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Finland to be first EU nation to set up voluntary biodiversity credit framework

Carbon Pulse - Tue, 2024-10-29 23:35
Finland has become the first EU member state to announce plans to develop a framework for companies to invest in voluntary biodiversity credits that go beyond existing environmental offsetting provisions, in a bid to encourage companies to take nature action.
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I used to conserve artworks. Now I am in prison for taking climate action | Margaret Reid

The Guardian - Tue, 2024-10-29 23:00

It was my dream job. But what’s the point of preserving masterpieces for a future being destroyed by fossil fuel companies?

  • Margaret Reid is currently on remand for taking action with Just Stop Oil

I used to be part of the art world but I just can’t stomach it any more. Now I’m in prison, and it suits my conscience better. Back in the 1980s, art was my life. Aged 16, I fell head over heels for painting and could imagine nothing better than spending my life working in museums.

Looking back almost 40 years, I see my younger self, starstruck in Paris. I’m staring up with awe at Théodore Géricault’s The Raft of the Medusa and greedily gobbling up the story of how it scandalised the art world. That sickening green cadaver that almost fell out of the frame had me weeping with admiration. Of course it shocked the critics. They hated the grisly truth: the emaciated corpse that was a direct challenge to government corruption and incompetence.

Margaret Reid is a former museum professional currently on remand for taking action with Just Stop Oil

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BRIEFING: Vietnam looks at Korea, EU examples for international carbon offsets

Carbon Pulse - Tue, 2024-10-29 22:57
Vietnam is finalising the details of a decree outlining how emitters will be allowed to meet 10% of their greenhouse gas reduction obligation with foreign offsets and is looking to South Korea and the EU as examples, officials said Tuesday.
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Euro Markets: Midday Update

Carbon Pulse - Tue, 2024-10-29 22:39
European carbon prices resumed the recovery that began late last week, erasing Monday's loss and reconnecting with Thursday and Friday's intraday highs as buyers returned to the market and pushed prices close to technical resistance levels.
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Hard-hit Defra to have budget slashed further despite warnings

The Guardian - Tue, 2024-10-29 22:00

Department’s finances were slashed during austerity and campaigners say more cuts will stall progress to meet nature and climate targets

Rachel Reeves has been urged not to cut the government’s environment funding in the budget as analysis shows the department’s finances were slashed at twice the rate of other departments in the austerity years.

Between 2009/10 and 2018/19, the environment department budget declined by 35% in monetary terms and 45% in real terms, according to Guardian analysis of annual reports from the Department for the Environment, Food and Rural Affairs (Defra), the Environment Agency and Natural England. By comparison, the average cut across government departments during the Conservative austerity programme was about 20%. During the first five years of austerity, it was the most cut department.

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Biodiversity credit company announces data partnership

Carbon Pulse - Tue, 2024-10-29 21:14
A biodiversity credit project developer and a data provider have announced a partnership with the aim of scaling projects in countries across Africa, South America, and Europe, Carbon Pulse has learned.
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Spanish farming association launches carbon credit project for the swine sector

Carbon Pulse - Tue, 2024-10-29 20:52
A Spanish agricultural organisation has launched a project aimed at generating carbon credits from the livestock sector, targeting pollution reduction and emissions control in pig farming.
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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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