Senior EU negotiator warns against rush to push forward on Article 6
A senior EU negotiatior on Article 6 of the Paris Agreement has warned against taking a short-term approach to developing the UN markets, saying this could damage confidence in carbon pricing as a credible solution to tackle climate change.
Read MorePower sector the ‘lynchpin’ to meeting Paris goals in lower-income economies, says World Bank
The application of carbon pricing in the power sector will be crucial to meeting climate goals set under the Paris Agreement, however, approaches must be altered to the needs of low- and middle-income countries and the challenges they face, said World Bank’s latest report launched Thursday.
Read MoreSovereign carbon buyers to press ahead with Article 6 deals despite lack of UN clarity
Sovereign buyers of Article 6 carbon credits plan to press ahead on fleshing out agreements with host nations despite a lack of clarity on several key trade technicalities, describing capacity constraints as presenting as a greater obstacle to ramping up much-needed unit supply.
Read MoreAsset management firm funds major reforestation project in Malawi
An Abu Dhabi-based asset management firm announced Tuesday that it has signed a deal with a Malawi-based reforestation company to plant 6 million indigenous trees and prevent the deforestation of over 4 mln trees in the country.
Read MoreGlobal Carbon Council consults on Article 6.2 eligibility standard
The Global Carbon Council (GCC) has opened a public consultation on regulatory documents devised for GCC 2.0 – the body’s new standard that will govern Article 6.2 eligibility of projects and their issuances.
Read MoreArticle 6 needs EU leadership at COP29, urges carbon project developer
A carbon project developer has urged the EU to “resume its leadership position” on international carbon markets at COP29, citing the disappointment of last year’s UN climate summit in Dubai, at a conference in Berlin on Tuesday.
Read MoreInt’l carbon markets at ‘inflection point’, progress urgently needed on Article 6, says World Bank
International carbon markets are at a crossroads with tangible progress now desperately needed on Article 6, as well as from voluntary integrity initiatives, according to a report from the World Bank published Tuesday.
Read MoreGovt departments need to work better together for success in Article 6, says Ghana
Countries hoping for success in Article 6 need to design government departments to work better together, a key figure in the development of Ghana’s Article 6 framework said on Monday.
Read MoreIndia launches draft green hydrogen certification scheme
The Ministry of New and Renewable Energy (MNRE) in India has launched a draft of its green hydrogen certification scheme with an aim to provide a framework for the measurement, monitoring, and certification of green hydrogen production in the country.
Read MoreIndian developer signs Ghana deal for Paris-aligned cookstoves carbon project
An Indian developer has partnered with the government of Ghana and a Singapore-based asset management fund for the production and distribution of 1 million improved cookstoves across the African nation over the next five years, the company announced this week.
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