COP16: ANALYSIS – Cali talks hang in balance as nations struggle to advance toughest issues
Negotiators at the UN biodiversity summit in Cali scored some minor victories during the first half of the talks, but all the major issues remain deadlocked and will likely need ministers to put real money on the table next week to be resolved, according to experts.
Read MoreCOP16: Biodiversity credit standard launches with focus on forest production landscapes
A Swedish consortium on Saturday announced a global biodiversity credit standard focused on production landscapes, with plans to establish an independent, non-profit standard-setting organisation within six months.
Read MoreCOP16: BRIEFING – UN biodiversity talks fuel optimism for ocean track
UN negotiations in Colombia have led to “excellent progress” towards creating a new process for identifying key marine biodiversity areas, in a move that observers consider essential for achieving some of the most critical global ocean targets.
Read MoreCOP16: African organisation, German nature tech outfit to market $35 mln of nature units
Africa’s largest conservation organisation and a Germany-based nature tech company are set to issue 14,000 nature units, for a total value of approximately $35 million, generated through conservation projects across four African countries, Carbon Pulse has learned.
Read MoreCOP16: INTERVIEW – Biodiversity credits should be rethought as contributions to national strategies
A France-based organisation has published a market framework to align biodiversity credit projects with national strategies, enabling companies to claim their contribution to governments’ targets on nature, the co-founders told Carbon Pulse.
Read MoreCOP16: INTERVIEW – Bioenergy flies under the radar at biodiversity negotiations
Contentious government support for bioenergy could qualify as a subsidy harmful to biodiversity under the Kunming-Montreal Global Biodiversity Framework (GBF), but the topic could be sidelined entirely at COP16 by the focus on other agenda items, an NGO policy expert has told Carbon Pulse.
Read MoreUK climate advisors urge 81% emissions cut by 2035, no use of international credits to meet NDC
The UK should commit to cutting its greenhouse gas emissions by 81% from 1990 levels by 2035, the country’s Climate Change Committee (CCC) has recommended, as part of the country’s updated contribution to the Paris Agreement ahead of the COP29 climate summit in Azerbaijan next month.
Read MoreFirst Ghana Article 6 deal timeline shifts to early 2025
Ghana is on track to transact its first batch of Article 6 carbon credits before the end of Q1 2025, according to government officials.
Read MoreCOP16: CSO letter with over 140 signatories calls for greater finance, protection for water and wetlands
A joint letter signed by over 140 civil society organisations (CSOs) and experts has laid out priority areas for promoting the health of water and wetlands, highlighting COP16 themes of finance and the nature-climate nexus.
Read MoreVerra updates VCM methodology for IFM projects that seek to prevent logging
Carbon standards body Verra this week released an updated version of methodology for Improved Forest Management (IFM) projects that seek to earn carbon credits through preventing logging.
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