Iwi leader accuses NZ govt, emitters of âcoordinated campaignâ to scupper climate litigation
The climate activist and iwi leader suing some of New Zealandâs biggest emitters for climate damage has accused the government of covering up lobbying by some of the defendants, following the release of briefings given to the prime ministerâs office outlining legislative changes to ban such litigation.
Read MoreMethane emissions from global rice paddies surge as soil carbon sink weakens -study
Global greenhouse gas emissions from rice paddies have nearly doubled over the past six decades, driven primarily by expansion in cultivated area and intensified crop residue incorporation, with methane remaining by far the dominant source of warming, according to a new study.
Read MoreOcean CDR initiative funds studies into alkalinity enhancement impacts on fisheries, marine species
An ocean carbon removal research initiative has awarded funding to two scientific projects examining how ocean alkalinity enhancement (OAE) could affect commercially and culturally important marine species, amid growing scrutiny over the ecological risks of marine CO2 removal techniques.
Read MoreBRIEFING: World Bank urges countries to embed carbon pricing, Article 6 plans into climate strategies
Countries need to stop looking at carbon pricing in silos when it comes to long-term climate planning and instead embed it into national strategies from the outset, the World Bank said in two complementary reports.
Read MoreCarbon markets face âmission creepâ as COP32 implementation clock ticks
Carbon markets risk failing to reach their true potential because governments and industry groups have overloaded them with ideological and regulatory demands, said experts on Friday, warning that âmission creepâ was undermining efforts to mobilise climate finance.
Read MoreBASIC countries’ snub of CORSIA could slash effectiveness by a quarter, study warns
A growing standoff between major emerging economies and the UN aviation offsetting mechanism CORSIA could slash the schemeâs effectiveness by almost a quarter during its upcoming âmandatoryâ phase, according to a new academic paper that warns equity concerns are threatening the future of the market.
Read MoreAustralia, Turkiye outline climate finance efforts in partnership through first COP31 joint presidency letter
Turkish COP31 President Designate Murat Kurum and Australian COP31 President of Negotiations Chris Bowen published their first joint open letter on Thursday, pledging to continue the work of previous climate summit presidencies, support the implementation of Nationally Determined Contributions (NDCs) and National Adaptation Plans, and expand climate finance globally.
Read MoreArticle 6 authority approves N2O carbon methodology
The UN body overseeing implementation of the Paris Agreement Crediting Mechanism (PACM) has approved a new methodology to reduce N2O emissions from nitric acid production.
Read MoreBRIEFING: Australian carbon market comes of age, but grapples with future direction
Fifteen years in, the Australian carbon market is becoming more vibrant, more active, and more mature. But as stakeholders prepare for a review of the Safeguard Mechanism, and with legislative changes to the Australian Carbon Credit Unit (ACCU) Scheme afoot, its future evolution is still to be determined.
Read MoreClimate finance continued to grow in 2024, mostly going to emission reductions -OECD
Developed countries increased their public and private finance for climate action for a third year in a row in 2024, with nearly two-thirds directed to emission reduction efforts, according to the OECD’s annual assessment, published Thursday.
Read More