BRIEFING: Strong climate finance outcome is possible at COP29, experts say
A strong outcome for a new global climate finance goal is possible at COP29 in Baku, with negotiators coalescing around the scale of finance required, though the nitty gritty of where that capital should come from and which countries should contribute is still up in the air, experts said on Wednesday.
Read MoreLiberia steps up plans to sell forestry credits under Paris Agreement
The densely forested west African country of Liberia is looking to harvest Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement after signing a letter of engagement with the Coalition of Rainforest Nations (CfRN), it was announced Wednesday.
Read MoreEuropean Greens lay out Article 6 demands for COP29 climate summit
European Greens are calling on countries to clinch an ambitious agreement on Article 6 of the Paris Agreement governing international carbon markets and the trade of emission reductions, saying rich countries must fulfil their climate obligations first rather than seek credits from emission reductions projects abroad.
Read MoreVoluntary carbon registries can foster healthy competition once Article 6.2 registry starts up -UN expert
Independent carbon credit registries will continue to play a role, and foster healthy competition, even after a centralised UN registry is created under Article 6.2 of the Paris Agreement, according to a member of the UN group mandated to determine the international carbon market rules.
Read MoreESA unveils enhanced forest biomass maps to improve global carbon tracking, aid climate goals
The European Space Agency (ESA) has released new global maps tracking above-ground forest biomass, calling it “a stable and open data source” for monitoring carbon stocks.
Read MoreScientists warn heat is making more of the planet unlivable, offer key insights
Scientists have warned that rising temperatures are making the planet increasingly uninhabitable and pushing the Amazon to the brink of large-scale collapse, offering 10 climate insights and possible ways forward, in a report published on Monday.
Read MoreNDCs fall “miles short” of emission cuts to meet Paris goals, UNFCCC warns
Existing national contributions to the Paris Agreement are unsurprisingly inadequate, at most leading to a mere 2.6% decline in global greenhouse gas emissions over the 2020s, according to a UN report released on Monday.
Read MoreArticle 6 trades could begin flowing next year if COP29 can finalise rules -panel
Stakeholders said Thursday that, if COP29 negotiations can iron out the remaining wrinkles around Article 6, carbon trading under the Paris Agreement may begin to pick up starting in 2025 or 2026.
Read MoreG20 task force elicits commitment by major economies to mobilise against climate change
A Brazilian G20 presidency task force concluded its eight-month engagement Thursday with a political statement by members to take advanced actions in economic and financial systems to address climate change.
Read MoreAzerbaijan’s climate leadership questioned over human rights, reliance on gas
The European Parliament voted a resolution on Thursday questioning the choice of hosting the United Nation’s upcoming COP29 climate summit in Azerbaijan, a country it accuses of human rights violations and whose revenues come chiefly from the extraction of natural gas.
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