Article 6 deal puts pressure on capital markets to deliver for climate, says legal expert
The deal reached at COP29 to finalise Article 6 of the Paris Agreement marked a pivotal moment for the establishment of international carbon markets. Now, the challenge lies in demonstrating that capital markets can deliver results for the climate, a leading international legal expert said on Tuesday.
Read MoreChinese conglomerate launches climate tech innovation programme
A Chinese tech major on Tuesday launched the second phase of its carbon accelerator programme, calling on proposals for low-carbon innovations globally, with the purpose of providing funding and support to the tune of tens of millions of dollars.
Read MoreFragmentation of standards a fact of life in new carbon market landscape, say experts
Fragmentation in international carbon markets is now a “reality”, and it is unlikely that there will be a single global standard for credits as countries continue to take different approaches in terms of project development, according to panelists speaking at a conference on Tuesday.
Read MoreTanzania launches $4.5 mln forest restoration initiative -media
Tanzania has announced a $4.5 million-funded programme to restore 5.2 mln hectares of degraded forests as part of its commitment to the African Forest Landscape Restoration Initiative (AFR100), according to local media reports.
Read MoreSouth Korea, UNFCCC to develop Paris-aligned voluntary carbon market
South Korea and the UNFCCC secretariat have agreed to jointly develop a global voluntary market aligned with the Paris Agreement, with detailed plans to be disclosed early next year.
Read MoreAustrian startup launches rock weathering sensor in a bid to strengthen carbon removal offering
An Austrian startup has launched a live monitoring tool for carbon removals (CDR), aiming to align with major voluntary verification standards.
Read MoreBRIEFING: US data centres, AI growth add pressure for transmission permitting reform -panellists
As data centres and artificial intelligence drives electricity demand across the US, permitting wait times for transmission lines will need to be dramatically sped up in a number of ways, panellists said Monday, from limiting lawsuits against transmission projects to centralizing permitting authority in the federal government.
Read MoreMajority of large asset managers fail to use influence to drive climate policy -report
Most of the world’s largest insurers and pension funds — representing over $17 trillion in assets — fail to use their significant influence to advocate for climate policy in line with science-based pathways to net zero, according to new analysis by a non-profit.
Read MoreEuropean country donates up to $21 mln to Brazil’s Amazon Fund
Brazil’s national development bank announced Friday that a European nation has donated up to $21.1 million to the Amazon Fund, aiming to help combat deforestation and promote sustainable development.
Read MoreINTERVIEW: US non-profit to launch Ethiopian methane carbon credit project
A North Carolina-based research non-profit is set to launch a carbon credit project in Ethiopia with a US development agency, aiming to expand its approach for reducing enteric methane emissions from small farmers’ livestock in the developing world, representatives of the organisation told Carbon Pulse on the sidelines of COP29.
Read More