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Odour of oil and return of Trump hang heavy over Cop29 in Baku

The Guardian - Fri, 2024-11-08 16:00

Prospects of strong outcome appear dim but there is hope the talks will address pressing issue of climate finance

More than 100 heads of state and government are expected to land in Baku, the capital of Azerbaijan, over the next few days and the first thing they are likely to notice is the smell of oil. The odour hangs heavy in the air, evidence of the abundance of fossil fuels in this small country on the shores of the Caspian Sea.

Flaring from refineries lights up the night sky, and the city is dotted with diminutive “nodding donkey” oil wells raising and lowering their pistons as they draw from the earth. Even the national symbol is a gas flame, epitomised in the shape of three skyscrapers that tower over the city.

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‘Essential to act now’ to prevent chaotic climate breakdown, warns UN chief

The Guardian - Fri, 2024-11-08 15:00

On the eve of Cop29 in Baku, António Guterres says dangers are underestimated as irreversible tipping points near

The world is still underestimating the risk of catastrophic climate breakdown and ecosystem collapse, the UN secretary general has warned in the run-up to Cop29, acknowledging that the rise in global heating is on course to soar past 1.5C (2.7F) over pre-industrial levels in the coming years.

Humanity is approaching potentially irreversible tipping points such as the collapse of the Amazon rainforest and the Greenland ice sheet as global temperatures rise, António Guterres has said, warning that governments are not making the deep cuts to greenhouse gas emissions needed to limit warming to safe levels.

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10 reasons why US president-elect Donald Trump can’t derail global climate action

The Conversation - Fri, 2024-11-08 12:00
Efforts to tackle the climate crisis – both in Australia and globally – are much bigger than one man. Here are ten reasons to remain hopeful. Wesley Morgan, Research Associate, Institute for Climate Risk and Response, UNSW Sydney Ben Newell, Professor of Cognitive Psychology and Director of the UNSW Institute for Climate Risk and Response, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.
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Canadian emissions reductions too slow, overly optimistic, and a far cry from 2030 targets, auditor general says

Carbon Pulse - Fri, 2024-11-08 10:57
Just six years remain to reach Canada’s target of 40-45% emissions reductions below 2005 levels, but efforts led by the federal government to reduce emissions face considerable implementation challenges, a report from the Office of the Auditor General (OAG) said Thursday.
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Emissions from private jets climb nearly 50% during 2019-23, study finds

Carbon Pulse - Fri, 2024-11-08 10:55
Private jets are contributing an increasingly significant share to global carbon emissions, with emissions rising nearly 50% over the last four years, according to a new study.
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Bring waste sectors into UK ETS but don’t raise emissions cap, Climate Change Committee urges govt

Carbon Pulse - Fri, 2024-11-08 10:24
The UK Climate Change Committee (CCC) has advised the government not to increase the emissions cap in the nation’s carbon market as it prepares to expand the scheme to include waste incineration and energy-from-waste (EfW) sectors in 2028.
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WCI Markets: WCAs cool off post repeal defeat, CCAs gain amidst ARB update wait

Carbon Pulse - Fri, 2024-11-08 10:19
Washington Carbon Allowance (WCA) prices cooled off after spiking following the defeat of a referendum to repeal the programme, while California Carbon Allowance (CCA) values rose amidst anticipation of greater regulatory clarity from ARB.
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Brazilian development bank to pour nearly $90 mln into new ethanol plant

Carbon Pulse - Fri, 2024-11-08 09:51
The Brazilian National Bank for Economic and Social Development (BNDES) has approved R$500 million ($88 mln) in financing for a new biofuels-producing ethanol plant, which it said will support Brazil’s goals to decarbonise the transport sector.
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‘Trajectory of economics’ will keep climate action moving despite Trump election, former US officials say

Carbon Pulse - Fri, 2024-11-08 09:28
While the second Trump presidency will likely hamper the US’ reputation for climate action on the global stage, top former governmental officials said Thursday that the incoming administration’s ability to stall the US – and the world’s – momentum towards a clean energy economy will be limited.
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Climate companies might not find solace in Canada following US elections, experts say

Carbon Pulse - Fri, 2024-11-08 09:27
Canadian cleantech tax credits and a favourable regulatory environment could lure US entrepreneurs to move north, but cohesive climate policy is under attack from Conservative opposition in the country, panellists said Thursday.
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Canadian oil sands emissions flatten in 2023 despite production bump -report

Carbon Pulse - Fri, 2024-11-08 09:14
Absolute greenhouse gas emissions in Canadian oil sands grew less than 1% for the third year in a row, according to analysis published on Thursday.
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