COP28: Article 6 provides more “transparency” than voluntary carbon, says Zambia
Selling carbon credits under Article 6 of the Paris Agreement provides host countries with greater transparency over their climate assets via a more procedural and formal process, Zambia’s environment ministry said on the sidelines of COP28.
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: Gold Standard expands work with governments on aligning carbon markets
Certifier Gold Standard on Friday announced a new work programme to support government efforts to develop carbon market initiatives and deepen alignment between international standards and emerging national frameworks.
Read MoreCOP28: NGOs urge nations to prevent carbon project “landgrabs”, citing UAE developer activity
An open letter signed by multiple environmental groups has urged signatories to the UN Paris Agreement to protect countries against what they describe as “landgrabs” from carbon project developers.
Read MoreCOP28: Major EU utility launches UAE-based carbon markets subsidiary
A large European utility has formally launched a subsidiary based in the UAE as it aims to scale involvement in carbon markets, according to a release Thursday.
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 MoreEast African nations should prioritise certain GHG mitigation project types for maximum impact -study
Identifying and prioritising mitigation technologies or activities could assist East African countries in developing “positive lists” that can be used to help combat climate change through the operationalisation of the Paris Agreement’s Article 6, according to a new study.
Read MoreCOP28: PREVIEW – Hosts to push voluntary carbon as markets eye convergence with UN rules
Hosts UAE plan to push voluntary carbon markets (VCM) at COP28, with regional involvement likely to ramp up at the summit, announcements expected on new and existing crediting initiatives, and stakeholders anticipating preparations for the convergence of private-sector markets and government ones under the UN Paris Agreement’s Article 6, in light of a rising number of international bilateral trade agreements and a wider drive towards raising integrity.
Read MoreCOP28: PREVIEW – Article 6 negotiations to focus on technicalities of international carbon trade
With the UN body mandated to shape the carbon crediting mechanism under Article 6 of the Paris Agreement having already produced its final recommendations, the focus on markets in negotiations at COP28 will be on finalising technical details relating to the international trade of units, such as determining the rules around national authorisation of transactions, the transparency of reporting, and establishing safeguards for the mechanism.
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 More