‘Reward funds’ could be used to meet foreign credit share of EU’s 2040 climate target -report
The EU could use performance-based reward funds for developing and emerging economies to cover the international component of its 2040 climate target at a cost of around €5 billion in 2040, according to a new policy paper.
Read MoreSB64: Developing countries unite in pushback on unilateral trade measures
A wide range of developing country negotiating blocs – from middle-income and fossil fuel-rich, to the poorest and smallest – voiced concerns and opposition to unilateral trade measures, like border carbon fees, in one of the UN’s first dialogues on climate-related trade issues.
Read MoreSB64: Santa Marta can help overcome fossil fuel transition “deadlock”, Colombian official says
The landmark Santa Marta process on transitioning away from fossil fuels can help overcome the “deadlock” in UNFCCC talks, a Colombian official said during mid-year talks in Bonn on Monday.
Read MoreVCM REPORT: CORSIA benchmark future settle below $10, SBTi recognises voluntary carbon credit use in new corporate standard
CORSIA futures were little changed last week, with benchmark contracts on ICE slipping below $10/tonne mark after stabilising in recent weeks following a prolonged decline.
Read MoreSB64: INTERVIEW – Zimbabwe makes its case to ICAO for CORSIA credit labels
Zimbabwean officials met Friday in Bonn with members of CORSIA’s Technical Advisory Body (TAB) to understand the TAB’s limits on involving national registries in the scheme, a country representative told Carbon Pulse, citing high stakes for standards and host countries alike.
Read MoreBRIEFING: Global governments urge Brussels to simplify CBAM compliance rules
Governments around the world have urged the EU to simplify what they describe as overly prescriptive and complex requirements for complying with its Carbon Border Adjustment Mechanism (CBAM).
Read MorePRESS RELEASE: Carbon Pulse launches the Biodiversity Portal
Track submissions of National Biodiversity Strategy and Action Plans (NBSAPs) and interest in biodiversity credits ahead of COP17 through the Biodiversity Portal.
Read MoreGuyana sees boom year for J-REDD+ revenues with nearly $200 mln income
Guyana’s jurisdictional REDD+ (J-REDD+) programme is blowing past prior annual revenue figures, bringing in some $196 million this year, according to Carbon Pulse calculations based on statements made by the government.
Read MoreIndonesia targets export sale of 30 mln forestry carbon credits in July
Indonesia is looking to launch an international sale of forestry carbon credits next month, offering more than 30 million tonnes of emission reductions to global buyers, according to officials.
Read MoreSB64: FEATURE – Pitfalls in Article 6.2 reporting lead negotiators, observers to ask about iterative review
Negotiators and observers are questioning how the UN’s process of assessing Article 6.2 initial reports could become more iterative and better at isolating major concerns, as common reporting pitfalls have led UN teams to declare inconsistencies in every review to date.
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