Is COP29 “breakthrough” on UN carbon market all it seems?
Azerbaijan presidency claims Article 6 could help countries save $250 billion a year – but experts warn UN carbon trading is still some way off
Article 6
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UN approves carbon market safeguards to protect environment and human rights
Developers of carbon credit projects will have to carry out a risk assessment and minimise any social or environmental impacts
New UN carbon market standards are a step change in protecting people and planet
Rules finalised at COP29 will make sure carbon credits enable more ambitious climate goals while delivering benefits to local communities
Fossil fuel firms seek UN carbon market cash for old gas plants
Fossil fuel companies that built gas power plants more than a decade ago are hoping for rewards from a new carbon credit market
Junk offset sellers push to enter new UN carbon market
Renewable energy schemes make up four-fifths of Kyoto-era projects hoping to keep selling offsets under Article 6, sparking concerns over the credibility of the new market.
Countries go ahead with carbon deals despite Cop28 standoff
The US and EU couldn’t agree on common rules for bilateral carbon trades in Dubai, leaving a vacuum for voluntary certifiers
Carbon credits talks collapse at Cop28 over integrity concerns
The EU and allies rejected proposed carbon trading rules that followed a “light-touch” approach favoured by the US
Four questions for Cop28 to settle about a global carbon market
As carbon credits face intense scrutiny, negotiators will wrangle over how to ensure the integrity of a new global carbon market
Merkel ‘wasted opportunity’ to show international solidarity at climate summit
The German chancellor resisted calls to announce an increased climate finance pledge at the Petersberg Climate Dialogue, her last before leaving office in September
Despite socialist scepticism, Cuba shows interest in carbon trading
In its national climate plan, Cuba indicated it would like to sell carbon credits on an international market, a concept previously opposed by socialist allies