NZ looking at potential NZ$6.6 bln spend to meet NDCs by 2035, says govt
New Zealand could face a bill of up to NZ$6.6 billion ($3.8 bln) to meet its Paris Agreement targets out to 2035, government modelling released Thursday showed.
Read MoreDominican Republic NDC keeps Article 6 cooperation open, rules out use for reaching target
The Dominican Republic has reaffirmed its intention to engage voluntarily with international carbon markets under Article 6 of the Paris Agreement, while explicitly ruling out their use to meet its own climate targets under its recently submitted Nationally Determined Contribution (NDC) 3.0.
Read MoreSB64: Article 6.2 buyers, host countries clash on user fees to fix €8.6 mln budget shortfall
A rift has emerged in Bonn between Article 6.2 buyer and host countries, as they debate a UN proposal suggesting user fees to plug an €8.6-million hole in the 2026-27 biennial budget, among other options.
Read MoreRegulatory uncertainty could cause CORSIA prices to fall further, says developer
Regulatory uncertainty is still weighing on the development of clear price signals for Phase 1 of CORSIA, but supply of credits should ramp up over next 12 months, a webinar heard Wednesday.
Read MoreSB64: BRIEFING – CORSIA overselling fears hang over supply
The problem of diverse country risk profiles for gaining CORSIA Letters of Authorisation (LoAs) – crucial for developers – is exacerbated by many host countries’ fears or lack of data around overselling, threatening supply, officials and experts said on the sidelines of SB64 in Bonn.
Read MoreCOMMENT: Carbon Markets Cannot Claim Integrity While Excluding Women
As carbon markets undergo an integrity reset, treating women’s inclusion as a co-benefit is no longer enough – inclusive finance can help make their contributions measurable, verifiable, and central to the credibility of carbon projects.
Read MoreOcean advocates, scientists press COP31 hosts to make next climate summit a “Blue COP”
More than 150 scientists, policymakers and public figures have urged the incoming COP31 presidencies of Turkiye and Australia to make next year’s UN climate summit a “Blue COP”, calling for ocean issues to be written into the formal negotiations and backed by finance outcomes.
Read MoreLATAM Roundup: Countries leap into transactional phase of Article 6 under bilateral agreements
Several Latin American countries crossed major milestones in the operationalisation of Article 6 markets last week, signalling a shift from years of institutional preparation towards the first wave of actual carbon transactions under the Paris Agreement.
Read MoreSB64: Carbon markets surface in first round of COP30-mandated finance alignment dialogue
Carbon projects, pricing, and trading appeared in a new place on Tuesday: among the proposals to align public and private finance flows with low-emission development, as discussed in a first dialogue on the Paris Agreement goal.Â
Read MoreGoogle targets travel emissions with large SAF certificates deal
Google will target emissions from employee business travel with a new agreement for sustainable aviation fuel (SAF) certificates (SAFc), touted as the largest publicly announced SAFc deal between an airline and a single corporate customer to date.
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