SB64: Status quo falls short of Belem biofuels pledge, but policy signals can drive growth -panellists
The status quo will be insufficient to reach a Belem pledge to quadruple the use of sustainable fuels by 2035, but the right policy signals and can help drive growth in the emerging sector, experts said during mid-year UN climate talks.
Read MoreIndia, Japan adopt rules under JCM, paving way for Article 6 projects
India and Japan have adopted the operational rules for their bilateral Joint Crediting Mechanism (JCM), making it India’s first live framework for trading carbon credits under Article 6.2 of the Paris Agreement.
Read MoreSB64: “At least” 14 more projects to receive host party approval by end of month -official
“At least” 14 additional projects, but hopefully more, will receive host party approval (HPA) to transition to Paris Agreement Crediting Mechanism (PACM) from the Clean Development Mechanism (CDM) by the deadline at the end of this month, a UN official said on Tuesday.
Read MoreNet zero CO2 emissions by 2045, fossil fuel phaseout by 2070, can limit warming to 1.5C -study
Global CO2 emissions need to reach net zero by 2045, followed by all GHG emissions around 2060, in order to limit warming to 1.5C in the long run, according to analysis published on Tuesday.
Read MoreNew framework seeks to raise bar for voluntary low-carbon fuel procurement
New guidance published on Tuesday by a carbon management advisory seeks to provide voluntary buyers of low-carbon fuels with a unified framework for assessing quality across a fragmented and rapidly evolving market.
Read MoreArticle 6 implementation advances as bilateral cooperation, PACM continue to grow
Momentum behind the implementation of Article 6 of the Paris Agreement continues to build, according to the latest implementation status update from a partnership tracking the progress of UN carbon markets, with five new bilateral trade agreements inked in the past month.
Read MoreJapanese EV slows, but automaker influence strong in emerging markets, analysis finds
Automotive industry associations in Brazil, Indonesia, and Colombia are adopting the messaging of major Japanese automakers on transport decarbonisation, advocating for the continued use of combustion-powered hybrid vehicles and alternative fuels over electric vehicles (EV), according to a think tank’s analysis.
Read MoreMyanmar cookstove developer defends first PACM carbon credits after calls for suspension
The developer of the first project to earn carbon credits under the UN’s Paris Agreement Crediting Mechanism (PACM) defended a controversial Myanmar cookstove programme, while acknowledging that conflict and security concerns in the Southeast Asian country forced independent auditors to rely on remote verification.
Read MoreChina’s thermal power output rises in May, wind momentum stalls
Power generated by China’s thermal power plants in May expanded 2.1% from a year ago, while momentum in the wind power sector slowed amid unfavourable wind conditions, according to government data released Tuesday.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read More