Brussels urged to submit 2035 climate target to the UN “as soon as possible”
The EU has an obligation to submit a 2035 climate target to the UN “well before” the COP30 climate summit in November, said a senior European Parliament member from the ruling European People’s Party (EPP) – putting pressure on Brussels to deliver “as soon as possible”.
Read MoreGlobal wind and solar capacity expands in 2024, but project delays persist, G7 falls behind -report
The global pipeline of utility-scale solar and wind projects grew by more than 20% in 2024, yet sluggish implementation – notably from the world’s richest countries – continues to hinder progress towards renewable energy targets, according to a new report.
Read MoreINTERVIEW: Central America’s phased-in carbon markets chart unique course in the region
Central American countries’ attempts to sensitise the private sector to carbon pricing while building up public sector capacity via voluntary programmes have led to a unique, subregional model of carbon markets within Latin America, a Panamanian expert told Carbon Pulse.
Read MoreSBTi aims to release draft Corporate Net zero Standard for consultation in March
The Science Based Targets initiative (SBTi) intends to put the first draft of its new Corporate Net-Zero Standard up for two public consultations, establish expert groups to consult on key issues, and run pilot tests before it finalises the highly anticipated revision by the end of this year, it said on Monday.
Read MoreVCM Report: CORSIA carbon futures slip as uncertainty continues to bite
Standardised CORSIA Phase 1 contracts slipped last week amid ongoing uncertainty around US participation in the scheme, even as liquidity on futures jumped, while credit retirements remained below the 2024 weekly average despite analysts forecasting a record year for the market on the demand side.
Read MoreSingapore, Marshall Islands submit NDCs by original deadline
Singapore and Marshall Islands on Monday announced their 2035 Nationally Determined Contributions (NDCs) under the Paris Agreement in time for original deadline – now pushed back to September as only a handful of nations made the early February goal.
Read MoreNearly 150 organisations call for clarity on biomethane certificates in GHG Protocol
A total of 144 companies and trade associations globally have urged the leadership behind the GHG Protocol to clarify the role of market instruments for renewable gases in the organisation’s Scope 1 inventory, saying a rapid deployment of biomethane is needed to meet climate goals.
Read MoreEU’s NDC stuck in limbo, pending agreement on 2040 climate target
The European Commission says its forthcoming 2040 climate plan will “inform” the bloc’s next Paris Agreement commitment for 2035, but questions persist on how the figure will be decided, as no method has yet been agreed or even discussed publicly.
Read MorePREVIEW: Article 6 methodological work underway as focus switches to implementation
The Supervisory Body for the Article 6.4 mechanism (SBM) will meet for the first time this week since the historic carbon markets agreement at COP29 in Baku, with implementation on the agenda as the UN body seeks to push forward with key methodological work for Paris Agreement carbon crediting.
Read MoreID Market: January sees increase in IDX traded volumes, but questions remain over int’l credits
Activity on Indonesia’s National Carbon Exchange (IDX Carbon) saw a jump in January, partly thanks to the commencement of international carbon credit trading on the platform, however questions linger over key elements of the scheme.
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