IPCC plans to unveil carbon removals methodology by end of 2027

Published 14:10 on March 25, 2024  /  Last updated at 14:10 on March 25, 2024  / Roy Manuell /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6, Voluntary

UN scientists will reveal a new methodology for carbon capture and removal technologies and to help inform national climate plans, the chair of the IPCC told an international summit.

Read More

PREVIEW: EU ‘green’ majority to exhale final breath before elections

Published 17:36 on March 22, 2024  /  Last updated at 23:05 on March 22, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, International

Time is now up for the political majority that made the European Green Deal possible, with the bloc’s 27 environmental ministers showing more and more signs of disagreement ahead of their summit next week.

Read More

Indigenous advocacy group urges US climate envoy to resist Article 6 development

Published 13:03 on March 22, 2024  /  Last updated at 13:03 on March 22, 2024  / Alejandra Padin-Dujon /  Americas, Climate Talks, International, Nature-based, Paris Article 6, US, Voluntary

A US-based Indigenous advocacy group sent a letter this week to US special climate envoy John Podesta urging him to oppose the development of Paris Agreement carbon markets, as communities worldwide debate their merits.

Read More

UNFCCC, IEA agree to monitor and promote a 1.5C-aligned energy transition

Published 13:41 on March 21, 2024  /  Last updated at 13:41 on March 21, 2024  / Sara Stefanini /  Americas, Climate Talks, EMEA, International

The UN climate secretariat and International Energy Agency (IEA) are partnering to track and report on the global energy transition and help countries strengthen their Paris Agreement pledges, the two institutions announced on Thursday.

Read More

Major carbon credit standards denied full eligibility for CORSIA Phase 1

Published 11:22 on March 21, 2024  /  Last updated at 17:13 on March 21, 2024  / Roy Manuell /  Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Nature-based, Paris Article 6, Voluntary

UN aviation body ICAO has decided to keep major voluntary carbon standards under ‘conditional’ approval for Phase 1 of CORSIA (2024-26), meaning their credits are not yet eligible for use by airlines during the current stage of the international offsetting scheme.

Read More

Asian steelmakers seek to weaken EU’s CBAM, lobbying study finds

Published 22:00 on March 20, 2024  /  Last updated at 10:47 on March 20, 2024  / Rebecca Gualandi /  CBAM, Climate Talks, EMEA, EU ETS, International, Japan, South Korea

Japanese and Korean steel industries appear to be actively lobbying the EU and other institutions to weaken the carbon border adjustment mechanism’s ambition, according to analysis by a think-tank.

Read More

Countries to talk about climate pledges, finance ahead of COP29

Published 16:57 on March 20, 2024  /  Last updated at 16:57 on March 20, 2024  / Sara Stefanini /  Climate Talks, EMEA, International

The run-up to November’s COP29 climate summit kicks off this week, with around 40 climate ministers and leaders meeting in Denmark to talk about the two key issues on the table for Azerbaijan: strengthened climate pledges and more finance.

Read More

EU lawmakers divided over new agri policy proposals

Published 19:05 on March 19, 2024  /  Last updated at 19:05 on March 19, 2024  / Emanuela Barbiroglio /  Carbon Taxes, Climate Talks, EMEA, EU ETS, International

Members of the European Parliament appeared divided as they discussed a set of potential new rules for the agri sector in a double meeting with the Commission on Tuesday.

Read More

ANALYSIS: Ageing UN carbon projects eye voluntary carbon market opportunities in light of Article 6 delays

Published 17:47 on March 18, 2024  /  Last updated at 17:47 on March 18, 2024  / Alejandra Padin-Dujon /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary

Projects from the UN’s Kyoto Protocol-era Clean Development Mechanism (CDM) are transitioning to the voluntary carbon market (VCM) in light of stalling Article 6 negotiations, experts have told Carbon Pulse, though some caution that opportunities may only be short term, and units could be a tough sell for some buyers.

Read More

EU ministers rubber-stamp energy and raw materials bills

Published 16:42 on March 18, 2024  /  Last updated at 16:42 on March 18, 2024  / Emanuela Barbiroglio /  Climate Talks, EMEA, EU ETS, International

The EU’s 27 foreign affairs ministers rubber-stamped two bills on Monday to protect energy markets from manipulation and ensure strategic autonomy to access critical raw materials.

Read More