COP29: CDM negotiations a mess as Article 6 forwarded to second week
The SBSTA UN advisory body has laid out final exit protocols for the Kyoto-era Clean Development Mechanism (CDM), predecessor to the Paris Agreement Crediting Mechanism (PACM), at COP29 in a draft text.
Read MoreCOP29: INTERVIEW – Morocco readies Article 6 framework, expects ITMO offtakes in 2025
Morocco will launch and implement an Article 6 framework in the coming months, culminating in offtake agreements involving millions of Internationally Transferred Mitigation Outcomes (ITMOs), according to a government advisor speaking to Carbon Pulse on the sidelines of COP29 in Baku.
Read MoreBolivia continues carbon markets U-turn, links up with US-based firm for baselining help
Bolivia’s about-face on carbon markets continued this week as the government teamed up with a US-based environmental data platform for help measuring carbon stocks and emissions, aiming to unlock the country’s domestic offering.
Read MoreCOP29: Back on track – New Article 6 text opens door to finalising trade rules in Baku
A new Article 6 text published Friday after a late night of work in Baku has put talks on finalising international carbon trade rules firmly back on track, according to sources close to the negotiations, following a nervy reaction to a chaotic, 43-page previous draft.
Read MoreCOP29: Brazil’s Para state to launch call for forest concession tenders
The government of Para state in Brazil is expected this Friday to launch a long-awaited call for tenders to take on an ecological restoration-oriented forest concession, which will generate carbon credits from the reforestation process.
Read MoreCOP29: Ghana Article 6 activities mobilise $800 mln, says president
Ghana has mobilised $800 million by hosting carbon projects through Article 6.2 of the Paris Agreement, President Nana Akufo-Addo revealed at COP29, precipitating emissions cuts through bilateral agreements with primarily European buyer countries.
Read MoreChile’s decarbonisation plan lays out carbon pricing, battery measures for public input
Chile has this week launched a public consultation for a national decarbonisation plan with action items tied explicitly to its ETS and carbon tax plans, and attracting investment in battery storage.
Read MoreBrazil’s Senate overcomes long-standing impasse, approves national ETS legislation
Brazil’s Senate voted Wednesday to approve landmark national ETS legislation, overcoming a year of negotiations to pass a cap-and-trade scheme set to be the largest in Latin America.
Read MorePeru launches registry rules for Article 6, voluntary carbon market
The Peruvian government on Tuesday published regulations to launch and operationalise its long-awaited national carbon registry.
Read MoreCOP29: Carbon pricing, global financial overhaul needed for climate justice -Barbados
The government of Barbados, an outspoken voice advocating global financial reform at the so-called ‘finance COP’, has called for integrating carbon pricing into climate justice to support historically marginalised, climate-vulnerable developing countries.
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