COP29: Azerbaijan plans to push for early Article 6 outcome, faces pushback
The COP29 presidency is pushing for an early endorsement of key carbon crediting standards under Article 6, Carbon Pulse has learned, though is facing resistance from several countries.
Read MoreBrazil announces new UN climate target, targets 59-67% emissions cut
COP30 host Brazil has announced a new UN climate plan that aims to reduce net greenhouse gas emission by 59-67% in 2035, compared to 2005 levels.
Read MoreGermany’s Pyreg takes biochar tech ‘down under’ via partnership
German technology firm Pyreg, which specialises in carbonising organic waste into biochar and renewable energy, is set to make its debut in Australia through a collaboration with the North West Hub Alliance, an infrastructure group involving John Holland, KBR, and Stantec.
Read MoreBRIEFING: ARB members green light California’s LCFS programme amendments
Members of California’s ARB approved the Low Carbon Fuel Standard (LCFS) programme changes on Friday after hearing hours of public testimony, followed by several hours of debate, and a failed motion that sought to tighten provisions for avoided methane crediting.
Read MoreCFTC: Traders expand V25 CCA exposure over V24s, tread cautiously into WCA repeal vote
Traders continue to build V25 California Carbon Allowance (CCA) open interest (OI), reducing V24 exposure over the last week, while also trimming Washington Carbon Allowance (WCA) net length ahead of a key programme repeal vote, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).
Read MoreCOP29: Climate finance negotiations at Baku should address developing nations’ unequal access to capital, experts say
The next climate finance commitment needs to address structural problems with the global borrowing framework in order to reduce the cost of capital for developing nations looking to attract investment for clean energy and climate adaptation projects, experts said Friday.
Read MoreCOP29: ‘Watchdog’ EU Parliament delegation heading for Baku
The European Parliament is sending a delegation of 15 lawmakers to the COP29 UN climate summit in Azerbaijan, with the intention to act as a “watchdog” in the negotiations involving EU member states and the European Commission, MEPs said.
Read MoreEuro Markets: Power, gas rally pushes EUAs 6.5% higher on the week, triggers technical buying
European carbon prices extended their late Thursday rally to post a 6.5% weekly gain as power and gas-inspired buying turned into a technical rally as EUAs climbed above key technical levels, as weather forecasts called for lower temperatures in much of Europe.
Read MoreNew coal boom in Indonesia threatens policy efforts to drive down emissions
Soaring coal capacity in Indonesia is threatening the country’s efforts to drive down emissions, a report published on Friday has found.
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