COMMENT: After COP29, companies can no longer sit on the sidelines
As COP29 concludes, the progress on Article 6.4 signals potential for a robust global carbon market, but with a $1 trillion annual funding gap, companies must step up, leveraging emerging solutions like streamlined carbon credit auctions to decarbonise and secure a competitive, sustainable future.
Read MoreLATAM Roundup: Road to Belem paved with carbon market intentions after landmark Article 6 decision
As this year’s COP29 climate summit in Baku, Azerbaijan concludes with landmark decisions clinching the operationalisation of Article 6.2 and 6.4 carbon markets – with Brazil said to have played a key diplomatic role – expectations for COP30 in Belem, Brazil have highlighted the rise of Article 6 as a priority for the region.
Read MoreSouth Korea, Malaysia to work together on international emissions reduction projects
South Korea and Malaysia have teamed up to cooperate on GHG emissions initiatives, initially targeting a landfill project based in Terengganu state.
Read MoreCOP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
Read MoreCOP29: Countries clinch Article 6 deal in momentous win for international carbon markets
Negotiators from nearly 200 countries have reached a historic agreement on international carbon markets at COP29, in a decision that finally concludes the rules governing the trading and crediting of mitigation outcomes under Article 6 of the Paris Agreement.
Read MoreCOP29: Countries on cusp of historic Article 6 deal in Baku as final texts land
Negotiators from nearly 200 countries could be on the verge of a historic agreement on international carbon markets at COP29, after presidency proposal texts were published late on Friday and multiple sources said that consensus may now be present on the key outstanding technicalities of international carbon trade under Article 6.
Read MoreCOP29: India “in talks” with Singapore, South Korea for ITMO deals -sources
India is in talks with the governments of South Korea and Singapore to sign agreements on a framework for the transaction of Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, sources have told Carbon Pulse on the sidelines of COP29 in Baku.
Read MoreCOP29: Roundup for Day 12 – Nov. 22
It is Day 12 at COP29 in Baku – the final scheduled day in Baku. New texts on climate finance and Article 6, as well as other streams, are expected to drop from midday, though the state of play on the NCQG is that the goal appears to be in disarray. This in turn is threatening a previously-expected deal on carbon markets. Buckle up! 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: UK commits over £200 mln to support international forest carbon markets
The UK has pledged to commit £239 million in funding to support forest-rich nations worldwide conserve nature and biodiversity through the development of voluntary carbon markets, the government announced on the sidelines of COP29 on Friday.
Read MoreCOP29: Roundup for Day 11 – Nov. 21
It is Day 11 at COP29 in Baku – Nature Day. New texts on climate finance and Article 6 dropped first thing this morning in Baku, with parties and negotiating blocs scrambling to pressers to share their views, as side events at country pavilions begin to wrap up. 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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