COP29: Roundup for Day 8 – Nov. 18
It is Day 8 at COP29 in Baku – Youth Day. At the midway stage, negotiations are going well on Article 6, but poorly elsewhere. Parties clashed on the Mitigation Work Programme (MWP) over the weekend, which appears set to be punted to next year’s summit, and talks on finance are said to be dire. Can things turn around this week, and will countries finally get carbon markets talks over the line? In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
Read MoreCOP29: Benin, Norway sign bilateral Article 6 agreement
Norway and Benin on Sunday signed a bilateral Article 6 agreement at COP29, according to a government press release.
Read MoreCOP29: Southeast Asian industry bodies partner to form alliance on ASEAN carbon market framework
Five carbon market associations have signed a Memorandum of Collaboration (MoC) at COP29 in Baku to advance regional cooperation within the Association of Southeast Asian Nations (ASEAN).
Read MoreCOP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups
A provision that “encourages” scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.
Read MoreCOP29: UAE 2035 NDC target falls short of 1.5C alignment -report
The United Arab Emirates’ new 2035 Paris Agreement pledge sets an emissions reduction target aligned with a 1.5C temperature limit, but its overall commitments are not compatible because of a weak 2030 goal, according to analysis published Monday.
Read MoreCOP29: IEA considers buying clean cooking carbon credits, Verra unsure on ambition level in UN methodology
The International Energy Agency (IEA) is interested in purchasing clean cooking carbon credits, a representative confirmed Monday at the COP29 climate summit, while a senior member at Verra said the voluntary standard remained in a wait-and-see stance for a new UN-backed methodology for the sector.
Read MoreCOP29: Roundup for Day 6 – Nov. 16
It is Day 6 at COP29 in Baku – Science Day. It’s the final day negotiators have with the texts before they’re handed over to the presidency and appointed ministers, although not much progress is expected on finance in the next 24 hours. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).
Read MoreCOP29: BRIEFING – Pakistan launches carbon market regulations
The federal government of Pakistan unveiled its international carbon market regulations at COP29 in Baku on Saturday following two years of work, including fee structures for international credit transactions, and is expected to launch a national carbon registry by Q1 2025.
Read MoreCOP29: CDM negotiations a mess as Article 6 forwarded to second week
The SBSTA UN advisory body has laid out final exit protocols for the Kyoto-era Clean Development Mechanism (CDM), predecessor to the Paris Agreement Crediting Mechanism (PACM), at COP29 in a draft text.
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.
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