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Growth is enriching an elite and killing the planet. We need an economy based on human rights | Olivier De Schutter

The Guardian - Tue, 2024-07-02 15:00

Economic growth allows the few to grow ever-wealthier. Ending poverty and environmental catastrophe demands fresh thinking

Economic growth will bring prosperity to all. This is the mantra that guides the decision-making of the vast majority of politicians, economists and even human rights bodies.

Yet the reality – as detailed in a report to the United Nations Human Rights Council this month – shows that while poverty eradication has historically been promised through the “trickling down” or “redistribution” of wealth, economic growth largely “gushes up” to a privileged few.

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NZU stockpile shrinks by 25 mln following May surrender

Carbon Pulse - Tue, 2024-07-02 14:06
The stockpile of privately held NZUs has shrunk by some 25.5 million units, according to government figures published Tuesday, thanks to the May 31 surrender deadline for emitters.
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The Coalition’s nuclear fantasy serves short-term political objectives – and its fossil fuel backers | Peter Lewis

The Guardian - Tue, 2024-07-02 12:06

Dutton’s policy latches on to genuine concerns about power prices and disruption evident in the latest Guardian Essential report, but what are its real motivations?

In 1959 the US government hatched a covert scheme to replace every single bird with a replicant surveillance drone to spy on its own citizens. This is only the second silliest theory flying around the internet right now.

Peter Dutton’s make-believe nuclear plan bears some of the hallmarks of Peter McIndoe’s actual piss-take, “Birds Aren’t Real”, which became so real he wound up doing interviews with Fox News and running large-scale community rallies where only some of the participants were chanting his nonsense slogan ironically.

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Washington releases draft rule language for cap-and-trade linkage

Carbon Pulse - Tue, 2024-07-02 11:26
The Washington Department of Ecology (ECY) on Monday released draft language of the cap-and-trade linkage rule to align the state’s carbon programme with the broader California-Quebec market.
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New Zealand lawyer group warns govt its lack of climate action skirts legal requirements

Carbon Pulse - Tue, 2024-07-02 11:24
A prominent New Zealand legal group has urged the coalition government to rethink its unwinding of transport emissions reduction policies, saying it was ignoring key aspects of the first Emissions Reduction Plan (ERP) and the Climate Change Response Act. 
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Brutal heatwave in California to coincide with 4th of July wildfire risks

The Guardian - Tue, 2024-07-02 10:42

Sweltering conditions and power shutoffs may overlap with errant fireworks or badly tended campfires

A brutal and long-lasting heatwave is threatening to wreak havoc across California this week, as sweltering conditions, power shutoffs and a severe uptick in wildfire risks coincide with 4th of July celebrations.

The dangerous weather event is expected to stretch for days with little reprieve. Starting Wednesday, parts of the state will be subject to “extreme” levels of heat risk – reaching the highest level on the National Weather Service’s index – that will last until Sunday or longer. In some areas, life-threatening triple-digit temperatures could linger for longer than a week.

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California state senator withdraws carbon offset greenwashing bill for 2024 legislative session

Carbon Pulse - Tue, 2024-07-02 09:18
The author of a California Senate bill intended to provide greater oversight on claims made from the sale of carbon credits has asked an Assembly committee to remove the bill from its agenda, and the proposal will not advance for the remainder of the legislative year, her office told Carbon Pulse on Monday.
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RGGI Market: RGAs once again set new highs before retreating, volumes trend downward

Carbon Pulse - Tue, 2024-07-02 08:54
RGGI Allowance (RGA) settlement prices hit all-time highs yet again last week amid a persistent bullish outlook for the Third Program Review, despite the ongoing silence from the programme administrator regarding updates to the scheme, before retreating late in the week.
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LATAM Roundup: LAC awaits Article 6 credits, sees limited ETS progress

Carbon Pulse - Tue, 2024-07-02 08:09
Carbon Pulse rounds up June’s developments in Latin American and Caribbean (LAC) carbon markets, seeing two countries score high-priced Article 6 deals with a Swiss agency and several others make minor ETS announcements, though direct taxes continue as the region’s carbon pricing mainstay.
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Australia’s ‘carbon budget’ may blow out by 40% under the Coalition’s nuclear energy plan – and that’s the best-case scenario

The Conversation - Tue, 2024-07-02 06:11
The Coalition’s pledge to build seven nuclear reactors poses serious questions about whether this nation can meet its international climate obligations. Sven Teske, Research Director, Institute for Sustainable Futures, University of Technology Sydney Licensed as Creative Commons – attribution, no derivatives.
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Labour will take global lead on climate action, Ed Miliband vows

The Guardian - Tue, 2024-07-02 06:08

Exclusive: shadow energy security secretary vows to fill ‘vacuum’ left by Rishi Sunak’s U-turn on net zero

Labour will promise to take the lead on global efforts to tackle the climate crisis, filling a “vacuum of leadership” on the world stage and proving Rishi Sunak’s U-turn on net zero has been a “historic mistake”, Ed Miliband has said.

The shadow energy security and net zero secretary said the UK needed to change course and was “off track”.

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Alaska finalises regulations for state voluntary offsets programme

Carbon Pulse - Tue, 2024-07-02 04:38
The Alaska Department of Natural Resources (DNR) has published final regulations set to take effect in July for the state's forthcoming voluntary offsets programme.
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Colombian credit retirements toward CO2 tax well below cap in Q1

Carbon Pulse - Tue, 2024-07-02 04:11
Carbon credit retirements towards Colombia's national CO2 tax remained weak in Q1, per figures presented at a climate summit in Cartagena last week, as domestic supply and demand struggled after media scandals and a volume cap was introduced in late 2022.
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