COP29: Zambia’s carbon markets bill explicit on fees, vague on integrity
A Zambian climate bill up for public consultation this month, publicised on Monday, lists several layers of government approval and fees for carbon trading but does not elaborate on its high-level principles for environmental integrity.
Read MoreCOP29: INTERVIEW – Namibia’s draft regulations on compliance carbon markets to be out next year
The Namibian government will release draft carbon market regulations in 2025, once it has clarity of the rules underpinning the UN’s international market mechanism, an official told Carbon Pulse at the COP29 climate summit in Baku.
Read MoreCOP29: INTERVIEW – Uganda backs Article 6 where voluntary market, foreign contributions fall short
Uganda is looking to Article 6 projects to help finance sustainable development, particularly given the limitations of the voluntary carbon market (VCM) and international finance goals, a senior official told Carbon Pulse on the sidelines of COP29.
Read MoreCOP29: 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).
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