UPDATE- COP24: Voluntary carbon market explores new claims models for Paris transition era -ICROA
Voluntary market developers are exploring several new options for how to make emission reduction claims in host countries once the Paris Agreement begins and until trade rules are clear, industry group ICROA said Friday.
Read MoreCOP24: Asian Development Bank launches ITMO pilot support for SE Asia
The Asian Development Bank (ADB) has teamed up with Germany and Sweden to launch a new facility to support Southeast Asian nations develop ITMO pilot projects for Paris-era international emission trade.
Read MoreECOSYSTEM MARKETPLACE: In Katowice, indigenous leaders call for wider uptake of REDD+
“RIA lives!” said Peruvian indigenous leader Fermín Chimatani Tayori, referring to a private-public partnership called “Amazon Indigenous REDD+”, an eight-year effort to develop protocols and projects that use carbon finance to support indigenous development plans called “Life Plans” (Planes de Vida).
Read MoreCOP24: Article 6 text slashed in half as UN talks begin in earnest
Negotiators substantially cut down the draft text of the Paris Agreement’s Article 6 concerning international emissions trading on Wednesday, though sources said much work remains over the next week-and-a-half of UN talks in Katowice.
Read MoreCOP24: Companies, business groups band together to avoid double counting in carbon markets
Some 40 companies, business group, and environmental organisations on Wednesday released the ‘Katowice Declaration on Sound Carbon Accounting’ to avoid double counting of emission cuts in carbon markets set up under the Paris Agreement and ICAO.
Read MoreCOP24: ICAO dodges CORSIA offset decisions as EU aims to keep options open
UN aviation body ICAO has once again postponed decisions on eligible credits and cleaner fuels under its CORSIA global offsetting mechanism, miring it in further uncertainty as the EU takes steps to safeguard its ability to continue regulating flight emissions.
Read MoreCOP24: UN secretary-general details 2019 summit to raise climate ambition
The UN has identified six action areas with a high potential to drive GHG reductions and resilience as it encourages countries to bump up their Paris Agreement targets at a New York conference next September, Secretary-General Antonio Guterres announced on Tuesday.
Read MoreCOP24: More than 70 entities join German initiative to offset emissions
More than 70 German companies, governments, and NGOs have joined a voluntary initiative launched by the German government to buy carbon credits on their way to carbon neutrality.
Read MoreCOP24: Caving to investor pressure, Shell to set out interim climate targets
Royal Dutch Shell will implement short-term emission reduction goals amid increasing investor pressure, it announced Monday, supplementing its longer-term targets as the oil major factors takes into account global climate progress and other internal activities.
Read MoreCOP24: World Bank to double climate spending to $200 bln over five years
The World Bank Group will double its climate spending to $40 billion per year over 2021-2025, it said Monday, with funding renewable energy and creating markets for climate business among its priorities.
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