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Science-based targets overly simplistic and can lead to unequal distribution of responsibility -paper

Carbon Pulse - Thu, 2024-07-25 01:57
There are major issues with how science-based targets are set by companies and governments alike, including basic misinterpretation and over-simplification, scientists have warned.
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Global fertiliser company signs up for green offtake from Paraguay

Carbon Pulse - Thu, 2024-07-25 01:35
A global crop nutrition company and a green fertiliser firm have signed an agreement for the offtake of a calcium ammonium nitrate (CAN) fertiliser project in Villeta, Paraguay. 
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Tree bark plays vital role in removing methane from atmosphere, study finds

The Guardian - Thu, 2024-07-25 01:28

Researchers uncover ‘remarkable new way in which trees provide a vital climate service’ by reducing emissions

Microbes in the bark of trees play a vital role in removing methane from the atmosphere, scientists have discovered.

The greenhouse gas is a product of agriculture and the burning of fossil fuels and is 28 times more potent than carbon dioxide. However, it remains in the atmosphere for a shorter time.

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Global coal demand to remain unchanged through 2025, despite rise in renewables -IEA

Carbon Pulse - Thu, 2024-07-25 01:12
Global consumption of coal will remain unchanged through 2025 due to the rising demand for electricity in major economies, despite a rapid expansion of renewables, the International Energy Agency (IEA) said Wednesday.
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Rare fossils reveal secrets of mammal evolution

BBC - Thu, 2024-07-25 01:02
The fossils hold clues as to how mammals that lived in the shadow of dinosaurs evolved to dominate the world.
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Clear Sky announces two SAF deals on Wednesday 

Carbon Pulse - Thu, 2024-07-25 01:00
Clear Sky, an investment company specialising in aviation sustainability, announced two sustainable aviation fuel (SAF) partnerships on Wednesday. 
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Steelmakers throw weight behind EU power market reform to drive decarbonisation

Carbon Pulse - Thu, 2024-07-25 00:24
The new ‘Clean Industrial Deal’ outlined by European Commission President Ursula von der Leyen last week should include a reform of EU electricity market rules, so that heavy industries can benefit from low-cost renewable and nuclear energy, EU trade association Eurofer told Carbon Pulse in an exclusive interview.
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‘High quality, low price and dizzying variety’: how the Chinese switched to electric cars

The Guardian - Wed, 2024-07-24 23:00

The country has long been the world’s biggest market – but the government’s interest is more geopolitical than environmental

When Kenzi, an advertising worker in Shanghai, bought an electric vehicle in November she wasn’t even thinking about the environmental benefits. She had read Elon Musk’s biography and thought the Tesla 3 looked good. She also knew that if she bought an EV she could bypass the long wait and cost of getting licence plates, which are rationed by the government.

“It’s not easy to get a licence plate in Shanghai, but you get a licence for free when you buy an EV,” she said.

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EKI Energy reports net profit in last quarter following its venture into power trading

Carbon Pulse - Wed, 2024-07-24 22:37
India’s leading carbon credit developer and supplier EKI Energy Services has posted a net profit of 8.4% or INR 348.3 lakh ($0.42 million) in the quarter ending June, on the back of increased income from its venture into power trading, the company announced Tuesday.
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President Ramaphosa signs into law South Africa’s landmark Climate Change Bill

Carbon Pulse - Wed, 2024-07-24 22:33
South African President Cyril Ramaphosa has signed into law the country’s landmark Climate Change Bill, imposing emissions caps on major polluters, the government announced on Tuesday.
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CAR releases draft Argentina biogas livestock protocol for public comment

Carbon Pulse - Wed, 2024-07-24 22:04
The Climate Action Reserve (CAR) standard has released a draft version of the Argentina Livestock Protocol, aiming for greater coherence in the accounting and reporting of greenhouse gas (GHG) emission reductions in Argentina's livestock sector. 
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Australia could fix landscapes with just 0.3% of GDP in funding -scientists

Carbon Pulse - Wed, 2024-07-24 21:48
Australia could mend much of its degraded landscapes by directing A$7.3 billion ($4.8 bln) in funding per year, equivalent to 0.3% of GDP, a group of scientists said in ‘first-of-its-kind’ in-depth investment analysis on Wednesday.
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It’s easy to blame petrostates – but self-proclaimed ‘climate leaders’ like the US and UK are driving the crisis | Tessa Khan

The Guardian - Wed, 2024-07-24 21:30

In thrall to the oil and gas industries, wealthy nations are backing calamitous projects. But the tide is turning

  • Tessa Khan is executive director of the climate action organisation Uplift

It is a delusion to believe that the world’s climate is being pushed to the brink solely by undemocratic petrostates such as Russia and Saudi Arabia. The truth is that about half of all planned oil and gas developments between now and 2050 will be sanctioned by wealthy governments that position themselves as climate leaders: the US, Canada, Australia, Norway and the UK.

It is the countries that like to think of themselves as the good guys that are driving the climate crisis – and not just because of historical emissions and the high-carbon lifestyles of our middle class. It is because our governments refuse to take one of the most obvious actions needed to stop the crisis: keeping oil and gas in the ground. As we have heard time and again, governments are planning to sanction vastly more oil and gas than can be burned in a world with a safe climate.

Tessa Khan is a lawyer and the executive director of the climate action organisation Uplift

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Euro Markets: Midday Update

Carbon Pulse - Wed, 2024-07-24 21:22
European carbon prices extended their gains from Tuesday, continuing to erase the last four days of losses as traders pursued the technical rally and compensated for the lack of a daily auction, while the weekly Commitment of Traders data showed a sizeable increase in speculative short positions, underpinning the gains as participants looked to test bearish conviction.
Categories: Around The Web

‘Inexcusable’: should climate hypocrites get the petrostates label?

The Guardian - Wed, 2024-07-24 20:36

Suggestions definition of petrostate is too narrow as many rich countries that could phase out fossil fuels double down

“Drill, baby, drill!” Donald Trump’s ominous avowal to pump up the oil and gas production of the US has horrified many people around the world about the intentions of the Republican candidate, who has also declared he wants to be “dictator for a day”. Rather than the prospective leader of the free world, the election frontrunner sounds more like the tyrant of a petrostate.

That should not be entirely surprising given the country’s recent record: it has ramped up fossil fuel production to become the world’s biggest producer. As a Guardian investigation reveals, the total number of projected licences by the US for 2024 could lead to an estimated 397m tonnes of planet-heating emissions.

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Indonesia plans to stage carbon tax in two phases, webinar hears

Carbon Pulse - Wed, 2024-07-24 20:30
Indonesia plans a two-stage carbon tax even as its domestic carbon credit market remains illiquid and sparsely traded, a webinar heard this week according to local media.
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EU, US blame India for sinking WTO deal on harmful fisheries subsidies

Carbon Pulse - Wed, 2024-07-24 20:13
The latest World Trade Organisation (WTO) talks failed to break a deadlock on reform aimed at strengthening rules on harmful fisheries subsidies, with the EU and the US blaming India for thwarting the deal.
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Revealed: Tories failed to do impact check before approving banned pesticide

The Guardian - Wed, 2024-07-24 20:12

Exclusive: UK campaigners say it is ‘unacceptable’ no nature assessments were made on bee-killing Cruiser SB

The Conservative government did not carry out a legally required assessment of how green-lighting the use of a banned pesticide, described as a “death blow to wildlife”, would affect some of the most important nature sites, documents have revealed.

The previous government gave emergency approval this year for sugar beet farmers to use Cruiser SB for the fourth year in a row.

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Wealthy countries lead in new oil and gas expansion, threatening 12bn tonnes of emissions

The Guardian - Wed, 2024-07-24 20:00

The US and the UK among countries with low dependence on fossil fuels criticized for ‘hypocrisy’ on climate pledges

A surge in new oil and gas production in 2024 threatens to unleash nearly 12bn tonnes of planet-heating emissions, with the world’s wealthiest countries – such as the US and the UK – leading a stampede of fossil fuel expansion in spite of their climate commitments, new data shared exclusively with the Guardian reveals.

The new oil and gas field licences forecast to be awarded across the world this year are on track to generate the highest level of emissions since those issued in 2018, as heatwaves, wildfires, drought and floods cause death and destruction globally, according to analysis of industry data by the International Institute for Sustainable Development (IISD).

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