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Dec 4, 2024 | 
spglobal.com | Ivy Yin
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Dec 2, 2024 | 
spglobal.com | Ivy Yin
China plans to transform its carbon policies, from controlling carbon intensities to introducing caps on total emissions by 2030, Liu Zhenmin, China's special envoy for climate change told state media outlet China News Service in an interview published Nov. 30. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 29, 2024 | 
spglobal.com | Ivy Yin
Compliance emission trading schemes have the potential to help Asian countries unlock hundreds of billions of dollars to finance their decarbonization, but the premise is to set long-term, absolute caps of their emissions, Alistair Ritchie, Director of Asia-Pacific Sustainability, Asia Society Policy Institute, told S&P Global Commodity Insights in a recent interview. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 26, 2024 | 
spglobal.com | Ivy Yin
World leaders formally adopting key rules and guidelines for carbon trading under Article 6 of the Paris Agreement at the 29th UN Climate Change Conference have set a clear pathway for the new era of international carbon markets, but critical challenges remain in safeguarding integrity, restoring demand and advancing national-level implementation. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 21, 2024 | 
spglobal.com | Eklavya Gupte |Ivy Yin
Talks to agree key details on an Article 6 carbon market are nearing completion, with several parties showing willingness to make compromises, several sources said Nov. 21. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. But issues dealing with upfront transparency around the authorization and transfer of Article 6.2 credits, along with defining the key responsibilities of the Article 6 registry, remain the main bones of contention.
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Nov 19, 2024 | 
spglobal.com | Eric Yep |Takeo Kumagai |Ivy Yin
Japan will broadly align with the European Union on issues around the New Collective Quantified Goal (NCQG) for climate financing at the UN Climate Change Conference, and is also unlikely to oppose the EU's cross-border adjustment mechanism or CBAM, Toshiyuki Sakamoto, Board Member, Director for Climate Change and Energy Efficiency Unit, The Institute of Energy Economics, Japan or IEEJ, said in an interview. Not registered?
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Nov 18, 2024 | 
spglobal.com | Ivy Yin |Eklavya Gupte
Article 6 progress at COP29 could hit a wall after parties failed to reach consensus over terms under 6.2 that create hurdles for the secondary trading of carbon credits called ITMOs or Internationally Transferred Mitigation Outcomes, sources close to the negotiations told S&P Global Commodity Insights. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 15, 2024 | 
spglobal.com | Ivy Yin |Eklavya Gupte
China will only agree to make voluntary contributions to future climate finance, Zhao Yingmin, head of China's climate delegation, told S&P Global Commodity Insights Nov. 15. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Developed countries should be responsible for mandatory contributions under the draft New Collective Quantified Goal, the official said.
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Nov 15, 2024 | 
spglobal.com | Ivy Yin
China will lobby for the carbon border adjustment mechanism (CBAM) to be on the official agenda for next year's UN Climate Change Conference to be hosted by Brazil, as part of multilateral discussions ahead of the event, Zhao Yingmin, head of China's climate delegation, told S&P Global Commodity Insights on Nov. 15 on the sidelines of COP29. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
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Nov 14, 2024 | 
spglobal.com | Ivy Yin |Eklavya Gupte
The latest draft decision on Article 6.2 of the Paris Agreement, released Nov. 14 during the UN Climate Change Conference in Baku, shows stark division remains on the revocation and authorization of carbon credits under the bilateral trading mechanism. Not registered? Receive daily email alerts, subscriber notes & personalize your experience.
