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COP28: India’s green credit program “empty shell” without private sector investment, markets expert cautions

Carbon Pulse - Sun, 2023-12-03 22:34
India’s green credit scheme may fail to deliver on its intended purpose unless the federal government strongly pushes the private sector into the units, a climate veteran told Carbon Pulse on the sidelines of COP28 in Dubai.
Categories: Around The Web

COP28: Voluntary carbon coalition to spin out forestry standard in early 2024, launch first REDD+ credits by 2025

Carbon Pulse - Sun, 2023-12-03 21:27
Brazil and the Democratic Republic of Congo (DRC) are likely to host pilot projects generating REDD+ credits under a new standard, established by three voluntary forest carbon stakeholders, as early as 2024, as ministers and Indigenous Peoples from the two countries pledged their support at COP28 on Sunday.
Categories: Around The Web

A knife-edge quest: Lord of the Rings resonates at Cop28 climate summit | Larry Elliott

The Guardian - Sun, 2023-12-03 20:55

Tolkien’s hostility to rampant industrialisation should chime with nations represented in Dubai

Back in the 1960s, no self-respecting hippy would be seen dead without a well-thumbed copy of the Lord of the Rings. Along with a copy of Sgt Pepper and the Tibetan Book of the Dead, it came to epitomise the counterculture.

Times change. Tolkien’s most prominent fan at present is Giorgia Meloni, the most rightwing prime minister Italy has had since the second world war. That has set alarm bells clanging.

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COP28: US Energy Transition Accelerator to launch April, mobilise $200 bln in carbon credit finance by 2035

Carbon Pulse - Sun, 2023-12-03 20:39
The Energy Transition Accelerator (ETA), a coalition of carbon credit buyers and sellers, will launch next year to provide revenue to support developing countries on their road to a clean energy transition, as an accompanying core framework and initial pilot countries were also announced at COP28 Sunday.
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Cop28 president says there is ‘no science’ behind demands for phase-out of fossil fuels

The Guardian - Sun, 2023-12-03 20:33

Exclusive: UAE’s Sultan Al Jaber says phase-out of coal, oil and gas would take world ‘back into caves’

The president of Cop28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C, the Guardian and the Centre for Climate Reporting can reveal.

Al Jaber also said a phase-out of fossil fuels would not allow sustainable development “unless you want to take the world back into caves”.

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COP28: Norway, Morocco sign Article 6 MoU

Carbon Pulse - Sun, 2023-12-03 19:49
Norway and Morocco have signed a Memorandum of Understanding (MoU) to cooperate on Article 6 of the Paris Agreement, they announced on Saturday at the UN climate conference COP28 in Dubai, making it the third such agreement Norway has signed in the past few weeks.
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COP28: Singapore investment firm defends voluntary carbon in whitepaper

Carbon Pulse - Sun, 2023-12-03 19:07
A climate investment platform launched a whitepaper at COP28 to address what it has described as "common misconceptions" around the voluntary carbon market (VCM), proposing steps to help it scale and address the "headwinds" it currently faces.
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Cop28 live: health in focus at Dubai climate talks

The Guardian - Sun, 2023-12-03 18:49

The world leaders’ summit is over, and the negotiators take centre stage. Sunday’s official themes are health, relief, recovery and peace

The British prime minister, Rishi Sunak, has been facing criticism at home for the brevity of his visit to the climate conference, having visited for less than a day. He has also been accused of hypocrisy for pushing for a phase-out of fossil fuels only weeks after approving new oil and gas licences in the North Sea.

Al Gore, the former US vice-president, said: “I am not impressed with prime minister Sunak’s climate policies. I think they’re terrible. They’re very disappointing.”

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COP28: Rwanda launches carbon market framework, announces two international trade agreements

Carbon Pulse - Sun, 2023-12-03 17:21
Rwanda has launched a 56-page carbon market framework at COP28, which focuses on establishing readiness for crediting and international trade under Article 6 of the Paris Agreement, also announcing two bilateral agreements with Asian countries.
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COP28: Roundup for Day 4 – Dec. 3

Carbon Pulse - Sun, 2023-12-03 17:13
It's Day 4 of COP28 and the focus begins to move away from world leaders, after a busy few days filled with international pledges, towards the nitty gritty of negotiations in Dubai. The devil, as they say, will be in the details in terms of progress on the global stocktake, as well as on carbon markets. Oh, and today is the first ever Health Day at a UNFCCC COP.  In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Categories: Around The Web

COP28: Singapore adds Rwanda to list of Article 6 carbon trading partners

Carbon Pulse - Sun, 2023-12-03 16:44
Singapore has signed a Memorandum of Understanding (MoU) with Rwanda at COP28 in Dubai, as the Southeast Asian country continues seeking international partnerships leveraging the Article 6.2 bilateral approaches of the Paris Agreement.
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Are extreme temperatures threatening live music events?

BBC - Sun, 2023-12-03 16:43
The death of a fan at a Taylor Swift concert in Rio during throws up challenges for tour promoters.
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COP28: European donors announce cash for Blue Mediterranean Partnership

Carbon Pulse - Sun, 2023-12-03 15:58
Partners and backers of the Blue Mediterranean Partnership on Saturday announced €9.5 million in new funding for the initiative, with additional funding expected to materialise over the next few months as efforts are geared up to support the marine biodiversity hotspot.
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COP28: Initiative launches in bid to bring Indigenous knowledge to the heart of global biodiversity planning

Carbon Pulse - Sun, 2023-12-03 15:50
A new initiative has launched on sidelines of COP28 in Dubai that will seek to combine Indigenous knowledge and mapping technology to help governments in their efforts to protect 30% of their terrestrial and marine areas by 2030.
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COP28: Philanthropic funding needed to build capacity for high-integrity carbon markets, says report

Carbon Pulse - Sun, 2023-12-03 15:00
Philanthropic funding will be needed to address capacity gaps in low- and middle-income countries and facilitate high-integrity carbon markets, according to a report released Sunday.
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COP28: Dominica signs MoU with UAE-based carbon credit project developer

Carbon Pulse - Sun, 2023-12-03 11:28
The Caribbean island of Dominica has signed a Memorandum of Understanding (MoU) with UAE-based carbon credit project developer and buyer Blue Carbon at COP28 in Dubai, focusing on mitigation and carbon removal initiatives across several sectors.
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W.A. to spend $220 million to keep failed coal mine on line till 2026

RenewEconomy - Sun, 2023-12-03 11:23

W.A. government to spend $220 million to ensure failed coal mine stays open long enough to build replacement wind, solar and battery storage capacity.

The post W.A. to spend $220 million to keep failed coal mine on line till 2026 appeared first on RenewEconomy.

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Australia signs up to COP pledge to triple renewables by 2030, double efficiency

RenewEconomy - Sun, 2023-12-03 10:55

Australia and 117 other countries sign pledge at COP28 to triple renewables by 2030 and double energy efficiency.

The post Australia signs up to COP pledge to triple renewables by 2030, double efficiency appeared first on RenewEconomy.

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Looming gas supply shortfall could be eradicated by electrification and energy efficiency

RenewEconomy - Sun, 2023-12-03 10:35

New report finds residential gas use could decrease to zero by 2042, and industrial gas use by 63%.

The post Looming gas supply shortfall could be eradicated by electrification and energy efficiency appeared first on RenewEconomy.

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How scientists are fighting climate-fuelled disease

BBC - Sun, 2023-12-03 10:12
As leaders gather in Dubai for the UN climate summit, experts say global warming is having a ‘profound effect' on health.
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