FEATURE: Parties probe Article 6 ‘floor price’ but experts doubt formal rollout
Some countries, notably in Africa, are said to be pushing to establish a minimum price for the sale of Article 6 credits, although experts doubt that any widespread policy could realistically be implemented as the idea remains abstract, backed informally by just a few parties.
Read MoreANALYSIS: Voluntary, regulated carbon markets need each other, but solving the supply bottleneck will take years
Voluntary and regulated carbon markets need one another, international stakeholders told a World Bank-convened event this week, but creating the right investment conditions to scale supply and blur the lines between the two forms of pricing mechanisms will take years.
Read MoreFirst talks at EU Parliament environment committee reveal lawmakers’ fears and expectations
Lawmakers in the European Parliament’s environment committee held their first meeting dedicated to climate policy files on Thursday, possibly setting the tone for discussions lying ahead in the coming five-year mandate.
Read MoreSenior EU negotiator warns against rush to push forward on Article 6
A senior EU negotiatior on Article 6 of the Paris Agreement has warned against taking a short-term approach to developing the UN markets, saying this could damage confidence in carbon pricing as a credible solution to tackle climate change.
Read MoreUPDATE: EU stocktake sees energy security improve, warns of poverty uptick
Despite an uptick in energy poverty, the EU is on track to ensure energy security, according to the European Commission’s latest annual assessment looking back at what has been achieved over the past year.
Read MoreWorld Bank heralds gains in carbon pricing across emerging economies despite political, economic risks
Carbon pricing is gaining momentum in developing nations despite political and economic risks, according to a report published by the World Bank Wednesday.
Read MoreAustralia hosting COP31 could transform climate action in the region, but will be expected to up its game, NGOs say
A group of Australian NGOs has urged the Australian government to secure its bid in hosting the UN COP31 talks in 2026 in partnership with the Pacific, describing it as a “nation-building” activity that could provide a slew of national and regional benefits.
Read MoreArticle 6 needs EU leadership at COP29, urges carbon project developer
A carbon project developer has urged the EU to “resume its leadership position” on international carbon markets at COP29, citing the disappointment of last year’s UN climate summit in Dubai, at a conference in Berlin on Tuesday.
Read MoreLoss and Damage Fund access, contributions should be based on country emissions, think tank says
The recently established Loss and Damage Fund (LDF) should adopt a clear allocation mechanism based on countries’ emissions contributions, among other criteria, according to an Australian think tank’s analysis.
Read MoreAustralia’s Climate Change Authority to hold off advising 2035 target until after US election
The Chair of Australia’s Climate Change Authority (CCA) has told local media it will not provide its official advice regarding the country’s 2035 Nationally Determined Contribution (NDC) until after the US election, media reported Thursday.
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