COP30: Indonesia and Norway sign Article 6.2 deal for renewable energy credits
Indonesia and Norway on Thursday signed a “mutual expression of intent” that paves the way for Norway to buy carbon credits from Indonesia’s grid-connected renewable energy projects under Article 6.2 of the Paris Agreement.
Read MoreCOP30: New 2035 NDCs fail to ‘move the needle’ for 1.5C pathway, says report
Global ambition to limit warming below 1.5C has barely shifted, despite a new round of 2035 Nationally Determined Contributions (NDCs), with projections remaining roughly unchanged at 2.6C of warming by end of the century, according to a new report launched at COP30.
Read MoreGGGI-backed programme invites Article 6 carbon project proposals in Thailand
A UN-supported initiative last week invited developers to submit project ideas that could generate international carbon credits under the Paris Agreement’s Article 6 mechanism in Thailand.
Read MoreCOP30: High verification costs and policy gaps holding back marine carbon removal
Turning marine carbon dioxide removal (mCDR) into a reliable source of carbon credits will require far more rigorous science and costly monitoring, scientists said Tuesday.
Read MoreCOP30: China snubs Brazil’s tropical forest fund as talks with India stall -media
China has declined to invest in Brazil’s Tropical Forest Forever Facility (TFFF), while talks with India have faltered, dealing a blow to the recently launched conservation fund aimed at protecting global forests, according to media reports.
Read MoreSingapore appoints trio of carbon ratings firms to bolster integrity checks
Singapore’s National Environment Agency (NEA) on Friday appointed three carbon rating service providers to help assess the integrity of units issued under its International Carbon Credit (ICC) framework.
Read MoreID Market: Volumes halve in October as demand stalls
Trading on Indonesia’s carbon exchange fell again in October as negotiated deals dried up and activity remained thin across other segments, showcasing the market’s struggle amid limited demand.
Read MoreCOP30: ICVCM to launch Indigenous engagement strategy as pressure mounts for safeguards
The Integrity Council for the Voluntary Carbon Market (ICVCM) will use the COP30 summit next week to showcase a new Indigenous-led strategy aimed at reshaping how carbon projects engage with local communities, sources told Carbon Pulse.
Read MoreOversupply hits Indonesia coal profits as China, India cut imports
A global oversupply driven partially by Indonesia’s rapid coal expansion in recent years now risks straining government coffers and company profits at a time when demand is projected to fall, according to a report released Wednesday.
Read MoreCOP30: Indonesia lines up 40 carbon projects, targets 90 mln credits for sale
Indonesia will offer 40 carbon projects worth more than 90 million credits at COP30, offering a mix of forestry, energy, and waste-sector activities, as it looks to the UN climate summit in Belem to generate interest in its recently reopened carbon market.
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