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COP24: Asian Development Bank launches ITMO pilot support for SE Asia

Published 19:35 on December 7, 2018  /  Last updated at 00:27 on December 8, 2018  /  Asia Pacific, Climate Talks, International, New Market Mechanisms  /  No Comments

The Asian Development Bank (ADB) has teamed up with Germany and Sweden to launch a new facility to support Southeast Asian nations develop ITMO pilot projects for Paris-era international emission trade.

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ECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+

Published 18:22 on December 6, 2018  /  Last updated at 18:22 on December 6, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, Conversations, EMEA, International, Other APAC, REDD, South & Central, US, Views, Voluntary Market  /  No Comments

“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).

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COP24: Article 6 text slashed in half as UN talks begin in earnest

Published 19:07 on December 5, 2018  /  Last updated at 21:53 on December 5, 2018  /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, South & Central  /  No Comments

Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said much work remains over the next week-and-a-half of UN talks in Katowice.

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COP24: Companies, business groups band together to avoid double counting in carbon markets

Published 12:30 on December 5, 2018  /  Last updated at 07:21 on December 6, 2018  /  Aviation, Climate Talks, International, New Market Mechanisms, REDD  /  No Comments

Some 40 companies, business group, and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.

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COP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open

Published 21:38 on December 4, 2018  /  Last updated at 02:07 on December 5, 2018  /  Americas, Asia Pacific, Aviation, China, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, US  /  No Comments

UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.

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COP24: UN secretary-general details 2019 summit to raise climate ambition

Published 10:55 on December 4, 2018  /  Last updated at 10:55 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, REDD, South & Central  /  No Comments

The UN has identified six action areas with a high potential to drive GHG reductions and resilience as it encourages countries to bump up their Paris Agreement targets at a New York conference next September, Secretary-General Antonio Guterres announced on Tuesday.

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COP24: More than 70 entities join German initiative to offset emissions

Published 19:04 on December 3, 2018  /  Last updated at 01:16 on December 4, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, Voluntary Market  /  No Comments

More than 70 German companies, governments, and NGOs have joined a voluntary initiative launched by the German government to buy carbon credits on their way to carbon neutrality.

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COP24: Caving to investor pressure, Shell to set out interim climate targets

Published 17:31 on December 3, 2018  /  Last updated at 22:12 on December 3, 2018  /  Americas, Climate Talks, EMEA, International, US  /  No Comments

Royal Dutch Shell will implement short-term emission reduction goals amid increasing investor pressure, it announced Monday, supplementing its longer-term targets as the oil major factors takes into account global climate progress and other internal activities.

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COP24: World Bank to double climate spending to $200 bln over five years

Published 09:20 on December 3, 2018  /  Last updated at 19:38 on December 3, 2018  /  Climate Talks, International  /  No Comments

The World Bank Group will double its climate spending to $40 billion per year over 2021-2025, it said Monday, with funding renewable energy and creating markets for climate business among its priorities.

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COP24: Countries step up to host 2019 UN climate talks after Brazil withdraws

Published 12:04 on December 2, 2018  /  Last updated at 12:04 on December 2, 2018  /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, New Market Mechanisms, REDD, South & Central  /  No Comments

At least four Latin American and Caribbean countries have voiced interest in hosting next year’s UN climate summit after Brazil withdrew its offer.

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