NACW25: Experts grapple with role for US subnationals, corporates at COP30
The US withdrawal from the Paris Agreement opens a strategic opportunity for American businesses and states to advocate for carbon markets and climate finance at COP30, but experts described a murky path forward on Wednesday.
Read MoreIndonesia has seen $1.1 bln allocated through JETP, ministry says
Indonesia has received $1.1 billion in international funding via the Just Energy Transition Partnership (JETP), a ministerial update said Monday, as the government stressed the US’s withdrawal would not affect other countries’ commitment to the initiative.
Read MoreEU’s 2040 climate target still due by end of March, followed by NDC in Q2
The European Commission denied reports that its 2040 target proposal could be delayed into the second quarter, rectifying statements from its vice-president Teresa Ribera who suggested in an interview that the initiative would be postponed.
Read MoreCoalition releases recommendations to reverse forest loss ahead of COP30 climate summit
A group of civil society and research organisations has issued recommendations for governments to reverse forest loss ahead of the COP30 UN climate summit in November.
Read MoreGlobal shipping stakeholders not expecting major breakthroughs at IMO’s April meeting
An upcoming meeting at the UN’s International Maritime Organization’s (IMO) is expected to yield small incremental gains rather than a finalised set of policies, said several industry stakeholders.
Read MoreNet-Zero Banking Alliance in talks to raise warming target above 2C, says former member
The world’s largest alliance of net zero-committed banks is considering rolling back its mitigation target to just above 2C, from 1.5C at present, a former member said at an event in New York on Monday.
Read MoreUPDATE – Road to Belem: Highway project to COP30 cuts through Amazon, as Brazil’s Atlantic Forest sees “alarming” illegal deforestation
A new 13-km (8-mile) four-lane highway being built through Amazon rainforest on the perimeter of Brazil’s Belem, a throughway reported to be aimed at accommodating visitors for this year’s COP30, is not part of the 33 federal infrastructure projects planned for the climate summit to be held later this year.
Read MoreForest non-profit to build capacity for Indigenous-led Brazilian carbon finance strategy
A US-based international forest non-profit has announced a partnership with Brazil’s Ministry of Indigenous Peoples to support conservation, governance, and forest economies in Indigenous lands across Brazil.
Read MoreCERAWeek: COPs due to enter ‘another phase’ in Belem, Article 6 awaits -experts
The function of COPs in the coming decade will evolve away from focusing on energy transition and towards adaptation and loss and damage financing, while Article 6 trading is expected to play a bigger role following last year’s historic deal, experts said Monday during CERAWeek.
Read MoreLATAM Roundup: The ‘forestry COP’ in full swing
The incoming Brazilian COP30 presidency is promoting initiatives and agendas to reduce deforestation and forest degradation – as Brazilian agriculture, forestry, and land use (AFOLU) projects dominated Verra’s Latin American voluntary carbon market (VCM) retirements for the week of Mar. 3-9.
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