COP27: UN negotiators agree on climate loss and damage facility as talks run long due to energy row
UN climate talks closed early Sunday morning with an agreement to establish a loss and damage fund for vulnerable countries, but negotiators failed to agree a peak year for emissions or extend a global coal phasedown to all fossil fuels.
Read MoreCOP27: Negotiators sign off text on UN carbon market rules that defers much to next year
Government officials adopted text on UN carbon markets on Saturday afternoon and the documents were subsequently adopted by the full COP27 in Sharm el-Sheikh, with negotiators deferring many battles until next year.
Read MoreCOP27: Parties remain at loggerheads on UN carbon market rules, opening 2023 up for Article 6 fireworks
Country negotiators striving to find consensus on key documents relating to carbon markets under Article 6 of the Paris Agreement are divided by the near-final texts as the end of COP27 approaches, multiple sources said, with moves to postpone work until 2023 looking increasingly likely.
Read MoreOntario facility to develop first-of-its-kind nuclear power offset protocol
An Ontario nuclear power generation facility plans to develop a nuclear power offset protocol with a technical advisory firm and registered with a Canadian standards body, the company announced on Tuesday.
Read MoreFEATURE – COP27: Nations scramble to get ready for international carbon trade despite UN-level Article 6 talks stumbling
Buyer and seller nations of carbon credits are rushing to develop legislative frameworks, strategies, and broaden their understanding of how best to engage in the Paris Agreement’s Article 6.2 international emissions trade provision, despite negotiations floundering at the UN level during the ongoing COP27 summit in Sharm el-Sheikh.
Read MoreCOP27: Nations set to postpone even more carbon market decisions for a year, draft suggests
Most decisions on a new UN carbon credit mechanism are set to be delayed for a year as time runs out at COP27 talks, according to draft text released on Wednesday that includes a divisive loophole to double claiming provisions that is seen as likely to grind the negotiations to a halt.
Read MoreGerman-based carbon project developer invests in another
A German-headquartered project development firm has acquired an ownership stake in another, they announced Tuesday.
Read MoreOnline spat about REDD project over-crediting may be defused by jurisdictional switch
A major project developer is considering ditching a site specific static methodology for a 21-year old REDD+ project in Africa that sparked an online spat last week over the prickly issue of over-crediting.
Read MoreCOP27: UN talks flounder on guidance for international emissions trade
The creation of rules on international emissions trade risks being delayed for another year as negotiations stumble in Sharm el-Sheikh over whether host countries can amend or even revoke their authorisation for the transfer of carbon credits.
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