COP26: UN talks compel nations to revise GHG pledges next year, shy away from coal exit
UN climate talks closed late Saturday by tasking nearly 200 nations to revise their emissions pledges within a year to “keep alive” the Paris Agreement’s 1.5C global warming goal, but the deal failed to commit to a faster coal phaseout.
Read MoreCOP26: Governments approve Article 6 emissions trade deal after overtime compromises
Delegates from nearly 200 countries approved a Paris Agreement Article 6 rulebook for international emissions trade at COP26 on Saturday, after late compromises opened the way for text that dilutes ambition upfront but sets firm long-term rules.
Read MoreCOP26: UN talks enter final phase as campaigners raise concerns about voluntary offsetting
UN negotiations over the shape of international emissions trade were set to go into an extra day amid accusations on Friday that the current text could result in a net increase in global emissions by allowing some carbon offsets to be traded without being accounted for under NDCs.
Read MoreCOP26: REDD+ moving ahead of Article 6, but questions remain on approach, integrity
REDD+ outcomes approved and tracked by the UN are moving ahead of Article 6 negotiations under the Paris Agreement, although others are pursuing alternative approaches or calling for restrictions to ensure the environmental integrity of global carbon trading.
Read MoreCOP26: Brazil seen likely to compromise on Article 6 emissions trade accounting
UN negotiations on Article 6 rules to govern international emissions trade took a step forward on Thursday when Brazil appeared to accept a compromise on accounting rules, two sources close to the process told Carbon Pulse.
Read MoreCOP26: Roundup for Day 10 – Nov. 11
Climate talks in Glasgow carry on, with negotiators having just two more full days to agree on texts before entering the more or less obligatory overtime. Check in here for the latest news and updates throughout the day.
Read MoreCOP26: ‘Game-changing’ China-US declaration promises work on near-term GHG curbs
China and the US pledged stronger cooperation to curb CO2 and methane emissions in the 2020s in a joint statement late on Wednesday, a move some experts said drastically boosted the chances of a good COP26 deal in Glasgow and more climate ambition within the next few years.
Read MoreCOP26: Roundup for Day 9 – Nov. 10
Midway through the second week of COP26, and much is still left to be done. We follow the latest developments here and update continually throughout the day.
Read MoreCOP26: Seeking Article 6 breakthrough, governments consider leaving emissions beyond pledges to the voluntary market
Negotiators working on rules to govern international emissions trade under Article 6 of the Paris Agreement are considering a fresh compromise to help break a deadlock over double counting safeguards that has lasted for nearly six years.
Read MoreSilicon Valley-backed corporate carbon offset ‘robo-advisor’ raises $3 mln in seed round
A Silicon Valley-backed ‘robo-advisor’ for high-quality offsets has raised $3 million in a fund raise to help scale its procurement platform for corporates seeking to neutralise their carbon footprint.
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