COP16: Group launches bioeconomy coalition to scale sustainable markets, finance in the Amazon
A group of over 20 organisations on Wednesday launched a coalition to promote bioeconomy across the Amazon region, looking at the biodiversity credit market as a possible means to scale financing.
Read MoreSenior Specialist, Carbon Markets, Chemonics International – Remote (US)
The Carbon Markets Senior Specialist’s role is to work with the Senior Climate Finance Advisor, and independently as required, to provide technical advisory services to existing clients and new business processes, supporting the technical design and implementation of high-quality nature-based carbon projects.
Read MoreFII24: We want our exchange to challenge CBL dominance of the carbon spot market, says Saudi VCM CEO
Saudi Arabia has global ambitions for its soon-to-launch carbon credit exchange, and is aiming for the platform to compete with the CBL exchange that currently dominates voluntary carbon market trades, the CEO of the country’s state-backed VCM company told Carbon Pulse on Wednesday.
Read MoreBRIEFING: Strong climate finance outcome is possible at COP29, experts say
A strong outcome for a new global climate finance goal is possible at COP29 in Baku, with negotiators coalescing around the scale of finance required, though the nitty gritty of where that capital should come from and which countries should contribute is still up in the air, experts said on Wednesday.
Read MoreOmbudsman says International Finance Corporation’s emissions rules are too weak
The World Bank Group’s International Finance Corporation (IFC) is failing to enforce its own greenhouse gas emission requirements with clients, which already fall short of what is needed to meet the Paris Agreement’s 1.5C temperature goal, the finance institution’s ombudsman warned.
Read MoreLiberia steps up plans to sell forestry credits under Paris Agreement
The densely forested west African country of Liberia is looking to harvest Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement after signing a letter of engagement with the Coalition of Rainforest Nations (CfRN), it was announced Wednesday.
Read MoreCOP16: Guterres urges governments to ramp up efforts on nature financing, national plans
Governments at the ongoing COP16 biodiversity summit must ramp up their efforts to break the deadlock on the toughest issues under discussion, as talks still hang in the balance with only two days to go, the UN secretary-general told a press conference on Wednesday.
Read MoreEuro Markets: EUAs give up two days of gains on technical, energy selling after COT shows funds cut shorts
EU carbon allowance prices fell back on Wednesday amid a wider retreat in energy markets, as weekly positioning data showed speculative players had cut their net short position in carbon significantly, easing the upward pressure on prices, while investment funds continued to add length in natural gas.
Read MoreFEATURE: CBAM fourth quarterly report spooking EU importers, low compliance expected
Many companies importing goods covered by the EU’s carbon tax will fail to report their actual emissions data in time for the European Commission Thursday deadline – as they struggle to navigate difficult reporting requirements, inconsistencies, and flaws in the policy, according to consultancies and businesses.
Read MoreEuropean Greens lay out Article 6 demands for COP29 climate summit
European Greens are calling on countries to clinch an ambitious agreement on Article 6 of the Paris Agreement governing international carbon markets and the trade of emission reductions, saying rich countries must fulfil their climate obligations first rather than seek credits from emission reductions projects abroad.
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