UK climate advisors urge 81% emissions cut by 2035, no use of international credits to meet NDC
The UK should commit to cutting its greenhouse gas emissions by 81% from 1990 levels by 2035, the country’s Climate Change Committee (CCC) has recommended, as part of the country’s updated contribution to the Paris Agreement ahead of the COP29 climate summit in Azerbaijan next month.
Read MoreFirst Ghana Article 6 deal timeline shifts to early 2025
Ghana is on track to transact its first batch of Article 6 carbon credits before the end of Q1 2025, according to government officials.
Read MoreCanadian financier receives over 1 mln Article 6 credits from Rwandan cookstove project
A Toronto-headquartered carbon project financier announced Friday that it has received a second tranche of more than 1 million Article 6 authorised credits from its Rwandan cookstove project.
Read MoreArticle 6 trades could begin flowing next year if COP29 can finalise rules -panel
Stakeholders said Thursday that, if COP29 negotiations can iron out the remaining wrinkles around Article 6, carbon trading under the Paris Agreement may begin to pick up starting in 2025 or 2026.
Read MoreBRIEFING: Article 6 hoped to resolve issues slowing down Indonesia’s, Vietnam’s energy transition
Funding brought about via Article 6 of the Paris Agreement is hoped to overcome the complex policy and engineering challenges faced by Indonesia and Vietnam in decarbonising their electricity grids, experts on a panel said Thursday.
Read MoreWorld Bank forest carbon programme makes record $111 mln in payments in 2024
The World Bank’s Forest Carbon Partnership Facility (FCPF) in FY24 disbursed a record $111 million from the Carbon Fund and made multiple arrangements to integrate its jurisdictional REDD+ (J-REDD) programmes into international markets as the fund’s closure looms in 2028.
Read MoreInternational organisations including WTO, IMF unveil framework to standardise approach to carbon pricing
A coalition of leading international organisations, including the World Trade Organization (WTO), the International Monetary Fund (IMF), and the World Bank, has introduced a new framework to standardise carbon pricing metrics, aiming to improve transparency and enhance global climate action.
Read MoreInvestors increasingly speculating on Article 6 credits, says ratings agency
Demand-side signals for Article 6 credits are positive, with investors increasingly speculating on the units expected to be approved for trade, a rating agency representative told a conference Wednesday.
Read MoreIndia open to add more carbon removals technologies to offset mechanism -official
The Indian government is open to bringing more carbon removal technologies under its offset mechanism, an official told Carbon Pulse on the sidelines of a conference Tuesday.
Read MoreBRIEFING: EU will push for more climate finance contributors and better transparency at COP29
The EU will go to Baku next month stressing the need to widen the base of contributors to a bigger global climate finance goal – including big emerging, and polluting, economies and greater private sector investment, according to agreements reached by ministers and parliamentarians ahead of the COP29 summit.
Read More