COP29: Companies willing to pay “significant” premium for Article 6 carbon credits, finds survey
A survey of over 100 companies has underscored the willingness of investors in carbon markets to pay strong premiums for Article 6-aligned credits.
Read MoreCOP29: Carbon pricing, global financial overhaul needed for climate justice -Barbados
The government of Barbados, an outspoken voice advocating global financial reform at the so-called ‘finance COP’, has called for integrating carbon pricing into climate justice to support historically marginalised, climate-vulnerable developing countries.
Read MoreCOP29: Canada unveils climate finance platform for vulnerable regions
Canada’s environment minister announced on Tuesday a new finance platform to mobilise climate-focused investments in vulnerable regions at the UN conference in Baku.
Read MoreCOP29: Four carbon negative nations launch G-ZERO forum at the climate summit in Baku
A group of carbon neutral countries including Bhutan, Madagascar, Panama, and Suriname have launched the G-ZERO forum at the COP29 summit in Baku on Tuesday and issued a joint declaration pledging to remain carbon negative “at all times”.
Read MoreCOP29: Approval of Article 6 standards paves way for methodologies from mid-2025
Carbon crediting methodologies may now be approved from mid-2025 following Monday’s COP29 agreement on Article 6.4 standards, but technical details still need to be ironed out both in Baku and once the international market becomes operational, according to experts.
Read MoreCOP29: Roundup for Day 2 – Nov. 12
It is Day 2 at COP29, the start of the two-day World Leaders Summit. 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: UK praised for new 1.5C-aligned emissions target, but policies needed to make it reality
The UK will slash its emissions by 81% in the next decade under an updated Paris Agreement pledge, which many on Tuesday cautiously welcomed as a “shining example” of leadership at the start of tense COP29 negotiations while warning that it needs to be backed up with actual policies.
Read MoreCOP29: Singapore commits $500 mln to Asia transition finance partnership
Singapore on Tuesday announced it will commit $500 million in concessional funding to its Financing Asia’s Transition Partnership (FAST-P), as it laid out the next steps of its plan for coal power plant transition credits.
Read MoreDeveloped countries should take on extra carbon reduction, removal onus on top of national targets -researchers
With the global carbon budget for a 1.5C rise in temperatures set to be exceeded, researchers have floated the idea of assigning rich countries responsibility for extra emissions reductions and carbon removals in addition to achieving their own national targets.
Read MoreLATAM Roundup: Brazilian bonanza in carbon markets as COP29 begins
A barrage of developments has come out of Brazil in the week ending Nov. 10 as carbon market observers wait with bated breath for congressional ETS approval this week, setting the stage for a dynamic first week at COP29 in Baku, Azerbaijan.
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