COP27: Roundup for Days 6-8 – Nov. 12-14
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).
Read MoreCOP27: Bigger climate finance goal on horizon as $100 bln shortcuts blasted
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.”
Read MoreVCM Report: Nature-based contracts crash lower amid lack of prompt demand
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.
Read MoreCOP27: Chile, Morocco, and India close in on leading European nations in annual climate change performance index
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.
Read MoreCOP27: Australia back on the global climate stage as it pushes institutions on green finance
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.
Read MoreCarbon credit ratings firm BeZero Carbon raises $50 mln for global expansion
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.
Read MoreCOP27: Carbon market players exasperated over prospect of Article 6.4 grievance mechanism, as parties “far apart” on issues
Carbon market players have raised long-running concerns about the prospect of a grievance mechanism being designed under Article 6.4 of the Paris Agreement at COP27 in Sharm el-Sheikh, as little progress was made by parties Saturday.
Read MoreCOP27: Roundup for Day 5 – Nov. 11
It’s Friday – Decarbonisation Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today’s other, related news from the summit. Timestamps in local time (EEST, GMT+2).
Read MoreCOP27: Roundup for Day 4 – Nov. 10
It’s Thursday – Science Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with related developments throughout the day. Timestamps in local time (EEST, GMT+2).
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