UPDATE – CORSIA credit tenders launched on behalf of airlines
Two tenders have been published for carbon credits under the UN’s Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) on behalf of Asian airlines searching for 614,000 tonnes of CO2e.
Read MoreResearchers propose independent climate boards modelled on central banks to shield carbon pricing from politics
Governments should delegate control over carbon pricing to independent climate institutions modelled on central banks in order to insulate long-term emissions policy from electoral cycles and provide greater certainty for investors.
Read MoreParis Agreement Article 6 registries on track for year-end launch
The two registries that will operate the Paris Agreement’s Article 6 mechanism will be operational by the end of this year, the UNFCCC said Tuesday.
Read MoreResearchers urge rethink of Paris ‘well below 2C’ target interpretation to avoid ambition drift
Climate researchers have proposed a new way of interpreting the Paris Agreement’s commitment to keep global warming “well below 2C”, arguing that the widely used practice of expressing the target as a probability of staying below the threshold could gradually weaken climate ambition as scientific uncertainty declines.
Read MoreBrazil proposes up to 50 MtCO2e in ITMO transfers through 2031-35 in draft resolution
The Brazilian government has proposed authorising up to 50 million tonnes of CO2e in Internationally Transferred Mitigation Outcomes (ITMOs) for international transfer during 2031-35, according to a draft resolution published on Tuesday.
Read MoreUtilities giant flags water scarcity, waste management as key nature-related business risks under TNFD
A French-headquartered utilities company has identified water withdrawals, resource regeneration, and hazardous waste management as some of its most material nature-related dependencies, impacts, and financial risks in its latest Taskforce on Nature-related Financial Disclosures (TNFD) assessment.
Read MoreVerra signs capacity building agreement with Argentine province, looks to support international transfers
The government of Argentina’s Misiones has signed a memorandum of understanding (MoU) with Verra to strengthen the province’s technical capacity to participate in international carbon markets, following the standard’s recent approval of its landmark jurisdictional forest carbon programme.
Read MoreMajor AI governance frameworks ignore risks to nature
Two influential blueprints for governing Artificial Intelligence cover national security, job security, and human freedom, but fail to address AI’s vast potential to accelerate resource extraction and the destruction of nature, a campaign group said during the UN’s inaugural dialogue on AI governance in Geneva this week.
Read MoreLoss and damage funding gap exposes climate finance tensions ahead of Manila meeting
Underfunding of the Loss and Damage fund risks bleeding into broader UN climate negotiations, hardening developing countries’ reluctance to raise mitigation ambition without matching finance, experts warned ahead of a critical meeting this week.
Read MoreGlobal gas demand sees little impact from Middle East war, as LNG supply bounces back
Global gas demand will only slip marginally this year despite the US and Israel war with Iran, and the impact on LNG supply will be offset by the end of the year, according to the International Energy Agency (IEA).
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