EU breaks deadlock on Energy Charter Treaty exit

Published 18:03 on March 1, 2024  /  Last updated at 08:58 on March 2, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, EU ETS, International

The EU has broken the deadlock on its plans for a coordinated withdrawal from the Energy Charter Treaty (ECT), an international trade agreement denounced by climate activists for protecting fossil fuel investments and hampering the transition to net-zero emissions.

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UN carbon markets body to start work on Article 6 crediting tools, present wider package by COP29

Published 17:38 on March 1, 2024  /  Last updated at 19:42 on March 1, 2024  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Nature-based, Paris Article 6, US, Voluntary

Members of a UN body tasked with shaping carbon crediting under Article 6 will begin work immediately on several tools, including on baselines, additionality, and leakage, and open a consultation on methodological elements, in a bid to constructively push ahead on operationalising the international mechanism.

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Guyana to sell first carbon credits eligible for current phase of UN CORSIA aviation offsetting scheme

Published 21:37 on February 28, 2024  /  Last updated at 22:05 on February 29, 2024  / Roy Manuell /  Americas, Aviation/CORSIA, Climate Talks, International, Nature-based, Paris Article 6, South & Central, US, Voluntary

Guyana will become the first country to see millions of its voluntary carbon credits deemed eligible and made available for global buyers in current phase of the UN’s CORSIA international aviation offsetting scheme.

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EU nations should look at broader climate solutions to bridge the gap towards targets, experts say

Published 19:38 on February 28, 2024  /  Last updated at 19:59 on February 28, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, EU ETS

EU countries should explore a wide variety of technological solutions to achieve the bloc’s target to cut emissions by at least 55% by 2030 compared to 1990 levels, experts suggested on Wednesday.

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Brazil partners with global finance group to protect Amazon, speed clean energy transition

Published 17:01 on February 28, 2024  /  Last updated at 17:01 on February 28, 2024  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Nature-based, South & Central, Voluntary

Brazil has teamed up with a large global climate finance group to rapidly ramp up funding for the protection of the Amazon rainforest and scale clean energy development.

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Cuba to offer financial incentive for CO2 removals from improved forest management

Published 16:26 on February 28, 2024  /  Last updated at 16:26 on February 28, 2024  / Alejandra Padin-Dujon /  Americas, Climate Talks, International, Nature-based, Paris Article 6, South & Central, Voluntary

Cuba has legislated financial incentives to generate CO2 removals via improved forest management (IFM) through a certification process mediated by the government, according to a resolution published in the country’s Official Gazette on Feb. 21.

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EU-Mercosur trade deal infringes upon UN treaties, breaches bloc’s climate law -analysis

Published 18:32 on February 26, 2024  /  Last updated at 08:24 on February 27, 2024  / Alejandra Padin-Dujon /  Americas, Climate Talks, EMEA, International, South & Central

A trade deal between Brussels and four members of the South American Mercosur economic group would compromise UN agreements and EU law, according to a legal analysis issued Monday.

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Egypt pins down legal status of voluntary carbon credits as it reveals regulatory framework

Published 17:53 on February 26, 2024  /  Last updated at 18:34 on February 26, 2024  / Alejandra Padin-Dujon /  Africa, Climate Talks, EMEA, International, Middle East, Nature-based, Voluntary

Egypt has defined the legal status of voluntary carbon credits to be traded in the North African country ahead of moves to harmonise a standard set of principles internationally.

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EU climate envoy ‘regrets’ Article 6 outcome at COP28

Published 13:54 on February 26, 2024  /  Last updated at 13:54 on February 26, 2024  / Frédéric Simon /  Climate Talks, EMEA, International, Paris Article 6

Tony Agotha, the EU special envoy for climate and environment diplomacy, has expressed disappointment with the outcome of UN negotiations on carbon markets after they broke down at the COP28 climate summit in Dubai last December.

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European Commission scolds EU member states for inadequate 2030 climate plans

Published 16:06 on February 23, 2024  /  Last updated at 16:51 on February 23, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, EU ETS

Some European Union member states must correct their policies if they are to reach the bloc’s climate targets to cut net greenhouse gas emissions at least 55% by 2030 compared to 1990 levels, according to a European Commission assessment.

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