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Bomb attack on Ulez camera ‘grotesquely irresponsible’, says London mayor

The Guardian - Sat, 2023-12-09 03:55

Blast in Sidcup not being treated as terrorism but counter-terror officers are leading investigation

The London mayor’s office has condemned a “grotesquely irresponsible” attack in which a camera enforcing the city’s ultra-low emission zone (Ulez) was damaged with what appeared to be a homemade bomb, saying lives were put at risk.

There was no immediate reaction on the incident from Downing Street or the Home Office, with No 10 saying it could not comment amid a police inquiry, but that it condemned “criminality more generally”.

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Statkraft signs long-term offtake deal for cookstove carbon credits, plans to buy removals

Carbon Pulse - Sat, 2023-12-09 03:03
Norway-based utility Stakraft has signed a long term offtake agreement for African cookstove emissions reduction carbon credits, although the company's focus is set to switch to removals over time, the company revealed to Carbon Pulse.
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France adds two more carbon methodologies to its certification system

Carbon Pulse - Sat, 2023-12-09 02:26
Two more carbon-counting methodologies have been added to the French government’s carbon credit certification programme, the ministry of ecological transition said this week.
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COP28: Carbon crediting start-up partners with Nigerian NGO for smallholder regenerative farming work

Carbon Pulse - Sat, 2023-12-09 02:16
A US-based carbon crediting start-up for smallhold farmers has partnered with a Nigerian non-profit, as it looks to scale its operations in the new year, its co-founder told a side event at COP28 in Dubai Friday.
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COP28: World Bank president calls for more concessional finance as debt embitters climate negotiations

Carbon Pulse - Sat, 2023-12-09 01:47
The next replenishment of the World Bank's International Development Association, its concessional financing arm for the poorest countries, needs to be the "largest of all time", according to World Bank President Ajay Banga speaking Thursday in Zanzibar as part of the IDA20 Midterm Review.
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COP28: Conventional energy sector needs more support to transition, says Canadian provincial deputy minister

Carbon Pulse - Sat, 2023-12-09 01:34
Canada’s patchwork system of carbon pricing, particularly relative to US incentives, threaten the competitiveness of Canadian trade-exposed sectors, say representatives of the nation’s oil and gas economies.
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EU agrees deal to cut emissions from homes and buildings

The Guardian - Sat, 2023-12-09 01:19

New buildings must be zero-emission and have solar panels by 2030, and fossil fuel boilers to be banned by 2040

New buildings in the EU must have no emissions from fossil fuels by 2030, and boilers that use those sources will be banned by 2040 under a new deal on energy and homes.

The rules, agreed between MEPs and member states but not yet formally adopted, set targets to make buildings waste less energy. Subsidies for standalone oil and gas boilers will stop by 2025.

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Update – RGGI Q4 auction clears at new all-time high

Carbon Pulse - Sat, 2023-12-09 01:17
The Q4 RGGI cap-and-trade auction cleared well above its previous all-time record settlement and in line with broad market expectations, slightly below secondary market values with an uptick in compliance participation, according to results published Friday.
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Chris Bowen backs ‘a big step forward’ on phasing out fossil fuels at Cop28

The Guardian - Sat, 2023-12-09 01:07

Australia’s climate minister flags difficulties around any final wording but hails ‘important symbol’ as talks intensify in Dubai

Chris Bowen has indicated Australia may be willing to back a global commitment at the Cop28 climate summit to phase out fossil fuels.

The Australian climate change minister has also flagged that position may be unlikely to be adopted at the meeting in the United Arab Emirates unless it was attached to the word “unabated” – a controversial and undefined term usually taken to mean fossil fuels can continue if they are cutting their pollution through the use of carbon capture and storage (CCS).

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COP28: Swedish energy agency first partner to new ADB climate fund

Carbon Pulse - Sat, 2023-12-09 00:50
The Asian Development Bank’s carbon crediting fund that goes live next year signed its first partner on Friday at Day 8 of the COP28 summit.
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Local market sees China’s first trade in soil, water conservation carbon credits, feds take notice

Carbon Pulse - Sat, 2023-12-09 00:14
A county-level government in China’s Fujian province has sold a batch of the nation’s first-ever soil and water conservation carbon credits with other public agencies queueing to follow, as national regulators eye inclusion of the credit type in the national offset market.
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‘This may be our last chance’: Cop28 talks enter final phase

The Guardian - Fri, 2023-12-08 23:26

‘We cannot negotiate with nature’ says Denmark’s climate minister as talks to phase out fossil fuels hang in balance

The next few days could be the world’s last chance of keeping global heating within safe limits, nations meeting for the Cop28 UN climate summit have been told.

With talks in Dubai now entering their final phase, the world’s governments are still far apart on the central question of whether to phase out fossil fuels.

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COP28: Global Stocktake talks must address nature, WWF says

Carbon Pulse - Fri, 2023-12-08 23:13
Nature is not sufficiently addressed in the draft text of COP28’s Global Stocktake, with countries needing to better integrate their national biodiversity and climate plans, WWF has said.
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Euro Markets: Midday Update

Carbon Pulse - Fri, 2023-12-08 22:57
European carbon prices slid back below a key level on Friday after an early rally had pushed the market to its highest in three days, maintaining a close correlation with energy prices that snapped a two-day rising streak amid continued mild weather.
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Iberian €100-mln forest carbon fund to start selling voluntary credits soon

Carbon Pulse - Fri, 2023-12-08 22:57
A €100-million fund will soon start selling voluntary credits generated from its Iberian forest carbon investments.
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At least 475 carbon-capture lobbyists attending Cop28

The Guardian - Fri, 2023-12-08 22:33

Exclusive: Figures reveal growing push by fossil fuel sector for technologies that scientists say will not stop global heating

Cop28 organisers granted attendance to at least 475 lobbyists working on carbon capture and storage (CCS), unproven technologies that climate scientists say will not curtail global heating, the Guardian can reveal.

The figure was calculated by the Centre for Environmental Law (Ciel) and shared exclusively with the Guardian, and is the first attempt to monitor the growing influence of the CCS subset of the fossil fuel industry within the UN climate talks.

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EU institutions clinch provisional deal on new rules to boost energy performance of buildings

Carbon Pulse - Fri, 2023-12-08 22:25
EU institutions agreed on new rules to boost energy performance of buildings across the bloc late on Thursday evening after months of negotiations, though NGOs criticised co-legislators for significantly weakening the European Parliament's original stance.
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COP28: First Zambian green bond will benefit biodiversity, BIOFIN says

Carbon Pulse - Fri, 2023-12-08 22:23
A Zambian energy company will issue a $54 million tranche of a green bond programme, the first from a firm in the country, by the end of the year with indirect benefits for forests.
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COP28: Singapore signs first Article 6 implementation agreement with PNG

Carbon Pulse - Fri, 2023-12-08 22:18
Singapore has signed an implementation agreement on Article 6 carbon credits with Papua New Guinea, its first of the kind, although environmental groups have called for projects in PNG to be barred from proceeding due to what they argue is poorly crafted domestic carbon market legislation.
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CN Markets: CEA price drops to three-month low amid shrinking compliance demand

Carbon Pulse - Fri, 2023-12-08 21:11
The spot price in China’s carbon market over the past week dropped to the lowest level since mid-September amid relatively low trading volume, while liquidity in the national offset market remained stable.
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