Rating agencies could help to scale Article 6 market, says expert

Published 14:48 on October 17, 2024  /  Last updated at 14:48 on October 17, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6, Voluntary

Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday.

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Investment manager ranks countries by nature risks

Published 14:38 on October 17, 2024  /  Last updated at 14:38 on October 17, 2024  / /  Americas, Asia Pacific, Biodiversity, EMEA

UK-based investment manager Ninety One has launched the Sovereign Biodiversity Index to help investors assess national-level nature risks.

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More than 190k new marine protected areas needed globally to reach 30×30 target, pre-print study says

Published 14:00 on October 17, 2024  /  Last updated at 14:38 on October 16, 2024  / /  Americas, Asia Pacific, Biodiversity, EMEA

Over 190,000 new marine protected areas (MPAs) must be established if the world is to meet the 30×30 marine protection target under the Global Biodiversity Framework (GBF), equivalent to 85 MPAs created every day until 2030, according to a study published Thursday.

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Cote d’Ivoire forms office to expedite carbon market regulations

Published 13:57 on October 17, 2024  /  Last updated at 13:57 on October 17, 2024  / /  Africa, EMEA, Nature-based, Voluntary

The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced.

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UN climate chief urges World Bank, IMF to step up efforts on climate finance

Published 13:10 on October 17, 2024  /  Last updated at 15:58 on October 17, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International

The United Nations climate chief is calling on the International Monetary Fund (IMF) and World Bank to take bigger steps to shore up climate finance and alleviate debt for developing countries during their annual autumn meetings next week.

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ANALYSIS: UN Article 6 body underscores ‘bottom-up’ approach in core standards, key carbon removal elements still need clarity

Published 12:08 on October 17, 2024  /  Last updated at 12:08 on October 17, 2024  / and /  Americas, Asia Pacific, Climate Talks, EMEA, International, Paris Article 6

Flexible, non-prescriptive approaches are staple features of the carbon crediting methodologies and removals standards, adopted by a UN body last Thursday, in a bold move that experts see as a major step forward towards carbon crediting under the Paris Agreement’s Sustainable Development Mechanism (SDM).

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Achieving Paris goals feasible, can be compatible with economic growth -report

Published 12:00 on October 17, 2024  /  Last updated at 13:30 on October 17, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary

Achieving the targets of the Paris Agreement is feasible and can be done in a way that is consistent with economic growth and improves the overall quality of life, a report released Thursday has found.

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DATA DIVE: More and more airlines appear to be retiring carbon credits

Published 11:20 on October 17, 2024  /  Last updated at 19:18 on November 5, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, Data Dive, EMEA, International, Voluntary

An increasing number of the world’s largest airlines are retiring voluntary carbon credits, according to data from the Verra, Gold Standard, ACR, and Climate Action Reserve (CAR) registries.

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Water crisis puts over half of global food production at risk, report says

Published 10:52 on October 17, 2024  /  Last updated at 10:52 on October 17, 2024  / /  Biodiversity, EMEA, International

The water crisis could jeopardise more than half of food production by 2050, with global GDPs also threatened in both high- and low-income countries, a new report has said.

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Europe-wide frequent flyer tax could raise €64 bln, reduce aviation emissions by one-fifth, finds report

Published 10:47 on October 17, 2024  /  Last updated at 10:47 on October 17, 2024  / /  Aviation/CORSIA, EMEA, International

A frequent flying levy across Europe would increase aviation tax revenues to €64 billion and reduce sectoral emissions by over one-fifth, according to a report published Thursday.

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