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COP16: INTERVIEW – Bioenergy flies under the radar at biodiversity negotiations

Carbon Pulse - Sun, 2024-10-27 02:41
Contentious government support for bioenergy could qualify as a subsidy harmful to biodiversity under the Kunming-Montreal Global Biodiversity Framework (GBF), but the topic could be sidelined entirely at COP16 by the focus on other agenda items, an NGO policy expert has told Carbon Pulse.
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UK climate advisors urge 81% emissions cut by 2035, no use of international credits to meet NDC

Carbon Pulse - Sat, 2024-10-26 23:39
The UK should commit to cutting its greenhouse gas emissions by 81% from 1990 levels by 2035, the country’s Climate Change Committee (CCC) has recommended, as part of the country’s updated contribution to the Paris Agreement ahead of the COP29 climate summit in Azerbaijan next month.
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First Ghana Article 6 deal timeline shifts to early 2025

Carbon Pulse - Sat, 2024-10-26 22:00
Ghana is on track to transact its first batch of Article 6 carbon credits before the end of Q1 2025, according to government officials.
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COP16: CSO letter with over 140 signatories calls for greater finance, protection for water and wetlands

Carbon Pulse - Sat, 2024-10-26 21:48
A joint letter signed by over 140 civil society organisations (CSOs) and experts has laid out priority areas for promoting the health of water and wetlands, highlighting COP16 themes of finance and the nature-climate nexus.
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Verra updates VCM methodology for IFM projects that seek to prevent logging

Carbon Pulse - Sat, 2024-10-26 21:14
Carbon standards body Verra this week released an updated version of methodology for Improved Forest Management (IFM) projects that seek to earn carbon credits through preventing logging.
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Big UK emissions cut needed, says climate watchdog

BBC - Sat, 2024-10-26 16:36
The government's advisers say faster action is needed but the UK has the tools to achieve this.
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Campaigners call for steeper cuts to UK greenhouse gas emissions

The Guardian - Sat, 2024-10-26 15:00

Climate Change Committee advised Ed Miliband to cut level by 81% but activists want bigger promises

Climate campaigners have urged ministers to make steeper cuts in the UK’s greenhouse gas emissions after the government’s statutory adviser on the climate gave its verdict on new targets.

The Climate Change Committee, which advises the government, has written to Ed Miliband, the energy secretary, to advise cuts of 81% in the UK’s emissions, compared with 1990 levels, by 2035, if emissions from aviation and shipping are excluded.

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CFTC: Traders roll to V25 CCAs, reducing V24 exposure

Carbon Pulse - Sat, 2024-10-26 10:39
Traders continue to roll into V25 California Carbon Allowance (CCA) holdings, reducing V24 exposure over the last week, while producers increased RGGI Allowance (RGA) futures and options net length ahead of November compliance deadlines, according data released Friday from the US Commodity Futures Trading Commission (CFTC).
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US materials production results in $79 bln in climate costs to society -study

Carbon Pulse - Sat, 2024-10-26 07:42
Researchers at the University of California found that US manufacturing of major materials – including cement, steel, and asphalt – produced $79 billion in externalised climate costs, with the authors recommending carbon pricing measures to better address emissions in a paper published Friday.
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Study identifies industrial sectors best and least suited for CCS deployment

Carbon Pulse - Sat, 2024-10-26 07:25
A new study published Friday identifies the specific US industrial processes that carbon capture and storage (CCS) deployment is best suited for, and those that are better left for other decarbonisation tools.
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German cement plant receives €157 mln for CCUS upgrade

Carbon Pulse - Sat, 2024-10-26 05:13
A consortium of two Mexican and European companies have received a €157 million ($170 mln) grant from the EU Innovation Fund to finance a carbon capture utilisation and storage (CCUS) project at a German cement plant, the companies announced Tuesday.
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NGOs, private sector must abandon orthodoxy to scale nature-based CDR -panellists

Carbon Pulse - Sat, 2024-10-26 04:16
Conservation non-profits, investors, and offtakers alike must step outside their traditional ideologies if nature-based carbon removals (CDR) are to scale, according to the architects of a major CDR deal speaking at COP16 in Cali, Colombia on Friday.
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Global wind turbine supply chain linked to illegal Amazon deforestation -investigation

Carbon Pulse - Sat, 2024-10-26 04:11
A global increased push for wind energy has led to a rise in the illegal logging of balsa wood in Ecuador and Peru, resulting in deforestation and violation of Indigenous rights, according to a report published Wednesday by a London-based investigative non-profit.
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Backlog of projects in Verra pipeline raises concern after standard body cuts staff

Carbon Pulse - Sat, 2024-10-26 03:35
Falling credit issuance and a bulging backlog of projects in the pipeline for processing and certification in the Verra registry has raised concerns about the standard body’s promise to speed up its service after releasing around a quarter of its staff, market participants told Carbon Pulse.
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UK’s 2025 auction schedule shows 19% volume reduction from 2024

Carbon Pulse - Sat, 2024-10-26 02:49
The main futures exchange that handles UK Allowances trade announced its auction programme for 2025 late on Friday, revealing a 19% drop in auction supply next year.
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INTERVIEW: Startup pitches chromium replacement carbon solution for steel industry with potential to earn offsets

Carbon Pulse - Sat, 2024-10-26 02:22
A California-based startup is offering the steel industry a new product that it claims can replace a common, but toxic, coating material while cutting manufacturing emissions.
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Canadian financier receives over 1 mln Article 6 credits from Rwandan cookstove project

Carbon Pulse - Sat, 2024-10-26 01:55
A Toronto-headquartered carbon project financier announced Friday that it has received a second tranche of more than 1 million Article 6 authorised credits from its Rwandan cookstove project.
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BRIEFING: Experts advocate for open carbon removal frameworks, too soon to call winners

Carbon Pulse - Sat, 2024-10-26 01:48
The overarching frameworks for carbon removals should be as inclusive as possible, even if governments choose to prioritise methods suited to their national circumstances, while different funding streams are needed to match different technology readiness levels (TRL), said experts on a webinar Thursday.
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BRIEFING: How to derisk the European CCUS value chain

Carbon Pulse - Sat, 2024-10-26 01:40
The Net Zero Industry Act (NZIA) and EU ETS combo could unlock European CCUS projects -- if public authorities step up to help derisk the value chain, for example through government guarantees.
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