Mauritania to set up national carbon registry, framework -media
Mauritania’s environment minister this week presented a strategic framework to facilitate access to international carbon finance and support mitigation activities, local media has reported.
Read MoreAround 130 nations appoint Article 6 authorities, as June flurry pushes CDM transition projects with govt approval beyond 400
According to an update from the UNEP Copenhagen Climate Centre, a total 65%, or 129 of 198 countries, have now taken steps towards Paris Agreement Crediting Mechanism (PACM) participation by appointing their Designated National Authorities (DNAs).
Read MoreMalaysia expects to meet over 80% of its biodiversity targets by 2030
Megadiverse Malaysia said it is on track to meet 14 of its 17 Kunming-Montreal Global Biodiversity Framework-aligned national biodiversity targets, but has found progress lacking on finance, capacity building, and protected area goals.
Read MoreKenya plans East African carbon exchange by 2027
Kenya is working to launch a carbon credit exchange serving the domestic and wider East African market within the next 12 months, media reported Friday.
Read MoreBRIEFING: National CO2 taxes could offer new lease of life for phased-out CDM credits
Countries that allow carbon-taxed entities to offset their liabilities with UN Clean Development Mechanism (CDM) credits could absorb some of these phased-out units, even repurposing them to address Paris climate targets or for use against the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreSouth Korea’s steel sector risks CBAM exposure under weak green standard -report
South Korea, the world’s third‑largest steel exporter, faces several bottlenecks in its industrial transition, with a new report warning that its weak green steel standards could leave the sector exposed to risks from global trade rules such as the EU’s Carbon Border Adjustment Mechanism (CBAM).
Read MoreINTERVIEW: European fund eyes extra carbon cash from Congo timber, agri projects
A European impact fund is positioning itself to be a first big developer of forestry and carbon projects in one of Africa’s lesser known host countries, the Republic of Congo – and is helping the government build its market infrastructure along the way.Â
Read MoreBRIEFING: Transition credits remain tough sell in Asia due to perceived risks, entrenched policy frameworks
Transition credits continue to be seen as a risky proposition in Asian countries despite existing methodologies, due to a confluence of factors including government priorities, perceived risks, and a tangled web of policy structures.
Read MoreANALYSIS: CDM projects face uncertain future after transition failure, seek new homes
Hundreds of carbon projects left outside the Paris Agreement’s new crediting mechanism face an uncertain future, with developers weighing a patchwork of options ranging from voluntary markets and domestic compliance schemes to simply shutting down ageing programmes.
Read MoreBRIEFING: EU ETS aviation rules should be tweaked to close SAF cost gap
EU Emissions Trading System (ETS) revenues should be channelled towards closing the sustainable aviation fuel (SAF) cost gap and supporting next-generation fuels that are currently commercially unviable, according to a policy briefing from researchers at the European University Institute (EUI) in Florence.
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