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Australian oil major sets 2040 carbon storage target

Carbon Pulse - Tue, 2024-11-19 16:15
Oil and gas major Santos has set a target to build and operate a commercial carbon storage business that would permanently store around 14 million tonnes of third-party CO2 per year by 2040.
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‘It is feasible’: climate finance won’t burden rich countries, say economists

The Guardian - Tue, 2024-11-19 16:00

Experts say mix of taxes with development bank and private funding can provide $1tn a year needed by 2030

Raising money needed to tackle the climate crisis need not be a burden on overstretched government budgets, leading economists have said.

The sums needed – approximately $1tn a year by 2030 – are achievable without disruption to the global economy, and would help to generate greener economic growth for the future.

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UK’s intensive farming hotspots have 79 times more chickens than people, data shows

The Guardian - Tue, 2024-11-19 16:00

Despite large poultry units being a key driver of river pollution, their number has soared near the Wye and Severn

More than 51 million chickens are being industrially farmed in the river valleys of the Severn and Wye – the equivalent of 79 chickens for every person in the region, according to new figures.

The exponential rise in large intensive poultry units (IPUs) in the valleys is a key driver of river pollution. Chicken dropping contains more phosphates – which starve fish and river plants of oxygen – than any other animal manure.

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Could keeping native species as pets save them from extinction? Here’s why it’s not that simple

The Conversation - Tue, 2024-11-19 15:57
Why can’t you keep a wombat or koala as a pet rather than a cat or dog? There are good reasons why keeping native animals as pets isn’t as easy as it seems Meg Edwards, Lecturer in Wildlife Science, University of Southern Queensland Licensed as Creative Commons – attribution, no derivatives.
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Cop29 negotiations aren’t moving fast enough. The Pacific is running out of time | Surangel Whipps Jr

The Guardian - Tue, 2024-11-19 14:24

Small island states must continue to be protected by special circumstances and need access to sufficient climate-based finance, Palau’s president writes

A week into Cop29 negotiations, we’re not moving fast enough – or anywhere for that matter – on some key issues.

Climate finance, or more specifically the new collective quantified goal (NCQG) to replace the current $100bn a year goal, and the work to operationalise the loss and damage fund, are key expected outcomes here in Baku.

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California transport and natural gas emissions spike in 2023 under cap-and-trade programme

Carbon Pulse - Tue, 2024-11-19 12:49
Emissions from transportation fuel and gas supplied rose year-on-year in 2023, even as overall GHG output under the California cap-and-trade programme continued a declining trend led by industry and power sub-sectors, according to data from the regulator.
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Washington clarifies timeline for cap-and-invest changes after linkage bill takes effect

Carbon Pulse - Tue, 2024-11-19 12:31
Washington state’s Department of Ecology (ECY) on Monday highlighted upcoming cap-and-trade changes as a linkage bill takes effect beginning 2025, including an increase in allowance purchase limit at the quarterly auctions, offsets, and electricity imports.
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‘Graveyard of corals’ found after extreme heat and cyclones hit northern Great Barrier Reef

The Guardian - Tue, 2024-11-19 10:13

Marine scientists say one area around Cooktown and Lizard Island had lost more than a third of its live hard coral after bleaching event

Reefs across the north of the Great Barrier Reef have seen “substantial losses” of coral cover after a summer of extreme heat, two cyclones and major flooding, according to the first results of surveys from government marine scientists.

After the most widespread coral bleaching event seen on the world’s biggest reef system, the Australian Institute of Marine Science said one area around Cooktown and Lizard Island had lost more than a third of its live hard coral – the biggest annual drop in 39 years of monitoring.

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Let’s not waste another summer debating climate science – Australia’s energy transition can work for everyone | Peter Lewis

The Guardian - Tue, 2024-11-19 09:45

When the heat is on, the onus should be on the Coalition to explain why they don’t support measures to ensure their newly discovered battlers have access to rooftop solar

Australia is facing the extreme risk of dangerous concentrations of high pressure and hot air this summer. There is also a strong likelihood of heatwaves.

The return of the performatively anti-climate Donald Trump will see the world’s biggest per capita carbon polluter pull out of global targets, emboldening energy incumbents and their mouthpieces to amp up their attacks on renewables.

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US-based ocean CDR startup names new leadership

Carbon Pulse - Tue, 2024-11-19 08:18
A US-based ocean carbon removal startup has announced a series of leadership appointments aimed at accelerating the deployment of its carbon capture technology.
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US DOE funds $26 mln toward offshore Louisiana CCS project

Carbon Pulse - Tue, 2024-11-19 08:11
A carbon capture and storage (CCS) developer announced on Monday that it received a $26 million grant as part of the US Department of Energy's (DOE) CarbonSAFE Phase III programme, to advance a storage hub in Louisiana state waters.
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RGGI Market: Prices slide on thin volumes as observers await regulatory updates

Carbon Pulse - Tue, 2024-11-19 08:07
RGGI Allowance (RGA) prices retreated on lighter market activity amidst anticipation of additional announcements regarding the ongoing Third Program Review.
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