Most nations’ emissions pledges fall short of ‘fair shares’ under Paris goals -analysis
Most countries’ national climate targets are inconsistent with what would be considered their fair share of global emissions cuts needed to meet the Paris Agreement’s temperature goals, according to a new study.
Read MoreSB62: First day of Bonn talks derailed by fight over border carbon fees
Climate negotiations have yet to formally begin in Bonn, after talks on the first day were held up by an agenda fight that hinged on unilateral border carbon fees, observers told Carbon Pulse on Monday evening.
Read MoreSB62: Countries urged to step up Article 6 implementation in new Paris commitments
Investment in UN-backed carbon markets is held up by current national climate targets, which often only go to 2030 and lack the detail needed to mobilise private sector participation, according to experts speaking at the international Bonn climate summit.
Read MoreUPDATE – SB62: Sweden strikes Article 6 deal with Kenya
Sweden struck its fourth Article 6 emissions trading agreement on Monday with Kenya, as the EU country says it is carefully scrutinising national Paris Agreement commitments from developing countries to ensure that such deals result in strong additional emission reductions.
Read MoreReport outlines path for govts to align climate, biodiversity plans
Governments should ramp up efforts to strengthen coordination between climate and biodiversity plans, as failing to do so risks undermining the achievement of national environmental targets, a report has said.
Read MorePREVIEW: Double-dipping, but getting less? Climate finance seeks alignment at SB62
UN negotiators are expected to lock horns over climate finance as the meeting of the Subsidiary Bodies (SB62) kicks off on Monday, having historically struggled to summon new, substantial, and complementary funds from carbon markets and other sources.
Read MoreSB62: Five issues on the table as climate negotiators head to Bonn
Intersessional climate talks opening next Monday in Bonn are poised to be a tense waypoint on the road to COP30 in November, with progress clouded by a lack of commitment against a backdrop of diplomatic challenges.
Read MoreBRIEFING: To take Paris seriously, Article 6 must drive bigger, additional emission cuts, say new principles
The baseline for estimating the emissions that would have been released without a carbon project in place should decline by at least 2% per year to align with the Paris Agreement’s goals — rather than the current 1% floor, according to one of the authors of Oxford University’s new principles for trading through Article 6.
Read MoreAdvisory group announces “world’s largest” carbon finance project in Burundi
A climate finance government consultancy is looking for a partner to develop a clean cooking project in Burundi in what could be the “world’s largest ever carbon finance project”, it announced on Wednesday.
Read MoreHigher ambition NDCs, reinvesting carbon revenues would boost GDP, finds OECD
A scenario whereby countries increase the ambition of their Nationally Determined Contributions (NDCs) under the Paris Agreement would increase global GDP up to 3% by 2050 due to avoiding significant economic losses, while reinvesting carbon revenues could bolster GDP further, the OECD has found.
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