COP29: US agriculture department to invest $7.7 bln in conservation programmes in 2025
The US Department of Agriculture (USDA) will provide $7.7 billion for its various conservation programmes in the 2025 fiscal year, the country’s agriculture secretary said Tuesday at COP29, expressing confidence that such initiatives will continue with the upcoming change of presidential administration.
Read MoreCOP29: War causes 6% of global emissions, but is almost ignored by UN -research
Military conflicts account for around 5.5% of global emissions, yet countries are not obliged to report them under the UN climate body’s framework, research bodies highlighted at the COP29 climate summit in Baku, Azerbaijan.
Read MoreGold Standard credit issuance data added to Climate Action Data Trust platform
Project and credit data from Gold Standard will be available on the Climate Action Data Trust (CAD) platform by the end of the year, it was announced Tuesday.
Read MoreNorway commits $60 mln to Amazon Fund
The Norwegian government has pledged an additional NOK 670 million ($60 mln) to the Amazon Fund to help conserve the rainforest region, it announced on the sidelines of the G20 summit in Brazil.
Read MoreCOP29: Clean tech tariffs risk triggering ‘backlash’, UN agency warns
The imposition of tariffs and regulatory barriers on clean technologies may initially benefit countries wanting to protect nascent industries from competition, but they will backfire in the long run and ultimately hurt consumers, warned a senior official at UN Trade and Development (UNCTAD).
Read MoreCOP29: G20 endorses broad climate finance, but fails to provide clarity on NCQG
The G20 reaffirmed a broad commitment to climate finance efforts in a communique following the conclusion of its summit in Brazil, but observers say more is needed from the world’s wealthiest countries to adequately address climate change globally.
Read MoreCOP29: BRIEFING – UN “on cusp” of first Article 6 carbon credit issuances
Thousands of projects have already applied to transition to the new Paris Agreement carbon crediting mechanism and hundreds of proponents have signalled interest in developing new activities, and with interim UN registry infrastructure to be ready in a few weeks, the first issuances can be processed in early 2025, according to experts.
Read MoreCOP29: Corporates call for carbon pricing certainty to decarbonise heavy industry
Heavy-emitting industries point to carbon capture and storage (CCS) as essential to achieve emissions reductions, but the current ecosystem of global carbon pricing measures remains insufficient for scale-up, corporates said on the sidelines of the COP29 global climate summit in Baku, Azerbaijan.
Read MoreCalifornia natural gas emissions spike in 2023 under cap-and-trade programme
Emissions from gas supplied rose year-on-year in 2023, even as overall GHG output under the California cap-and-trade programme continued a declining trend led by transportation, power, and industry sectors, according to data from the regulator.
Read MoreWashington clarifies timeline for cap-and-invest changes after linkage bill takes effect
Washington state’s Department of Ecology (ECY) on Monday highlighted upcoming cap-and-trade changes as a linkage bill takes effect beginning 2025, including an increase in allowance purchase limit at the quarterly auctions, offsets, and electricity imports.
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