INTERVIEW: Demand for Article 6 units won’t suddenly boom in case of agreement
Demand for carbon credits aligned with Article 6 of the Paris Agreement is not going to suddenly spike if an agreement on rules to operationalise UN international carbon markets is found at COP29 at the end of the year, a senior EU negotiator told Carbon Pulse.
Read MoreANALYSIS: Article 6 can supplement finance goals at COP29
Article 6 is meant to create a UN carbon crediting and trading system, but it can also support adaptation and the overarching New Collective Quantified Goal (NCQG) financing target at COP29, experts have told Carbon Pulse.
Read MoreEU 2040 climate target hinge upon ability to overcome risks -report
The European Union has to overcome some economic, social and political risks if it is to reach its climate target for the next decade, researchers have said.
Read MorePeru’s national carbon registry looks to launch by COP29 -official
Peru’s environmental ministry aims to launch the country’s carbon registry by November’s COP29 UN climate summit in Baku, a senior official told the Peru Carbon Forum on Wednesday.
Read MoreGovernments are neglecting behavioural change in national climate goals -research
Most countries are overlooking the potential for pro-climate behavioural changes from consumers as a strategy to help reduce global emissions by up to 70% by 2050, according to research published on Wednesday.
Read MoreLEAK: EU climate ministers lay out structure of global climate finance goal
EU climate and environment ministers are stressing the importance of taking a “multi-layered” approach to the new international climate finance goal to be agreed at COP29, meaning that the finance should be used in a targeted way that delivers the most to vulnerable countries and communities, according to a leaked draft of their conclusions, seen by Carbon Pulse.
Read MoreEU to table 2040 climate target plan ‘very early’ next year, official says
The European Commission is preparing to put forward its legislative proposal for a 2040 climate target “very early” in 2025, an official has said, suggesting the EU could be ready to submit its Nationally Determined Contribution (NDC) in time for the UN’s February deadline.
Read MoreSaudi firm to launch voluntary carbon exchange at COP29 -media
A state-backed Saudi company created to scale up the voluntary carbon market (VCM) in developing countries will launch a trading platform at COP29 and seek to integrate regional markets, local media has reported.
Read MoreAzerbaijan applies to host 2026 biodiversity COP
Azerbaijan has officially submitted a bid to host the COP17 UN biodiversity summit, as the country prepares for the COP29 climate conference in Baku later this year, the government announced on Monday.
Read MoreCOP partnership seen to open up climate opportunities for Australia, Brazil
Opportunities for closer cooperation on natural capital, decarbonisation, and carbon markets between Australia and Brazil could be on the horizon if the latter is successful at securing its bid to host COP31 in 2026, panellists told an event Friday.
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