COP30: BRIEFING – India pushes for more climate finance as pressure mounts over missing NDC
As the COP30 climate summit in Belem heads into its second week, India is seeking progress on climate finance, adaptation, and more loss and damage funding, even as calls for its overdue national climate pledge for 2035 grow louder.
Read MoreCOP30: Voluntary carbon firm signs agreement to buy credits from Indonesian forest project
A Swiss climate consultancy and carbon investor on Monday signed a letter of intent (LoI) for a credit offtake agreement with an Indonesian project developer at the COP30 climate summit in Belem.
Read MoreCOP30: Ghana proposing new revenue distribution model for Article 6 proceeds -official
Ghana has proposed a new revenue-sharing framework to channel 5% of proceeds from Article 6 transactions into climate action, green industry support, and government administration, according to a senior environment official.
Read MoreEU will reject India’s request for CBAM exemption -media
The European Union is preparing to turn down India’s push for an exemption from the bloc’s incoming carbon border levy next year, which could complicate efforts to conclude a free-trade agreement between the two economies.
Read MoreCOP30: Higher integrity standards pushing up costs, cookstove developers say
The cost of deploying clean cooking projects has jumped as developers face tougher monitoring requirements and slower investment flows, cookstove developers said at a COP30 side-event in Belem on Saturday, warning the sector risks being priced out of climate finance.
Read MoreCOP30: Indonesia eyes first international ‘roadshow’ for forest credits before year-end
Indonesia plans to launch an international roadshow to showcase its forestry credits to potential investors and buyers before the end of the year, a senior forestry official told Carbon Pulse, in a move that he said could operationalise the export of the country’s offsets.
Read MoreCOP30: Developer reports oversubscription for eligible credits as compliance drives demand
Demand for carbon credits that qualify under emerging compliance schemes is outpacing limited supply, putting pressure on the voluntary market as countries ramp up Paris Agreement Article 6 activity, according to a project developer.
Read MoreIndian ERW developer delivers first tranche of credits to Japanese shipping giant
An India-based enhanced rock weathering (ERW) start-up on Saturday claimed to have issued Asia’s largest batch of ERW removal credits to a Japanese shipping major.
Read MoreCOP30: CDR credits emerging as key financing lever to scale CCUS, experts say
Carbon removal (CDR) credits are becoming a vital financial lever for deploying carbon capture, utilisation, and storage (CCUS) projects in economies that lack robust carbon pricing mechanisms or public subsidies, industry experts said Friday.
Read MoreCOP30: Duelling ASEAN carbon market frameworks pitch similar end goals
Two blueprints vying to unite Southeast Asian countries under a common carbon market framework on Thursday pitched near-identical endgames while insisting their approach is most ideal to turn nature and tech projects in the region into bankable, high-integrity carbon credits.
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