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Cop27: first draft of key text published as fears raised of lack of ambition – live
The first version of the document has come out, but it may change significantly in coming days
As global politicians face difficult discussions on the draft over the coming hours, public opinion appears to be supportive of the idea that richer countries should pay loss and damage finances for climate action in poor countries.
Damian Carrington, our environment editor writes: A significant majority of people in the UK think the country has a responsibility to pay for climate action in poorer and vulnerable countries, an opinion poll conducted for the Guardian shows.
No details of a fund on loss and damage financing for poorer countries
“Welcomes” the fact that parties agreed for the first time to include “matters related to funding arrangements responding to loss and damage” on the summit agenda.
No call for a phase down on all fossil fuels
Stresses the importance of exerting all efforts to meet Paris Agreement goal of holding global average temperature to well below 2C and pursuing efforts to limit the temperature increase to 1.5 C
Kicking our growth addiction is the way out of the climate crisis. This is how to do it | Larry Elliott
With the right global economic policies, we could fight poverty and global heating at the same time
For the best part of three centuries, there has been a consensus about the goal of economic policy. Since the dawn of the industrial age in the 18th century, the aim has been to achieve as rapid growth as possible.
It’s not hard to see why there has been this focus. Growth has raised living standards, increased life expectancy, improved medical care and resulted in better educated, better fed populations.
Continue reading...China’s Liaoning rolls out small-scale offset scheme
COP27: UAE’s green energy investor signs green hydrogen deal with Egypt as climate talks host seeks key supplier role
Draft Cop27 agreement fails to call for ‘phase-down’ of all fossil fuels
Document will provide basis for negotiations over coming days and is likely to be significantly reworked
The UN climate agency has published a first draft on Thursday of what could be the overarching agreement from the Cop27 climate summit in Egypt However, much of the text is likely to be reworked in the coming days.
The reaction from some NGOs has been swift and frustrated, with one Greenpeace representative saying it paved the way for “climate hell”.
Reuters contributed to this report
Continue reading...‘Vast’ mass of microbes being released by melting glaciers
Bacteria can fertilise ecosystems but need to be studied closely to identify potential pathogens, scientists say
Hundreds of thousands of tonnes of bacteria are being released by melting glaciers, a study has shown.
The microbes being washed downstream could fertilise ecosystems, the researchers said, but needed to be much better studied to identify any potential pathogens.
Continue reading...COP27: South Korea to deepen Article 6 ties with Mongolia, seeks CBAM reassurances from the EU
Mosquito population explosion plagues flood-ravaged NSW – video
A video shot by farmer and wool classer Nicole Fragar shows persistent heavy rain and flooding in NSW has led to an explosion in the mosquito population. 'This video was taken after four nights of decent rainfall. The mosquitos came out with a vengeance,' Frager says
Continue reading...Majority of Britons say UK should pay for climate action in poor countries
Exclusive: Funding from rich countries is critical issue at Cop27 and poll shows many think UK has duty to provide it
A significant majority of people in the UK think the country has a responsibility to pay for climate action in poorer and vulnerable countries, an opinion poll shows.
The issue of rich, polluting countries providing substantial funding to developing countries is central to the UN’s Cop27 climate summit in Egypt. Experts have warned that, without the flow of many billions of dollars to help cut emissions and cope with increasingly severe environmental impacts, there will not be the trust needed for the combined global action required to beat the crisis.
Continue reading...“Bridge to nowhere:” Why BlueScope Steel is a decarbonisation laggard in Australia
In the US, BlueScope continues to aggressively invest in becoming a leader in steel sector decarbonisation. In Australia, it offers little more than greenwash and spin.
The post “Bridge to nowhere:” Why BlueScope Steel is a decarbonisation laggard in Australia appeared first on RenewEconomy.
Western Australia sets new renewables record of 81% – in world’s biggest isolated grid
WA grid reaches record level of 81 per cent renewables, driven mostly by rooftop solar.
The post Western Australia sets new renewables record of 81% – in world’s biggest isolated grid appeared first on RenewEconomy.
'First digital nation': Tuvalu turns to metaverse as rising seas threaten existence – video
Tuvalu says it plans to build a digital version of itself, replicating islands and landmarks and preserving its history and culture, as rising sea levels threaten to submerge the tiny Pacific island nation. Seemingly speaking from within the digital replica of one Tuvalu island, the foreign minister Simon Kofe, said it was the only way to preserve their country 'piece by piece' so that they can remind their 'children and grandchildren what their home once was'.
Business goes for price over integrity in the Australian carbon market
New data shows that more than 90% of all voluntary cancellations of carbon offsets in the past year have been in the form of low-cost credits.
The post Business goes for price over integrity in the Australian carbon market appeared first on RenewEconomy.
AEMC doubles electricity price cap to accommodate volatile and costly fossil fuels
Australian Energy Market Commission rules in doubling of administered price cap to manage extreme market volatility caused by soaring coal and gas prices.
The post AEMC doubles electricity price cap to accommodate volatile and costly fossil fuels appeared first on RenewEconomy.
Australia told to end new fossil fuel subsidies if it wants Pacific support to host climate summit
Vanuatu’s climate change minister says Pacific support for Australian bid should be conditional
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Australia must stop subsidising new fossil fuel developments if it is to win a key Pacific nation’s support for its plan to co-host a major UN climate summit in 2026.
The Albanese government has launched a campaign at the Cop27 climate talks in Egypt to co-host the annual climate conference with Pacific neighbours in four years. The proposal could bring tens of thousands of people to an Australian city for climate negotiations and advocacy and has won support from the Pacific Islands Forum.
Continue reading...Flood peaks at Forbes but NSW town could remain divided for days as water slowly recedes
‘There’s not much we can do except wait’, say residents anxious to check on damage to homes and businesses
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Flood waters in the New South Wales town of Forbes appear to have peaked just below the record set in 1952 but residents are anxious about when the water will recede so they can start the clean-up.
The Lachlan River started rising on Monday and hit 10.68 metres on Wednesday afternoon – just below the 10.8 metre record – before dropping 1cm on Thursday morning.
Continue reading...After Mike Cannon-Brookes’ shake-up, AGL now faces the challenge of pivoting away from power stations | Tristan Edis
Boardrooms around Australia will be noting what shareholders can do if you don’t take climate change issues seriously
Mike Cannon-Brookes and his collaborators have succeeded in sending shock waves throughout the boardrooms of major companies around Australia. His campaign, via shareholder activism, has resulted in a mass clean-out of the board of directors of Australia’s largest greenhouse gas emitter, AGL Energy. Perhaps more importantly it has resulted in AGL management substantially accelerating their exit out of coal.
AGL’s decision to close Loy Yang A power station by 2035 probably helped precipitate the decision of the Victorian Labor party (facing an election on 26 November) to commit to seeing all coal power closed by 2035, and an expansion of renewable energy to 90% of the state’s power supply.
Continue reading...Once again, wealthy nations are letting down poor nations at the Egypt climate talks
Launceston looks at making green hydrogen on-site with solar farm on airport land
Launceston Airport considers proposal to build an on-site solar farm and install an electrolyser to producer green hydrogen.
The post Launceston looks at making green hydrogen on-site with solar farm on airport land appeared first on RenewEconomy.
CP Daily: Wednesday November 16, 2022
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