COP29: Azerbaijan to push for early Article 6 outcome, faces resistance
The COP29 presidency is pushing for an early endorsement of key carbon crediting standards under Article 6, Carbon Pulse has learned, though is facing resistance from several countries.
Read MoreCOP29: Brazil announces new UN climate goal, targets 59-67% emissions cut
COP30 host Brazil has announced a new UN climate plan that aims to reduce net greenhouse gas emission by 59-67% in 2035, compared to 2005 levels.
Read MoreCOP29: Climate finance negotiations at Baku should address developing nations’ unequal access to capital, experts say
The next climate finance commitment needs to address structural problems with the global borrowing framework in order to reduce the cost of capital for developing nations looking to attract investment for clean energy and climate adaptation projects, experts said Friday.
Read MoreCOP29: ‘Watchdog’ EU Parliament delegation heading for Baku
The European Parliament is sending a delegation of 15 lawmakers to the COP29 UN climate summit in Azerbaijan, with the intention to act as a “watchdog” in the negotiations involving EU member states and the European Commission, MEPs said.
Read More‘Trajectory of economics’ will keep climate action moving despite Trump election, former US officials say
While the second Trump presidency will likely hamper the US’ reputation for climate action on the global stage, top former governmental officials said Thursday that the incoming administration’s ability to stall the US – and the world’s – momentum towards a clean energy economy will be limited.
Read MoreG20 must strengthen Paris pledges, cut fossil fuels, in order to keep 1.5C alive -UN adviser
The next round of climate pledges from the world’s highest-emitting economies will ultimately determine the chances of limiting global warming to 1.5C, depending in particular on how far they go in pushing a transition away from fossil fuels, the UN’s special adviser on climate action said on Thursday.
Read MoreNew Zealand can make deep carbon cuts at home for next NDC, but needs early start, commission finds
New Zealand can achieve substantial emissions cuts domestically for its 2031-35 Nationally Determined Contribution (NDC), reducing its reliance on international credits, but must start work already this decade, according to the independent Climate Change Commission (CCC).
Read MoreCOP29 climate finance goal must include massive boost for adaptation, says UN report
The new global finance goal that is due to be agreed at COP29 this month must include a massive boost for adaptation, according to a flagship UN report published on Thursday.
Read MoreCOP29: PREVIEW – Political uncertainty clouds Article 6 outlook, with key carbon trade technicalities, crediting standards on the line
Despite prior optimism for progress in Baku on UN carbon markets, political uncertainty following this week’s US election result has dampened enthusiasm for a strong outcome on Article 6 at COP29, with multiple key technical elements of international carbon trade still to be clarified, as well as the thorny question of whether crediting standards brought into force ahead of the summit will be formally endorsed.
Read MorePNG relents on COP29 delegation but will still “liquidate” own forests without finance, PM warns
Papua New Guinea will send a delegation to COP29 in Azerbaijan this month after first its prime minister and then its foreign minister had said it would not as a protest against the lack of climate finance for maintaining its vast carbon sink forests.
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