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COP27: Roundup for Day 9 – Nov. 15

Published 23:58 on November 15, 2022  /  Last updated at 01:11 on November 16, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

It’s Tuesday of week two at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today’s other news and announcements from the summit. Timestamps in local time (EEST, GMT+2).

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COP27: Are CBAMs bad for climate multilateralism?

Published 20:36 on November 15, 2022  /  Last updated at 23:02 on November 15, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, CBAM, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, Middle East, New Zealand, South & Central, South Korea, Switzerland, US  /  No Comments

The EU’s proposed carbon border adjustment measure (CBAM) was discussed at several events on the sidelines of the COP27 UN climate negotiations on Tuesday, with experts debating whether the policy aligns to the multilateralism spirit of the Paris Agreement.

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COP27: Three-quarters of OECD on course for 2030 coal exit as corporates shift focus to financing fossil fuels in Africa

Published 01:01 on November 15, 2022  /  Last updated at 19:44 on November 14, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South Korea, Switzerland, US  /  No Comments

Countries that belong to the Organisation for Economic Co-operation and Development (OECD) are set to close three-quarters of their coal power plants by 2030, but research shows that fossil fuel companies mostly based in such nations have begun to ramp up new investment in Africa instead.

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COP27: Roundup for Days 6-8 – Nov. 12-14

Published 23:35 on November 14, 2022  /  Last updated at 01:30 on November 15, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Paris Article 6, South Korea, Switzerland, US, Voluntary  /  No Comments

It’s the second Monday – Water and Gender Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today’s news from the summit as well as announcements over the weekend. Timestamps in local time (EEST, GMT+2).

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COP27: Bigger climate finance goal on horizon as $100 bln shortcuts blasted

Published 20:06 on November 14, 2022  /  Last updated at 22:13 on November 23, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, Other APAC, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Several high-level representatives from rich countries noted on Monday the need to mobilise much greater levels of climate finance flows to vulnerable countries, responding to developing country lambasting of the current $100 billion promise as “insufficient” and “broken.”

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VCM Report: Nature-based contracts crash lower amid lack of prompt demand

Published 19:09 on November 14, 2022  /  Last updated at 01:40 on November 15, 2022  /  Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, International, Japan, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary  /  No Comments

Spot and nearby futures for nature-based solutions continued to sink lower in the past week despite a raft of upbeat announcements of investment in the voluntary carbon market (VCM) at COP27 in Egypt.

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COP27: US-China agree to resume formal climate talks, giving hope after lacklustre beginning to second week

Published 17:22 on November 14, 2022  /  Last updated at 17:26 on November 14, 2022  /  Americas, Asia Pacific, Australia, Canada, China, Climate Talks, International, Japan, Mexico, Middle East, New Zealand, Paris Article 6, South Korea, US  /  No Comments

The US and China will resume official talks on climate change, after their leaders held a meeting at the G20 Summit in Bali on Monday, raising hopes that the move will spur substantial progress to the so-far sluggish COP27 negotiations in Sharm el-Sheikh.

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COP27: Chile, Morocco, and India close in on leading European nations in annual climate change performance index

Published 13:36 on November 14, 2022  /  Last updated at 13:36 on November 14, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, South Korea, Switzerland, US, Voluntary  /  No Comments

In a report announced at the UN’s annual climate in Egypt, several countries including Chile, Morocco, and India have emerged as consistently performing well across metrics that consider emissions per capita, policy outlook, and energy use as they edge nearer to leading Scandinavian nations, but no single country was found to be on a 1.5C-aligned pathway.

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COP27: Australia back on the global climate stage as it pushes institutions on green finance

Published 11:30 on November 14, 2022  /  Last updated at 18:28 on November 14, 2022  /  Asia Pacific, Australia, Climate Talks, International, Japan, Mexico, Middle East, New Zealand, Paris Article 6, South Korea, Switzerland, US  /  No Comments

Australia is pressuring multilateral finance institutions, such as the World Bank, to unlock climate finance for developing nations, as it seeks to re-establish itself as an international leader on the climate change after almost a decade of policy stubbornness on the world stage.

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Carbon credit ratings firm BeZero Carbon raises $50 mln for global expansion

Published 00:01 on November 14, 2022  /  Last updated at 18:04 on November 11, 2022  /  Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary  /  No Comments

BeZero Carbon has secured $50 mln in second round funding as it seeks to establish itself as the market leading ratings agency in the global voluntary carbon market.

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