SB62: Brazil COP30 presidency urges implementation in push against negotiations overload
Countries don’t necessarily need more negotiations to act, the Brazilian COP30 presidency said during a press conference at the Bonn intersessional climate talks, pushing parties to implement their prior climate commitments in its latest letter to the public.
Read MoreSB62: Commitments to $1.3 trillion in climate finance may not come to fruition, experts warn
Governments, experts, and campaigners are struggling to see how countries will achieve the broader $1.3 trillion climate finance goal they agreed last November, as emotions continue to run high over proposed funding for climate-vulnerable countries at the Bonn intersessional climate talks.
Read MoreSB62: Article 6.4 Supervisory Body rules leave “missed opportunities” -market experts
The UN’s new rules underpinning carbon market trading through Article 6.4 are welcome, but could be stronger, carbon market experts in Bonn said on Wednesday – while one of the authors of the rules called them “radical” and “clear”.
Read MoreGreenpeace proposes COP30 to launch forest action plan under UNFCCC to implement 2030 deforestation goal
Greenpeace launched on Tuesday a proposal for COP30 featuring an implementation-focused solution under the UNFCCC that would enable the world to act to halt and reverse deforestation and forest degradation by 2030.
Read MoreFEATURE: EU should look to Canada’s carbon pricing struggles for lessons in how to ease ETS2 launch
The rise and fall of Canada’s carbon charge and rebate to households provides lessons learned for EU policymakers in advance of a similar carbon market for heating and transport fuels, policy experts tell Carbon Pulse.
Read MoreSB62: First day of Bonn talks derailed by fight over border carbon fees
Climate negotiations have yet to formally begin in Bonn, after talks on the first day were held up by an agenda fight that hinged on unilateral border carbon fees, observers told Carbon Pulse on Monday evening.
Read MoreSB62: Countries urged to step up Article 6 implementation in new Paris commitments
Investment in UN-backed carbon markets is held up by current national climate targets, which often only go to 2030 and lack the detail needed to mobilise private sector participation, according to experts speaking at the international Bonn climate summit.
Read MoreSB62: Emerging Article 6 host countries to advance on carbon market regulations in coming months
An African and an Asian nation each anticipate key milestones by year-end regarding national carbon market regulations, ultimately supporting their on-ramp to participation under the Paris Agreement’s Article 6, country officials told Carbon Pulse on Monday.
Read MoreAddress global climate finance failures with taxation, advocacy group argues
Tax revenues offer a sovereign and reliable means of financing climate action amid nations’ failures to meet financial targets since COP19 in 2009, according to a report published Monday.
Read MoreUS Senate committee proposes to repeal nearly $300 bln in loan guarantees for climate projects
Republicans in the US Senate have proposed to rescind any unobligated balances and repeal billions of dollars in loan funding for emissions reductions projects, according to a committee budget text published Wednesday, as Congress works towards completion of the fiscal reconciliation package.
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