COP26: Egypt, UAE confirmed as next UN climate summit hosts
Egypt was confirmed as the next host of the UN climate summit for late 2022, with the United Arab Emirates selected to host the meeting for the following year, current COP26 President Alok Sharma announced on Thursday.
Read MoreCOP26: ‘Game-changing’ China-US declaration promises work on near-term GHG curbs
China and the US pledged stronger cooperation to curb CO2 and methane emissions in the 2020s in a joint statement late on Wednesday, a move some experts said drastically boosted the chances of a good COP26 deal in Glasgow and more climate ambition within the next few years.
Read MoreCEZ reports coal output cut as puts asset sale on hold
Czech utility CEZ saw its coal power output drop 18% over the first nine months of 2021 amid asset divestments, the company said on Tuesday, though it halted the sale of its Polish assets.
Read MoreCOP26: VCM market diverges on demand for ‘Paris-adjusted’ carbon credits
The voluntary carbon market has varied views over demand for correspondingly adjusted carbon credits, though many only expect limited take-up from a minority of corporate buyers seeking high quality units.
Read MoreCOP26: Germany puts up €10 mln to start buying credits under new Paris market mechanism
Germany said on Tuesday that it will spend €10 million to buy carbon credits under the new Paris Agreement carbon market mechanism once Article 6.4 rules are agreed.
Read MoreCOP26: North, Latin American governments reboot alliance to forge closer ties on carbon pricing
Twelve North and Latin American national and sub-national governments on Monday signed a new declaration promising to boost their carbon pricing integration, rebooting an existing framework with smaller jurisdictions keen to learn more.
Read MoreUniper’s capped European emissions rise 38% amid energy price surge, while Enel also ups fossil generation
Germany-based utility Uniper saw its ETS-covered emissions surge during Q3 as some of its coal facilities powered up, while Italy’s Enel reported less of a rise in its fossil-fuel fired-generation.
Read MoreUPDATE – Major London-based exchanges make first foray into voluntary carbon market
Two major London-based exchanges have announced plans to launch products that will give buyers access to the fast-growing voluntary carbon market.
Read MoreCOP26: Article 6 emissions trade awaits breakthroughs as new text ordered
UN negotiations to finalise a Paris Agreement Article 6 rulebook on international emissions trade ploughed on through Wednesday, with officials ordering a second text to be crafted overnight.
Read MoreCOP26: Roundup for Day 3 – Nov. 3
With heads of state now largely gone, day 3 of COP26 in Glasgow turns its attention to finance while officials get busy in closed-session technical negotiations.
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