COP28: Singapore progresses ICC agreements on sidelines of climate talks
Singapore has concluded negotiations with a series of nations across Asia, Latin America and Africa on implementation of Article 6 to give it access to international carbon markets.
Read MoreCOP28: French developer secures nature-based projects in the Philippines, Nigeria
A French project developer has agreed terms with local authorities to develop projects in the Philippines and Nigeria that are expected to generate tens of millions of carbon credits over coming decades.
Read MoreCOP28: Indonesia seeks to use Article 6.2 to fund floating solar projects in 2024
Indonesia is exploring using carbon credits generated under Article 6.2 of the Paris Agreement to fund floating solar projects in the country as soon as next year, as analysis this week has downgraded the rating of its climate targets and actions to “critically insufficient”.
Read MoreCOP28: Thailand poised to conclude first Article 6.2 carbon transfer for Paris Agreement compliance
Thailand has already issued mitigation outcomes from its landmark electric bus Article 6.2 carbon crediting programme and is “on track” to complete the first-ever transfer of an ITMO for use under an NDC national emissions pledge before the end of the COP28 conference, according to stakeholders close to the process.
Read MoreIndia’s biggest developer partners with major state-owned oil firm to promote solar cookstoves globally
An Indian carbon offset project developer has signed a Memorandum of Understanding (MoU) with a major government-owned oil company to promote indoor solar cooking systems at the household level in India and other developing economies, it said Wednesday.
Read MoreCOP28: Roundup for Day 7 – Dec. 6
It’s Day 7 of COP and Carbon Pulse journalists are still going strong as Week 1 draws to a close. ‘Urbanisation Day’ here in Dubai, and several scary reports are emerging around global warming tipping points, as progress continues in negotiation rooms on the Global Stocktake and Article 6, with phaseout language, and UN crediting in focus. The EU’s CBAM and concerns over a clean energy subsidy race are also infiltrating negotiating rooms, a key theme likely to spill over into Week 2. 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 MoreExchange to launch voluntary carbon contract with highest-rated credits
A Singapore-headquartered carbon exchange has teamed up with a project ratings agency to launch a new contract for the voluntary market that only includes credits from the highest-ranked projects.
Read MoreChinese firm to study feasibility of REDD+ project in Laos
A Chinese company has teamed up with the Lao government to assess the feasibility of a REDD+ project in the Southeast Asian country, local media reported.
Read MoreCOP28: A stocktake of the Global Stocktake – assessing the direction of travel after first text released
A meaty Global Stocktake (GST) negotiation text was published overnight – a document seen by some as a litmus test for success at COP28 – with all options seemingly still on the table and battles lines starting to be carved out, particularly over who wants what regarding the contentious question of a fossil fuel phaseout.
Read MoreCOP28: Bahrain oil major strikes cross-border CO2 transport deal with Japanese shipping giant
Bahrain’s biggest oil company on Tuesday signed a Memorandum of Understanding (MoU) with one of the largest shipping companies in the world for developing a carbon capture and storage (CCS) value chain.
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