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European carbon prices posted healthy gains on Thursday morning, tracking a substantial rise in natural gas as traders reacted to news headlines that added uncertainty to the supply outlook.

Latvia is failing to use its emission allowance funds cost-effectively, and available funding is not being used, according to a state audit released on Wednesday.

Social impact investor Nesst plans to distribute $6 million throughout next year towards smaller enterprises that support nature in the Amazon region, Carbon Pulse has learned.

South Korea is seeking to expand international partnerships on blue carbon and forestry projects, as part of its efforts to secure credits aligned with Article 6 of the Paris Agreement.

Trump could stop in its tracks US’s emergence as clean energy superpower and forfeit billions in investment

The United States’s blossoming emergence as a clean energy superpower could be stopped in its tracks by Donald Trump, further empowering Chinese leadership and forfeiting tens of billions of dollars of investment to other countries, according to a new report.

Trump’s promise to repeal major climate policies passed during Joe Biden’s presidency threatens to push $80bn of investment to other countries and cost the US up to $50bn in lost exports, the analysis found, surrendering ground to China and other emerging powers in the race to build electric cars, batteries, solar and wind energy for the world.

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Non-profit CDP and disclosure standard the Global Reporting Initiative (GRI) have partnered to improve corporate assessments of nature-related impacts, they announced Thursday at the ongoing COP29 UN climate summit in Azerbaijan.

A UK carbon removal (CDR) developer has partnered with the country’s largest automotive platform to support enhanced rock weathering (ERW) projects, the two companies announced this week.

Australia this week launched a consultation on extending by five years the crediting period for non-biomethane wastewater projects, which had been set to expire in March next year.

Chile has this week launched a public consultation for a national decarbonisation plan with action items tied explicitly to its ETS and carbon tax plans, and attracting investment in battery storage.

The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank, on Thursday launched a letter of authorisation (LoA) template designed to help drive efficiencies in Article 6 carbon markets.

A rainforest-rich Brazilian state will aim to sell REDD+ carbon credits worth hundreds of millions as part of sales facilitated by an international commodities trader, its government said at COP29.

Join us for all the latest developments from day 4 of the climate summit in Azerbaijan

If delegates want evidence of the reality of the climate crisis they only need to look at Spain, which has been hit by deadly flooding for the second time in two weeks. More than 200 people have been killed and the anger towards politicians for their perceived failure to protect the public should serve as a warning to the leaders negotiating at Cop29.

My colleague Jonathan Watts has written a piece today looking at the likely impact of Donald Trump’s victory in the US on the climate crisis.

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It is Day 4 at COP29 in Baku - Finance Day. Negotiation chairs are expected to drop new draft texts on Article 6, after trimming the text on a New Collective Quantified Goal (NCQG) from 35 to 33 pages early this morning. Expect a flurry of events on what these difficult climate finance talks need to achieve for developing countries, as well as the role of carbon markets in all of it. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

Bedfordshire farm was saved through public donations after a successful £1.5m crowdfunding campaign

A unique farm that was “accidentally” rewilded 35 years ago and is now a haven for endangered nightingales and other rare wildlife has been saved, thanks in part to the generosity of Guardian readers.

Strawberry Hill in Bedfordshire has been successfully bought by the Wildlife Trust for Beds, Cambs and Northants (BCN) after a crowdfunding appeal raised £1.5m.

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Dutch appeal court ruled in favour of oil and gas company over judgment telling it to limit emissions

A court ruling in favour of Shell does not spell the end of climate litigation against companies, legal experts have said.

The oil and gas company celebrated on Tuesday when it won an appeal against a landmark climate judgment by a Dutch court.

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Biosecurity officials investigating after red imported fire ants found in lawn laid at Clunes property

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A global super pest that has settled into south-east Queensland has been accidentally imported into New South Wales, marking its first known incursion in almost a year.

Officials are now inquiring whether turf was falsely signed off as being treated for fire ants before crossing the border on Wednesday.

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External climate finance for developing countries, minus China, needs to triple to $1 trillion per year by 2030, and risks growing higher the longer it is delayed in this decade, an influential panel of experts warned on Thursday.

Governments must act now to unlock demand that would spur green industry, a global network of industrial stakeholders has said, with carbon markets a key tool required to make this happen.

The expected rise in global temperature has remained unchanged in the past three years since COP26, due to governments failing to improve on their policies and pledges, a new report has found. 

Study says funding to cope with climate breakdown needed five years earlier than expected

Poor countries need $1tn a year in climate finance by 2030, five years earlier than rich countries are likely to agree to at UN climate talks, a new study has found.

Waiting until 2035 to receive the funding, which is to help them cut greenhouse gas emissions and cope with extreme weather, would place damaging burdens on vulnerable countries, warned the Independent High-Level Expert Group on Climate Finance, a group of leading economists.

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