COP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreCOP29: ‘Empty place-holder’ – Countries under pressure to set climate finance goal, amid worry and dismay
The COP29 global climate summit enters its last day on Friday amid widespread frustration surrounding negotiations over a new global climate finance target, as a headline sum is yet to emerge.
Read MoreDeveloping new oil and gas fields can help cut emissions, Wood Mackenzie argues
New oil and gas fields are less carbon-intensive than old ones because they use state-of-the-art technology, providing significant decarbonisation gains, consultancy Wood Mackenzie said in a new report published on Thursday.
Read MoreGhana Article 6.2 cookstoves project accused of over-crediting by non-profit
A Swiss NGO has alleged that a clean cooking project developed under a bilateral agreement between Ghana and Switzerland is using assumptions that inflate issuances of credits generated under Article 6.2 of the Paris Agreement, known as Internationally Transferred Mitigation Outcomes (ITMOs).
Read MoreCOP29: Fossil fuels transition dropped from hollowed-out deal on emission reductions
Large, heavy-emitting economies appear to be winning the battle over if and how the COP29 summit should push forward on last year’s landmark commitment to transition away from fossil fuels — raising alarm bells for many in Baku.
Read MoreInternational law firm buys water, carbon units from project in Egypt
An international law firm has purchased a batch of natural capital units generated through a regenerative agriculture project in Egypt, Carbon Pulse has learned.
Read MoreGreen Climate Fund backs African landscape-level regenerative agriculture facility
Climate Asset Management is set to develop a strategy for accelerating regenerative agricultural practices at landscape scale in Sub-Saharan Africa, with advice from Pollination, following a grant from the UN Green Climate Fund (GCF).
Read MoreEarly intervention can halve forest risks if investors look beyond carbon credits -report
Early intervention can mitigate half of risks in forest investments, but stakeholders must look beyond carbon credits and address broader challenges like land rights, community engagement, and governance, according to a new report.
Read MoreCOP29: US foundation invests $10.9 mln in African energy transition solutions
A US philanthropic foundation will invest $10.9 million to advance African-led clean energy solutions, the organisation announced at COP29.
Read MoreINTERVIEW: Waiting for the biodiversity market to take shape
The plethora of biodiversity crediting standards that have emerged over the past couple of years will be narrowed down to just a few once the market takes off – whenever that may be.
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