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COP16: Almost 4 of every 10 tree species threatened, major assessment finds

Carbon Pulse - Tue, 2024-10-29 02:50
Almost 40% of tree species covered by the first Global Tree Assessment released Monday were found to be at risk of extinction, with species at risk in 192 countries worldwide.
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Emissions from the wealthiest 1% would exhaust global carbon budget in five months if matched worldwide -report

Carbon Pulse - Tue, 2024-10-29 02:15
If everyone emitted carbon at the same rate as the world’s wealthiest 1%, the global carbon budget would be exhausted in under five months, according to a recent report.
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EU states can impose national carbon pricing mechanisms alongside ETS2 -lawyer

Carbon Pulse - Tue, 2024-10-29 02:00
EU member states will be legally permitted to introduce or maintain their own national carbon pricing mechanisms alongside the bloc’s soon-to-be-launched emissions trading system for buildings and road transport (EU ETS2).
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Scientists warn heat is making more of the planet unlivable, offer key insights

Carbon Pulse - Tue, 2024-10-29 01:18
Scientists have warned that rising temperatures are making the planet increasingly uninhabitable and pushing the Amazon to the brink of large-scale collapse, offering 10 climate insights and possible ways forward, in a report published on Monday.
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Alarm call as world's trees slide towards extinction

BBC - Tue, 2024-10-29 01:02
Scientists have revealed that more than a third of tree species are facing extinction.
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Alarm call as world's trees slide towards extinction

BBC - Tue, 2024-10-29 01:02
Scientists have revealed that more than a third of tree species are facing extinction.
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Hedgehogs ‘near threatened’ on red list after 30% decline over past decade

The Guardian - Tue, 2024-10-29 01:00

The mammals were once common across Europe but urban development has pushed them towards extinction

Hedgehogs are now listed as “near threatened” on the International Union for Conservation of Nature’s red list after a decline in numbers of at least 30% over the past decade across much of their range.

While hedgehogs were once common across Europe, and were until now listed as of “least concern” on the red list, they are being pushed towards extinction by urban development, intensive farming and roads, which have fragmented their habitat.

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COP16: BRIEFING – IAPB framework unlikely to prevent international offsetting unless governments step in

Carbon Pulse - Tue, 2024-10-29 01:00
Governments need to take urgent action to avoid perverse uses of biodiversity credits, including cross-border offsetting, as the International Advisory Panel on Biodiversity Credits (IAPB) believes its newly launched framework alone won’t be a sufficient safeguard, its co-chairs told Carbon Pulse.
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COP16: International panel releases framework for biodiversity credit markets

Carbon Pulse - Tue, 2024-10-29 01:00
An influential panel led by the UK and France on Monday released its long-awaited framework to steer and scale the development of high integrity biodiversity markets, advising against secondary markets transactions and ruling out the use of non-local credits for offsetting except for contribution purposes.
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UAE pilot project makes cleaner steel from renewable hydrogen

Carbon Pulse - Tue, 2024-10-29 00:57
The United Arab Emirates' state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.
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Uzbekistan sets groundwork for entry into international carbon markets

Carbon Pulse - Tue, 2024-10-29 00:53
A two-day seminar organised by a global financial institution and Uzbekistan’s economy ministry discussed the Central Asian country’s participation in international carbon markets, local media reported.
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Whitehaven Coal faces rare shareholder action over mining plans and CEO’s $7m bonus

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

Australian miner paying ‘massive bonuses’ for ‘steamrolling ahead with an outdated and unacceptably risky coal growth strategy’, activists say

Whitehaven Coal, one of Australia’s biggest coal producers, faces a rare “second strike” from shareholders this week as climate activists seek to draw attention to the miner’s plans to ramp up volumes and resulting carbon emissions.

The ASX-listed company received a 41% vote against its executives’ remuneration report at last year’s annual general meeting. A vote of at least 25% at this year’s AGM on Wednesday would force a motion to spill Whitehaven’s board.

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Abandoning Bass Strait oil and gas structures would breach international law, expert warns

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

Australia must insist on full removal when ExxonMobil decommissions offshore gas project, Wilderness Society says

An international law expert has warned abandoning oil and gas infrastructure in Bass Strait would breach Australia’s obligations under international law, if ExxonMobil pursues this plan in decommissioning its Gippsland offshore project.

Prof Donald Rothwell, who specialises in international law at the Australian National University, said Bass Strait was used for international navigation and had special status under the UN convention on the law of the sea (Unclos) and related International Maritime Organisation (IMO) guidelines.

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INTERVIEW: “We can be first movers on CCS” says EU fertiliser industry

Carbon Pulse - Mon, 2024-10-28 23:46
The European fertiliser industry has made strides on climate in the last 20 years, cutting emissions by nearly 50% since 2005. To tackle the remaining half, two options are available - but neither are cheap or easy, the sector's EU trade association told Carbon Pulse in an interview.
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Two Finnish firms partner to test carbon nanofibers in concrete

Carbon Pulse - Mon, 2024-10-28 23:20
Two Finland-based low-carbon technology companies have signed a commercial agreement to evaluate how carbon nanofibers might improve the strength of concrete and lower its carbon emissions, the firms announced on Monday.
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Euro Markets: Midday Update

Carbon Pulse - Mon, 2024-10-28 22:22
European carbon fell in line with natural gas and along with all energy markets on Monday morning as geopolitical tensions were judged to be lessening in the wake of Israeli attacks on military targets in Iran over the weekend.
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COP16: Philanthropies put over $50 mln on table for high-seas MPAs

Carbon Pulse - Mon, 2024-10-28 22:08
A group of major philanthropies on Monday announced they will contribute $51.7 million towards creating marine protected areas (MPAs) in international waters under the UN High Seas Treaty.
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EUA winter price outlook hinges on weather, speculative positions in TTF –analyst

Carbon Pulse - Mon, 2024-10-28 20:01
The outlook for EUA prices over the coming winter will largely depend on whether natural gas prices can hold on to their recent gains and whether speculative investors continue to hold significant long positions in TTF derivatives, according to an analyst.
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Conservatives come to power in Australia’s Queensland, promising to keep coal power plants open

Carbon Pulse - Mon, 2024-10-28 19:58
Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state's renewable energy target of 80% by 2035 and to keep coal-fired plants open.
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China should introduce uniform price auctions to national ETS, say researchers

Carbon Pulse - Mon, 2024-10-28 19:17
China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.
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