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From a US$300 billion climate finance deal to global carbon trading, here’s what was – and wasn’t – achieved at the COP29 climate talks

The Conversation - Sun, 2024-11-24 14:37
Expectations were low for the latest UN climate summit. But climate law expert Jacqueline Peel – who was at the talks – explains what progress was made. Jacqueline Peel, Director, Melbourne Climate Futures, The University of Melbourne Licensed as Creative Commons – attribution, no derivatives.
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Cop29 agrees $1.3tn climate finance deal but campaigners brand it a ‘betrayal’

The Guardian - Sun, 2024-11-24 09:47

Deep divisions remain after high-stakes talks end with agreement to help developing world shift to low-carbon economy

Rich and poor countries concluded a trillion-dollar deal on the climate crisis in the early hours of Sunday morning, after marathon talks and days of bitter recriminations ended in what campaigners said was a “betrayal”.

The developing world will receive at least $1.3tn (£1tn) a year in funds to help them shift to a low-carbon economy and cope with the impacts of extreme weather, by 2035.

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COP29: New climate finance goal set at $300 bln, amid anger and hurt from poorer countries

Carbon Pulse - Sun, 2024-11-24 09:15
Wealthy countries will aim to shore up $300 billion per year of climate finance by 2035, as the core part of a global, economy-wide target for $1.3 trillion per year, under a contentious agreement struck early Sunday morning at the close of COP29.
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Spiky blue devils and chocolate lilies: Victorian grassland bursts with wildflowers after ecological ‘reset’

The Guardian - Sun, 2024-11-24 05:00

Careful management including weed control and a burn laid the groundwork for floral abundance in Boorhaman reserve

Thousands of native daisies, aromatic lilies, milkmaids, billy buttons and rare orchids have blossomed in a pocket of north-east Victorian grassland in one of the best wildflower displays in years.

Glen Johnson, an ecologist at Wild Research, said Boorhaman reserve, located north of Wangaratta, was “an amazingly diverse environment from the knees down”.

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Row over who will pay $1tn climate fund drags Cop29 talks past the deadline

The Guardian - Sun, 2024-11-24 04:53

Rich countries resist increasing their contributions to poor countries that are bearing the brunt of global heating

Talks on a new trillion-dollar global deal to tackle the climate crisis dragged on late into Saturday night, as rich and poor countries fought over how much cash was needed, and who should pay.

Rich countries want to offer only about $300bn out of the $1.3tn a year needed from their own coffers, with the rest to come from other sources including potential new taxes and private investors.

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Makeup, floss and hair dye use in pregnancy leads to more PFAS in breast milk – study

The Guardian - Sun, 2024-11-24 01:00

‘Forever chemicals’ pose health threat to developing children and linked with preterm birth, shorter lactation

Higher usage of personal care products among pregnant or nursing women leads to higher levels of toxic PFAS “forever chemicals” in their blood and breast milk, new research shows, presenting a serious health threat to developing children.

The new study helps connect the dots among previous papers that have found concerning levels of PFAS in personal care products, umbilical cord blood, breast milk and shown health risks for developing children.

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Revealed: Saudi Arabia accused of modifying official Cop29 negotiating text

The Guardian - Sun, 2024-11-24 00:49

Exclusive: News of changes to usually non-editable document ‘risks placing climate summit in jeopardy'

A Saudi Arabian delegate has been accused of directly making changes to an official Cop29 negotiating text, it can be revealed.

Cop presidencies usually circulate negotiating texts as non-editable PDF documents to all countries simultaneously, and they are then discussed. Giving one party editing access “risks placing this entire Cop in jeopardy”, one expert said.

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COP29: Article 6 deal clinched in momentous win for international carbon markets

Carbon Pulse - Sun, 2024-11-24 00:41
Article 6 negotiators from nearly 200 countries have reached a historic agreement on international carbon markets at COP29, in a decision that finally concludes the rules governing the trading and crediting of mitigation outcomes under Article 6 of the Paris Agreement.
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‘Catastrophic’ marine heatwaves are killing sealife and causing mass disruption to UK fisheries

The Guardian - Sat, 2024-11-23 22:00

Targeted research must be launched urgently to save sea creatures and plant life, oceanography centre warns

Britain is facing a future of increasingly catastrophic marine heatwaves that could destroy shellfish colonies and fisheries and have devastating impacts on communities around the coast of the UK.

That is the stark conclusion of a new report by the National Oceanography Centre (NOC), based in Southampton, which is pressing for the launch of a targeted research programme as a matter of urgency to investigate how sudden temperature rises in coastal seawater could affect marine habitats and seafood production in the UK.

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Huge election year worldwide sees weakening commitment to act on climate crisis

The Guardian - Sat, 2024-11-23 21:00

Among sweeping rightwing electoral victories across the globe, the ‘big loser of the elections has been climate’

An unprecedented year of elections around the world has underscored a sobering trend – in many countries the commitment to act on the climate crisis has either stalled or is eroding, even as disasters and record temperatures continue to mount.

So far 2024, called the “biggest election year in human history” by the United Nations with around half the world’s population heading to the polls, there have been major wins for Donald Trump, the US president-elect who calls the climate crisis “a big hoax”; the climate-skeptic right in European Union elections; and Vladimir Putin, who won another term and has endured sanctions to maintain Russia’s robust oil and gas exports.

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First grey seal pup of the season born on Suffolk coast

The Guardian - Sat, 2024-11-23 20:00

Fourth consecutive year that seals have bred at Orford Ness, where more than 130 pups were born last season

The first grey seal pup of the season has been born at a remote shingle spit that was once a cold war weapons-testing site.

The birth at Orford Ness on the Suffolk coast marks the fourth consecutive year of seals breeding there, which began in 2021 after a reduction in visitor access because of the Covid pandemic.

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Cop29 live: talks into overtime as Greta Thunberg says people in power ‘about to agree to death sentence’

The Guardian - Sat, 2024-11-23 18:17

The talks in Azerbaijan have seen nations at odds over how much money developed countries should provide to poorer ones

Negotiators have told our reporters on-the-ground that rich countries have agreed to up their offer on the crucial issue of climate finance. Read the full story from Adam Morton, Fiona Harvey and the rest of the team here.

Major rich countries at UN climate talks in Azerbaijan have agreed to lift a global financial offer to help developing nations tackle the climate crisis to $300bn a year, as ministers met through the night in a bid to salvage a deal.

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Cop29: wealthy countries agree to raise climate finance offer to $300bn a year

The Guardian - Sat, 2024-11-23 17:45

EU and nations including the UK, US and Australia indicate they will make the increase in exchange for changes to a draft text, sources say

Major rich countries at UN climate talks in Azerbaijan have agreed to lift a global financial offer to help developing nations tackle the climate crisis to $300bn a year, as ministers met through the night in a bid to salvage a deal.

The Guardian understands the Azeri hosts brokered a lengthy closed-door meeting with a small group of ministers and delegation heads, including China, the EU, Saudi Arabia, Brazil, the UK, US and Australia, on key areas of dispute on climate finance and the transition away from fossil fuels.

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Slovenian girl, 12, saves project aiming to reintroduce cicadas to New Forest

The Guardian - Sat, 2024-11-23 16:00

Conservationists failed to capture elusive insects this summer, so Kristina Kenda offered to step in

When British conservationists flew to Slovenia this summer hoping to catch enough singing cicadas to reintroduce the species to the New Forest, the grasshopper-sized insects proved impossible to locate, flying elusively at great height between trees.

Now a 12-year-old girl has offered to save the Species Recovery Trust’s reintroduction project. Kristina Kenda, the daughter of the Airbnb hosts who accommodated the trust’s director, Dom Price, and conservation officer Holly Stanworth in the summer summer, will put out special nets to hopefully catch enough cicadas to re-establish a British population.

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‘Protect the climate for whom?’: Palestinians highlight Gaza at Cop29

The Guardian - Sat, 2024-11-23 15:00

Advocates and officials argue that consequences of Israeli siege are inextricably linked to tackling the climate crisis

As countries negotiate over climate finance, Palestinian officials and advocates have come to Cop29 in Baku to highlight global heating’s intersection with another crisis: Israel’s siege on Gaza.

“The Cop [meetings] are very keen to protect the environment, but for whom?” said Ahmed Abu Thaher, director of projects and international relations at Palestine’s Environment Quality Authority, who had travelled to Cop29 from Ramallah. “If you are killing the people there, for whom are you keen to protect the environment and to minimise the effects of climate change?”

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Compliance entities fall short RGGI permits in Q3 as prices rocketed to records -report

Carbon Pulse - Sat, 2024-11-23 13:15
RGGI compliance entities hold a permit shortfall in Q3 from an earlier surplus through the prior quarter, while RGGI credit prices in the secondary market rose to new records, according to the latest market monitor report.
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Massachusetts finalises CHS reporting requirements for heating fuel suppliers and storage facilities

Carbon Pulse - Sat, 2024-11-23 12:57
Massachusetts this week published final GHG reporting requirements for entities to be regulated under the Clean Heat Standard (CHS) with minor changes, but nevertheless extended the registration deadline for enrollment.
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Magnesium hydroxide highly effective for ERW, but there’s a catch -study

Carbon Pulse - Sat, 2024-11-23 12:34
Magnesium hydroxide (MgOH2) is one of the most effective materials for capturing and storing atmospheric CO2, according to a new study that evaluated the potential for commonly-used hydrated rock, mineral powders, and industrial cement waste in enhanced rock weathering (ERW).
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China's giant sinkholes are a tourist hit - but ancient forests inside are at risk

BBC - Sat, 2024-11-23 11:22
These caves were unexplored for thousands of years, protected by swirling mists and terrifying tales.
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CFTC: CCA investors flock to V25 as prices spiral lower, RGGI traders quietly add net length

Carbon Pulse - Sat, 2024-11-23 10:56
Financial entities continued to trim V24 California Carbon Allowance (CCA) exposure and build V25 length this week as futures prices spiralled lower into the Q4 WCI allowance sale after sentiment soured with news of regulatory delays, while traders added to RGGI Allowance (RGA) net length even as price action stalled, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
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