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VCM Report: Nature-based VERs hit $10 as carbon credit demand overwhelms

Carbon Pulse - Tue, 2021-11-02 06:39
Voluntary emissions reduction (VER) prices neared or reached the $10 mark on standardised, exchange-traded nature-based offset contracts this week, as traders reported booming demand across the entirety of the voluntary carbon market (VCM).
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‘Rise above the politics of the moment,’ Queen urges Cop26 leaders – video

The Guardian - Tue, 2021-11-02 06:30

The Queen has recorded a message for the world leaders attending the Cop26 summit in Glasgow, asking them to think of the future and be the pioneers who take decisive action. The Queen is not attending the United Nations summit in person after being given medical advice to rest

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Narendra Modi vows India will reduce emissions to net zero by 2070 – video

The Guardian - Tue, 2021-11-02 06:18

The Indian prime minister made five pledges on the country's efforts in tackling the climate emergency over the next few decades. India, a developing country of more than 1.3 billion people, is the world’s third largest emitter of carbon dioxide after the US and China

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CNN’s Wolf Blitzer tracks Glasgow’s Cop26 to … Edinburgh

The Guardian - Tue, 2021-11-02 05:34

The veteran news anchor tweeted presence of ‘20,000 world leaders and delegates’ 47 miles east of actual summit

Eyebrows were raised at Cop26 on Monday when a veteran US news anchor announced he would be covering the climate summit from Edinburgh – 47 miles east of Glasgow.

Wolf Blitzer, a news anchor with CNN, wrote on Twitter that he was reporting from Edinburgh in Scotland, “where 20,000 world leaders and delegates have gathered for the Cop26”.

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NSW flooded by 11GW of pumped hydro proposals for big flip to renewables

RenewEconomy - Tue, 2021-11-02 05:30

NSW attracts 28 pumped hydro projects totalling 11 gigawatts to help back up wind and solar in its rapid switch to renewables.

The post NSW flooded by 11GW of pumped hydro proposals for big flip to renewables appeared first on RenewEconomy.

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Queen tells Cop26 in video address it is ‘time for action’ on climate

The Guardian - Tue, 2021-11-02 05:30

British monarch urges world leaders to rise to challenge of ‘true statesmanship’

The Queen has expressed her hope that world leaders would “rise above the politics of the moment, and achieve true statesmanship” in tackling the climate crisis as she welcomed Cop26 delegates to Glasgow in a recorded video address.

In a message played at the evening reception, she also recalled how her “dear late husband, Prince Philip,” had warned of the threat of “increasingly intolerable” world pollution more than half a century ago.

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Boris even manages to turn up late to the last-chance saloon | John Crace

The Guardian - Tue, 2021-11-02 05:11

Keeping world leaders waiting for half an hour and then giving them a fart joke suggest the PM hasn’t quite got Cop26

When one of the themes of your speech is that the clock is at one minute to midnight and you have 60 seconds left to save the world, it’s not the best look to come on stage 30 minutes later than planned. Better late than never isn’t quite the message of Cop26. The time for dawdling has been and gone. Countries need to act now. But then maybe Boris Johnson and the other world leaders were experiencing the same problems getting into the Glasgow venue as all the other punters.

Johnson is something of a late convert to the reality of the climate crisis. We know that and he knows that. He’s even admitted it was only when he got to Downing Street and academics walked him through the science that the penny really dropped. So you might have thought the prime minister would have chosen to play it fairly straight in welcoming everyone to Glasgow. Just thank them all for coming and make them aware of the responsibility they carry for saving the planet.

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Glasgow Diary: Australia named a ‘fossil of the day’ on first day of COP26

RenewEconomy - Tue, 2021-11-02 05:05

Prime Minister Scott Morrison arrives for the COP26 summit at the Scottish Event Campus (SEC) in Glasgow. (Phil Noble/Pool via AP)Australia named 'fossil of the day', Boris Johnson compares climate change to 'James Bond style doomsday device' and Biden apologises for actions of Trump administration.

The post Glasgow Diary: Australia named a ‘fossil of the day’ on first day of COP26 appeared first on RenewEconomy.

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How Australia's coal country past is scuppering its renewable energy future

The Conversation - Tue, 2021-11-02 05:05
Here are four ways the current electricity system favours existing, higher emitting technologies. These must be overcome to rapidly cut Australia’s emissions. Lee White, Research Fellow, Australian National University Licensed as Creative Commons – attribution, no derivatives.
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COP26: New Zealand's new climate pledge is a step up, but not a 'fair share'

The Conversation - Tue, 2021-11-02 05:03
New Zealand has announced a more ambitious pledge to cut emissions, but the commitment relies on buying credits from offshore. There is no system for doing this yet, or for ensuring genuine cuts. Robert McLachlan, Professor in Applied Mathematics, Massey University Licensed as Creative Commons – attribution, no derivatives.
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What happened at Cop26 today – day one at a glance

The Guardian - Tue, 2021-11-02 05:01

Summary of the main developments on kick-off day of the UN climate summit in Glasgow

The main things that happened on day one of the Cop26 climate conference in Glasgow included:

It’s one minute to midnight on the doomsday clock and we need to act now. If we don’t get serious about climate change today, it will be too late for our children to get serious about it tomorrow.

In my lifetime, I have witnessed a terrible decline. In yours, you could and should witness a wonderful recovery.

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Cop26: Biden urges unity in 'decisive decade' for planet – video

The Guardian - Tue, 2021-11-02 04:48

US president, Joe Biden, has warned that the climate crisis poses an 'existential threat to human existence as we know it' in his remarks to fellow world leaders at Cop26 in Glasgow. Biden urged other leaders to embark upon a transformational shift to clean energy

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Beyond net zero: Ex Patagonia boss leads push into “regenerative” technologies 

RenewEconomy - Tue, 2021-11-02 04:00

A new Australian-based venture capital firm featuring ex Patagonia boss Rose Marcario is raising $50 million to invest in what it calls “regenerative” technologies, a step beyond “sustainability” and “net zero” into investments that can help restore damage to the planet and people. ReGen Ventures is seeking $50 million and has already locked in $20 […]

The post Beyond net zero: Ex Patagonia boss leads push into “regenerative” technologies  appeared first on RenewEconomy.

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Glasgow is the real test of Boris Johnson’s floundering ‘global Britain’ | Mujtaba Rahman

The Guardian - Tue, 2021-11-02 03:43

Landmark Cops succeeded through leadership and hard graft – something the prime minister’s optimism has blinded him to

When the UK landed the Cop26 presidency two years ago, Boris Johnson sensed a huge opportunity to showcase the UK on the world stage. The conference fit his post-Brexit vision of a “global Britain”, free of the EU and still a player on the world stage.

He believed “Glasgow” would be remembered as a historic gathering, like the previous landmark climate summits in Kyoto and Paris. As recently as the end of September, Johnson told the UN general assembly in New York that the Glasgow summit should be a “turning point”. But then a week ago he began to scale down expectations, admitting success was “touch and go”.

Mujtaba Rahman is the managing director for Europe at Eurasia Group, a political risk research and consulting firm

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Cop26: Biden urges action on climate change and vows US will ‘lead by example’

The Guardian - Tue, 2021-11-02 03:01

‘Right now, we are falling short,’ US president says, urging other world leaders to embark upon a shift to clean energy

Joe Biden has warned that the climate crisis poses “the existential threat to human existence as we know it” and urged other world leaders to embark upon a transformational shift to clean energy, as questions linger over the US president’s ability to deliver this vision at home.

Biden, addressing a sparse chamber at crucial UN climate talks that have begun in a frigid and drizzly Glasgow, said that the conference must act as a “kickoff of a decade of ambition and innovation to preserve our shared future”.

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'Digging our own graves': world leaders open Cop26 with climate crisis warning – video

The Guardian - Tue, 2021-11-02 01:55

The UN secretary general, António Guterres, warned that humanity was ‘digging its own grave’ as the Cop26 climate talks opened in Glasgow. He was joined by Boris Johnson, Prince Charles, Sir David Attenborough and the Barbados prime minister, Mia Amor Mottley – all of whom delivered a scathing critique of world leaders’ efforts so far to cut greenhouse gas emissions and stave off climate breakdown

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RGGI CO2 output inches down in third quarter as emissions exceed compliance holdings

Carbon Pulse - Tue, 2021-11-02 01:06
Third quarter CO2 output under the Northeast and Mid-Atlantic RGGI programme stayed just below levels from 2020 when factoring out new entrant Virginia, though year-to-date emissions still overshot estimated compliance holdings in the power sector cap-and-trade market.
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Cop26 kicks off in Glasgow: in pictures

The Guardian - Tue, 2021-11-02 01:04

Images from the 2021 United Nations climate change conference in Scotland’s biggest city

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Chaotic scenes outside Cop26, as world descends on Glasgow

The Guardian - Tue, 2021-11-02 00:55

Complaints about wait to get in hints at poor organisation at multinational summit

Queues, icy weather, and more queues; as Glasgow’s climate conference kicked off the actual meetings, organisation and admissions continued to be a problem.

A couple thousand delegates and journalists were kept in large crowds queuing outside the conference centre, with Guardian reporters noting that there seemed to have been a lack of planning as no attempt was made to encourage people to queue rather than simply press forward.

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Cop26: David Attenborough urges leaders to 'turn tragedy into triumph’ – video

The Guardian - Tue, 2021-11-02 00:55

Sir David Attenborough tells world leaders that the Earth's future is defined by a single number: the concentration of carbon in the atmosphere. Speaking at the opening ceremony of Cop26 in Glasgow, the veteran naturalist urges leaders to 'rewrite our story' and 'turn this tragedy into a triumph'. He adds: 'We are, after all, the greatest problem solvers to have ever existed on Earth'

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