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COP29: Brazil launches climate funding platform with $10.8 bln in capital

Carbon Pulse - 16 min 22 sec ago
Brazil's national development bank has formally launched a climate investment platform that it said already has up to $10.8 billion in capital that could be mobilised, in support of its newly updated Paris Agreement pledge.
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COP29: BRIEFING – Transition credits could help retire young coal plants in Asia, but complexities and risks abound

Carbon Pulse - 30 min 47 sec ago
Transition credits could be a viable way to finance the early phase-out of coal-fired power plants in Asia, but familiar risks around project permanence, and buyer appetite are seen as major barriers to scaling up the practice, a panel discussion heard at COP29.
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My moth hell has given me sympathy for all fellow sufferers – even the 1% | Rhiannon Lucy Cosslett

The Guardian - 38 min 1 sec ago

When infestations affect Notting Hill billionaires, it reminds you that it’s the little winged bastards who truly own this city

While reading of the case of the super-rich couple suing the previous owners of their west London mansion over its moth infestation, one particularly detail prompted warm memories. Iya Patarkatsishvili and Yevhen Hunyak had to tip away glasses of wine after discovering moths floating in them, Hunyak told the court. Ah yes, I thought, I too have found a moth taking a little dip in my tipple, though I’ll admit that I simply fished him out rather than waste a glass. Worse, mine only contained Tesco’s finest wine, as opposed to, you know, the world’s.

Moths, it seems, pay no attention to social class. Whether you are a lowly renter in a poky flat, such as I, or the daughter of a Georgian billionaire; if you live in London, they are coming for you. Moths, like mice in the tube, are simply a fact of living in this city, so commonplace as to be almost unremarkable. Even when waging daily battle against them, you sort of forget about them; their soft fluttering wings are a kind of inaudible mood music, until someone who has recently moved here says, “What’s with all the moths?”, and you remember the bastards that truly own this city.

Rhiannon Lucy Cosslett is a Guardian columnist and author

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Categories: Around The Web

COP29: Carbon pricing coverage to hit 34% of global emissions in next five years -report

Carbon Pulse - 52 min 38 sec ago
A report has found that expansion of carbon trading systems will see emissions covered by pricing mechanisms rise to 34% over the next five years.
Categories: Around The Web

COP29: Multiple countries outline plans to raise billions in forest carbon finance

Carbon Pulse - 1 hour 18 min ago
Fourteen countries, including the US, France, and the UK, issued a statement at COP29 in Baku on Thursday affirming their commitment to scale up finance for forests, based on 'high-integrity' carbon markets.
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COP29: US-China dialogue “extremely positive” on non-CO2 emissions controls, says White House official

Carbon Pulse - 1 hour 20 min ago
A White House official said Thursday that the US has had active and productive negotiations with Chinese delegates over reducing non-CO2 greenhouse gases (GHG), adding that Beijing has signalled interest in implementing regulatory controls over non-CO2 gases similar to those in the US.
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5% of planning applications subject to UK biodiversity net gain rules, research suggests

Carbon Pulse - 1 hour 53 min ago
Some 5% of recent planning applications have complied with England’s biodiversity net gain (BNG) rules, in a positive sign the legislation is working, a lawyer has said.
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COP29: Canadian oil and gas emissions cap not expected to survive legal challenge, Alberta stakeholders say

Carbon Pulse - 1 hour 54 min ago
Alberta government and industry were sceptical of the viability and effectiveness of Canada’s emissions cap on its oil and gas sector, highlighting instead the success of provincial emissions reductions efforts on the sidelines of COP29.
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Emerging markets lag in low-carbon investment despite $2.3 trillion energy boost -report

Carbon Pulse - 1 hour 57 min ago
Low- and middle-income economies invested $2.3 trillion in their energy systems last year, yet only 14% of that spending outside China went towards low-carbon solutions, a new report has found.
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COP29: Brazil’s Para state to launch call for forest concession tenders

Carbon Pulse - 2 hours 29 min ago
The government of Para state in Brazil is expected this Friday to launch a long-awaited call for tenders to take on an ecological restoration-oriented forest concession, which will generate carbon credits from the reforestation process.
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Large home retailer invests €1.5 bln to speed up fossil fuel phaseout

Carbon Pulse - 3 hours 34 min ago
A large home retailer is investing €1.5 billion in renewable energy at its sites to phase out the direct use of fossil fuels under a target to reduce its operational carbon footprint 85% by 2030.
Categories: Around The Web

Indian regulator releases draft rules for carbon trading on power exchanges

Carbon Pulse - 3 hours 37 min ago
The Central Electricity Regulatory Commission (CERC), regulator of the power sector in India, this week released guidelines for the buying and selling of carbon credit certificates (CCCs) on power exchanges.
Categories: Around The Web

UK prepares to ban new coal mines

Carbon Pulse - Thu, 2024-11-14 23:54
The UK is poised to ban new coal mines, soon after becoming the first industrialised country to end coal-fired power generation, the government announced on Thursday.
Categories: Around The Web

Global securities regulators group unveils recommendations to improve voluntary carbon market integrity, transparency

Carbon Pulse - Thu, 2024-11-14 23:36
A global group of securities regulators on Thursday published new recommendations aimed at improving transparency and reliability in the voluntary carbon market (VCM), while also unveiling a partnership with the World Bank.
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Farm income falls in England after extreme weather and subsidy cuts

The Guardian - Thu, 2024-11-14 23:32

Defra data shows lower income for most farm types but small boost from payments for nature-friendly schemes

Income fell on almost all farm types in England last year, as extreme weather hit yields and the government cut subsidies.

Farmers fear future hits to their industry after a hugely unpopular change to agricultural property relief which means some farms will be saddled with a large, unexpected tax bill, and a surprise, severe cut to the EU-derived basic payments scheme meaning a shortfall in cash that they had not predicted.

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COP29: Norway calls for clean cookstoves to be included in outcome statement

Carbon Pulse - Thu, 2024-11-14 23:16
The Norwegian government is advocating clean cookstoves be included in the outcome statement of COP29, a side event at the Baku climate conference heard Thursday.
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World’s largest known coral discovered in Solomon Islands

The Guardian - Thu, 2024-11-14 23:09

Gigantic multicoloured organism is visible from space and has grown for between 300 and 500 years

The world’s largest known coral, visible from space, has been discovered in the waters of the Solomon Islands.

With a circumference of 183 metres, the gigantic multicoloured organism is an intricate network of individual coral polyps that have grown for between 300 and 500 years.

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Singapore tech company to develop framework to automate coral farming

Carbon Pulse - Thu, 2024-11-14 22:52
A Singapore-based tech firm is developing a framework for mass-producing corals and automating the farming process, considering generating carbon or biodiversity credits within two years, the company told Carbon Pulse.  
Categories: Around The Web

COP29: Ghana Article 6 activities mobilise $800 mln, says president

Carbon Pulse - Thu, 2024-11-14 22:30
Ghana has mobilised $800 million by hosting carbon projects through Article 6.2 of the Paris Agreement, President Nana Akufo-Addo revealed at COP29, precipitating emissions cuts through bilateral agreements with primarily European buyer countries.
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Euro Markets: Midday Update

Carbon Pulse - Thu, 2024-11-14 22:23
European carbon prices posted healthy gains on Thursday morning, tracking a substantial rise in natural gas as traders reacted to news headlines that added uncertainty to the supply outlook.
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