COP29: Thailand to present draft climate change bill to cabinet in December -official
The government of Thailand will submit the draft climate change bill containing provisions for an emissions trading scheme and a carbon tax for cabinet approval by December, but expecting a final bill to be implemented only by 2026, a government official told Carbon Pulse.
Read MoreCLARIFICATION – COP29: Madagascar uses cookstove project to test int’l carbon market legislation, a model which could be replicated, developer says
A voluntary cookstove project in Madagascar is working closely with the national government to act as a test case for its soon-to-be finalised carbon market legislation, which the developer says it is a model they would like to apply to other jurisdictions looking to participate in international crediting markets.
Read MoreIndian regulator releases draft rules for carbon trading on power exchanges
The Central Electricity Regulatory Commission (CERC), regulator of the power sector in India, this week released guidelines for the buying and selling of carbon credit certificates (CCCs) on power exchanges.
Read MoreCOP29: BRIEFING – Philippines to finalise national registry basics by year-end, ready carbon market blueprint by Q2 2025
The Philippines government will finalise the basic work on its national registry by the end of this year and will have a final blueprint for its carbon market framework ready by the end of the second quarter of 2025, the head of the country’s delegation to COP29 in Baku told Carbon Pulse.
Read MoreCOP29: Four carbon negative nations launch G-ZERO forum at the climate summit in Baku
A group of carbon neutral countries including Bhutan, Madagascar, Panama, and Suriname have launched the G-ZERO forum at the COP29 summit in Baku on Tuesday and issued a joint declaration pledging to remain carbon negative “at all times”.
Read MoreCOP29: ‘Terrible’ demand for carbon credits needs fixing, Bhutan PM
The demand for carbon credits in the international voluntary carbon markets is terrible and needs to be fixed, the prime minister of Bhutan said at a panel discussion on the first day of COP29 in Azerbaijan on Monday.
Read MoreIndia’s climate policies predicted to reduce around 4 bln tonnes of CO2 by 2030
India’s current climate policies are already helping bend its long-term emissions curve and will contribute to the world’s third-biggest emitter reducing its GHG output by almost 4 billion tonnes of CO2e by the end of this decade, research published this week has found.
Read MoreIndian developer registers Azerbaijan’s first renewable energy project in voluntary carbon market
India’s largest offset developer has registered a renewable energy project in Azerbaijan, making it the first ever large-scale renewable energy project eligible for generating carbon credits in the COP29 host nation.
Read MoreMethodology rejections at ICVCM are ‘markers for change’, CEO says
The rejection of methodologies by the Integrity Council for the Voluntary Carbon Market (ICVCM) is not a sign that they are not good, but that they need improvement as part of a collective process, the body’s chief executive said on Thursday.
Read MoreIndia open to add more carbon removals technologies to offset mechanism -official
The Indian government is open to bringing more carbon removal technologies under its offset mechanism, an official told Carbon Pulse on the sidelines of a conference Tuesday.
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