SB64: Climate finance tensions tainting talks across topics in Bonn
Political tensions around the issue of climate finance are seeping into and tainting progress in negotiations across other topics at annual mid-year UN climate talks in Bonn this week.
Read MoreSB64: “At least” 14 more projects to receive host party approval by end of month -official
“At least” 14 additional projects, but hopefully more, will receive host party approval (HPA) to transition to Paris Agreement Crediting Mechanism (PACM) from the Clean Development Mechanism (CDM) by the deadline at the end of this month, a UN official said on Tuesday.
Read MoreNet zero CO2 emissions by 2045, fossil fuel phaseout by 2070, can limit warming to 1.5C -study
Global CO2 emissions need to reach net zero by 2045, followed by all GHG emissions around 2060, in order to limit warming to 1.5C in the long run, according to analysis published on Tuesday.
Read MoreNew framework seeks to raise bar for voluntary low-carbon fuel procurement
New guidance published on Tuesday by a carbon management advisory seeks to provide voluntary buyers of low-carbon fuels with a unified framework for assessing quality across a fragmented and rapidly evolving market.
Read MoreQatari standard, institute sign MoU with UAE emirate to build carbon market capacity
A voluntary carbon standard, a research non-profit, and an emirate in the UAE have signed a Memorandum of Understanding (MoU) to foster carbon market engagement, including on the Paris Agreement’s Article 6, among other sustainable development objectives.
Read MoreArticle 6 implementation advances as bilateral cooperation, PACM continue to grow
Momentum behind the implementation of Article 6 of the Paris Agreement continues to build, according to the latest implementation status update from a partnership tracking the progress of UN carbon markets, with five new bilateral trade agreements inked in the past month.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
Read MoreINTERVIEW: Cooling sector could generate Paris credits at scale, with legal caveats
The cooling sector has great potential to generate Paris Agreement carbon credits – especially in the Middle East, North Africa, and Turkiye (MENAT) – but projects must respect the boundaries set by other treaties, said the co-author of a recent report.
Read MoreAirlines secure developer support to boost CORSIA supply to 250 million credits
A project developer lobby group has thrown its weight behind a new stakeholder initiative that aims to boost the number of credits available for CORSIA to around 250 million by the spring of 2027.
Read MoreSB64: Vulnerable nations accuse negotiators of ‘de-linking’ science as finance pact risks being ‘dead on arrival’
Small islands and least developed countries accused some parties of attempting to weaken the role of science and sideline the 1.5C goal, warning that progress towards key climate finance commitments was faltering ahead of COP31 in Turkiye.
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