COP29: Senegal gears up for Article 6 with Norway deal, national policies -official
Senegal’s environment ministry is preparing to leverage Article 6 carbon markets in support of national and international climate goals, according to statements made on Tuesday by a senior official at the COP29 global climate summit in Baku, Azerbaijan.
Read MoreCOP29: Singapore, Japan set overseas carbon credit targets for 2030 NDC
Singapore and Japan have formulated purchase targets for Paris-aligned carbon credits through 2030.
Read MoreCOP29: BRIEFING – UN “on cusp” of first Article 6 carbon credit issuances
Thousands of projects have already applied to transition to the new Paris Agreement carbon crediting mechanism and hundreds of proponents have signalled interest in developing new activities, and with interim UN registry infrastructure to be ready in a few weeks, the first issuances can be processed in early 2025, according to experts.
Read MoreCOP29: Norway signs slate of Article 6 agreements through new $740 mln funding facility
The Norwegian government is signing agreements with four developing countries in Baku through a new Article 6 financing initiative in support of the Nordic country’s national and UN climate targets.
Read MoreSouth Korean project developer gears up for expansion in Africa, Central Asia
A carbon offset project developer from South Korea has secured international partnerships for its expansion into Africa and Central Asia, as it seeks to diversify its project portfolio and seize opportunities in international carbon markets.
Read MoreCOP29: Singapore, Zambia sign Article 6 MoU
Singapore and Zambia Tuesday signed a Memorandum of Understanding (MOU) to collaborate on carbon credits aligned with Article 6 of the Paris Agreement.
Read MoreCOP29: 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
Four national 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.
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