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ARB’s latest two-week offset outlay offers under 10% of DEBs

Carbon Pulse - Thu, 2024-11-14 10:29
California regulator ARB’s latest issuance of compliance-eligible offsets was the smallest since the end of June with slim pickings of this distribution having direct environmental benefits (DEBs) to the state, agency data released Wednesday showed.
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COP29: Brazilian state signs J-REDD+ credits deal with environmental management firm

Carbon Pulse - Thu, 2024-11-14 10:08
A Brazilian state government has entered into an agreement with an environmental management firm to commercialise Jurisdictional REDD+ (J-REDD+) carbon credits while boosting sustainable investments and supporting local communities within the Amazon region.
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Oil company emissions progress is stalling, with methane pledges particularly troubling -report

Carbon Pulse - Thu, 2024-11-14 10:01
Oil and gas company progress on emissions has stalled for the second year in a row, while corporate strategies for meeting emissions targets are of “questionable credibility”, a report published Thursday has found.
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Plastic credits ‘false solution’ as UN talks edge closer, says UK non-profit

Carbon Pulse - Thu, 2024-11-14 10:01
A UK-headquartered biodiversity conservation organisation has urged countries not to back crediting mechanisms as a means to tackle the plastic crisis, labelling them as a "false solution" that is highly exposed to greenwashing.
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BRIEFING: Washington to plan future EITE allowances without WCI linkage considerations

Carbon Pulse - Thu, 2024-11-14 09:56
Washington's Department of Ecology (ECY) will prepare a number of recommendations for future cap-and-trade allowance distribution to 2050 for its emissions-intensive and trade-exposed (EITE) industries without WCI linkage considerations, staff told an advisory group on Wednesday.
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Australia urged to increase climate goal after UK announces ambitious 81% reduction target

The Guardian - Thu, 2024-11-14 09:30

One expert says climate targets can seem abstract but matter because they serve as an ‘investment signal’ to cashed up investors

The UK’s announcement of an 81% emissions cut below 1990 levels by 2035 shows the Australian government should set an ambitious climate target that will quickly drive investment and create clean industries, experts say.

The UK prime minister, Keir Starmer, was praised by campaigners and experts after confirming the pledge at the Cop29 UN climate summit in Azerbaijan, though they said it would need to be backed by clear plans. The UK is one of the first larger countries to announce a 2035 target before a UN deadline next February.

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Brazil’s Senate overcomes long-standing impasse, approves national ETS legislation

Carbon Pulse - Thu, 2024-11-14 09:25
Brazil's Senate voted Wednesday to approve landmark national ETS legislation, overcoming nearly a full year of negotiations to pass a cap-and-trade scheme set to be the largest in Latin America.
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SCOTUS halts attempt to revive youth climate case

Carbon Pulse - Thu, 2024-11-14 08:35
The Supreme Court of the US (SCOTUS) this week rejected an effort from youth activists to reopen a lawsuit against the federal government for its alleged failure to address climate change.
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US-based cleantech firm launches new carbon removal RFP with accelerated, streamlined review process

Carbon Pulse - Thu, 2024-11-14 07:12
A US-based provider of sustainable technology solutions on Wednesday launched a new request for proposals for CDR technologies, pledging a smoother and more expeditious experience for applicants.
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Brazilian oil refiner to produce SAF, RD using industrial hydrotreating technology

Carbon Pulse - Thu, 2024-11-14 06:40
An oil refinery based in Rio Grande, Brazil has signed an agreement with a Danish CO2 reduction tech firm to deploy the latter’s hydrotreating technology for the production of sustainable aviation fuel (SAF) and renewable diesel (RD).
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‘Catastrophic declines’: massive data haul reveals why so many plants and animals suffer after fire

The Conversation - Thu, 2024-11-14 05:25
Frequent fuel-reduction burning appears to prime ecosystems for major disruption when the next wildfire hits. Don Driscoll, Professor in Terrestrial Ecology, Deakin University Kristina J Macdonald, Postdoctoral research fellow, Charles Darwin University Licensed as Creative Commons – attribution, no derivatives.
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Canadian carbon project developer sells 10k offsets to RBC, Microsoft

Carbon Pulse - Thu, 2024-11-14 04:14
A Montreal-based carbon removal project developer announced on Wednesday the sale of 10,000 CO2 removal (CDR) credits to its first buyers.
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Barbados PM asks Donald Trump for face-to-face meeting on climate

The Guardian - Thu, 2024-11-14 04:00

Exclusive: Mia Mottley, who has championed climate action, says she would seek common ground with US president-elect

Mia Mottley, the climate-championing prime minister of Barbados, has invited Donald Trump to a face-to-face meeting where she would seek “common ground” and persuade him that climate action was in his own interests.

“Let us find a common purpose in saving the planet and saving livelihoods,” she told the Guardian at the UN’s Cop29 climate summit in Azerbaijan. “We are human beings and we have the capacity to meet face-to-face, in spite of our differences. We want humanity to survive. And the evidence [of the climate crisis] we are seeing almost weekly now.”

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South Africa looks to boost domestic carbon credit use

Carbon Pulse - Thu, 2024-11-14 03:52
South Africa is looking to introduce sweeping changes to boost phase two of its carbon tax scheme, mandating a much higher level of domestic carbon credit use for mitigation, as it seeks to align its climate policies with the Paris Agreement, a public consultation paper has revealed.
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COP29: Brazil second country to submit new NDC round, aims to cut emissions by two-thirds

Carbon Pulse - Thu, 2024-11-14 03:21
Brazil submitted its nationally determined contribution (NDC) plan that entails reducing emission by up to two-thirds to the UNFCCC at COP29 on Wednesday, but observers cautioned that the country needs to take steps to ensure its ambitions are met.
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Regen, Terrasos partner to develop blockchain platform for biodiversity credit market

Carbon Pulse - Thu, 2024-11-14 03:11
US-based environmental credit platform Regen Network Development and Colombia-based developer Terrasos have partnered to create a new blockchain-based system for enabling transparent sales of biodiversity credits.
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COP29: Carbon market infrastructure will need ‘step-up in maturity’ before Article 6 scales, BeZero founder says

Carbon Pulse - Thu, 2024-11-14 03:07
The carbon project rating agency BeZero Carbon underscored the need for a major overhaul of carbon market registry infrastructure before carbon trades under Article 6 should begin moving.
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Argentina withdraws negotiators from Cop29 summit

The Guardian - Thu, 2024-11-14 03:04

Move adds to concerns about the stability of the Paris agreement after the election in the US of Donald Trump

Argentinian negotiators representing the government of the climate science denier Javier Milei have been ordered to withdraw from the Cop29 summit after only three days, adding to concerns about the stability of the Paris agreement.

More than 80 representatives from the South American country are in Baku, Azerbaijan, for two weeks of negotiations about climate finance for the energy transition. Argentina’s far-right leader has previously called the climate crisis a “socialist lie”, and during his election campaign last year he threatened to withdraw from the Paris agreement, though he has since backed down.

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