Peak emissions and carbon neutrality remain key targets
3 weeks, 1 day ago

Peak emissions and carbon neutrality remain key targets

China Daily  

China will take steps to respond to green trade barriers as it advances toward carbon neutrality, says the Government Work Report that was delivered at the opening of the third session of the 14th National People's Congress on Wednesday. The country will diligently work toward peaking carbon dioxide emissions before 2030 and achieving carbon neutrality before 2060, the report said. The report highlights measures the country will adopt in response to green trade barriers, which often entail implementing regulations that impose restrictions or requirements on imported products to ensure adherence to specific environmental standards. The country will keep carbon emissions statistics and undertake accounting initiatives, and develop systems for managing carbon emissions and conducting carbon labeling and certification, the report said.

Emissions Carbon Carbon Emissions Carbon Neutrality Energy Develop  trade  remain  targets  report  carbon  work  trials  emissions  country  promote  neutrality  key  peak  energy  develop

History of this topic

Major progress made toward carbon targets
2 months, 3 weeks ago

Major progress made toward carbon targets

China Daily  

Workers assemble electric cars at a Volkswagen plant in Hefei, Anhui province, in September. The Centre for Research on Energy and Clean Air, based in Helsinki, Finland, has published for the third year its annual assessment of China's progress toward its climate commitments and emissions pathways aligned with the goals outlined in the 2015 Paris Agreement on climate change. "Achieving …

Role of capital markets for raising green and transition finance
2 months, 3 weeks ago

Role of capital markets for raising green and transition finance

Hindustan Times  

The climate crisis is a global commons problem requiring concerted actions by all. While recognising this, the United Nations Framework Convention on Climate Change has also acknowledged the principle of ‘common but differentiated responsibilities and respective capabilities,’ which assigns greater responsibilities to developed countries in mitigating greenhouse gas emissions and reducing their carbon footprint. Green finance India is a vast …

Biden, on his way out, sets ‘ambitious’ climate goal: Cut US greenhouse gas emissions by over 60%
3 months, 1 week ago

Biden, on his way out, sets ‘ambitious’ climate goal: Cut US greenhouse gas emissions by over 60%

Associated Press  

WASHINGTON — President Joe Biden is pledging to cut U.S. greenhouse gas emissions by more than 60% by 2035 as he fights to ensure his legacy on slowing global warming, even as President-elect Donald Trump vows to undo much of Biden’s climate work when he takes office next month. “And I believe that with this new 2035 target as their …

Strengthening the roots of an agri-carbon market
3 months, 1 week ago

Strengthening the roots of an agri-carbon market

The Hindu  

Carbon markets hold the potential to transform Indian agriculture, turning sustainable farming practices into a lucrative opportunity for farmers while combating climate change. Businesses exceeding these caps must either purchase carbon credits from projects that mitigate greenhouse gas emissions, such as agroforestry or sustainable agriculture projects, or pay carbon taxes for their extra emissions. To assess the readiness of India’s …

How Carbon Markets are Exploiting Marginalised Communities in the Global South Instead of Uplifting them
3 months, 2 weeks ago

How Carbon Markets are Exploiting Marginalised Communities in the Global South Instead of Uplifting them

The Hindu  

Published : Dec 10, 2024 17:00 IST - 9 MINS READ For Janni Mithula, 42, a resident of the Thotavalasa village in Andhra Pradesh, cultivating the rich, red soil of the valley was her livelihood. What we decide here will enable all of us, particularly those in the Global South, to not only take ambitious mitigation action but also adapt …

India to set up a carbon trading, green bond regulator
3 months, 3 weeks ago

India to set up a carbon trading, green bond regulator

Live Mint  

The Union government plans to set up an agency on the lines of National Agriculture Cooperative Marketing Federation of India to regulate carbon trading, two people said. Empowering government The amended Energy Conservation Act, 2022 empowers the Indian government to set up a domestic carbon market and to authorize designated agencies to issue carbon credit certificates. The Indian Carbon Market …

After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed
4 months ago

After nearly 10 years of debate, COP29’s carbon trading deal is seriously flawed

New Indian Express  

Negotiators at the COP29 climate conference in Baku have struck a landmark agreement on rules governing the global trade of carbon credits, bringing to a close almost a decade of debate over the controversial scheme. The deal paves the way for a system in which countries or companies buy credits for removing or avoiding greenhouse gas emissions elsewhere in the …

India's path to a greener future
4 months ago

India's path to a greener future

Hindustan Times  

India, as one of the fastest-growing economies in the world, has been at the forefront of the global debate on climate change and sustainability. Under this scheme, businesses will be mandated to limit their emissions or purchase carbon credits from more efficient firms, driving significant sectors like power generation, cement, and steel--responsible for a substantial share of India’s emissions--to participate …

COP29 unlocks intl carbon markets under Article 6 of Paris Agreement
4 months ago

COP29 unlocks intl carbon markets under Article 6 of Paris Agreement

China Daily  

Xinhua | Updated: 2024-11-24 07:47 BAKU -- The presidency of the 29th session of the Conference of the Parties to the United Nations Framework Convention on Climate Change announced on Saturday that it has concluded negotiations on Article 6 of the Paris Agreement, enabling cross-border carbon trading to support global climate goals. Article 6 provides trusted and transparent carbon markets …

COP29: Nations commit to 1.5°C pathway with enhanced climate goals
4 months ago

COP29: Nations commit to 1.5°C pathway with enhanced climate goals

India Today  

In a landmark announcement at the COP29 summit in Baku, a coalition of nations representing 30% of global GDP and 15% of greenhouse gas emissions committed to strengthening their Nationally Determined Contributions to align with the 1.5°C global warming threshold. The United Kingdom, Brazil, and the United Arab Emirates led the charge with ambitious NDC targets for 2035, signaling their …

Renewable surge in 2023 fails to curb worldwide emissions: Report
4 months ago

Renewable surge in 2023 fails to curb worldwide emissions: Report

Hindustan Times  

New Delhi: The world witnessed rapid progress in the renewable energy sector in 2023, but the slow speed of reductions in global emissions rendered it ineffective, a new report released at COP29 in Baku has highlighted. India ranked 10th, a drop from seventh last year, in the analysis — Climate Change Performance Index co-authored by Germanwatch, NewClimate Institute, and CAN …

UN chief urges aligning climate action with limiting global warming to 1.5°C
4 months, 1 week ago

UN chief urges aligning climate action with limiting global warming to 1.5°C

Live Mint  

New Delhi: Every country’s next round of nationally determined contributions must contain unambiguous, absolute emissions reduction targets for 2030 and 2035, and align fossil fuel production and consumption plan to limiting global warming to 1.5°C above pre-industrial levels, UN secretary-general António Guterres said on Tuesday at the G20 meeting in Rio de Janeiro, Brazil. This assumes significance, as negotiations for …

Collective action on climate finance urged
4 months, 1 week ago

Collective action on climate finance urged

China Daily  

By YANG HAN in Hong Kong | China Daily | Updated: 2024-11-19 09:51 COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet …

Collective action on climate finance urged
4 months, 1 week ago

Collective action on climate finance urged

China Daily  

COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet its green finance needs, experts have said, as negotiations at the COP29 UN …

Collective action on climate finance urged
4 months, 1 week ago

Collective action on climate finance urged

China Daily  

COP29 President Mukhtar Babayev, Executive Secretary of UNFCCC Simon Stiell and Nabeel Munir, Chair of the UNFCCC's Subsidiary Body for Implementation, attend a press conference during the United Nations climate change conference COP29 in Baku, Azerbaijan, November 18, 2024. Asia needs collective and sustainable action to meet its green finance needs, experts have said, as negotiations at the COP29 UN …

Climate finance is central for enabling and implementing climate actions, says India at COP29
4 months, 1 week ago

Climate finance is central for enabling and implementing climate actions, says India at COP29

Live Mint  

New Delhi: Highlighting four essential aspects of global climate action, Leena Nandan, secretary of the ministry of environment, forest and climate change at COP29 on Monday, said the pre-2030 period is an opportunity to enhance global climate action through climate finance to reduce emissions and meet net zero. It is an opportunity to enhance global climate action,” Nandan said in …

Nearly 500 carbon capture lobbyists granted access to Cop29 climate summit
4 months, 1 week ago

Nearly 500 carbon capture lobbyists granted access to Cop29 climate summit

New Indian Express  

BAKU, Azerbaijan: At least 480 lobbyists for companies and groups that advocate for a misguided technology that prolongs fossil fuel use have gained access to the COP29 climate talks, according to a new analysis conducted by the Center for International Environmental Law. The number of Carbon Capture, Utilization, and Storage lobbyists is higher than the core delegations from the United …

Can COP29 deliver the big bucks needed to fight climate change?
4 months, 1 week ago

Can COP29 deliver the big bucks needed to fight climate change?

India Today  

On the shores of the Caspian Sea, Baku is welcoming leaders, climate activists, civil society members, and negotiators from over 200 countries with heightened anticipation around setting more ambitious climate finance targets through the proposed New Collective Quantified Goal. The agenda aims to revitalise global climate finance commitments, yet concerns loom over the pace and scale of progress. Across the …

Global CO2 emissions to hit record high in 2024, report says
Trending News
4 months, 2 weeks ago

Global CO2 emissions to hit record high in 2024, report says

Hindustan Times  

* Global CO2 emissions to hit record high in 2024, report says Emissions from fossil fuels to rise nearly 1% to 37.4 bln T * Severe wildfires fuel 13.5% surge in land-use emissions * Emissions decrease in rich nations, rise in emerging economies * Without urgent action, global climate goals out of reach By Kate Abnett BAKU, - Global carbon …

Carbon Budget predicts the world falls 'frustratingly' short as emissions rise in 2024
4 months, 2 weeks ago

Carbon Budget predicts the world falls 'frustratingly' short as emissions rise in 2024

ABC  

Global emissions look set to rise in 2024, hitting new records, despite the staggering growth of renewable energy around the world. It's important to point out that the report's range of projections dip to –0.3 per cent, so there is still the chance the final numbers could see the world's emissions go down slightly. Gas emissions are projected to increase …

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets
Trending News
4 months, 2 weeks ago

COP29 agrees to set up carbon market; India to ensure parties weave clearer rules for global carbon markets

Live Mint  

New Delhi: A global carbon market will be set up after a landmark decision on the first day of the global climate summit in Baku, at the 29th session of the Conference of the Parties to the UN Framework Convention on Climate Change. It offers two pathways for countries and companies to trade carbon offsets, supporting the achievement of emission …

COP29 Presidency announces adoption of standards for carbon credits, draws flak
4 months, 2 weeks ago

COP29 Presidency announces adoption of standards for carbon credits, draws flak

Hindustan Times  

The Azerbaijan Presidency of the 2024 UN Climate Change Conference announced an early victory with the adoption of standards for the creation of carbon credits under Article 6.4 of the Paris Agreement, drawing criticism. The Presidency said the adoption of modalities will enable climate action by increasing demand for carbon credits and ensure that the international carbon market operates with …

For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?
4 months, 2 weeks ago

For nearly a decade, climate talks have been hashing out so-called Article 6. But what is it?

Associated Press  

BAKU, Azerbaijan — After nearly a decade of negotiations, leaders during the United Nations climate conference’s first day decided on some of the finer points of much-debated sticking point aimed at cutting planet-warming emissions from coal, oil and gas. But the gaveling through of Article 6 late Monday was criticized by climate justice groups, who said carbon markets allow major …

COP29 adopts establishment of global carbon market under Paris Agreement
4 months, 2 weeks ago

COP29 adopts establishment of global carbon market under Paris Agreement

Deccan Chronicle  

Baku: In a landmark decision at the first day of the global climate talks here, COP29 have officially adopted the new operational standards for a mechanism of the Paris Agreement under Article 6, setting the stage for a global carbon market. The Article 6.4 Supervisory Body, tasked with creating a United Nations-governed carbon market, finalised essential standards covering carbon removal …

COP29 climate summit adopts controversial carbon credit standards, drawing mixed reactions
4 months, 2 weeks ago

COP29 climate summit adopts controversial carbon credit standards, drawing mixed reactions

New Indian Express  

BAKU: The COP29 presidency has announced an early success with the adoption of standards for carbon credits, referred to as Article 6.4 of the Paris Agreement. COP29 lead negotiator, Yalchin Rafiyev, told the media, “This will be a game-changing tool to direct resources to the developing world and help us save up to $250 billion a year when implementing our …

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large
55 years, 2 months ago

COP29 Begins With Climate Finance, Absent Leaders, and Trump Looming Large

Wired  

$1 trillion a year in climate finance—that’s the goal. At these conferences, held every 12 months, everyone has a microphone—small islands with 10,000 inhabitants sit next to the giant countries of the world as they try to make decisions on how to curb climate change and its impacts. In Baku, the first city in the world to commercially exploit oil, …

A guide to COP29 climate jargon
4 months, 2 weeks ago

A guide to COP29 climate jargon

The Hindu  

With the U.N. climate talks tackling complex topics from energy policy to global financial aid, the annual summit has developed its own ever-growing lexicon. UNFCCC: This acronym stands for the United Nations Framework Convention on Climate Change, which is the name of both the 1992 treaty committing nearly 200 countries to fighting global warming and the secretariat set up to …

Agreeing to a new global climate finance goal not enough; global financial system needs reform, says UNFCCC chief
4 months, 2 weeks ago

Agreeing to a new global climate finance goal not enough; global financial system needs reform, says UNFCCC chief

Live Mint  

New Delhi: Agreeing on a new global climate finance goal at the COP29 climate conference will not be enough to rein in toxic emissions, and countries must work harder to reform the global financial system, a top United Nations official said. “We must agree on a new global climate finance goal. If at least two-thirds of the world’s nations cannot …

Global leaders shape low-carbon future at Guangdong summit
Trending News
4 months, 3 weeks ago

Global leaders shape low-carbon future at Guangdong summit

China Daily  

Photovoltaic panels cover the arid land, with wind generation nearby in Northwest China's Ningxia Hui autonomous region, on Oct 28, 2024. The 2024 Asia-Pacific Carbon Summit and the World Low Carbon Cities Forum, which took place in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Guangdong province, on Wednesday, attracted and gathered the wisdom of global low-carbon development and urban green …

Global leaders shape low-carbon future at Guangdong summit
Trending News
4 months, 3 weeks ago

Global leaders shape low-carbon future at Guangdong summit

China Daily  

Photovoltaic panels cover the arid land, with wind generation nearby in Northwest China's Ningxia Hui autonomous region, on Oct 28, 2024. The 2024 Asia-Pacific Carbon Summit and the World Low Carbon Cities Forum, which took place in the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Guangdong province, on Wednesday, attracted and gathered the wisdom of global low-carbon development and urban green …

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?
4 months, 3 weeks ago

Climate Crisis: Can COP29 Break the Cycle of Broken Promises?

Live Mint  

The 2024 Emissions Gap Report paints a grim picture of global climate progress, with emissions continuing to rise and the gap between climate targets and reality widening. The report emphasizes the need for immediate action on climate finance, emissions reduction, and accountability. It highlights the responsibility of wealthy nations to fulfill their financial and emissions reduction promises, particularly to support …

The world is “miles short” of its target to limit climate change, UN reports
4 months, 3 weeks ago

The world is “miles short” of its target to limit climate change, UN reports

Salon  

For the world to achieve net-zero carbon emissions by 2050, the 200 countries who signed the Paris climate agreement must hit a target of 43% reduction by 2030. Yet according to a recent report by the United Nations agency tasked with tackling global warming, the planet is currently on track to just hit a measly 2.6% reduction in carbon emissions. …

Budget 2024 signals arrive of compulsory emission targets for industry
8 months ago

Budget 2024 signals arrive of compulsory emission targets for industry

The Hindu  

Finance Minister Nirmala Sitharaman’s Budget speech has for the first time signalled that polluting industries, such as iron, steel, and aluminium will have to conform to emission targets. “A roadmap for moving the ‘hard to abate’ industries from ‘energy efficiency’ targets to ‘emission targets’ will be formulated. Appropriate regulations for transition of these industries from the current ‘Perform, Achieve, and …

Navigating carbon markets: Strategies for sustainable businesses
8 months, 3 weeks ago

Navigating carbon markets: Strategies for sustainable businesses

Hindustan Times  

In the face of escalating climate crisis concerns, businesses across industries are recognising the urgency to reduce their carbon footprint and transition towards a sustainable, low-carbon future. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} By strategically engaging in carbon reduction initiatives and trading in the carbon market, organisations have the potential to optimise costs and unlock new revenue streams. The implementation of proactive …

Plan focuses on carbon footprints
9 months, 2 weeks ago

Plan focuses on carbon footprints

China Daily  

By HOU LIQIANG| China Daily| Updated :2024-06-12 The Ministry of Ecology and Environment, in cooperation with 14 other national government bodies, has announced a comprehensive plan on carbon footprint management, with the aim of contributing to the development of international rules for carbon footprints by 2030. The plan clarifies the objectives and management of product carbon footprints in China, according …

Plan focuses on carbon footprints
9 months, 2 weeks ago

Plan focuses on carbon footprints

China Daily  

Wind turbines in Zhoushan, Zhejiang province, slowly turn with the help of sea breezes and generate green electricity for places across the country on July 2, 2023. The plan clarifies the objectives and management of product carbon footprints in China, according to a news release issued by the ministry last week. The release said the plan aims to promote the …

Plan focuses on carbon footprints
9 months, 2 weeks ago

Plan focuses on carbon footprints

China Daily  

The Ministry of Ecology and Environment, in cooperation with 14 other national government bodies, has announced a comprehensive plan on carbon footprint management, with the aim of contributing to the development of international rules for carbon footprints by 2030. The plan clarifies the objectives and management of product carbon footprints in China, according to a news release issued by the …

Plan focuses on carbon footprints
9 months, 2 weeks ago

Plan focuses on carbon footprints

China Daily  

Wind turbines in Zhoushan, Zhejiang province, slowly turn with the help of sea breezes and generate green electricity for places across the country on July 2, 2023. The plan clarifies the objectives and management of product carbon footprints in China, according to a news release issued by the ministry last week. The release said the plan aims to promote the …

Countries’ carbon removal plans not enough for 1.5C warming limit, study warns
10 months, 3 weeks ago

Countries’ carbon removal plans not enough for 1.5C warming limit, study warns

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Scientists have taken the UN’s approach of assessing the “emissions gap” between national climate protection plans and what is …

Emissions accounting new green drive push
1 year, 2 months ago

Emissions accounting new green drive push

China Daily  

An aerial view of a wind farm in Liuzhou, Guangxi Zhuang autonomous region. Key for firms looking to join in carbon trade, with policy backing China's carbon accounting sector is surging as companies seek cutting-edge accounting methodologies for clearer assessments of greenhouse gas emissions, and work to strategically reduce carbon output across diverse operational facets, which experts said will spur …

Poor countries need trillions of dollars to go green. A long-shot effort aims to generate the cash
1 year, 3 months ago

Poor countries need trillions of dollars to go green. A long-shot effort aims to generate the cash

Associated Press  

DUBAI, United Arab Emirates — A large, long-shot effort is being developed to mobilize money to save Planet Earth. “It’s an enormous amount of capital to raise in a short time, so governments are going to have to be creative in terms of how they get there,” said Yousef Alhorr, founding chairman of the Global Carbon Council, an international carbon …

Some nations want to remove more pollution than they produce. That will take giving nature a boost
1 year, 3 months ago

Some nations want to remove more pollution than they produce. That will take giving nature a boost

Associated Press  

DUBAI, United Arab Emirates — Why promise net zero emissions when you can go even lower, such as negative emissions? “It’s a huge challenge to become carbon neutral and then carbon negative and we are not yet there,” cautioned Kai Mykkänen, Finland’s environment minister, “but we are really targeting this.” For the rich Nordic country, the strategy is threefold. There …

Some nations want to remove more pollution than they produce. That will take giving nature a boost
1 year, 3 months ago

Some nations want to remove more pollution than they produce. That will take giving nature a boost

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “It’s a huge challenge to become carbon neutral and …

Global emissions at record highs as world continues to overspend on 'carbon budget'
1 year, 3 months ago

Global emissions at record highs as world continues to overspend on 'carbon budget'

ABC  

Global carbon emissions from fossil fuels have increased over the past year despite most of the world committing to net zero targets, according to new research. The Global Carbon Project releases its carbon budget each year, with this year's figures showing a 1.1 per cent increase in emissions across the world. CSIRO chief research scientist and executive director of the …

Major oil and gas firms have pledged to go carbon neutral by 2050: COP28 chief
1 year, 3 months ago

Major oil and gas firms have pledged to go carbon neutral by 2050: COP28 chief

The Hindu  

Several oil and gas companies have committed to become net zero — or carbon neutral — by 2050, the 28th Conference of Parties President-Designate Sultan Al Jaber said at a press briefing on Wednesday ahead of the two week-long United Nations Climate Summit that begins on Thursday. could take credit for was getting the world’s two major economies — the …

Blue Carbon: A UAE company has secured African land the size of the UK for controversial carbon offset projects
1 year, 4 months ago

Blue Carbon: A UAE company has secured African land the size of the UK for controversial carbon offset projects

CNN  

CNN — In late September, Zimbabwe’s environment minister signed away control over a staggering amount of land — almost 20% of his country — to a little-known foreign company. Blue Carbon can then use that conservation to create carbon credits to sell to companies and governments to “offset” the climate pollution they generate while they continue to burn planet-warming fossil …

COP28 tasked with finding consensus on first global stocktake to meet Paris goals
1 year, 4 months ago

COP28 tasked with finding consensus on first global stocktake to meet Paris goals

Hindustan Times  

The first global stocktaking of the progress made on containing climate change, expected to conclude at the UN summit in Dubai in a few weeks, has received polarising views from nations that are signatories to the 2015 Paris Agreement. India has underlined that equity, fair share of the global carbon budget, and obligations of developed country parties to provide finance …

The world is planning to blow the fossil fuels production limit that would keep a lid on global heating, report says
1 year, 4 months ago

The world is planning to blow the fossil fuels production limit that would keep a lid on global heating, report says

CNN  

CNN — Global fossil fuel production in 2030 is set to be more than double the levels that are deemed consistent with meeting climate goals set under the 2015 Paris climate agreement, the United Nations and researchers said on Wednesday. The United Nations Environment Programme’s report, assessing the gap in fossil fuel production cuts and what’s needed to meet climate …

Home countries of major rainforests agree to work together to save them
1 year, 4 months ago

Home countries of major rainforests agree to work together to save them

The Hindu  

Countries that are home to the world's three major rainforests agreed on Saturday to cooperate to overcome deforestation and safeguard biodiversity but fell short of a concrete alliance to protect the vital carbon sinks. "We've realised that joining forces is an absolute necessity, and we've recognised that the initiative to unite the three basins is part of an inevitable dynamic," …

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