COP29: UK gains ground in latest climate change performance index, but no countries on track for 1.5C
The UK achieved the largest rise in annual rankings of countries’ climate change performance, published Wednesday, but no nations are on a 1.5C-aligned pathway despite the strong global growth of renewables.
Read MoreCOP29: Correspondingly adjusted carbon credits trading at $7-22, says market analytics firm
Article 6.2 or CORSIA-eligible carbon credits are currently trading in the $7-22 range, with prices expected to peak in 2027 and stabilise by 2030, according to a market specialist speaking to Carbon Pulse on the sidelines of COP29.
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: BRIEFING – Experts see rising chance of US CBAM, along with international challenges
There is an increasingly strong likelihood that the US will implement a carbon border adjustment mechanism (CBAM), but such a policy would likely come with challenges on the international level, according to experts speaking at COP29.
Read MoreCOP29: Countries urge global ban on new unabated coal
Some 25 countries, as well as the EU, have urged the rest of the world to stop new unabated coal investment for use in energy systems.
Read MoreCOP29: Global organisations call on countries to raise ambition on nature under climate finance deal
A group of 68 global NGOs, business coalitions, companies, and Indigenous Peoples organisations has called for COP29 parties to recognise nature’s role in addressing the climate crisis within negotiations on the New Collective Quantified Goal (NCQG).
Read MoreCOP29: Azerbaijan urges ministers to bridge differences in last stretch of talks
Azerbaijan’s COP29 presidency has urged ministers to speed up their negotiations on the new global climate finance goal and next steps for cutting greenhouse gas emissions, as major sticking points persist in the final days of the summit.
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 MoreBrazil’s lower chamber reapproves landmark national cap-and-trade legislation, sends to President Lula for signing
Brazil’s Chamber of Deputies passed on Tuesday evening landmark legislation to establish a nationwide ETS, as the historic proposal for what would be the largest compliance carbon market in Latin America rolls onwards towards full approval.
Read MoreNebraska sues truck manufacturers for backing California’s EV rules
Nebraska’s Attorney General (AG) alongside two industry groups on Tuesday filed an antitrust lawsuit against several US heavy-duty truck makers, alleging that their agreement with California to advance clean transition in the trucking sector is “nakedly anti-competitive”.
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