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90 articles and counting – Below is a summary of Carbon Pulse’s coverage of the first week of COP29.
Come COP with us – Take a 14-day Free Trial of our news and intelligence to coincide with COP29 (Nov. 11-22). Register to get full coverage from our 12-person team of reporters in Baku. If you’ve already trialled our content but want to take a second look, email us at sales@carbon-pulse.com to reactivate your login before Nov. 24. Some restrictions apply.
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FINANCE
No sign of life in climate finance text as talks hit impasse
Developing countries demand more transition finance to stop exploiting fossil fuels
Multiple countries outline plans to raise billions in forest carbon finance
Global climate finance needs to surpass $6 trillion per year by 2030, experts warn
Troika emphasises high-level climate ambition despite Azerbaijan president’s remarks
“Sprawling” climate finance text leaves little room for compromise
PREVIEW – Six sticking points in negotiations over next global climate finance goal
ARTICLE 6
Back on track – New Article 6 text opens door to finalising trade rules in Baku
CDM negotiations a mess as Article 6 forwarded to second week
INTERVIEW – Morocco readies Article 6 framework, expects ITMO offtakes in 2025
Trouble in paradise – After strong start, old conflicts on Article 6 come to the fore
Ghana Article 6 activities mobilise $800 mln, says president
South Korea seeks Article 6 opportunities in blue carbon, forestry projects
World Bank’s MIGA unveils Article 6 letter template to scale carbon markets
Carbon market infrastructure will need ‘step-up’ before Article 6 scales, rating agency founder says
Ghana, Singapore further Article 6 relationship
Companies willing to pay “significant” premium for Article 6 carbon credits, finds survey
Approval of Article 6 standards paves way for methodologies from mid-2025
Negotiators hail Article 6.4 deal, but campaigners say it’s a false solution
Presidency secures early Article 6 outcome as parties approve carbon crediting standards
BRIEFING – Article 6.2 advice wants distinct registries with synced-up reporting
Coal commission backs transition finance, Article 6 carbon credits for early plant closures
UN regional centres helping to build global Article 6 capacity
Azerbaijan to push for early Article 6 outcome, faces resistance
INTERNATIONAL
“Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
One year in, global transition from fossil fuels hits stalemate in climate talks
Global efforts to cut methane emissions grow, mobilising $500 mln
Nearly half of companies use zero renewable electricity -report
Pledge to boost global power storage, grids aims to support renewables rollout
BRIEFING – Global coal phaseout requires targeted finance and agreement on timelines, experts say
Carbon pricing coverage to hit 34% of global emissions in next five years -report
US-China dialogue “extremely positive” on non-CO2 emissions controls, says White House official
CDP, GRI join forces to boost corporate disclosures on biodiversity
Carbon markets crucial to unlock GHG cuts in heavy industry, alliance says
World still on track for 2.7C warming, unchanged from 2021 -report
More than 40% of coral species at risk of extinction, assessment reveals
INTERVIEW – China has been more helpful than Europe in green cooperation, says Bahamas
EMEA
UK looks to quickly bolster Article 6 trade with new principles for carbon credits
Dutch champion ‘green carbon’ trade as a feedstock, on way to negative emissions
Tanzania agrees deal to distribute 1 mln cookstoves
Russia, Ethiopia partner on low-carbon development initiatives
BRIEFING – Israel readies carbon tax to shield companies from CBAM
UK pledges nearly £80 mln for clean energy, innovation in developing countries
Norway calls for clean cookstoves to be included in outcome statement
Carbon trading in a warzone – Ukraine looks at Article 6 as stepping stone towards EU ETS
Turkish ETS auctions to start in 2026 -official
UK praised for new 1.5C-aligned emissions target, but policies needed to make it reality
Saudi firm launches country’s first carbon market exchange
‘Watchdog’ EU Parliament delegation heading for Baku
AMERICAS
US House Republicans arrive to pitch LNG, nuclear in conservative climate agenda
REDD+ projects could help conserve hydropower capacity in Brazil -study
Brazilian nature-based developers’ alliance signs carbon credits MoU with national export agency
US energy secretary confident in EV tax credits’ durability post Trump win
California requests Quebec to delay draft WCI cap-and-trade regulations till Q1 2025
Brazil launches climate funding platform with $10.8 bln in capital
Canadian oil and gas emissions cap not expected to survive legal challenge, Alberta stakeholders say
Brazil’s Para state to launch call for forest concession tenders
Brazilian state poised to offer REDD+ carbon credits worth millions
Brazilian state signs J-REDD+ credits deal with environmental management firm
Brazil second country to submit new NDC round, aims to cut emissions by two-thirds
Verra, Amazonas state sign agreement to collaborate on carbon markets
Carbon pricing, global financial overhaul needed for climate justice -Barbados
Canada unveils climate finance platform for vulnerable regions
Envoy Podesta confident of continued US climate action under Trump presidency
Brazil announces new UN climate goal, targets 59-67% emissions cut
APAC
BRIEFING – Pakistan launches carbon market regulations
Indonesia’s captive coal power plants to be included in country’s ETS from 2025, JETP head says
Thailand to present draft climate change bill to cabinet in December -official
Indonesia rolls out standard arrangement for bilateral carbon trading
Singapore commits $500 mln to Asia transition finance partnership
‘Terrible’ demand for carbon credits needs fixing, Bhutan PM
VOLUNTARY
Trump presidency could spell well for the voluntary carbon market, stakeholders say
ClimeFi, Xprize launch global CDR challenge to shore up demand
Russian petrochemical company to offset carbon footprint of country’s Baku delegation
Four carbon negative nations launch G-ZERO forum at the climate summit in Baku
CORSIA credit approval details ‘a moving target’, Verra CEO says
DAILY ROUNDUPS
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Come COP with us – Take a 14-day Free Trial of our news and intelligence to coincide with COP29 (Nov. 11-22). Register to get full coverage from our 12-person team of reporters in Baku. If you’ve already trialled our content but want to take a second look, email us at sales@carbon-pulse.com to reactivate your login before Nov. 24. Some restrictions apply.
SUBSCRIPTION OFFER – We’re offering new subscriber organisations 15 months of access to our news and intelligence for the price of 12. Purchase an annual subscription by Dec. 20, 2024, and get 3 extra months for free. Have we recently quoted you a price? Our 15-for-12 offer applies to that too, if you purchase your subscription by Dec. 20. Email sales@carbon-pulse.com to inquire.
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EVENTS
*NEW* Carbon Forward Middle East – Jan. 16-17, Abu Dhabi – Announcing Carbon Forward Middle East in Abu Dhabi, a great new event to explore carbon markets in the MENA region. We’ll be releasing more details about this conference soon. For now, put Jan. 16-17 in your calendar and email info@carbon-forward.com to express interest in attending, speaking, or sponsoring.
ClearBlue Markets + Invert – Webinar: Decoding British Columbia’s New Output-Based Pricing System (OBPS) – Nov. 20, 1300 EST: British Columbia’s OBPS marks a significant shift in carbon pricing, designed to reduce emissions while maintaining industrial competitiveness. Taking recent election results into consideration, this webinar will equip you with the knowledge to stay compliant, reduce costs, and capitalize on new opportunities. Join industry experts for crucial insights into regulatory changes and their impact on industries. Learn more and register here
European Industrial Carbon Management Summit – Dec. 5, Brussels: The Zero Emissions Platform flagship event will bring together industry leaders, policymakers, civil society and scientific experts to discuss the future of industrial carbon management across Europe. Get ready for insightful keynotes, case studies from pioneering projects, and panel discussions on the deployment of industrial carbon management technologies. The Summit is the perfect space to connect with peers working at the forefront of industrial decarbonisation. Registrations are now open – do not miss your chance to be part of the conversation.
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