Nearly 100 countries submit DNAs to UN as Article 6 implementation gathers pace

Published 14:02 on December 24, 2024  /  Last updated at 14:02 on December 24, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6

Nearly 100 countries have now submitted their Designated National Authority (DNA) under Article 6.4 to the UNFCCC, indicating growing interest in carbon market participation following the breakthrough on international carbon markets at COP29 in Baku.

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LATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes

Published 16:04 on December 20, 2024  /  Last updated at 16:04 on December 20, 2024  / /  Americas, Aviation/CORSIA, Carbon Taxes, Climate Talks, International, Mexico, Nature-based, Paris Article 6, South & Central, Voluntary

Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.

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FEATURE: Social acceptance of the Green Deal at a minimum endangers EU ETS2

Published 16:21 on December 19, 2024  /  Last updated at 16:52 on December 19, 2024  / /  Climate Talks, EMEA, EU ETS, International

The second chapter of the EU’s Emissions Trading System risks being delayed and watered down if governments leverage certain clauses aimed at protecting vulnerable people, as political clashes within the bloc continue to undermine the reputation and very existence of the European Green Deal.

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UN cancels tender to build centralised Article 6 registry system

Published 23:30 on December 18, 2024  /  Last updated at 23:30 on December 18, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Paris Article 6, Voluntary

A UN tender to build a centralised registry system for carbon trading under Article 6 of the Paris Agreement has been cancelled, Carbon Pulse has learned, though an interim solution is expected to be operational by year’s end.

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PNG governor proposes rainforest nation summit ahead of COP30

Published 12:23 on December 16, 2024  /  Last updated at 12:23 on December 16, 2024  / /  Asia Pacific, Climate Talks, International, Nature-based, Other APAC

Rainforest nations should meet for a summit in Papua New Guinea ahead of next year’s COP30 in Brazil, set to be a crucial event for nature, according to a PNG governor.

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FEATURE: Carbon markets will almost certainly be counted towards climate finance goal, even without specific mention

Published 05:01 on December 13, 2024  /  Last updated at 20:53 on December 12, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6, Voluntary

The money flowing into international carbon markets could be counted in future tallies of global climate finance — although the lack of a specific mention in the final agreement on a new global goal at COP29 means that the extent to which this happens, and how trust in the market is ensured, is largely up in the air. 

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ANALYSIS: Forest carbon credits may find a home in Article 6

Published 09:44 on December 12, 2024  /  Last updated at 09:44 on December 12, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary

Forestry carbon credits, including from REDD and ARR reforestation sectors, now have the green light to scale via Paris Agreement carbon markets, following last month’s historic decision at COP29, but the exact methodologies that will be used, and strength of demand, remain uncertain.

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Govt climate advisors urge UK to make new Paris Agreement pledge credible

Published 00:01 on December 11, 2024  /  Last updated at 17:13 on December 9, 2024  / /  Climate Talks, EMEA, International

The UK needs to make its ambitious emissions reduction targets credible by closing the “domestic delivery gaps” and speeding up the roll-out of clean transport, home heating, and tree planting, the government’s independent climate advisory body said on Wednesday.

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FEATURE: Carbon market experts see huge potential for crediting SF6 emissions mitigation from grid expansion

Published 11:28 on December 10, 2024  /  Last updated at 11:28 on December 10, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6, Voluntary

Market experts see significant potential in crediting the reduction of sulphur hexafluoride (SF6) emissions linked to grid expansion in the power sector and the clean energy transition, with a German government-backed initiative also looking at the role of carbon finance in the relatively untapped field of mitigation.

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Saudi Arabia offers Kenya $8 per carbon credit in COP16 VCM deal -media

Published 13:18 on December 9, 2024  /  Last updated at 13:18 on December 9, 2024  / /  Africa, Climate Talks, EMEA, International, Middle East, Voluntary

Saudi officials and private sector players are open to buying carbon credits from Kenya in a voluntary market (VCM) deal at $8 per tonne, according to statements made on the sidelines of the UN Convention to Combat Desertification (UNCCD) COP16 conference in Riyadh last week.

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