Article 6 negotiators decide to push emissions avoidance decision out to 2028
In a late move at mid-year UN climate talks in Bonn, country negotiators formally decided Thursday to try and clean up the Article 6 process by pushing several “spicy” topics out to future years, notably including that of emissions avoidance, easing the workload ahead of COP29 in November.
Read MoreTalks on a new global climate finance goal grind to a halt at UN mid-year climate conference
Negotiations on setting a new global climate finance goal have been pushed out to later this year without a clear path for progress ahead, as national diplomats reached an impasse at the mid-year UN climate talks in Bonn on Tuesday.
Read MoreBRIEFING: Mood calm in Bonn as Article 6 negotiators appear to have put Dubai chaos behind them
Article 6 negotiators look to be making progress on the technicalities of international carbon trade rules during a crucial UN climate conference in Bonn this week and next, with observers describing the mood in talks as constructive and certain factions appearing open to compromise on key sticking points.
Read MorePREVIEW: Observers call for “reset” in Article 6 talks in Bonn, with UN carbon trading technicalities to take centre stage
After chaotic scenes in Dubai at COP28, observers have called for calm on Article 6 talks taking place during a crunch UN intersessional climate summit in Bonn this week, with the technicalities of how to organise sovereign carbon trading rules expected to come into focus.
Read MoreFEATURE: Article 6 additionality for renewables should be determined case-by-case, say market rule-makers
Article 6 negotiators and voluntary carbon market (VCM) standards could justifiably exclude some renewable energy projects out of hand due to additionality hazards, but others require careful case-by-case consideration, say watchdogs and stakeholders who spoke to Carbon Pulse.
Read MoreBrazilian bank opens auction for 1 mln Kyoto-era carbon credits through World Bank programme
A state-owned Brazilian financial institution is accepting bids for 1 million Certified Emissions Reductions (CERs) generated through a waste handling programme launched in 2012 with the support of the World Bank.
Read MoreCOP29 host expects parties to find “tangible” Article 6 outcome in Baku
Ensuring a clear outcome on Article 6 will be a priority for Azerbaijan at the UN COP29 summit in November, the country’s President-Designate told an international event in Paris on Tuesday.
Read MoreEight voluntary carbon standards update crediting programmes seeking CORSIA eligibility
ICAO, the UN agency that operates CORSIA, has confirmed the eight voluntary carbon standards that submitted material updates to crediting programmes as they seek eligibility for the current phase of the UN’s international aviation offsetting scheme.
Read MoreArticle 6 Supervisory Body agrees on grievance mechanism procedure in “significant” milestone
The body mandated to shape UN carbon crediting under Article 6 has adopted procedures relating to grievances, notably getting rid of fees for those wanting to make complaints, in what observers have welcomed as a “significant” milestone.
Read MoreANALYSIS: Voluntary carbon actors eye narrative change but demand still lacking
Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.
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