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The Energy Transition Accelerator (ETA), a coalition of carbon credit buyers and sellers, will launch next year to provide revenue to support developing countries on their road to a clean energy transition, as an accompanying core framework and initial pilot countries were also announced at COP28 Sunday.

Exclusive: UAE’s Sultan Al Jaber says phase-out of coal, oil and gas would take world ‘back into caves’

• Cop28 live – latest updates

The president of Cop28, Sultan Al Jaber, has claimed there is “no science” indicating that a phase-out of fossil fuels is needed to restrict global heating to 1.5C, the Guardian and the Centre for Climate Reporting can reveal.

Al Jaber also said a phase-out of fossil fuels would not allow sustainable development “unless you want to take the world back into caves”.

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Norway and Morocco have signed a Memorandum of Understanding (MoU) to cooperate on Article 6 of the Paris Agreement, they announced on Saturday at the UN climate conference COP28 in Dubai, making it the third such agreement Norway has signed in the past few weeks.

A climate investment platform launched a whitepaper at COP28 to address what it has described as "common misconceptions" around the voluntary carbon market (VCM), proposing steps to help it scale and address the "headwinds" it currently faces.

The world leaders’ summit is over, and the negotiators take centre stage. Sunday’s official themes are health, relief, recovery and peace

The British prime minister, Rishi Sunak, has been facing criticism at home for the brevity of his visit to the climate conference, having visited for less than a day. He has also been accused of hypocrisy for pushing for a phase-out of fossil fuels only weeks after approving new oil and gas licences in the North Sea.

Al Gore, the former US vice-president, said: “I am not impressed with prime minister Sunak’s climate policies. I think they’re terrible. They’re very disappointing.”

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Rwanda has launched a 56-page carbon market framework at COP28, which focuses on establishing readiness for crediting and international trade under Article 6 of the Paris Agreement, also announcing two bilateral agreements with Asian countries.

It's Day 4 of COP28 and the focus begins to move away from world leaders, after a busy few days filled with international pledges, towards the nitty gritty of negotiations in Dubai. The devil, as they say, will be in the details in terms of progress on the global stocktake, as well as on carbon markets. Oh, and today is the first ever Health Day at a UNFCCC COP.  In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

Singapore has signed a Memorandum of Understanding (MoU) with Rwanda at COP28 in Dubai, as the Southeast Asian country continues seeking international partnerships leveraging the Article 6.2 bilateral approaches of the Paris Agreement.

The death of a fan at a Taylor Swift concert in Rio during throws up challenges for tour promoters.

Partners and backers of the Blue Mediterranean Partnership on Saturday announced €9.5 million in new funding for the initiative, with additional funding expected to materialise over the next few months as efforts are geared up to support the marine biodiversity hotspot.

A new initiative has launched on sidelines of COP28 in Dubai that will seek to combine Indigenous knowledge and mapping technology to help governments in their efforts to protect 30% of their terrestrial and marine areas by 2030.

Philanthropic funding will be needed to address capacity gaps in low- and middle-income countries and facilitate high-integrity carbon markets, according to a report released Sunday.

The Caribbean island of Dominica has signed a Memorandum of Understanding (MoU) with UAE-based carbon credit project developer and buyer Blue Carbon at COP28 in Dubai, focusing on mitigation and carbon removal initiatives across several sectors.

W.A. government to spend $220 million to ensure failed coal mine stays open long enough to build replacement wind, solar and battery storage capacity.

The post W.A. to spend $220 million to keep failed coal mine on line till 2026 appeared first on RenewEconomy.

Australia and 117 other countries sign pledge at COP28 to triple renewables by 2030 and double energy efficiency.

The post Australia signs up to COP pledge to triple renewables by 2030, double efficiency appeared first on RenewEconomy.

New report finds residential gas use could decrease to zero by 2042, and industrial gas use by 63%.

The post Looming gas supply shortfall could be eradicated by electrification and energy efficiency appeared first on RenewEconomy.

As leaders gather in Dubai for the UN climate summit, experts say global warming is having a ‘profound effect' on health.

People in the Hunter and Illawarra fear offshore turbines could damage marine life and tourism, but parties are accused of ‘weaponising’ the issue

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Frank Future didn’t expect to find an ally in Peter Dutton over his concerns that the offshore wind farm proposed for the Hunter region could have an irreparable impact on the environment.

“He came out with a group of us on that one over there,” he says, pointing to a boat floating metres from the whale watching vessel that he’s run in Nelson Bay for nearly 30 years. “He really saw that there was limited community consultation before that zone was declared.”

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It's Saturday night in Dubai and while most of the world has been enjoying the weekend, tens of thousands of delegates at COP28 remain hard at work.  Carbon Pulse isn't take a break either... Our 11 reporters currently on the ground in the UAE were out in full force to bring you the multitude of announcements and other news that emerged during the UN climate summit's very busy third day.

Governments, private sector, and philanthropic initiatives have so far announced partnerships and funding pledges in the hundreds of millions of dollars for rainforest protection and restoration in multiple nations, specifically involving mobilising finance from international carbon markets and credit sales.