COP28: Roundup for Day 11 – Dec. 10
It is Day 11 at COP28 and all eyes are on the next 48 hours of negotiations as a cautious optimism hangs in the air. The presidency has organised small ministerial gatherings – dubbed ‘majlis’ (think ‘indabas’ from 2011’s COP17) – to find areas of agreement across key texts, including on the Global Stocktake (GST) and Article 6. A clean version has been demanded by organisers for delivery by Monday afternoon, ahead of the summit’s formal close on Tuesday. Nonetheless, as the tens of thousands of delegates start to leave Expo City, flocking back to homelands, Carbon Pulse’s team of correspondents continue to chase after news on the ground. In our daily running blog, we will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read MoreCOP28: Azerbaijan to be confirmed as host of next UN climate summit
Azerbaijan’s capital Baku will be confirmed as the next host of the annual UN climate summit, the country’s ecology minister announced at COP28 in Dubai on Saturday, after Armenia formally gave its blessing earlier in the week and Russia lifted its veto threat.
Read MoreCOP28: Roundup for Day 10 – Dec. 9
It is Day 10 – Nature Day – at COP28, where already tense negotiations about the global stocktake (GST) and Article 6 carbon markets are heating up, with announcements also seeping in on biodiversity and nature-based solutions. Week 2 is well underway, and it’s now crunch time in Dubai. Fortunately, Carbon Pulse’s hard-working correspondents are on the ground in Expo City wading through reports, gathering intel, and skulking around the sidelines of the summit so you don’t have to. In our daily running blog, we will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
Read MoreCOP28: Bolivia proposes moratorium for Article 6.4 carbon markets, observers suggest “performative” move
Bolivia has called for the ceasing of all market functions under the market-based Article 6.4 mechanism, which it sees as crowding out progress on non-market option Article 6.8, the government said in a statement released Friday at COP28 in Dubai, though observers have said the move is “performative” and is unlikely to have a significant impact on developments on the negotiated texts.
Read MoreCOP28: Roundup for Day 9 – Dec. 8
It is Day 9 of the COP28 climate conference, and weary (or wary) negotiators are returning from Thursday’s rest day. Carbon Pulse correspondents are back on the scene at Expo City, having celebrated the break in negotiations by returning to our regularly scheduled programming: reporting non-COP news. With the Russian President in the region and the mood in negotiation rooms being described as “toxic”, the UAE hosts have a big job on their hands. 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: Thailand poised to conclude first Article 6.2 carbon transfer for Paris Agreement compliance
Thailand has already issued mitigation outcomes from its landmark electric bus Article 6.2 carbon crediting programme and is “on track” to complete the first-ever transfer of an ITMO for use under an NDC national emissions pledge before the end of the COP28 conference, according to stakeholders close to the process.
Read MoreCOP28: Roundup for Day 7 – Dec. 6
It’s Day 7 of COP and Carbon Pulse journalists are still going strong as Week 1 draws to a close. ‘Urbanisation Day’ here in Dubai, and several scary reports are emerging around global warming tipping points, as progress continues in negotiation rooms on the Global Stocktake and Article 6, with phaseout language and UN carbon crediting rules in focus. The EU’s CBAM and concerns over a clean energy subsidy race are also infiltrating negotiating rooms, a key theme likely to spill over into Week 2. 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: LEAF Coalition announces first emissions reduction agreement with Brazilian state for 10 mln tonnes
A Brazilian state has become the first jurisdiction in the country to commit to sign an Emissions Reductions Purchase Agreement (ERPA) with the LEAF Coalition, which will pave the way for up to 10 mln forest carbon credits to be sold to corporate buyers once a binding agreement is inked next year.
Read MoreCOP28: Parties clash on Article 6 carbon removals text, as observers, negotiatiors describe ‘all or nothing’ scenario
A clash over carbon removals at COP28 is threatening to stall progress on developing the UN crediting mechanism, as some country negotiators wish to reopen talks over a key set of recommendations agreed ahead of the summit, which would could see a year of work “wasted”, according to multiple sources.
Read MoreCOP28: Voluntary carbon standards announce historic collaboration
Six of the major independent carbon crediting standards have announced on Monday at COP28 their intent to work together on common principles for the quantification and accounting of removals and emissions reductions, as they each seek assessment under the ICVCM’s Core Carbon Principles (CCPs).
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