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California’s environmental justice advisory body recommends scrapping ETS free allowances, offsets

Carbon Pulse - Fri, 2024-11-15 12:45
California regulator ARB’s Environmental Justice Advisory Committee (EJAC) on Thursday approved a set of recommendations for cap-and-trade programme revisions, which included calls to eliminate free allowances and offsets.
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Carbon credit financier notches small profit in Q3 despite project write-down

Carbon Pulse - Fri, 2024-11-15 11:42
A Toronto-based carbon credit financier eked out a small net profit in Q3 2024 despite further writing down the value of one of its projects.
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WCI Markets: CCA sentiment sours ahead of Q4 auction

Carbon Pulse - Fri, 2024-11-15 11:30
California Carbon Allowances (CCA) futures sold off sharply through the week ahead of the last quarterly allowance sale – with traders concerned over the lack of movement on the regulatory front from ARB – diverting attention away from the increase in Washington Carbon Allowance (WCA) prices.
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Vast majority of carbon offset projects fail to deliver real emissions cuts, study finds

Carbon Pulse - Fri, 2024-11-15 11:28
Fewer than one in six carbon credits issued through global mitigation projects represent genuine reductions in greenhouse gas emissions, according to a new study.
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Developing nations are least responsible for climate change but cop it worst. Will the COP29 climate talks tackle this injustice?

The Conversation - Fri, 2024-11-15 11:09
This week, nations are hashing out new goals for climate finance at the COP29 talks. Loss and damage is finally on the agenda – but the chance of major new funding is low Imraan Valodia, Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand Julia Taylor, Researcher in Climate and Inequality, University of the Witwatersrand Katrina Lehmann-Grube, Associate Researcher in Climate Change and Inequality, University of the Witwatersrand Licensed as Creative Commons – attribution, no derivatives.
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UN climate talks 'no longer fit for purpose' say key experts

BBC - Fri, 2024-11-15 10:11
Call for change comes after host country Azerbaijan's president calls oil and gas a 'gift of God'
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ICVCM approves three REDD carbon crediting methodologies for CCP status

Carbon Pulse - Fri, 2024-11-15 10:01
The Integrity Council for the Voluntary Carbon Market (ICVCM) board has approved three REDD methodologies, which have yet to issue any credits, for the Core Carbon Principles (CCPs) label, it announced Friday, paving the way for millions of units to be issued with the high-integrity stamp.
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COP29: UK looks to quickly bolster Article 6 trade with new principles for carbon trading

Carbon Pulse - Fri, 2024-11-15 10:01
The UK is setting out six new principles for trading voluntary carbon and nature credits, building on the initiatives by the Integrity Council for the Voluntary Carbon Market (ICVCM) and seeking to quickly bolster international trade under Article 6 of the Paris Agreement.
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Cop summits ‘no longer fit for purpose’, say leading climate policy experts

The Guardian - Fri, 2024-11-15 10:01

Future UN conferences should only be held in countries that show support for climate action, urge influential group

Future UN climate summits should be held only in countries that can show clear support for climate action and have stricter rules on fossil fuel lobbying, according to a group of influential climate policy experts.

The group includes former UN secretary-general Ban Ki-moon, the former president of Ireland Mary Robinson, the former UN climate chief Christiana Figueres and the prominent climate scientist Johan Rockström.

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Over 1,700 coal, oil and gas lobbyists granted access to Cop29, says report

The Guardian - Fri, 2024-11-15 10:01

Fossil fuel-linked lobbyists outnumber delegations of almost every country at climate talks in Baku, analysis finds

At least 1,773 coal, oil, and gas lobbyists have been granted access to the United Nations climate talks in Baku, Azerbaijan, a new report has found, raising concerns about the planet-heating industry’s influence on the negotiations.

Those lobbyists outnumber the delegations of almost every country at the conference, the analysis from the Kick Big Polluters Out (KBPO) coalition shows, with the only exceptions being this year’s host country, Azerbaijan, next year’s host Brazil, and Turkey.

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COP29: UK pledges nearly £80 mln for clean energy, innovation in developing countries

Carbon Pulse - Fri, 2024-11-15 10:01
The UK is pledging nearly £80 million of funding to help developing countries roll out clean energy and shift away from fossil fuels, with a package of support that it said will position the country as a clean tech innovation leader.
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US DOE allocates $20.2 mln to advance algae development for low carbon fuels, bioproducts

Carbon Pulse - Fri, 2024-11-15 09:45
The US Department of Energy (DOE) on Thursday announced $20.2 million in funding to support research and development efforts to convert algae into low carbon fuels and bioproducts.
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US-based CDR company receives $32 mln in Series A funding

Carbon Pulse - Fri, 2024-11-15 08:44
A Texas-based CO2 removal (CDR) company announced on Thursday that it raised $32.3 million in Series A funding after a full year of operation.
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Alberta uses C$40 mln from carbon market to attract low emissions innovations

Carbon Pulse - Fri, 2024-11-15 08:25
The Canadian province of Alberta announced on Wednesday a C$40 million ($28.5 mln) investment that seeks to advance early- and late-stage low emissions products expected to increase the competitiveness of manufacturing and resource sectors in the region.
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