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NZ Market: NZU price rangebound with steady, ‘boring’ activity as stockpile expected to fall significantly longer term

Carbon Pulse - Wed, 2024-09-25 16:47
The NZU market has been drifting through calm waters with prices largely rangebound in line with market expectations, as it now looks to the supply shortfalls on the horizon. 
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Labour appoints Rachel Kyte to climate envoy role axed by Sunak

The Guardian - Wed, 2024-09-25 15:00

Appointee was a climate chief at the World Bank and will lead UK’s return to high-level environmental diplomacy

A former climate chief of the World Bank has been appointed to lead the UK’s efforts to forge a global coalition on climate action, the Guardian can reveal.

Rachel Kyte, who previously served as special representative for the UN and a vice-president of the World Bank, will take up the role of climate envoy to lead the UK’s return to the front ranks of global climate diplomacy.

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Surge in minke whales could be down to fewer basking sharks, Hebrides study says

The Guardian - Wed, 2024-09-25 15:00

When sighting rates for basking sharks are high they are low for minke whales, says monitoring programme

The highest ever recorded numbers of minke whales and the lowest number of basking sharks were observed in the Hebrides in 2023, according to a report.

The latest findings of the 20-year monitoring programme by the Hebridean Whale and Dolphin Trust suggest a possible association between these two highly mobile and long-lived species. When sighting rates for basking sharks are high, they are low for minke whales, and vice versa.

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Global dairy giant Fonterra cuts operational emissions by 18%, but Scope 3 remains stubbornly high  

Carbon Pulse - Wed, 2024-09-25 14:34
New Zealand-headquartered dairy co-op Fonterra cut operational emissions by 18.5% in FY2024, according to its annual report published Wednesday, but has made little little progress on its Scope 3 emissions.
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COP29 host Azerbaijan’s climate action ‘critically insufficient’ -report

Carbon Pulse - Wed, 2024-09-25 14:01
Climate action from Azerbaijan, the host of the UN's COP29 summit in November, has been rated "critically insufficient" by an independent analysis group, according to a report released on Sep. 24.
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Climate change supercharged Europe floods - scientists

BBC - Wed, 2024-09-25 13:06
A new study shows that the record-breaking rainfall was made more likely and intense by climate change.
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Europe’s deadly floods are glimpse of future climate

BBC - Wed, 2024-09-25 13:06
A new study shows that the record-breaking rainfall was made more likely and intense by climate change.
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German nature-based trading platform, Thai consultancy launch regional coalition to fight climate change, biodiversity loss

Carbon Pulse - Wed, 2024-09-25 13:00
A Berlin-headquartered environmental trading platform has partnered with a Bangkok-based consultancy to launch Southeast Asia Carbon Coalition (SEACC) for tackling climate change and biodiversity loss, the partners announced Wednesday.
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Global heating ‘doubled’ chance of extreme rain in Europe in September

The Guardian - Wed, 2024-09-25 13:00

Researchers find climate crisis aggravated the four days of heavy rainfall and deadly floods

Planet-heating pollution doubled the chance of the extreme levels of rain that hammered central Europe in September, a study has found.

Researchers found global heating aggravated the four days of heavy rainfall that led to deadly floods in countries from Austria to Romania.

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CWNYC24: BRIEFING – Forest carbon markets must prioritise biodiversity to be credible

Carbon Pulse - Wed, 2024-09-25 11:06
Biodiversity monitoring and protection has taken centre stage in talks around forest carbon credits at the Climate Week NYC, with standards, project developers, and policymakers pushing for more nature accounting within the market.
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Renewables rebound after slump but must speed up to hit Labor’s 2030 energy goals

The Guardian - Wed, 2024-09-25 11:04

Narrative that transition has stalled ‘demonstrably not true’, researcher says, but investment and construction must accelerate

Large-scale renewable energy investment and construction in Australia is rebounding this year after a slump, but will need to accelerate to reach the pace needed to meet the Albanese government’s goal for 2030.

The country could add more than 7 gigawatts of renewable energy capacity this year, up from 5.3 GW last year, according to data released by the Clean Energy Regulator.

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Spanish engineering, liquid logistics firms reach CCS service agreement

Carbon Pulse - Wed, 2024-09-25 09:44
Two Madrid-based companies announced an agreement Tuesday to provide carbon capture, transport, and storage services to large industrial customers.
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CWNYC24: UK fund backs VCM with public aid, “not actively looking” at Article 6 -executive

Carbon Pulse - Wed, 2024-09-25 09:36
The UK’s international development fund is backing voluntary carbon market (VCM) projects but does not seek to fund Paris Agreement Article 6 initiatives at this time, the group’s climate lead told Carbon Pulse on the sidelines of Climate Week NYC.
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Tech giant buys 8k CDR credits, its second purchase in a week

Carbon Pulse - Wed, 2024-09-25 09:32
A global tech giant has paid for the removal of 8,000 tonnes of CO2 over five years through a US-based company’s enhanced rock weathering (ERW) technology, according to an announcement on Tuesday.
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