Guyana first small island state to report biennial climate action progress under Paris Agreement
Guyana is the first Small Island Developing State to report on its climate action pledge under the Paris Agreement, acting ahead of the Dec. 31, 2024 deadline, the UN’s climate change secretariat announced Friday.
Read MoreFEATURE: G20, not COP29, key to meeting global climate finance needs
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
Read MoreFEATURE: Europe accused of hijacking int’l carbon markets with removal certification
With its certification for emissions’ removals, the EU is moving to lock out international carbon credits to meet its own climate targets, at the expense of developing countries that are in direst need of green finance, critics say.
Read MoreExpert review of link between sovereign debt and climate launched at IMF Spring Meetings
An independent review of the link between sovereign debt and climate change is being launched by experts at the IMF and World Bank Spring Meetings on Saturday.
Read MoreArticle 6 torn between private sector and geopolitics ahead of ‘bridge’ COP29, UN advisor says
Negotiations on Article 6 of the Paris Agreement are expected to be influenced by the private sector and geopolitics, as parties prepare for a ‘bridge’ climate conference in Azerbaijan, a UN advisor said on Thursday at IETA’s annual European Climate Summit in Florence.
Read MoreUN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
Read MoreClimate change driving a 19% global income reduction in ‘best-case’ scenario -report
The global economy is already committed to an income reduction of 19% until 2050 due to climate change, even if CO2 emissions were to be drastically cut starting from today, according to a study published in the journal Nature on Wednesday.
Read MoreBetter VCM data can help companies reach climate goals, experts say
An increasing availability of better-quality data in the carbon market is already helping companies get closer to neutrality, experts at IETA’s annual European Climate Summit in Florence said on Tuesday.
Read MoreInternational emissions trading association releases guidelines on voluntary carbon credit use
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
Read MoreForeign exploitation driving fossil fuel exports in developing countries, say NGOs
Developing countries are stuck in a vicious cycle exporting climate-destructive raw materials like oil and gas, and importing processed goods from wealthier countries, according to panellists speaking on a climate finance webinar Monday, in what may be compromising international emissions reduction goals.
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