COP29: German govt announces over €1 bln in annual biodiversity funding
Germany plans to ringfence an annual €1.1 billion to fund biodiversity conservation starting next year, a government official announced at the ongoing COP29 UN climate summit in Azerbaijan.
Read MoreCOP29: UK commits over £200 mln to support international forest carbon markets
The UK has pledged to commit £239 million in funding to support forest-rich nations worldwide conserve nature and biodiversity through the development of voluntary carbon markets, the government announced on the sidelines of COP29 on Friday.
Read MoreCOP29: North-South alliance with Group of Negative Emitters launched
An alliance of carbon neutral likeminded nations keeps growing at the COP29 UN climate summit, as the group brought the Global North and South together on Thursday.
Read MoreCOP29: Roundup for Day 11 – Nov. 21
It is Day 11 at COP29 in Baku – Nature Day. New texts on climate finance and Article 6 dropped first thing this morning in Baku, with parties and negotiating blocs scrambling to pressers to share their views, as side events at country pavilions begin to wrap up. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
Read MoreCOP29: Norway to join ADB Article 6 carbon fund, pledges $50 mln
Norway will join a fund from the Asian Development Bank (ADB) that seeks to provide carbon finance to developing countries in Asia Pacific to support Article 6 projects, the country announced at COP29 on Wednesday, pledging $50 million to the effort.
Read MoreCOP29: ‘Empty place-holder’ – Countries under pressure to set climate finance goal, amid worry and dismay
The COP29 global climate summit enters its last day on Friday amid widespread frustration surrounding negotiations over a new global climate finance target, as a headline sum is yet to emerge.
Read MoreCOP29: ICVCM underscores Indigenous Peoples protection behind REDD+ decision
The Integrity Council for the Voluntary Carbon Market’s (ICVCM) recent approval of three REDD+ methodologies paid special attention to the environmental and social safeguards of Indigenous and local communities, an ICVCM senior expert said Thursday.
Read MoreCOP29: Business coalition calls for clear commitment to transition away from fossil fuels
More than 260 companies have signed a letter outlining what is needed to expedite the shift away from fossil fuels, urging negotiators to tighten up texts at the COP29 global climate summit, underlining that policy clarity is crucial for private sector support.
Read MoreCOP29: Oil companies lobbying at climate negotiations tied to 17 mln deaths since Paris, NGO says
Fossil fuel companies that have sent lobbyists to COP summits produced enough oil and gas since the 2015 Paris Agreement to cause 17 million heat deaths, according to new analysis released on Thursday.
Read MoreCOP29: Fossil fuels transition dropped from hollowed-out deal on emission reductions
Large, heavy-emitting economies appear to be winning the battle over if and how the COP29 summit should push forward on last year’s landmark commitment to transition away from fossil fuels — raising alarm bells for many in Baku.
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