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This year on track to be hottest on record: WMO

  • Spanish Market: Emissions
  • 11/11/24

This year is on track to be the hottest on record, as warming "temporarily hits" 1.5°C above pre-industrial levels, the World Meteorological Organisation (WMO) said today.

The WMO based its report on six international datasets. EU earth-monitoring service Copernicus — one of the services that WMO uses — said last week that 2024 was "virtually certain" to be the hottest year on record.

The global average temperature in January-September was 1.54°C above pre-industrial levels, the WMO found. The Paris climate agreement seeks to limit global warming to "well below" 2°C above pre-industrial levels, and preferably to 1.5°C. The past 10 years, from 2015-24, have been the warmest on record, the WMO said.

But "one or more individual years exceeding 1.5°C does not necessarily mean that [the Paris Agreement's 1.5°C goal] is out of reach", the WMO said. Although the Paris accord does not give a specific timeframe, the breaching of warming levels "should be understood as an exceedance over an extended period, typically decades or longer", it added.

An initial indication from a WMO-established team suggests that long-term global warming is "likely to be about 1.3°C compared to the 1850-1900 [pre-industrial] baseline", the organisation said.

Even so, "every fraction of a degree of warming matters… every additional increment of global warming increases climate extremes, impacts and risks," WMO secretary-general Celeste Saulo said.

Ocean warming rates "show a particularly strong increase in the past two decades", the report found. Ocean heat content in 2023 was the highest recorded, while data show that "2024 has continued at comparable levels", it added. Oceans absorbed around 3.1mn TWh/yr of heat in 2005-23. Of the energy that accumulates in the earth's system, around 90pc is stored in the ocean, so its warming is expected to continue. This is "irreversible on centennial to millennial timescales", the WMO said.

The rise in global temperature is "turbo-charged by ever-increasing greenhouse gas (GHG) levels in the atmosphere", the WMO said. Concentrations of the three key GHGs — CO2, methane and nitrous oxide — reached record high observed levels in 2023 and measurements suggest that they will be higher in 2024, the WMO said. Levels of CO2 stood at 420 parts per million in 2023 — 51pc above pre-industrial levels — and methane at 1,934 parts per billion, 165pc higher than pre-industrial levels, the organisation said.

The report was released on the first day of the UN Cop 29 climate summit, which is set to run until 22 November in Baku, Azerbaijan.


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28/07/25

ICJ opinion could open door for more climate litigation

ICJ opinion could open door for more climate litigation

London, 28 July (Argus) — A landmark outcome from the International Court of Justice (ICJ) on 23 July found that countries have an obligation to contribute to cutting emissions, and wealthy, industrialised nations should take the lead on tackling climate change. The court left the door open for further climate litigation, finding that breaching these obligations constitutes a "wrongful act" for which "injured states" could claim restitution and compensation. The ICJ's advisory opinions are not legally binding but carry significant weight and may contribute to the development of international law, non-profit the Centre for International Environmental Law says. International climate treaties — such as the 2015 Paris Agreement — "establish stringent obligations upon states to ensure the protection of the climate system and other parts of the environment from anthropogenic GHG [greenhouse gas] emissions", the ICJ said. Countries "must fulfil their duty to prevent significant harm to the environment by acting with due diligence", the ICJ said. It noted the discretion built into UN climate body the UNFCCC for nations to determine the means by which they cut emissions. But it was clear that "this discretion cannot serve as an excuse for states to refrain from co-operating with the required level of due diligence or to present their effort as an entirely voluntary contribution which cannot be subjected to scrutiny". The court found that countries party to the Paris Agreement have an obligation to present national climate plans that align with its primary temperature goal of limiting the global rise to 1.5°C from a pre-industrial baseline. The ICJ also focused on the primary cause of GHG emissions — burning fossil fuels. "Failure of a state to take appropriate action to protect the climate system from GHG emissions — including through fossil fuel production, fossil fuel consumption, the granting of fossil fuel exploration licences or the provision of fossil fuel subsidies — may constitute an internationally wrongful act... attributable to that state", it found. "Where several states are responsible for the same internationally wrongful act, the responsibility of each state may be invoked," it said. Definitive legal guidance The ICJ's opinion "will equip judges with definitive guidance that will likely shape climate cases for decades to come", environmental organisation ClientEarth lawyer Lea Main-Klingst previously told Argus . Existing pathways could allow countries to take legal action against other nations, "and no changes to international law are needed for it to happen", CIEL climate and energy programme director Nikki Reisch tells Argus . Individual states could vary in how they interpret the court's findings, but the opinion was comprehensive and punctured arguments often used to push back on more stringent climate action. The ICJ noted that "it is scientifically possible to determine each state's total contribution to global emissions, taking into account both historical and current emissions", and that states could be found responsible if they do not regulate emissions caused by "private actors" under their jurisdictions. Climate litigation has risen steadily in recent years and cases including those challenging fossil fuel projects are "more often reaching the highest courts around the world", researchers at the London School of Economics' Grantham Research Institute say. And the damage caused by climate change is growing, increasing the pressure to define legal parameters and responsibilities. The ICJ proceedings hit several milestones. The issue drew the highest level of participation in a proceeding seen by the ICJ or its predecessor. And the court adopted the advisory opinion unanimously — just the fifth time in its 80-year history that this has happened. But it made the point that international law is just one tool in the fight against climate change. The proceedings "concern an existential problem of planetary proportions", the ICJ said. "International law… has an important but ultimately limited role in resolving this problem". By Georgia Gratton Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

NZ will miss GHG targets without policy change: report


28/07/25
28/07/25

NZ will miss GHG targets without policy change: report

Sydney, 28 July (Argus) — The New Zealand government needs to act "urgently" to meet emissions reductions targets over 2026-35, including amending its emission trading scheme (ETS), the country's Climate Change Commission (CCC) has warned. The centre-right coalition government's plans are "insufficient" to meet the 2026-30 and 2031-35 greenhouse gas (GHG) emissions reductions goals of 50pc and 51-55pc below 2005 levels respectively, the CCC said on 25 July in its monitoring report for emissions reductions. The country is on track to meet its 2022-25 emissions reduction goal of 39pc from 2020 levels , which the CCC said was primarily due to a change in how emissions are measured. New Zealand needs to adapt the NZ ETS for it to be effective from 2026. The net emissions cap — the targeted level of net emissions the government seeks to achieve from sectors covered by the NZ ETS — is expected to reach zero in the late 2030s, and the scheme is not incentivizing significant gross emissions reductions. These issues need to be addressed before the government releases the third emissions budget in 2029 for the country to meet its 2050 net zero goal. It may also be "too late" for planned NZ ETS incentives for carbon capture, utilisation and storage (CCUS) because of declining reserves and the uncertain outlook for gas, making investment uneconomic, the CCC said. Other policies need to be introduced to compliment the NZ ETS, the report found, focusing on the agriculture, renewable energy and transport sectors. Emissions from the transport sector could be reduced by incentivising the use of zero emissions heavy vehicles, making low-carbon fuels and sustainable aviation fuels more accessible, and increasing EV batteries, especially for larger vehicles. NZ's jet fuel market is expected to grow , according to the government's draft national fuel security plan. Air New Zealand must use a 10pc blend of sustainable aviation fuel (SAF) with traditional jet fuel to meet its GHG reduction target of 20-25pc by 2030 from 2019, it said in May. In 2023, agricultural emissions accounted for 53pc of New Zealand's gross emissions. Further reductions are in part reliant on technologies, such as a methane-reducing capsules, that do not have certain timelines. This could be helped by focusing on high-value, low-emissions land uses. The government plans to implement agricultural emissions planning by 2030. Legislative changes were made last year to keep the agricultural sector out of the NZ ETS . The government announced rules to limit the conversion of farmland to forests late last year but the CCC is uncertain of this policy's impact. "How this policy will affect afforestation rates and the NZ ETS incentive for gross emissions reductions is uncertain," it noted. By Susannah Cornford Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

US Republicans seek to block Paris climate funds


25/07/25
25/07/25

US Republicans seek to block Paris climate funds

Washington, 25 July (Argus) — US congressional Republicans are moving to block funding for a number of UN climate change programs tied to the Paris climate agreement. The US House of Representatives Appropriations Committee on Wednesday voted 35-27, along party lines, to advance a fiscal year 2026 funding bill for the State Department and other foreign operations. It includes language that would prohibit directing funds to the UN Framework Convention on Climate Change (UNFCCC) to implement the Paris climate agreement and to the related green climate, clean technology and loss and damages funds. The bill does not specify any amount of funding that would be affected, but it could be in the billions, based on past US contributions to the UN programs. The committee did not respond to requests for comment. The restrictions would be in line with the President Donald Trump's decision to pull back from global engagement on climate change. Trump, in one of his first actions back in office, ordered the withdrawal of the country from the Paris agreement, and the State Department in February rescinded about $4bn in pledged US funding for the Green Climate Fund (GCF). The vote comes less than four months before the UN Cop 30 climate talk in Brazil, which plans to deliver a "roadmap" setting out how global climate finance could be increased to $1.3 trillion/yr. Brazilian officials have acknowledge that Trump's return to office could complicate those efforts. Committee Democrats warned the bill would put US interests at risk and further isolate the nation from the rest of the world. "Their bill surrenders our efforts to combat the climate crisis — eliminating support for climate adaptability and clean energy, ignoring the nexus between climate, conflict, and migration, and jeopardizing the safety and security of our children and our grandchildren," ranking member Rosa DeLauro (D-Connecticut) said. The GCF finances projects in developing and emerging countries with a focus on mitigation, adaptation and resilience efforts, such as climate-friendly agricultural methods, reforestation or coastal protection. It recently approved more than $1.2bn in funding for 17 projects across 36 countries. The GCF now has a portfolio of 314 projects, which total $18bn in GCF resources and $67bn including co-financing. The appropriations bill still has several more steps to clear before the funding restrictions become law, including a vote by the full House. In addition, the Senate Appropriations Committee still has to take action and has not yet released its own version of the State Department bill. The committee is chaired by US senator Susan Collins (R-Maine), a supporter of US participation in the Paris agreement. The committee did not respond to a request for comment. A group of 41 Democratic senators on Wednesday called on Collins not to allow any appropriations bill to include "poison pill" policy riders, or language restricting the ability of federal agencies to carry out certain environmental policies that is often included in such legislation. By Michael Ball Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Australia's Macquarie to sell agricultural firm Paraway


24/07/25
24/07/25

Australia's Macquarie to sell agricultural firm Paraway

Dalby, 24 July (Argus) — Australian investment bank Macquarie Asset Management has announced plans to sell Australian agricultural land firm Paraway Pastoral following a strategic review and investor consultations. The sale could attract interest from domestic and international investors because of the scale of landholding and the growing global demand for sustainable agricultural assets. Paraway is one of Australia's largest agricultural landholders. Its land spans 4.4mn hectares across Queensland, New South Wales and Victoria. The company manages more than 450,000 head of sheep and cattle and operates 28 stations focused on cattle, sheep and cropping. Macquarie Agricultural Funds Management has wholly owned the company since its inception in 2007. It exports beef and grain to key international markets including the US, China, South Korea and Japan. Paraway is also involved in carbon farming. The company has implemented the beef cattle herd management carbon credit method since 2016, earning 300,776 Australian Carbon Credit Units (ACCUs) as of December 2024 . The company generated these credits by improving pasture quality, supplement feeding, enhancing reproduction management and upgrading infrastructure, such as fencing, to better control herd movement. By Amy Phillips Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

Quebec cap-and-trade plans hit snag: Update


23/07/25
23/07/25

Quebec cap-and-trade plans hit snag: Update

Adds comment from California Air Resources Board. Houston, 23 July (Argus) — The Quebec environmental ministry is again delaying publication of potential changes for the province's cap-and-trade program, the latest in a series of roadblocks for updating the Western Climate Initiative (WCI). The province is shifting the planned publication date of its draft rules to the fall, which starts on 22 September in North America, from its previous spring-summer timeline, the ministry told Argus . But the ministry still plans to implement its program changes by the end of winter, a window that closes on 20 March 2026. Quebec regulators are considering removing 17.5mn allowances from its program, a reflection of the gap between supply and demand in the program over 2013-2020, to incentivize further greenhouse gas (GHG) emissions reductions, while tapering the use of carbon offset credits by 2030, among other changes. But the province has not provided further details on which amendments will make it into the draft regulations since its initial notice of potential changes in October 2024. The province maintains its preference that California, its partner in the WCI, publish its slew of changes first, citing a lack of flexibility for amending its draft once published. But the California Air Resources Board (CARB) indicated earlier this year that it will wait for state lawmakers to finalize an extension of the cap-and-trade program, rather than first adopt regulations that could include setting a 48pc GHG reduction target by 2030 to replace the current 40pc mandate. The cap-and-trade program sunsets in 2030. California legislators convened work groups this year, aiming for an extension of the program focusing on maintaining affordability and potentially revising some program mechanics. But lawmakers left for their month-long summer recess last week without making any formal proposals, leaving a narrow 21-workday window to pass legislation before the 12 September cutoff date for this year's session. CARB has indicated it could implement any program changes under consideration into 2026 , rather than by its preferred start date of 1 January, if needed. It still plans to move forward on its program amendments this year, the agency told Argus , but did not specify an exact timeframe. California's and Quebec's cap-and-trade programs cover major sources of the state's GHG emissions, including power plants and transportation fuels. By Denise Cathey Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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