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A group of Brazil-based nature-based solutions (NBS) project developers and the nation’s export agency signed a memorandum of understanding (MoU) on Friday to promote the sale of carbon credits abroad.

The SBSTA UN advisory body has laid out final exit protocols for the Kyoto-era Clean Development Mechanism (CDM), predecessor to the Paris Agreement Crediting Mechanism (PACM), at COP29 in a draft text.

While the election of US President Donald Trump is expected to generally stifle US momentum on climate action, there may exist avenues for increased voluntary carbon market (VCM) enthusiasm under his leadership, market participants told Carbon Pulse on the sidelines of COP29.

Captive coal-fired power plants (CFPPs), a large and growing source of emissions in Indonesia, will be covered under the country’s emissions trading scheme (ETS) from next year, according to the head of its Just Energy Transition Partnership (JETP) secretariat.

Prime minister hails ‘path of change’ in Wales and Westminster at Welsh Labour conference in Llandudno

Keir Starmer said he would defend the budget “all day long” at the Welsh Labour conference, amid protests by farmers outside the venue.

In his first address to the Welsh Labour conference since taking power, the prime minister went on to hail a “path of change” with Labour governments in Wales and Westminster.

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Climate negotiators are struggling to agree on how to move forward with last year’s milestone commitment to transition away from fossil fuels, with emerging economies pushing to keep any reference out of this year’s COP29 agreement. 

Morocco will launch and implement an Article 6 framework in the coming months, culminating in offtake agreements involving millions of Internationally Transferred Mitigation Outcomes (ITMOs), according to a government advisor speaking to Carbon Pulse on the sidelines of COP29 in Baku.

Volcanic rock, dating back billions of years, has been detected in the first samples collected from the mysterious "dark side".

Bolivia’s about-face on carbon markets continued this week as the government teamed up with a US-based environmental data platform for help measuring carbon stocks and emissions, aiming to unlock the country's domestic offering.

More lobbyists for the controversial technology were present this year, despite debate about its viability

At least 480 lobbyists working on carbon capture and storage (CCS) have been granted access to the UN climate summit, known as Cop29, the Guardian can reveal.

That is five more CCS lobbyists than were present at last year’s climate talks, despite the overall number of participants shrinking significantly from about 85,000 to about 70,000.

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It is Day 6 at COP29 in Baku - Science Day. It's the final day negotiators have with the texts before they're handed over to the presidency and appointed ministers, although not much progress is expected on finance in the next 24 hours. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT+4).

North Dakota’s Public Service Commission (PSC) has approved a permit for a multi-state CO2 pipeline, clearing path for project development in the state amid permitting struggles in other regions.

Australian investment will help deliver off-grid and community-scale renewable energy in remote and rural parts of the Pacific, as well as grid studies.

The post Australia to invest $125m in Pacific island off-grid and community scale renewables appeared first on RenewEconomy.

Most entities covered under Washington’s cap-and-invest programme fulfilled their annual compliance obligation in 2023 as only one entity fell short, a report from the state’s Department of Ecology (ECY) released Friday showed.

US think tank RMI will be working closely with Emissions Intensive Trade Exposed (EITE) facilities active under Washington state’s cap-and-invest programme, to research viable decarbonisation pathways for various industries.

Financial entities axed their net California Carbon Allowance (CCA) holdings into the upcoming Q4 auction and with the delay in highly-anticipated regulatory updates that pulled prices lower this week, while producers built their positions across North American carbon markets, according to data released Friday from the US Commodity Futures Trading Commission (CFTC).

Revealed: more than 100 executives given special guest badges as activists challenge role of oil and gas firms at talks

The host country of this year’s UN climate summit, Azerbaijan, has rolled out “red carpet” treatment to fossil fuel bosses and lobbyists, the Guardian can reveal.

At least 132 oil and gas company senior executives and staff were invited to the Cop29 summit, and had special badges denoting they were guests of the presidency.

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The president of the Spanish province of Valencia, Carlos Mazón, rejected calls for his resignation amid growing public anger over his management of the recent devastating floods that killed more than 210 people in the area. He conceded mistakes were made but claimed the unprecedented and 'apocalyptic' scale of the disaster overwhelmed the system

• Valencia’s president admits mistakes in flood response but will not resign

• Almost half of Valencia’s flood victims were aged over 70, figures show

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At Cop29 the global south needs to unite for sustainable growth, leveraging resources and negotiating transformative climate finance pacts

More than a century of burning coal, oil and gas has fuelled intense heatwaves, prolonged droughts, heavier rains and devastating floods. To prevent even more severe impacts, the UN global climate summit, Cop29, must deliver tangible results to keep global temperature rises below 2C – the limit defined in the 2015 Paris agreement. Achieving this goal means human societies can only emit a finite amount of additional carbon dioxide, known as the world’s “carbon budget”.

Developed nations have exceeded their carbon budgets, while developing countries remain within theirs. Carbon dioxide lingers in the atmosphere for centuries, turning past unchecked fossil fuel use into a costly planetary bill. Between 1870 and 2019, the US, EU, Russia, UK, Japan, Canada and Australia – home to just 15% of the global population – accounted for over 60% of atmospheric carbon dioxide, according to the Delhi-based Centre for Science and Environment.

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A British carbon finance specialist, Swiss bank, and Scottish carbon capture and storage (CCS) firm have partnered to issue carbon removals credits from Scotch whiskey distilleries and their supply chains, the companies announced on Friday.