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It’s Friday – Decarbonisation Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with related developments throughout the day. Timestamps in local time (EEST, GMT+2).

Outcome of climate summit is crucial to ensuring strong targets at Cop15 in December, warns biodiversity head

The outcome of Cop27 will be crucial not just in terms of tackling the climate crisis but to help ensure a future for nature, the UN’s head of biodiversity has said, outlining plans for “a Paris moment for biodiversity” at Cop15 in Montreal in December.

“Clearly the world is crying out for change, watching as governments seek to heal our relationships with nature, with the climate,” said Elizabeth Maruma Mrema, executive secretary of the convention on biological diversity (CBD), at a media briefing on Thursday. “Scientists have told us in no uncertain terms … that climate change and biodiversity loss are intrinsically connected and that’s why we are looking at the [Cop15] framework as, basically, a Paris moment for biodiversity.”

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Indonesia has updated its national REDD+ strategy and plans to submit it to the UNFCCC next week, a government official told a panel discussion at COP27, as a UN REDD Programme report pushes for greater investment in forest-rich nations.

EU negotiators have agreed a united position on an EU ETS price spike measure and market oversight provisions but failed to make much headway on major sticking points during trilogue negotiations this week, the European Parliament's lead negotiator Peter Liese said on Friday.

Timor-Leste will focus on ‘nature-positive growth and transition’ as one of four key climate policy commitments, and will seek international cooperation under Article 6 guidelines in developing local carbon markets, according to its NDC submitted to the UNFCCC this week.

Allowance prices in China’s national emissions trading scheme remained stable over the past week despite the update on the long-awaited allowance allocation plan, while the offset market saw a plunge in trading volume amid severely limited supply due to policy uncertainty.

The US president will hold a press conference, while the theme of the day is decarbonisation

A Dutch artist is spending 11 days of Cop27 turning a 3068-page report on the horrors that await humanity into confetti, in an effort to show how we refuse to take climate science seriously.

Johannes-Harm Hovinga’s blistering performance – titled ‘There’s an elephant in the room’ – has him sitting in a chair with a hole-puncher for 10 hours a day.

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Environmental group pauses actions to give government ‘time to consider their responsibilities’

The Just Stop Oil protests that have disrupted the M25 motorway around London over the past four days are to pause, organisers have said, to give the government time to reconsider issuing fresh licences for oil and gas extraction.

The demonstrators said they had chosen Remembrance Day to halt the action to call on Rishi Sunak “to honour all those who served and loved their country” by ensuring a “liveable future”.

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Leading scientists and businesses have said that cuts to the government's research risks "stalling" efforts to make the UK a science superpower.

Singapore has set up a S$15 million ($10.9 mln) project to support the establishment and monitoring of high-quality nature-based carbon projects across Southeast Asia, it announced.

The best of this week’s wildlife pictures, including a Komodo dragon, an injured echidna and a sea slug in coral

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EU legislators early on Friday struck a provisional deal to deepen cuts in land use (LULUCF) emissions in line the the bloc's overall 2030 climate target, enabling ministers to head to COP27 UN climate talks next week with three major elements of their flagship Fit for 55 climate package in place. 

Companies and financial backers are laying the groundwork for a shift in attitudes towards gas

Gas producers and their financial backers see Cop27 as an opportunity for discussions about rebranding natural gas as a transition fuel rather than a fossil fuel, experts have said.

The push is coming from the host Egypt and its gas-producing allies amid a global energy crisis compounded by Russia’s invasion of Ukraine.

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Exclusive: most extraction points for rivers and groundwater not metered, so government relies on users’ honesty

The government has “no idea” how much water is being taken from rivers and groundwater, according to an Environment Agency (EA) whistleblower, as swathes of England remain in drought despite recent heavy rainfall.

The whistleblower told the Guardian that the EA’s regulation of water abstraction points for farms, small businesses and private water supplies was “absolutely pointless” because most were not metered and the monitoring that did take place was unreliable.

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Panama Cites convention considers proposals to protect turtle populations also depleted for food, medication and colorful shells

Turtle poaching to meet the rising demand for the species as pets has pushed more than half of the nearly 300 living turtle and tortoise species closer to extinction, a global wildlife conference has heard.

The 184-nation Convention on International Trade in Endangered Species of Wild Fauna and Flora (Cites), which is meeting in Panama from 11 to 25 November, has seen one proposal that would ban or limit the commercial trade in more than 20 mud turtle species. More than 10 other proposals have been received that would increase protection for freshwater turtles.

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A daily summary of our news plus bite-sized updates from around the world.

Global CO2 emissions from fossil fuel use are estimated to increase by 1% in 2022 to 36.6 billion tonnes, reaching a new record and reflecting a full rebound from the pre-COVID-19 levels in 2019, research released early Friday shows.

Analysts have cut their short- and medium-term EU carbon price forecasts over a mix of bearish factors including Europe’s energy crisis, the continent’s worsening economic outlook, and increased allowance sales through the bloc’s REPowerEU plan.

BlueFloat and Energy Estate unveil second offshore wind project as part of multibillion-dollar investment plan for New Zealand.

The post BlueFloat and partners step up plans to build offshore wind farms in New Zealand appeared first on RenewEconomy.

How fast can industry can bring massive decarbonisation projects to market. It's one of the big questions for the likes of CWP and Vattenfall at Egypt's COP27.

The post Time to be brave: Investors ponder massive fossil free investments in steel and hydrogen appeared first on RenewEconomy.