ECOSYSTEM MARKETPLACE: How carbon markets can boost biodiversity and slow climate change
We must take advantage of natural climate solutions if we are to avoid the worst effects of climate change. Yet setbacks – such as an incomplete Paris Rulebook – have raised concerns amongst stakeholders, worried that without UN guidance on carbon markets, they cannot confidently scale up the required policies and programs. The Nature Conservancy has released a new guide that highlights why many are already taking action to make use of markets in funding NCS, and how businesses can thoughtfully take similar steps today amidst a developing regulatory landscape.
Read MoreANALYSIS: Uptick in voluntary carbon market activity still awaiting post-2020 clarity
A rise in voluntary market issuances over the past year could signal that entities are preparing for the start of multiple international emissions trading regimes in the next decade, but some cautioned there still may be too much risk to engage in early purchasing.
Read MoreGCF begins quest to replenish funds
The Green Climate Fund has held its first meeting in a process the UN-led entity hopes will lead to an October session where rich countries will refill its coffers.
Read MoreCDM board weighs expanding struggling scheme to ride-sharing apps, other urban sectors
The CDM’s executive board held its first meeting of 2019 last week, where it weighed a number issues including whether online ride-hailing applications should receive carbon offsets and how to expand the struggling scheme’s use into urban sectors.
Read MoreChile moves UN COP25 climate summit to Easter Island over logistical, environmental fears
Amid a raft of concerns about overcrowding and a lack of conference venue options in Santiago, the Chilean government has announced its remote Easter Island as the surprise site for this year’s UN COP25 climate summit, highlighting the island’s ecological-driven collapse as a point of urgency for global efforts to reduce emissions.
Read MoreANALYSIS: Long-delayed REDD deals seen as base for international emissions trade
Forest protection deals inked between African nations and a World Bank fund could spur international emissions trade under the Paris Agreement and ICAO’s CORSIA offsetting scheme for aviation, according to experts.
Read MoreICAO names advisory board for CORSIA aviation offset scheme
UN aviation body ICAO has listed the members of its technical advisory board (TAB) for its CORSIA global offsetting mechanism, adhering to historical splits between rich and poor countries with the latter represented by major CDM host nations and oil majors.
Read MoreBP targets $100 mln for upstream GHG reduction projects
Fossil fuel major BP on Tuesday announced a $100 million fund to lower emissions from its upstream oil and gas operations, months after shareholder pressure forced the company to beef up its climate-related disclosures.
Read MoreGlobal energy-related CO2 emissions spike 1.7% in 2018 to hit another record -IEA
Energy-related CO2 output shot up in 2018 to hit a second consecutive yearly high as Asian coal growth and the US oil and gas boom overshadowed global progress in renewable energy and energy efficiency, the International Energy Agency (IEA) said in a report released Tuesday.
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