COP29: War causes 6% of global emissions, but is almost ignored by UN -research
Military conflicts account for around 5.5% of global emissions, yet countries are not obliged to report them under the UN climate body’s framework, research bodies highlighted at the COP29 climate summit in Baku, Azerbaijan.
Read MoreCOP29: INTERVIEW – Namibia’s draft regulations on compliance carbon markets to be out next year
The Namibian government will release draft carbon market regulations in 2025, once it has clarity of the rules underpinning the UN’s international market mechanism, an official told Carbon Pulse at the COP29 climate summit in Baku.
Read MoreCOP29: INTERVIEW – Uganda backs Article 6 where voluntary market, foreign contributions fall short
Uganda is looking to Article 6 projects to help finance sustainable development, particularly given the limitations of the voluntary carbon market (VCM) and international finance goals, a senior official told Carbon Pulse on the sidelines of COP29.
Read MoreCOP29: Senegal gears up for Article 6 with Norway deal, national policies -official
Senegal’s environment ministry is preparing to leverage Article 6 carbon markets in support of national and international climate goals, according to statements made on Tuesday by a senior official at the COP29 global climate summit in Baku, Azerbaijan.
Read MoreCOP29: G20 endorses broad climate finance, but fails to provide clarity on NCQG
The G20 reaffirmed a broad commitment to climate finance efforts in a communique following the conclusion of its summit in Brazil, but observers say more is needed from the world’s wealthiest countries to adequately address climate change globally.
Read MoreCOP29: BRIEFING – UN “on cusp” of first Article 6 carbon credit issuances
Thousands of projects have already applied to transition to the new Paris Agreement carbon crediting mechanism and hundreds of proponents have signalled interest in developing new activities, and with interim UN registry infrastructure to be ready in a few weeks, the first issuances can be processed in early 2025, according to experts.
Read MoreCOP29: Singapore, Zambia sign Article 6 MoU
Singapore and Zambia Tuesday signed a Memorandum of Understanding (MOU) to collaborate on carbon credits aligned with Article 6 of the Paris Agreement.
Read MoreCOP29: Roundup for Day 8 – Nov. 18
It is Day 8 at COP29 in Baku – Youth Day. At the midway stage, negotiations are going well on Article 6, but poorly elsewhere. Parties clashed on the Mitigation Work Programme (MWP) over the weekend, which appears set to be punted to next year’s summit, and talks on finance are said to be dire. Can things turn around this week, and will countries finally get carbon markets talks over the line? In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
Read MoreCOP29: Southeast Asian industry bodies partner to form alliance on ASEAN carbon market framework
Five carbon market associations have signed a Memorandum of Collaboration (MoC) at COP29 in Baku to advance regional cooperation within the Association of Southeast Asian Nations (ASEAN).
Read MoreCOP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups
A provision that “encourages” scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.
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