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Rising electricity demand in ASEAN being met by fossils, report finds

Carbon Pulse - Tue, 2024-10-22 09:00
The growth in electricity demand in the Association of Southeast Asian Nations (ASEAN) in 2023 was entirely met by fossil fuels, as expansion of renewables lagged behind, pushing the region’s emissions up by 6.6% last year, a report published Tuesday has found.
Categories: Around The Web

COP16: Money takes centre stage as nature talks open in Colombia

Carbon Pulse - Tue, 2024-10-22 08:36
Delegates from nearly 200 nations on Monday began two weeks of talks on how to implement the 2022 Global Biodiversity Framework (GBF), with questions around how to raise more funds to reverse nature loss and from who quickly taking centre stage.
Categories: Around The Web

Brazil leverages R$45 bln in funding for climate projects via inaugural programme auction -media

Carbon Pulse - Tue, 2024-10-22 08:29
Brazil’s programme to attract foreign finance towards green infrastructure projects announced the results of its first auction on Friday, detailing the terms of the public-private partnership required for capital deployment of approximately R$45 billion ($7.9 million).
Categories: Around The Web

Brazilian coffee carbon credit initiative announces pilot project in Minas Gerais

Carbon Pulse - Tue, 2024-10-22 08:06
An initiative to promote sustainable agricultural practices through carbon credit revenues amongst rural coffee producers in Brazil announced its pilot project in the state of Minas Gerais last week.
Categories: Around The Web

RGGI Weekly: Benchmark RGAs cross above “psychological $20 threshold” in illiquid market

Carbon Pulse - Tue, 2024-10-22 08:04
In the absence of near-term fundamental drivers and ongoing low liquidity, benchmark RGGI Allowances (RGA) reversed back above $20 over the week.
Categories: Around The Web

EU lawmakers call on COP29 leaders to phase out fossil fuels, expand carbon pricing

Carbon Pulse - Tue, 2024-10-22 06:13
The European Parliament's environment committee (ENVI) is calling on all countries to commit to phase out fossil fuels and adopt carbon-pricing mechanisms worldwide when they meet at COP29 next month.
Categories: Around The Web

US DOE invests $518 mln in CO2 storage projects

Carbon Pulse - Tue, 2024-10-22 05:43
The US Department of Energy (DOE) will invest more than $518 million in projects that will advance commercial-scale deployment of long-term carbon storage, the agency announced Monday.
Categories: Around The Web

COP16: Colombia eyes regulated carbon, biodiversity markets to meet nature financing targets under updated NBSAP

Carbon Pulse - Tue, 2024-10-22 05:37
Colombia plans to rely on regulated carbon and biodiversity credit markets to meet its financing targets under its newly released National Biodiversity Strategy and Action Plan (NBSAP), government officials told Carbon Pulse at the ongoing COP16 UN biodiversity summit.
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Brooklyn startup floats carbon removal project in NYC’s East River

Carbon Pulse - Tue, 2024-10-22 05:14
A Brooklyn-based carbon removal and storage technology firm has launched a pilot project in New York City's East River aimed at showcasing the company’s scalable and cost-effective carbon capture system.
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Where there’s smoke: the rising death toll from climate-charged fire in the landscape

The Conversation - Tue, 2024-10-22 05:09
New international research reveals climate change increased the proportion of wildfire smoke-related human deaths tenfold between the 1960s and 2010s. Here’s what that means for Australia. Fay Johnston, Professor, Menzies Institute for Medical Research, University of Tasmania Licensed as Creative Commons – attribution, no derivatives.
Categories: Around The Web

US Supreme Court to consider proper legal venue for challenges to EPA rules

Carbon Pulse - Tue, 2024-10-22 04:35
The US Supreme Court has agreed to consider a set of cases questioning the proper venue for hearing challenges to recent regulatory actions by the US Environmental Protection Agency (EPA), the court said in an order issued Monday.
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California diesel consumption increases YoY in July, gasoline continues to decline

Carbon Pulse - Tue, 2024-10-22 04:22
California diesel consumption reversed course, increasing year-on-year in July, as gasoline continued its steady YoY decline, state data published Monday showed.
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VCM Report: Buyers lack appetite after cookstove scandal, hopes pinned on Baku

Carbon Pulse - Tue, 2024-10-22 02:24
A rush of retirements, including from two large French companies, failed to lift the market in the wake of fraud allegations directed at C-Quest Capital last week, after Verra said the cookstove project developer was issued millions of bogus carbon credits, keeping general buying interest at bay.
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From drones to genomics, science can help fight extinction: that work must begin at Cop16 | Angela McLean

The Guardian - Tue, 2024-10-22 01:30

As nations meet in Colombia to confront species and ecosystem loss, the onus is on the global north to put science and collaboration at the heart of the issue

  • Angela McLean is chief scientific adviser to the UK government

Biodiversity, the incredible variety of life on Earth, is the backbone of the ecosystems that allow life on this planet to flourish. From the rich soil that nurtures our food and stores our carbon, to the green spaces that improve our mental health, biodiversity is an unsung hero upon which our societies and economies thrive.

Despite the clear benefits of – and moral arguments for – protecting nature, human activities are accelerating biodiversity loss at unprecedented rates. We are destroying habitats, overexploiting natural resources and introducing invasive species, which put plant and animal species at risk of extinction. Human-induced climate change is intensifying biodiversity loss and altering ecosystems, reducing their ability to provide natural climate solutions. Right now, in South America, devastating drought and fires – exacerbated by climate change – are destroying millions of acres of forest habitats.

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Categories: Around The Web

Windstorms could threaten forest carbon sequestration, national climate goals, modelling shows

Carbon Pulse - Tue, 2024-10-22 01:19
Windstorms could significantly reduce the ability of forests to act as carbon sinks, posing a major threat to national climate mitigation strategies that rely on these ecosystems to absorb greenhouse gases, according to researchers.
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Germany launches consultation on strategy for negative emissions -media

Carbon Pulse - Tue, 2024-10-22 01:17
The German government has opened its first online consultation to assess CO2 removal and storage methods as part of the country’s planned long-term negative emissions strategy, according to media sources.
Categories: Around The Web

Verra to restructure organisation, cut workforce by 25% amid challenging conditions

Carbon Pulse - Tue, 2024-10-22 01:03
Verra will restructure its organisation and cut its workforce by around a quarter, it announced Monday, as the voluntary carbon standard and registry deals with slowing market demand and mounting financial losses.
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