Bolivia proposes Amazonian mechanism as a non-market approach to climate mitigation -media

Published 17:38 on March 15, 2024  /  Last updated at 17:38 on March 15, 2024  / Alejandra Padin-Dujon /  Americas, Climate Talks, International, Nature-based, Paris Article 6, South & Central, Voluntary

Bolivia supports creating a regional Amazonian mechanism for climate change mitigation and adaptation through sustainable forest management, but would avoid carbon markets, according to remarks by Bolivian Vice-President David Choquehuanca, as reported by local media.

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UPDATE – EU waters down green farming policies in bid to appease farmers

Published 16:46 on March 15, 2024  /  Last updated at 17:27 on March 15, 2024  / Emanuela Barbiroglio /  Carbon Taxes, Climate Talks, EMEA, EU ETS

The European Commission finalised a series of legislative proposals that would cut back on green requirements for farmers, announcing the amendments late on Friday afternoon.

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EU countries reach long-awaited but diluted deal on corporate due diligence bill

Published 15:43 on March 15, 2024  /  Last updated at 15:43 on March 15, 2024  / Emanuela Barbiroglio /  CBAM, Climate Talks, EMEA, EU ETS, International

Ambassadors from the 27 EU member states reached agreement Friday on a bill setting due diligence rules for large companies, including an obligation to adopt Paris-aligned climate plans, with a weakened text ending a cycle of meetings to resolve the EU’s internal divisions.

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EU bank to invest millions in climate resilience of Rwanda’s farming sector

Published 16:50 on March 14, 2024  /  Last updated at 16:50 on March 14, 2024  / Emanuela Barbiroglio /  Africa, Climate Talks, EMEA, International

The international arm of the European Investment Bank, EIB Global, will help farmers in Rwanda face climate change under a financing agreement announced on Thursday as part of the EU Global Gateway initiative.

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PREVIEW: China pushes to exclude carbon levy from efforts to reduce shipping emissions

Published 07:29 on March 14, 2024  /  Last updated at 07:29 on March 14, 2024  / Rebecca Gualandi /  Americas, Asia Pacific, Carbon Taxes, China, Climate Talks, EMEA, International, Shipping

A proposal by China that snubs a carbon pricing mechanism to reduce emissions from the shipping sector in favour of a marine fuel standard is emerging as one of the frontrunner options to be discussed at a key UN meeting next week.

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Climate framework laws having positive impact on policy focus, say researchers

Published 01:01 on March 14, 2024  /  Last updated at 11:14 on March 13, 2024  / Roy Manuell /  Climate Talks, EMEA, International

A report has highlighted the positive influence of climate framework laws on progress towards green goals, focusing on examples in Germany, Ireland, and New Zealand.

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2030 climate targets ‘within reach’, spotlight now turning to carbon removals, EU says

Published 16:19 on March 13, 2024  /  Last updated at 16:19 on March 13, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS

The EU is still on track to cut its net greenhouse gas emissions 55% below 1990 levels by 2030 and reach climate neutrality by mid-century – with the help of carbon removals among other emerging technologies, according to a European Commission review of the bloc’s progress towards the objectives.

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Brussels responds to EU’s first climate risk report with new resilience plan

Published 17:45 on March 12, 2024  /  Last updated at 17:47 on March 12, 2024  / Emanuela Barbiroglio /  Biodiversity, Climate Talks, EMEA, EU ETS

The European Commission outlined plans on Tuesday for the 27-nation bloc to better anticipate and manage extreme weather events following the publication the day before of the EU’s first-ever EU Climate Risk Assessment Report.

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New York reconsiders sovereign debt rules as emerging economies push for relief to fund nature, climate

Published 12:04 on March 11, 2024  /  Last updated at 12:34 on March 11, 2024  / Alejandra Padin-Dujon /  Americas, Climate Talks, International, US

New York’s state legislature is advancing parallel bills to rewrite the rules of sovereign debt restructuring, in a potential hit to private creditors worldwide but a win for developing countries.

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Europe unprepared to face climate risks -report

Published 23:01 on March 10, 2024  /  Last updated at 11:59 on March 12, 2024  / Emanuela Barbiroglio /  Carbon Taxes, CBAM, Climate Talks, EMEA, EU ETS, International

Europe is not prepared for all the climate risks it will face in the coming years, despite being the fastest-warming continent in the world, according to the first-ever EU Climate Risk Assessment Report published on Monday by the European Environment Agency (EEA).

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