FII24: Carbon registries urged to integrate AI into methodologies
Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said.
Read MoreCOP29 at risk due to pro-fossil fuel agenda and corruption, global NGO says
Hopes of tangible progress at the approaching UN climate summit COP29 in Baku, Azerbaijan, are at risk of being quashed by pro-fossil fuel interests and signs of government corruption, according to a report by Transparency International (TI) released Thursday.
Read MoreBRIEFING: Transition carbon credits considered promising solution, but challenges remain
Experts outlined during a Wednesday webinar the potential for so-called “transition” carbon credits to facilitate the energy transition, but noted that challenges remain in the ongoing development of the nascent asset class.
Read MoreCOP16: Emergency session finds early cash for coral reefs, urges immediate action
A special emergency session on coral reefs at the UN biodiversity talks in Colombia on Wednesday urgently called for increased funding for reef protection, with a handful of governments and philanthropies putting up an initial $150 million for a global fund.
Read MoreCarbon market data firm, research institute launch interactive CDR tool
A London-based research institute and a carbon market data provider have unveiled an interactive tool to provide transparency to monitoring, reporting, and verifying (MRV) protocols for carbon removal (CDR), the two organisations announced on Wednesday.
Read MoreUK to impose CBAM from 2027 to protect heavy industries
The UK will introduce a Carbon Border Adjustment Mechanism (CBAM) in 2027 for the six sectors it deemed to be most at risk of carbon leakage, down from eight initially proposed, the government said on Wednesday.
Read MoreFII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO
Saudi Arabia has global ambitions for its soon-to-launch carbon credit exchange, and is aiming for the platform to compete with the CBL exchange that currently dominates voluntary carbon market trades, the CEO of the country’s state-backed VCM company told Carbon Pulse on Wednesday.
Read MoreBRIEFING: 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 MoreOmbudsman says International Finance Corporation’s emissions rules are too weak
The World Bank Group’s International Finance Corporation (IFC) is failing to enforce its own greenhouse gas emission requirements with clients, which already fall short of what is needed to meet the Paris Agreement’s 1.5C temperature goal, the finance institution’s ombudsman warned.
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.
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