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At Cop29 bridges must be built between the diverging north and south to keep 1.5C in reach | Mukhtar Babayev

The Guardian - Tue, 2024-03-12 17:00

Re-establishing trust between developed and developing nations is essential if our goals are to be achieved

Last year was a double first: in 2o23, both electric vehicle usage and worldwide electricity generation from coal reached new heights. Increased electricity demand and energy-disrupting conflicts in Europe and the Middle East played their part. But it is a stark reminder that meeting 1.5C obligations requires clean energy consumption and production to shift together, and that we must find mechanisms to guard against further interruption of both by future geopolitical events.

This can start at Cop29 in Azerbaijan. We must break for good the stop-start of Cop agreements so there is follow-through from one to the next. This began last month with the launch of the Cop Presidencies Troika, ensuring Azerbaijan will be the bridge in decision-making and implementation from the leadership of the 28th summit in UAE through to the 30th in Brazil next year. This rolling mechanism will ensure the summits themselves transition away from staging grand announcements to a platform for continuity through monitoring and implementation.

Mukhtar Babayev is Azerbaijan’s minister for ecology and natural resources and the president-designate of Cop29

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Newly elected leaders to be held to same climate obligations, says Cop29 chief

The Guardian - Tue, 2024-03-12 17:00

Exclusive: Incoming UN summit president calls on governments to stay on track, as majority of global population go to the polls

The governments that assume power after elections around the world this year will be held to the same climate obligations as their predecessors, the chief of this year’s UN climate summit has warned.

Cop29 will be held in Azerbaijan in November, near the end of a crucial year in which most of the global population – from the UK, the EU and the US to India and Russia – will head to the polls. The US presidential election, likely to be a bitter fight with climate a key issue, will be held on 5 November, with Cop29 to take place days later, from 11 to 22 November, in the Azerbaijani capital, Baku.

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“No appetite” for carbon neutral LNG as buyers too price sensitive, oil major says

Carbon Pulse - Tue, 2024-03-12 16:54
There is little appetite in the buyers’ market for lower carbon LNG cargoes given they are already very “price sensitive”, an oil executive told an investor briefing Monday.
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Indonesia could miss methane goal if it continues to under-report coal mine emissions, think tank says

Carbon Pulse - Tue, 2024-03-12 16:07
Indonesia is jeopardising its efforts to meet its international climate commitments by under-reporting its coal mine methane emissions, a report released Tuesday said.
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Reducing banked allowances in tightening cap-and-trade on the table at California joint committee hearing

Carbon Pulse - Tue, 2024-03-12 14:20
ARB staff and a stakeholder panel discussed with lawmakers at a joint committee public hearing on Monday the option of reducing the pool of banked allowances, trimming free allocation, or lowering California’s emissions cap to increase cap-and-trade programme stringency, as well as the future of the scheme post 2030.
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DAC developer partners with NZ Future Energy Centre on pilot project

Carbon Pulse - Tue, 2024-03-12 13:37
A Direct Air Capture (DAC) project developer is partnering with New Zealand’s Future Energy Centre (Ara Ake) to help develop the first pilot project of its kind in the country, it announced Monday.
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Korean non-profit establishes council for voluntary market engagement

Carbon Pulse - Tue, 2024-03-12 12:27
A South Korean non-profit dedicated to sustainable development has established a special council led by a climate policy veteran to facilitate the engagement of domestic companies in the voluntary carbon market.
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Critically endangered stonefly with ‘remarkable’ lifespan faces extinction as Victorian government decision condemned

The Guardian - Tue, 2024-03-12 12:20

Mount Donna Buang wingless stonefly could disappear after critical habitat determination rejected, conservationists say

A critically endangered stonefly, which can outlive most other insects, may become extinct after the Victorian government made an “incredibly disappointing” decision.

That’s the claim from the Victorian National Parks Association, which was frustrated on Monday after the government rejected an application for the Mount Donna Buang wingless stonefly to be granted a critical habitat determination.

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Bananas to cost more as climate warms, says expert

BBC - Tue, 2024-03-12 12:12
A warming climate and fast-spreading diseases threaten supplies and push up prices, a top banana industry expert warns.
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US 2025 budget requests additional $27 bln in climate funding

Carbon Pulse - Tue, 2024-03-12 10:13
The Biden administration’s $7.4 billion 2025 budget plan requests an increase of $26.9 bln for climate programmes across US agencies, as well as funding for international climate finance, according to documents released Monday.
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New gas power plants to stop blackouts - minister

BBC - Tue, 2024-03-12 10:07
Critics say a commitment to build new gas-fired power stations would threaten climate pledges.
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NZ Climate Commission warns of material NZU oversupply, calls for large cuts to auction volumes  

Carbon Pulse - Tue, 2024-03-12 10:05
The volume of NZUs available at auction must be dramatically reduced to cut a surplus in New Zealand’s ETS that threatens to undermine its effectiveness, the country’s Climate Change Commission (CCC) said Tuesday.
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