BRIEFING: EU will push for more climate finance contributors and better transparency at COP29
The EU will go to Baku next month stressing the need to widen the base of contributors to a bigger global climate finance goal – including big emerging, and polluting, economies and greater private sector investment, according to agreements reached by ministers and parliamentarians ahead of the COP29 summit.
Read MoreArticle 6 markets unlikely to scale until end of decade, says expert
Large volumes of sovereign carbon credits traded between countries under Article 6.2 of the Paris Agreement are unlikely to be seen until the end of the decade, a panel heard Tuesday.
Read MoreShare of fossil fuel power falling to 50% across BRICS group, driven by Chinese solar -report
The share of coal-, oil-, and gas-fired power capacity in the BRICS countries could fall below half by the end of this year, as the development of wind, utility-scale solar, and other non-fossil fuel sources dominate the electricity pipeline across the emerging economies, according to research published on Tuesday.
Read MoreUK-based firm raises €23.7 mln to scale point-source carbon capture technology
A UK-headquartered carbon capture company has raised €23.7 million in a Series A2 funding round, the firm announced on Tuesday.
Read MoreINTERVIEW: South Pole ushers in new era with pivot to carbon removals, Article 6
Carbon asset developer and consultancy South Pole has emerged following a significant period of transition and is preparing for a new phase, with a focus on carbon removals and Article 6 markets, its CEO told Carbon Pulse.
Read MoreLaunch of lightweight probe for CO2 measurement of flue gas, DAC
A Finnish company has launched a hand-sized instrument for accurate in-situ measurement of the CO2 in flue gas and direct air capture (DAC), which it says will avoid greenwashing from carbon capture and help with process optimisation.
Read MoreOff-grid solar provider selected for World Bank-backed project in Kenya
A San Francisco-headquartered off-grid solar provider has been chosen to participate in a World Bank-funded government programme in Kenya that aims to boost the adoption of off-grid solar home system and clean cookstoves in rural counties, the company announced on Tuesday.
Read MoreEUAs could trade below €55 for next two years without impacting market demand –analyst
EUAs could trade at between €50-€55 for the next two years without leading to any significant increase in emissions, and the same price level through to 2030 would not trigger a tightening of the market, according to a bank analyst.
Read MoreCOP16: Money takes centre stage as nature talks open in Colombia
Delegates from nearly 200 nations on Monday began two weeks of talks on how to implement the 2022 Global Biodiversity Framework (GBF), with questions around how to raise more funds to reverse nature loss and from who quickly taking centre stage.
Read MoreEU lawmakers call on COP29 leaders to phase out fossil fuels, expand carbon pricing
The European Parliament’s environment committee (ENVI) is calling on all countries to commit to phase out fossil fuels and adopt carbon-pricing mechanisms worldwide when they meet at COP29 next month.
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