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EUAs were firmer at midday on Monday after a stronger than usual auction outcome appeared to trigger a wave of buying that moved the market €2.00 higher.

The United Arab Emirates’ new 2035 Paris Agreement pledge sets an emissions reduction target aligned with a 1.5C temperature limit, but its overall commitments are not compatible because of a weak 2030 goal, according to analysis published Monday.

Companies are lagging behind in aligning biodiversity-related disclosures with the EU's Corporate Sustainability Reporting Directive (CSRD), and are failing to disclose metrics, an assessment has found.

The International Energy Agency (IEA) is purchasing clean cooking carbon credits, a representative confirmed Monday at the COP29 climate summit, while a senior member at Verra said the voluntary standard remained in a wait-and-see stance for a new UN-backed methodology for the sector.

The International Union for the Conservation of Nature (IUCN) has teamed up with the Odisea expedition to explore and protect biodiversity in the Western Indian Ocean, the organisation announced on Monday during the ongoing UN climate talks in Baku, Azerbaijan.

Scientists say goal to keep world’s temperature rise below 1.5C is not going to happen despite talks at Cop29 in Baku

The internationally agreed goal to keep the world’s temperature rise below 1.5C is now “deader than a doornail”, with 2024 almost certain to be the first individual year above this threshold, climate scientists have gloomily concluded – even as world leaders gather for climate talks on how to remain within this boundary.

Three of the five leading research groups monitoring global temperatures consider 2024 on track to be at least 1.5C (2.7F) hotter than pre-industrial times, underlining it as the warmest year on record, beating a mark set just last year. The past 10 consecutive years have already been the hottest 10 years ever recorded.

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One of Japan's largest trading houses has teamed up with a domestic energy company to develop the use of AI tools in evaluating carbon credit quality, they announced Monday.

The first signs of big business taking landscape-level approaches to ecosystems are stirring, with billion-dollar companies enquiring daily this summer, offering more promise for nature markets than biodiversity credits, according to a consultancy executive.

New research shows melting ice is causing the Atlantic Meridional Overturning Circulation (AMOC) to slow down, with widespread consequences for the world’s climate and ecosystems. Laurie Menviel, Post-doctoral Research Fellow, Climate Change Research Centre, UNSW Sydney Gabriel Pontes, Post-doctoral Research Fellow, Climate Change Research Centre, UNSW Sydney Licensed as Creative Commons – attribution, no derivatives.

Several Latin American countries have made carbon pricing announcements at and around the COP29 UN climate conference in Baku, but subnational Brazilian deals involving nature-based solutions (NBS) – and the Senate’s long-awaited ETS passage – continue to dominate headlines.

Growth in China’s thermal power generation slowed in October with a sustained high level of coal output, with analysts remaining optimistic about the country's emissions reduction trajectory given the current pace of renewables expansion.

Spot market Australian Carbon Credit Unit (ACCU) prices surged on Monday, as the Clean Energy Regulator issued some 800,000 units.

António Guterres says succesful outcome at Cop29 is still ‘within reach’ but only with ‘leadership’ from world’s most powerful countries

• Climate crisis to blame for dozens of ‘impossible’ heatwaves, studies reveal

Looks as if Trump WILL keep his promise to Drill baby, drill. On Saturday he appointed Chris Wright, an oil and gas industry executive and a staunch defender of fossil fuel use, to lead the US Department of Energy.

Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver, Colorado. He is expected to support Trump’s plan to maximize production of oil and gas and to seek ways to boost generation of electricity, demand for which is rising for the first time in decades.

We call on you to agree to:

An NCQG that ensures that we can keep below the 1.5°C survival limit of the Paris Agreement.

An NCQG based on the needs and priorities of developing countries and with public funds provided by developed countries exclusively for all developing countries, one that does not deviate from Article 9 of the Paris Agreement.

An NCQG that delivers at least USD 1.3 trillion a year for mitigation, adaptation and Loss and Damage provided as grants and highly concessional finance.

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The decision Friday from the Integrity Council for the Voluntary Carbon Market (ICVCM) to approve three REDD+ methodologies has been welcomed by multiple market participants, but with a note of caution that the move is not without risk, especially as the crediting programmes have not yet been tried and tested.

Small- and medium-sized businesses (SMEs) could unlock a $789 billion green finance opportunity if barriers in reporting, data accessibility, and implementation costs are addressed, according to a new report revealed at COP29 on Monday.

Loved by tourists, elephants are, however, often loathed by farmers. Elephant conservation has been a been a success in Tsavo in Kenya, with their number increasing by about 6,000 in the mid-1990s to almost 15,000 in 2021. The human population has also grown, encroaching on grazing and migration routes for the herds, with resulting clashes becoming the No 1 cause of elephant deaths. But a long-running project by the charity Save the Elephants offered an unlikely solution: deterring some of nature’s biggest animals with some of its smallest: African honeybees

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It is Day 8 at COP29 in Baku - Youth Day. At the midway stage, negotiations are going well on Article 6, but poorly elsewhere. Parties clashed on the Mitigation Work Programme (MWP) over the weekend, which appears set to be punted to next year's summit, and talks on finance are said to be dire. Can things turn around this week, and will countries finally get carbon markets talks over the line? In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

Neoen sends 200 MW Narrogin wind farm into WA EPA process.

The post Neoen wants to build first wind project in state where it is building country’s biggest battery appeared first on RenewEconomy.

City of Port Adelaide Enfield’s mayor says she hadn’t received correspondence about storage or disposal before or after bill passed federal parliament

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Plans to dispose of low-level nuclear waste from Aukus submarines at an Adelaide naval facility have been unanimously opposed by the local council for the area, who say they weren’t consulted.

The Osborne naval shipyard, 25km north of Adelaide CBD, and HMAS Stirling at Garden Island 50km south of Perth in Western Australia, have both been designated as “radioactive waste management facilities” for nuclear waste from Aukus submarines under the Australian naval nuclear power safety bill, which passed parliament in October.

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First uttered in 1954 in reference to the potential of nuclear, the phrase "too cheap to meter" became a bit of a joke. Now, with solar at 1.3 cents/kWh, could it have a new life?

The post Will solar succeed where nuclear failed and become “too cheap to meter”? appeared first on RenewEconomy.