COP23: Testing UN climate talks pile up work on Paris rulebook
Nearly 200 nations this week tackled the first leg of the two-year negotiations on a Paris Agreement rulebook by pushing most decisions to next year, although a row about what counts as climate aid cash stretched the COP23 UN climate talks in Bonn into the early hours of Saturday.
Read MoreCOP23: UN negotiators get ahead of themselves in Bonn CO2 trade talks
Negotiations on global carbon trade under the Paris Agreement edged ahead of other strands of the UN climate talks over two weeks in Bonn, boosting confidence that countries and companies seeking to use international CO2 deals will have rules in place well ahead of the pact’s 2020 start.
Read MoreCOP23: Singapore becomes 20th nation to back ministerial declaration on carbon markets
Singapore signed up to an international ministerial declaration on carbon markets on Thursday, bolstering the club of rich and poor countries pledging to cooperate on environmental integrity to spur international emissions trade.
Read MoreCOP23: Spotlight on questionable CDM projects brings Brazil’s split carbon market views to fore
Three Brazilian hydro projects owned by state-owned energy company Eletrobras could generate nearly 170 million environmentally dubious CERs by 2030, climate campaigners have claimed, raising questions over the government’s continued support for the CDM while snubbing REDD-based offsets.
Read MoreCOP23: 25 nations, sub-nationals join UK-Canada coal exit alliance
Some 25 national and sub-national jurisdictions have joined a global alliance forged by the UK and Canada to encourage a transition from unabated coal-fired power to cleaner alternatives, with the founding nations seeking to reach 50 members within a year.
Read MoreCOP23: No China ETS launch in Bonn as market lacks Cabinet approval
The much-anticipated launch of China’s national emissions trading scheme looks unlikely to take place during the UN talks in Bonn as the State Council has yet to approve the regulator’s proposed plans, China’s special representative on climate change said Tuesday.
Read MoreCOP23: ETS links slink back on Asia Pacific countries’ priority list
Linking emerging Asian Pacific emissions trading markets is slowly dropping down the list of priorities for regional climate policy officials, even as the need to cooperate in developing markets increases.
Read MoreCOP23: Kyoto rule could complicate CORSIA’s CDM sourcing -expert
UN aviation body ICAO is expected to allow the use of UN-issued CDM carbon credits under its CORSIA offset scheme, but those plans might face complications as approval under the UNFCCC or an amendment to the Kyoto Protocol might be necessary, an expert said Monday.
Read MoreCOP23: Bypassing Trump, Canada and Mexico team up with 15 US state governors on climate
Canada, Mexico, and a coalition of 15 US state governors signed a declaration committing to jointly strengthen their climate action on Monday, aiming to defy the Trump administration.
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