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COP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups
Countries could use nature to ‘cheat’ on net zero targets, scientists warn
By relying on natural carbon sinks such as forests and peatlands to offset emissions, governments can appear closer to goals than they actually are
Relying on natural carbon sinks such as forests and oceans to offset continued fossil fuel emissions will not stop global heating, the scientists who developed net zero have warned.
Each year, the planet’s oceans, forests, soils and other natural carbon sinks absorb about half of all human emissions, forming part of government plans to limit global heating to below 2C under the Paris agreement.
Continue reading...Denmark approves world’s first tax on agricultural sector emissions
FEATURE: Vertical farms in UK, Saudi Arabia grow trees fast, aiming to generate carbon credits
COP29: EU under fire as climate finance talks continue to struggle
COP29: Trade issues complicate talks as countries call for EU CBAM to be simplified
Cop29: US Democrats put on brave face as Republicans talk up cheap energy
US climate envoy says Trump won’t derail progress as GOP argues for increasing oil and gas production at UN talks
Throughout the UN climate talks in Baku, Azerbaijan, in recent days, US officials have maintained a studiously sunny disposition, saying that the Republican president-elect, Donald Trump, will not derail climate progress.
The US climate envoy, John Podesta, said the fight “for a cleaner, safer” planet will not stop under a re-elected Trump even if some progress is reversed. The energy secretary, Jennifer Granholm, said: “The absence of leadership in the White House does not mean that this energy transition is stopped.” And Joe Biden’s climate and energy assistant, Jacob Levine, told reporters that the president’s climate policies had sparked an unstoppable clean energy “revolution”.
Continue reading...A kookaburra: ‘They think they are waking the world’
A kingfisher with a long, dagger-shaped beak. Soft white feathers on its belly, iridescent blue opal spots on its wings
I walked out of my kitchen on an overcast morning last week, feeling depressed, trying to think my way around the US election result somehow towards acceptance – or a totally different reality.
I walked to the garden, carrying a load of laundry. And perched on the top edge of a chair was a fat, fluffy laughing kookaburra. It looked at me, I looked at it. A large kingfisher with a long, dagger-shaped beak. The corners of its beak turn upwards so that it looks as though it is smiling slightly. Soft white feathers on its belly, iridescent blue opal spots on its brown wings.
Continue reading...US launches $10 bln global forest coalition, other Amazon funding initiatives
COP29: Developing countries need much more grant-based finance than previously estimated, study claims
Sovereign specialists launch principles to boost nature, climate financing
Yorkshire town may bring first ‘forever chemicals’ legal case in UK
Residents claim contamination from Angus Fire factory has left them trapped and unable to sell their homes
Residents in the UK town with the country’s highest identified concentration of “forever chemicals” have instructed lawyers to investigate the possibility of a first-of-its-kind legal claim against the firefighting foam manufacturer located in the centre of Bentham.
In May this year, an investigation by the Ends Report and the Guardian revealed that the rural North Yorkshire town is the most PFAS-polluted place known to exist in the UK. The town is home to the firefighting foam manufacturer Angus Fire.
Continue reading...Euro Markets: Midday Update
COP29: UAE 2035 NDC target falls short of 1.5C alignment -report
Improved biodiversity metrics needed to help companies align with CSRD, report says
COP29: IEA buying clean cooking carbon credits, Verra unsure on ambition level in UN methodology
COP29: IUCN partners with marine expedition to boost conservation in Western Indian Ocean
World’s 1.5C climate target ‘deader than a doornail’, experts say
Scientists say goal to keep world’s temperature rise below 1.5C is not going to happen despite talks at Cop29 in Baku
The internationally agreed goal to keep the world’s temperature rise below 1.5C is now “deader than a doornail”, with 2024 almost certain to be the first individual year above this threshold, climate scientists have gloomily concluded – even as world leaders gather for climate talks on how to remain within this boundary.
Three of the five leading research groups monitoring global temperatures consider 2024 on track to be at least 1.5C (2.7F) hotter than pre-industrial times, underlining it as the warmest year on record, beating a mark set just last year. The past 10 consecutive years have already been the hottest 10 years ever recorded.
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