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INTERVIEW: Game-changing $5 bln deal for Bolivia threatens to disrupt both Article 6 and voluntary market

Carbon Pulse - Wed, 2024-11-20 04:13
Chicago company Laconic Infrastructure Partners plans to issue $1 billion worth of securities next year on Bolivia’s forestry plans, and if the idea catches on, it could undermine the edifice building around Article 6 trade as well as the voluntary carbon market.
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EXCLUSIVE: Colombian carbon standard is first to sign up to S&P Global tool aimed at ‘uniting the registry community in one place’

Carbon Pulse - Wed, 2024-11-20 03:29
A Colombian carbon standard has become the first organisation to sign up to a new software tool from S&P Global, which has been designed to integrate the various carbon registries and standards in one place.
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COP29: USDA won’t finalise voluntary carbon rules before Trump administration, secretary says

Carbon Pulse - Wed, 2024-11-20 03:12
A set of protocols being designed to help US land and forest owners gain access to the voluntary carbon market won’t reach a draft form before the end of President Joe Biden’s term, putting their fate in the hands of the incoming Republican administration.
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China and India should not be called developing countries, several Cop29 delegates say

The Guardian - Wed, 2024-11-20 03:02

Poor country delegates say classifications that date back to 1992 are obsolete and two countries ‘should be contributing’

China and India should no longer be treated as developing countries in the same way as some of the poorest African nations are, according to a growing number of poor country delegates at the Cop29 UN climate talks.

China should take on some additional responsibility for providing financial help to the poorest and most vulnerable, several delegates told the Guardian. India should not be eligible for receiving financial help as it has no trouble attracting investment, some said.

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INTERVIEW: Waiting for the biodiversity market to take shape

Carbon Pulse - Wed, 2024-11-20 02:36
The plethora of biodiversity crediting standards that have emerged over the past couple of years will be narrowed down to just a few once the market takes off – whenever that may be.
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EU falling behind on green hydrogen goals, industry says

Carbon Pulse - Wed, 2024-11-20 01:54
Europe is falling far behind on its renewable hydrogen targets, with just 4% of announced projects under construction and production far from the 2030 goal, according to an industry report released on Tuesday.
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COP29: Govts spotlight efforts to minimise pass-through costs of carbon pricing

Carbon Pulse - Wed, 2024-11-20 01:12
Countries with domestic carbon pricing efforts emphasised the specific policy design mechanisms needed to minimise pass-through costs to end consumers, government officials told an event on the sidelines of COP29.
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England’s national parks facing financial peril due to budget cuts, say CEOs

The Guardian - Wed, 2024-11-20 01:00

Exclusive: Leaders warn cost savings will lead to mass redundancies and that spaces could become ‘paper parks’

England’s national parks face a 12% real-terms cut to their budget which would lead to mass redundancies of wardens and the closure of visitor centres and other facilities, park leaders have warned.

The chief executives told the Guardian that soon the spaces would become “paper parks” designated by a “brown sign on the motorway” and they will have to “turn the lights off, close the doors and put up closed signs” if the cuts go ahead.

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ECB flags transition risks of climate action for EU economy

Carbon Pulse - Wed, 2024-11-20 00:54
The EU needs coordinated policy to finance emissions reductions to 2030, integrating potential climate risks in order to avoid losses and disruptions stemming from a 'run on brown' scenario, the European Central Bank (ECB) and the European Supervisory Authorities (ESAs) warned on Tuesday.
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COP29: BRIEFING – Decision on COP31 host likely to be delayed, as Australia continues push

Carbon Pulse - Wed, 2024-11-20 00:54
The decision on whether to host COP31 in Turkiye or Australia has reached an "impasse", according to observers, as both countries continue to promote themselves as prospective hosts for the 2026 annual UN climate summit.
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COP29: US agriculture department to invest $7.7 bln in conservation programmes in 2025

Carbon Pulse - Wed, 2024-11-20 00:50
The US Department of Agriculture (USDA) will provide $7.7 billion for its various conservation programmes in the 2025 fiscal year, the country's agriculture secretary said Tuesday at COP29, expressing confidence that such initiatives will continue with the upcoming change of presidential administration.
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COP29: Zambia’s carbon markets bill explicit on fees, vague on integrity

Carbon Pulse - Wed, 2024-11-20 00:46
A Zambian climate bill up for public consultation this month, publicised on Monday, lists several layers of government approval and fees for carbon trading but does not elaborate on its high-level principles for environmental integrity.
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UK carbon outfit sets up shop in Singapore

Carbon Pulse - Wed, 2024-11-20 00:24
A UK company specialising in assisting carbon project developers has established an office to expand its activities into the fast-growing Southeast Asian market.
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Paris agreement is working, Australian minister tells Cop29, but much deeper cuts needed by 2035

The Guardian - Wed, 2024-11-20 00:10

Chris Bowen also pledges A$50m to a fund to help the world’s most vulnerable people repair the damage from climate breakdown

The Australian climate change minister, Chris Bowen, has declared the landmark Paris agreement “is working” as it had brought the world back from “the brink of catastrophic 4C warming”, but argued countries must set the most ambitious emissions targets possible for 2035 to limit worsening global heating.

Giving Australia’s national statement on the conference floor at the Cop29 summit in Azerbaijan, he also pledged A$50m (US$32.5m) towards a global loss and damage fund to help the world’s most vulnerable people to repair the damage from climate breakdown.

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COP29: Farmers should be climate finance recipients for carbon sequestration, NGOs say

Carbon Pulse - Wed, 2024-11-20 00:07
Nearly 80 civil society are calling on UN Climate Change to facilitate the allocation of climate finance to farmers to help them engage in more sustainable practices like restoring degraded soils, in an open letter published on the sidelines of the COP29 climate conference.
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Farmers march into central London to protest against new inheritance tax – video

The Guardian - Wed, 2024-11-20 00:04

Thousands of farmers from across the UK protested in central London against changes in the 2024 budget that will mean some farmers paying inheritance tax. Farmers were previously exempt. The farmers, who were joined by Jeremy Clarkson and seveal MPs, fear the new levy will affect food prices and harm their businesses

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COP29: War causes 6% of global emissions, but is almost ignored by UN -research

Carbon Pulse - Tue, 2024-11-19 23:00
Military conflicts account for around 5.5% of global emissions, yet countries are not obliged to report them under the UN climate body’s framework, research bodies highlighted at the COP29 climate summit in Baku, Azerbaijan.
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COP29: INTERVIEW – Namibia’s draft regulations on compliance carbon markets to be out next year

Carbon Pulse - Tue, 2024-11-19 22:55
The Namibian government will release draft carbon market regulations in 2025, once it has clarity of the rules underpinning the UN's international market mechanism, an official told Carbon Pulse at the COP29 climate summit in Baku.
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