climate spokesperson has refused to say whether a future Coalition government would support the reformed Safeguard Mechanism, as the lack of certainty continues to be a headache for investors and emitters, according to conference attendants.
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China’s new economic stimulus policy adds uncertainty to emissions outlook

Carbon Pulse - Tue, 2024-10-29 17:36
New economic stimulus measures to prop up household consumption could bring greater uncertainty to China’s emissions outlook, even though the country's annual emissions may fall this year thanks to the massive additions of renewables, analysts said.
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‘Some unique features’: Cop16 delegates in ‘love motel’ as Cali hotels hit capacity

The Guardian - Tue, 2024-10-29 17:00

Deluge of delegates at biodiversity conference has led some to impromptu accommodation

Robert Baluku, a Ugandan delegate to the UN’s biodiversity summit in Colombia, found himself between a rock and hard place when his team’s accommodation was abruptly cancelled, leaving them stranded before the start of Cop16 in Cali.

The city’s hotels were packed to capacity with thousands of country leaders, scientists, government ministers and UN negotiators, and Baluku was left scrambling for options – until the Motel Deseos (Desires) came to the rescue.

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Apparently fake social media accounts boost Azerbaijan before Cop29

The Guardian - Tue, 2024-10-29 16:00

Exclusive: Linked accounts on X push petrostate’s posts about climate summit and drown out criticism

Scores of apparently fake social media accounts are boosting Azerbaijan’s hosting of the Cop29 climate summit, an investigation has revealed.

The accounts were mostly set up after July, at which time seven of the top 10 most engaged posts using the hashtags #COP29 and #COP29Azerbaijan were critical of Azerbaijan’s role in the conflict with Armenia, using hashtags such as #stopgreenwashgenocide. By September this had changed, with all of the top 10 most engaged posts coming from the official Cop29 Azerbaijan account.

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COP16: Governments pledge $165 mln to GBF Fund

Carbon Pulse - Tue, 2024-10-29 14:03
Eight governments on Monday pledged a total $163 million in new funding for the Global Biodiversity Framework Fund (GBFF), taking the total amount committed to the fund to just below $400 mln, less than 2% of what developed nations have promised to contribute by the end of next year.
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Warming will worsen global economic divide by disrupting forest ecosystems, researchers warn

Carbon Pulse - Tue, 2024-10-29 13:00
Rising global temperatures are likely to increase inequalities between wealthy and low-income nations by exacerbating disruptions in the carbon and nitrogen cycles of the world’s forests, placing critical ecosystem services and economic assets in jeopardy, a new study has warned.
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ANALYSIS: RGGI’s Third Program Review modelling updates under fire

Carbon Pulse - Tue, 2024-10-29 11:53
RGGI states released feedback on proposed programme review changes, with compliance entities questioning modelling inputs, leakage considerations, and consumer impacts of higher ambition, while investors and environment justice groups pushed back against cost containment plans and delayed implementation.
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RGGI Market: RGAs inch lower amidst illiquidity, programme review muddles

Carbon Pulse - Tue, 2024-10-29 11:44
RGGI allowance (RGA) dipped downwards over the last week as activity remained muted, with the market continuing to await clarity on proposed programme review updates.
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ANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote

Carbon Pulse - Tue, 2024-10-29 11:43
California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.
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Let’s be clear, Peter Dutton’s energy plan is more focused on coal and gas than it is on nuclear power | Adam Morton

The Guardian - Tue, 2024-10-29 11:43

It seems reasonable to call the Coalition’s policy what it primarily is: a proposal to expand fossil fuels

Some news you may not have clocked last week while the focus was on important things like a royal tour: 44 of the world’s top climate scientists, including four decorated Australian professors, released an open letter warning that ocean circulation in the Atlantic is at serious risk of collapse sooner than was previously understood.

They said a string of studies suggested the Intergovernmental Panel on Climate Change, a body backed by nearly 200 countries, had greatly underestimated the possibility that the Atlantic meridional overturning circulation – or Amoc, a system of ocean currents that brings heat into the northern Atlantic west of Britain and Ireland – could in the next few decades reach a point at which its breakdown was inevitable. The cause? Rising greenhouse gas emissions.

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