Around 130 nations appoint Article 6 authorities, as June flurry pushes CDM transition projects with govt approval beyond 400
According to an update from the UNEP Copenhagen Climate Centre, a total 65%, or 129 of 198 countries, have now taken steps towards Paris Agreement Crediting Mechanism (PACM) participation by appointing their Designated National Authorities (DNAs).
Read MoreMalaysia expects to meet over 80% of its biodiversity targets by 2030
Megadiverse Malaysia said it is on track to meet 14 of its 17 Kunming-Montreal Global Biodiversity Framework-aligned national biodiversity targets, but has found progress lacking on finance, capacity building, and protected area goals.
Read MoreBRIEFING: National CO2 taxes could offer new lease of life for phased-out CDM credits
Countries that allow carbon-taxed entities to offset their liabilities with UN Clean Development Mechanism (CDM) credits could absorb some of these phased-out units, even repurposing them to address Paris climate targets or for use against the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreSouth Korea’s steel sector risks CBAM exposure under weak green standard -report
South Korea, the world’s third‑largest steel exporter, faces several bottlenecks in its industrial transition, with a new report warning that its weak green steel standards could leave the sector exposed to risks from global trade rules such as the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreOil and gas companies detail methodology ahead of 2025 emissions results
A group of 12 oil and gas majors has Tuesday published the methodology it will use to report members’ aggregated performance against their collective 2025 carbon and methane intensity ambitions, with the results due in October.
Read MoreBRIEFING: Transition credits remain tough sell in Asia due to perceived risks, entrenched policy frameworks
Transition credits continue to be seen as a risky proposition in Asian countries despite existing methodologies, due to a confluence of factors including government priorities, perceived risks, and a tangled web of policy structures.
Read More“Relationship capital” reigns supreme in the voluntary carbon market -report
In a market flooded with diverse transaction methods, from digital marketplaces and RFP platforms to brokers and exchanges, old-fashioned relationship-building is still the most common way to close a deal, according to a report.Â
Read MoreANALYSIS: CDM projects face uncertain future after transition failure, seek new homes
Hundreds of carbon projects left outside the Paris Agreement’s new crediting mechanism face an uncertain future, with developers weighing a patchwork of options ranging from voluntary markets and domestic compliance schemes to simply shutting down ageing programmes.
Read MoreCN Markets: CEAs stay above RMB 85, trading volumes jump
Prices in China’s emissions market climbed to the RMB 85 ($12.51) level this past week with robust trading activity, while CCER prices fluctuated significantly amid the limited credit issuance.Â
Read MoreWeak demand signals persist across Asia-Pacific CORSIA market
While Japan and Singapore are currently leading the procurement of CORSIA-eligible credits, demand signals across the broader Asia-Pacific region remain relatively weak, according to a conference panel on Thursday.
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