COP29: BRIEFING – Pakistan launches carbon market regulations
The federal government of Pakistan unveiled its international carbon market regulations at COP29 in Baku on Saturday following two years of work, including fee structures for international credit transactions, and is expected to launch a national carbon registry by Q1 2025.
Read MoreCOP29: No sign of life in climate finance text as talks hit impasse
The COP29 climate finance text was still a mess midway through the summit, as several delegations described difficulty in engaging with key elements of the current draft, and observers suggesting they do not expect a strong outcome in Baku for the headline objective of the summit.
Read MoreCOP29: CDM negotiations a mess as Article 6 forwarded to second week
The SBSTA UN advisory body has laid out final exit protocols for the Kyoto-era Clean Development Mechanism (CDM), predecessor to the Paris Agreement Crediting Mechanism (PACM), at COP29 in a draft text.
Read MoreCOP29: Indonesia’s captive coal power plants to be included in country’s ETS from 2025, JETP head says
Captive coal-fired power plants (CFPPs), a large and growing source of emissions in Indonesia, will be covered under the country’s emissions trading scheme (ETS) from next year, according to the head of its Just Energy Transition Partnership (JETP) secretariat.
Read MoreCOP29: One year in, global transition from fossil fuels hits stalemate in climate talks
Climate negotiators are struggling to agree on how to move forward with last year’s milestone commitment to transition away from fossil fuels, with emerging economies pushing to keep any reference out of this year’s COP29 agreement.
Read MoreCOP29: Roundup for Day 5 – Nov. 15
It is Day 5 at COP29 in Baku – Energy Day. After a messy Article 6 draft on trading rules was published on Thursday, with negotiators then demanded to work late to help slim down the 43 pages of text, signs of fatigue are setting in, just 48 hours before ministers arrive. On the energy front, the Azerbaijan presidency will announce a raft of pledges, and debate over the COP28 fossil fuels outcome is expected to be high on the agenda.
Read MoreCOP29: Global efforts to cut methane emissions grow, mobilising $500 mln
An increasing number of countries have committed to reduce their methane emissions, with proposals to strengthen their goals and mobilise nearly $500 million to support 65 developing countries.
Read MoreCOP29: Nearly half of companies use zero renewable electricity -report
Nearly half of companies globally continue to only use non-renewable electricity, according to a new report released on Friday.
Read MoreCOP29: Pledge to boost global power storage, grids aims to support renewables rollout
The Azerbaijani COP29 presidency launched a series of pledges on Friday to boost clean energy storage and infrastructure globally and in the Caspian region, in support of last year’s commitment to triple renewables and double energy efficiency.
Read MoreCOP29: Thailand to present draft climate change bill to cabinet in December -official
The government of Thailand will submit the draft climate change bill containing provisions for an emissions trading scheme and a carbon tax for cabinet approval by December, but expecting a final bill to be implemented only by 2026, a government official told Carbon Pulse.
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