UNOC: Momentum carries summit to edge of High Seas Treaty success
The UN Ocean Conference (UNOC) in Nice brought the High Seas Treaty within reach of becoming operational, with stakeholders saying the event fell short of what was needed while bringing significant momentum.
Read MoreNew AI framework could help fill scenario gaps in climate policy planning -report
A deep learning framework could offer a rapid method with low computational cost to generate thousands of “synthetic” climate mitigation scenarios aligned with IPCC categories, research released Friday has found.
Read MoreSeven countries picked for $1 bln industry decarbonisation programme
A $1 billion concessional finance initiative to decarbonise industry in emerging economies has chosen its first country participants, it announced in a release Friday.
Read MoreResearchers caution against voluntary biodiversity credit market in New Zealand
A research institute in New Zealand has released a policy brief highlighting major challenges in developing a high-integrity voluntary biodiversity credit market in the country, with demand uncertainty seen as one of the most significant.
Read MoreUNOC: Pacific Islands announce world’s largest Indigenous-led ocean reserve
The governments of Vanuatu and the Solomon Islands have announced plans to set up the world’s largest Indigenous-led ocean reserve, with Papua New Guinea and New Caledonia ready to join the initiative.
Read MorePakistan greenlights “transaction-ready” carbon project for international trading
The government of Pakistan has granted approval to the country’s third carbon offset project for trading credits under Article 6.2 of the Paris Agreement.
Read MoreCOMMENT: Beyond Carbon – A Certification Co-designed with Indigenous Peoples and Local Communities
The draft “Beyond Carbon Benefits” certification under the Architecture for REDD+ Transactions marks a major shift in carbon markets by integrating social, cultural, biodiversity, and forest service co-benefits – co-designed with Indigenous Peoples and Local Communities (IPLC) – to ensure REDD+ initiatives are more equitable, inclusive, and effective beyond carbon accounting alone. Representatives from IPLC organisations explain why they chose to co-lead the design of a new certification, and how they think it represents a shift, both in terms of how forests are valued, and also how market instruments are designed.
Read MoreBRIEFING: Host country capacity building now the focus, as Article 6 shifts to implementation
While Article 6 implementation has gathered pace in the months since last November’s historic COP29 decision, there is still a lot of work to be done, particularly in capacity building across host countries, many of which still need to finalise key carbon markets regulation before they are “open for business”.
Read MoreID Market: Trading inches up in May amid suspension on international deals
Indonesia’s carbon market recorded a moderate increase in activity during May, with trading volumes recovering from April’s lows, though international transactions remained absent due to the ongoing government moratorium.
Read MoreCN Markets: CEA prices rebound to RMB 70, though analysts say rebound set to be muted
Permit prices in China’s national CO2 emissions market saw a modest recovery over the past week with improved liquidity, though analysts remained cautious about the near-term price outlook.
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