COP29: “Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
“Dark vessels”, or ships that disable their tracking systems, are responsible for at least 7% of global maritime emissions, secretly releasing more than 80 million tonnes of CO2 annually, while unfettered methane output from the oil and gas sector is contributing to the unrelenting rise in global greenhouse gas emissions.
Read MoreCOP29: INTERVIEW – Morocco readies Article 6 framework, expects ITMO offtakes in 2025
Morocco will launch and implement an Article 6 framework in the coming months, culminating in offtake agreements involving millions of Internationally Transferred Mitigation Outcomes (ITMOs), according to a government advisor speaking to Carbon Pulse on the sidelines of COP29 in Baku.
Read MoreCOP29: Turkish ETS auctions to start in 2026 -official
Turkiye’s ETS will see installations required to report their emissions in 2025, and purchase allowances in 2026, the country’s deputy director of climate change told Carbon Pulse at COP29, where the country also presented its long-term strategy for how it plans to hit carbon neutrality by 2053.
Read MoreDeveloped countries should take on extra carbon reduction, removal onus on top of national targets -researchers
With the global carbon budget for a 1.5 C rise in temperatures set to be exceeded, researchers have floated the idea of assigning rich countries responsibility for extra emissions reductions and carbon removals in addition to achieving their own national targets.
Read MoreCOP29: UN regional centres helping to build global Article 6 capacity
UN Regional Collaboration Centres (RCCs) channelling funds from the Clean Development Mechanism (CDM) have played a key role in developing notable Article 6 and carbon pricing initiatives in the Global South, with ongoing projects expected to yield further concrete outcomes in the near and medium term.
Read MoreEmissions from private jets climb nearly 50% during 2019-23, study finds
Private jets are contributing an increasingly significant share to global carbon emissions, with emissions rising nearly 50% over the last four years, according to a new study.
Read MoreUPDATE – UAE commits to near-50% emissions cuts in new UN national climate plan
The UAE has included steep emissions reduction levels in its third Nationally Determined Contribution (NDC), published Wednesday, pledging a 47% drop by 2035 compared to a 2019 baseline, though some observers remain sceptical about the stated increase in climate ambition.
Read MoreUAE energy firms team up with Microsoft to drive decarbonisation solutions
Two Abu Dhabi-based energy companies have partnered with Microsoft to explore decarbonisation solutions, including the use of AI to advance carbon capture, low-carbon hydrogen, and ammonia projects.
Read MoreGold Standard launches second public consultation of coal phase-out methodology
The second public consultation on Gold Standard’s coal plant decommissioning methodology launched Tuesday, seeking additional feedback on leakage, embodied emissions, and just transition requirements.
Read MoreFII24: INTERVIEW – Global North compliance schemes should be open to Global South credits, says Kenyan DAC CEO
Compliance carbon markets in the Global North should be open to accepting high-quality carbon removal credits from Africa, with any argument to the contrary illogical, the CEO of a Kenyan direct air capture (DAC) project developer told Carbon Pulse.
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