BRIEFING: 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 MoreArticle 6 markets unlikely to scale until end of decade, says expert
Large volumes of sovereign carbon credits traded between countries under Article 6.2 of the Paris Agreement are unlikely to be seen until the end of the decade, a panel heard Tuesday.
Read MoreINTERVIEW: South Pole ushers in new era with pivot to carbon removals, Article 6
Carbon asset developer and consultancy South Pole has emerged following a significant period of transition and is preparing for a new phase, with a focus on carbon removals and Article 6 markets, its CEO told Carbon Pulse.
Read MoreInvestors keeping away from carbon credits while funding climate technologies, conference hears
Investors including multilateral organisations are keeping their distance from carbon credits due to the volatile nature of the market while funding technologies to accelerate climate action, a conference heard Tuesday.
Read MoreRussia to put forward plans for int’l carbon market at COP29 -media
Russia will present ideas for creating an international carbon market at the UN climate summit COP29 in Baku next month, local news outlets have reported.
Read MoreRating agencies could help to scale Article 6 market, says expert
Rating agencies should expand into assessing letters of authorisation for Article 6-aligned projects, a carbon market veteran said on Thursday.
Read MoreANALYSIS: UN Article 6 body underscores ‘bottom-up’ approach in core standards, key carbon removal elements still need clarity
Flexible, non-prescriptive approaches are staple features of the carbon crediting methodologies and removals standards, adopted by a UN body last Thursday, in a bold move that experts see as a major step forward towards carbon crediting under the Paris Agreement’s Sustainable Development Mechanism (SDM).
Read MoreAchieving Paris goals feasible, can be compatible with economic growth -report
Achieving the targets of the Paris Agreement is feasible and can be done in a way that is consistent with economic growth and improves the overall quality of life, a report released Thursday has found.
Read MoreParties poised to find early agreement on Article 6 in Baku, say EU sources
Long-awaited agreement on Article 6 of the Paris Agreement, which governs UN carbon crediting and international mitigation outcome trade, could be finalised by end of the first week at COP29, according to EU sources.
Read MoreGGGI launches facility to catalyse $500 mln for ITMO purchases by 2030
The Global Green Growth Institute (GGGI) has launched a facility to support scaling of international carbon trading under Article 6 of the Paris Agreement and catalyse up to $500 million solely for the transactions of Internationally Transferred Mitigation Outcomes (ITMOs) by 2030, it announced Wednesday.
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