Japan releases NDC, energy policy to 2040
Japan has approved three sets of policies that will shape the trajectory of the country’s emissions trends and energy development through 2040, including finalising its next Nationally Determined Contribution (NDC) under the Paris Agreement.
Read MoreArticle 6 body launches interim registry, approves first CDM transition requests
The Supervisory Body for the Article 6.4 mechanism (SBM) agreed to launch an interim registry to help speed along the operationalising of the Paris Agreement Crediting Mechanism (PACM) at its first meeting of the year, also making the first approvals as part of the Clean Development Mechanism (CDM) transition process.
Read MoreBRIEFING: Global carbon market traded volume surges in 2024, valuation remains flat -analysts
Global carbon markets saw their value marginally rise to above €800 billion in 2024, according to annual research published by analysts, while traded volume jumped by almost 25% year-on-year amid buoyant activity across nearly all systems.
Read MoreBrussels urged to submit 2035 climate target to the UN “as soon as possible”
The EU has an obligation to submit a 2035 climate target to the UN “well before” the COP30 climate summit in November, said a senior European Parliament member from the ruling European People’s Party (EPP) – putting pressure on Brussels to deliver “as soon as possible”.
Read MoreSingapore, Marshall Islands submit NDCs by original deadline
Singapore and Marshall Islands on Monday announced their 2035 Nationally Determined Contributions (NDCs) under the Paris Agreement in time for original deadline – now pushed back to September as only a handful of nations made the early February goal.
Read MoreEU’s NDC stuck in limbo, pending agreement on 2040 climate target
The European Commission says its forthcoming 2040 climate plan will “inform” the bloc’s next Paris Agreement commitment for 2035, but questions persist on how the figure will be decided, as no method has yet been agreed or even discussed publicly.
Read MoreCanada faces higher carbon removal burden under equity-driven policy approach -researchers
Canada will need to scale up its CO2 removal (CDR) efforts significantly beyond its current net-zero commitments if it is to meet global climate fairness standards, according to a new analysis.
Read MoreDATA DIVE: UN postpones 2035 NDC deadline after few countries submit plans on time
The UN has pushed the deadline for the submission of new Nationally Determined Contributions (NDCs) to September, after just a handful of countries sent them in ahead of the initial date of Feb. 10.
Read MoreIndia to begin trading compliance carbon credits by Oct. 2026
The Indian government is moving forward in establishing its carbon market, with the trading of first carbon credit certificates in the compliance market expected to happen in Oct. 2026, the market regulator told a conference Wednesday.
Read MoreNorway must finalise emissions accounting with EU before sealing Article 6 carbon trade deals
Norway is waiting to finalise important technical elements of its cooperation with the EU on emissions accounting and climate policy before advancing any deals for international carbon trade under the Paris Agreement, it confirmed in a transparency report published on Tuesday.
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