COP25: Testing Article 6 talks delayed for second year after marathon UN climate summit
Marathon UN climate talks in Madrid finished on Sunday afternoon without agreeing rules for international emissions trade under the Paris Agreement’s Article 6, as beleaguered hosts Chile pushed the record-long summit to try to broker a deal on a handful of sticking points.
Read MoreCOP25: Roundup for Saturday and Sunday, Dec. 14-15
A marathon overnight session to develop an outcome for the UN climate summit was widely panned on Saturday morning, while negotiations on the highly contentious Article 6 rulebook for Paris-era international emissions trade continued.
Read MoreCOP25: Amid record high carbon prices, South Korea pins hopes on UN solution
South Korean negotiators play a far more active role than usual at this year’s UN climate negotiations in Madrid, hoping to push through rules that would allow Korean ETS firms to buy up to 55-60 million international carbon credits annually throughout the 2020s in a bid to avoid runaway domestic CO2 prices.
Read MoreCOP25: Roundup for Friday, Dec. 13
New Article 6 text dropped well behind schedule at the UN climate summit on Friday, with numerous contentious issues still remaining on agreeing the rulebook to international emissions trading under the Paris Agreement.
Read MoreCOP25: Roundup for Thursday, Dec. 12
Negotiations on the rulebook with International emission trade plodded along in Madrid on Thursday, as slow progress on other elements of operationalising the Paris Agreement solicited fears the UN Climate Summit would once again run well into the weekend.
Read MoreCOP25: Minnesota LCFS programme in early stages -official
The US state of Minnesota is in the early stages of researching a low-carbon fuel standard (LCFS) to help reduce emissions from the transportation sector, a state official said Thursday at a UN COP25 side event.
Read MoreCOP25: TCI states to unveil allowance cap, pricing levels next week
The Transportation and Climate Initiative (TCI) collaborative will release potential ETS cap levels and allowance price expectations as part of the draft Memorandum of Understanding (MOU) that will be published next week, a US state official said at the UN climate summit Thursday.
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