COP28: EU’s Von der Leyen calls for common standards to unite voluntary carbon market
European Commission President Ursula Von der Leyen on Thursday highlighted the key role the voluntary carbon market can play in accelerating the roll-out of global carbon pricing, while emphasising that the market needs common standards to improve trust in the credibility of projects on the part of investors.
Read MoreCOP28: Roundup for Day 2 – Dec. 1
It’s Day 2 of COP28 and world leaders are descending on Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read MoreCOP28: Roundup for Day 1 – Nov. 30
It’s Day 1 of COP28 and enough delegates to fill a mid-size city – nearly 100,000 – are arriving en masse at Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read MoreCOP28: PREVIEW – The big ticket topics to follow in Dubai
Reforming and scaling climate finance, including moving forward on operationalising a new loss and damage funding mechanism, establishing global renewables targets, and the future of fossil fuels, are likely to be the core topics of discussion at COP28 in Dubai, according to climate experts and other observers, which will also bear witness to the first ever global stocktake (GST) of the Paris Agreement.
Read MoreCOP28: Record 70,000 attendees expected to descend on Dubai ‘circus in the desert’
FREE READ – Dubai will grow in population by the equivalent of a small city as a record number of delegates descend upon the desert metropolis later this month for this year’s COP28 climate summit.
Read MoreSeven Brazilian states sign regional carbon market agreement
A treaty promising to plant 100 million native trees across southern and southeastern Brazil and create a self-regulatory carbon market, potentially with sectoral emissions limits, was signed by seven states at an annual meeting in Sao Paulo on Saturday.
Read MoreCarbon Pulse grows global news reporting team by almost 50% in biggest hiring push yet
FREE READ – Carbon Pulse has increased its global team of reporters by nearly 50% in its largest hiring push to date, as the company channels significant investment into further strengthening the world’s premier carbon markets news service.
Read MoreGlobal carbon markets post 14% increase in value in 2022, despite 21% drop in volume –analysts
Global carbon markets expanded for a fourth straight year in 2022, reaching €865 billion ($924 bln) in value despite a near-20% drop in the number of transactions as prices in the main markets reached their highest ever levels, according to analysts in a report published on Tuesday.
Read MoreBursa Malaysia launches VCM exchange for local and international carbon traders
Bursa Malaysia officially launched its voluntary carbon market (VCM) exchange on Friday, to be known as BCX, an initiative jointly developed with the Malaysian ministries of environment and finance, as the Southeast Asian nation seeks to unlock sources of VCM revenue to help meet its climate and environmental policy goals.
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