FEATURE: G20, not COP29, key to meeting global climate finance needs

Published 18:40 on April 19, 2024  /  Last updated at 19:38 on April 19, 2024  / Alejandra Padin-Dujon /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, South & Central

International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.

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ANALYSIS: Experts cautious on proposed EU methodologies to certify carbon removals

Published 06:41 on April 18, 2024  /  Last updated at 17:52 on April 18, 2024  / Alejandra Padin-Dujon /  EMEA, International, Nature-based, Voluntary

Experts expressed mixed views on the European Commission’s proposed methodologies to certify different types of carbon removal activities under the EU’s Carbon Removals Certification Framework (CRCF), with some observers welcoming bold elements of the proposals and others criticising them on structural or methodological grounds.

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UN Secretary-General calls for fossil fuel phaseout

Published 20:30 on April 17, 2024  /  Last updated at 19:35 on April 16, 2024  / Alejandra Padin-Dujon /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Middle East

UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.

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FEATURE: Exchanges, futures traders, regulators divided over how to make voluntary carbon prices transparent

Published 15:50 on April 16, 2024  /  Last updated at 17:29 on April 19, 2024  / Alejandra Padin-Dujon /  Africa, Americas, Asia Pacific, EMEA, Voluntary

The prospect of public pricing in the voluntary carbon market (VCM), potentially spurred by looming disclosure requirements, is provoking a range of reactions from market participants hinging on appetite for regulation, favourability toward transparency, and financial stake, experts have told Carbon Pulse.

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Carbon reporting standard for financial sector launches chapter in Brazil

Published 12:06 on April 16, 2024  /  Last updated at 12:07 on April 16, 2024  / Alejandra Padin-Dujon /  Americas, International, South & Central, Voluntary

An industry-led carbon accounting programme for financial institutions has teamed up with two of Brazil’s largest banks to promote measurement and disclosure of emissions from the Brazilian financial sector, according to an announcement Tuesday.

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Foreign exploitation driving fossil fuel exports in developing countries, say NGOs

Published 19:12 on April 15, 2024  /  Last updated at 19:12 on April 15, 2024  / Alejandra Padin-Dujon /  Africa, Americas, Asia Pacific, CBAM, Climate Talks, EMEA, International, Middle East, Other APAC, Paris Article 6, South & Central

Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.

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Debt swaps could funnel more than $100 bln to nature and climate, says NGO

Published 01:01 on April 15, 2024  /  Last updated at 19:03 on April 12, 2024  / Alejandra Padin-Dujon /  Americas, Asia Pacific, EMEA, International, Nature-based, South & Central, Voluntary

Debt-for-nature and debt-for-climate swaps could free up more than $100 billion to spend on restoring nature and climate mitigation and adaptation, according to updated analysis based on a 2022 report by the UK-based International Institute for Environment and Development (IIED).

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International Tax Task Force on climate finance to host first gathering at IMF-World Bank Spring Meetings

Published 17:07 on April 12, 2024  /  Last updated at 12:41 on April 15, 2024  / Alejandra Padin-Dujon /  Americas, Asia Pacific, Climate Talks, EMEA, International, Shipping

The International Tax Task Force, an intergovernmental alliance promoting taxation to increase climate and nature finance flows, will meet for the first time and gain new members at the Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington next week.

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Dominican Republic formally commits to protecting 30% of waters

Published 14:50 on April 12, 2024  /  Last updated at 15:00 on April 12, 2024  / Alejandra Padin-Dujon /  Americas, Biodiversity, International

The Dominican Republic has formally committed to protecting at least 30% of its waters, fulfilling part of its commitment under the Kunming-Montreal Global Biodiversity Framework (GBF).

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Argentina removes all mention of ETS, carbon emissions, renewables from ‘Omnibus Law’

Published 14:09 on April 12, 2024  /  Last updated at 14:25 on April 12, 2024  / Alejandra Padin-Dujon /  Americas, Nature-based, South & Central, Voluntary

The Milei administration in Argentina has removed details on carbon emissions, renewable energy, and a proposed ETS from its far-reaching ‘Omnibus Law’, in the latest episode of the reform bill saga, which began in late December.

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