COP30: BRIEFING – Top Japanese financial institutions seek to facilitate application of avoided emissions
Japan’s top financial institutions are looking to embed the concept of avoided emissions in their assessment frameworks, as Tokyo attempts to take the lead in setting rules for such greenhouse gas output to encourage corporate disclosure.
Read MoreBRIEFING: UK govt considering CCS mandate to get market moving, but affordability remains key
The UK government is considering some form of mandate, on top of the Emissions Trading System (ETS), to allow the carbon capture and storage (CCS) sector to operate independently of public support, but affordability remains a key concern, said a government representative on Tuesday.
Read MoreCOP30: BRIEFING – Second week starts with cautious optimism as Brazil tackles thorniest climate issues
COP30 talks resumed on Monday with cautious optimism, based on a Brazilian proposal that tended to favour the developing world’s position on contentious issues such as climate finance and trade.Â
Read MoreCOP30: BRIEFING – India pushes for more climate finance as pressure mounts over missing NDC
As the COP30 climate summit in Belem heads into its second week, India is seeking progress on climate finance, adaptation, and more loss and damage funding, even as calls for its overdue national climate pledge for 2035 grow louder.
Read MoreCOP30: BRIEFING – Article 6.8 “backwater” holds mirror to broader COP divisions
A new, longer document on Article 6 non-market approaches (NMAs) published Sunday still finds the whole text in brackets, as other COP30 debates play out symbolically in the typically uncontroversial text, according to observers.
Read MoreCOP30: BRIEFING – South Korea pledges coal phaseout for the first time
South Korea has for the first time announced its commitment to stop building new unabated coal power plants and phase out existing assets, amid growing interest at COP30 around establishing a global roadmap to move the world away from fossil fuels.
Read MoreBRIEFING: EU to release MRV guidance for carbon tariff compliance “early next year” as OECD seeks harmonised global rules
The European Commission will release guidance “early next year” for monitoring, reporting, and verification (MRV) of greenhouse gas emissions under the EU’s Carbon Border Adjustment Mechanism (CBAM), an EU official has said.
Read MoreCOP30: BRIEFING – Brazil opens new forum for climate-related trade issues
Brazil opened at COP30 its new international forum for addressing climate-related trade issues, receiving support from several countries and organisations as it seeks to alleviate tensions around the incoming proliferation of global carbon tariffs.
Read MoreBRIEFING: Stakeholders weigh in on federal budget outlook for nature projects in Canada
Environmental organisations are split on Canada’s 2025 federal budget, with some critical of its implications for nature and others suggesting it creates a window of opportunity for developing more credible afforestation, reforestation, and restoration (ARR) projects in Canada while reducing the burden on taxpayers.
Read MoreCOP30: BRIEFING – UN Refugee Agency targets $30 mln to pilot carbon credit projects at Uganda, Rwanda camps
The United Nations High Commissioner for Refugees (UNHCR) launched a fund this week, targeting about $30 million for three pilot projects that aim to connect displaced communities in Uganda and Rwanda with revenue from global carbon markets.
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