CWNYC24: African govt alliance forged to generate ITMO credits from large carbon reforestation project
Eleven African countries have forged a new alliance to generate ITMO credits from a large reforestation and conservation carbon project.
Read MoreCWNYC24: EU and US climate negotiators want Article 6 “in the bag” in Baku
The top EU and US climate negotiators both signalled their strong desire to finalise negotiations on Article 6 at the UN climate talks in Azerbaijan this year, they said at Climate Week NYC on Wednesday.
Read MoreOffset developer partners with Kenyan business consortium to support carbon markets, scale climate finance
A carbon offset project developer has formed a partnership with a business consortium in Kenya to scale up private sector finance in order to support carbon markets and scale climate finance in the East African nation, the partners announced Wednesday.
Read MoreIndonesia, Japan seek to promote mutual recognition of carbon trade
Indonesia and Japan are seeking to finalise an agreement that promotes mutual recognition of bilateral carbon trade this month, a move believed to be aligned with the Paris Agreement Article 6, according to a government official.
Read MoreCOP29 host Azerbaijan’s climate action ‘critically insufficient’ -report
Climate action from Azerbaijan, the host of the UN’s COP29 summit in November, has been rated “critically insufficient” by an independent analysis group, according to a report released on Sep. 24.
Read MoreCWNYC24: UK fund backs VCM with public aid, “not actively looking” at Article 6 -executive
The UK’s international development fund is backing voluntary carbon market (VCM) projects but does not seek to fund Paris Agreement Article 6 initiatives at this time, the group’s climate lead told Carbon Pulse on the sidelines of Climate Week NYC.
Read MoreCWNYC24: Singapore and US allies attempt to shore up support for nascent transition credit market
In an effort to bolster scale beyond pilot projects, US and Singaporean architects of transition crediting mechanisms vouched for the nascent market’s ability to meet eventual compliance demand during Climate Week NYC on Monday.
Read MoreSri Lanka publishes ‘positive’ list of Article 6-aligned projects
The Sri Lankan government has published a list of project activities across six sectors that will be eligible to generate credits under Article 6 of the Paris Agreement.
Read MoreAirline operators face future CORSIA compliance risk as Article 6 negotiations drag on -report
Airline operators may struggle to meet compliance requirements under Phase 2 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which starts in 2027, according to a new report.
Read MoreEU, US beginning to see eye-to-eye on Article 6 standards, says bloc’s lead negotiator
The US is beginning to cede ground in long-running negotiations over Article 6 of the Paris Agreement, showing flexibility on the EU’s demand for strong minimum standards to govern international carbon markets, the bloc’s chief climate negotiator said on Thursday.
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