News / #carbon credits
Polisi & Kewangan
Climate talks avoid collapse with last-hour US$300 billion deal seen as dissatisfactory by developing states
COP29 talks – running into overtime – concluded over the weekend with a signed deal to triple the amount of money to help poorer nations climate-proof their economies, but the promised funding falls short of the trillions of dollars developing countries say they need. A deal on Article 6 was also sealed.
Eco-Business takes a look at the key issues being pushed at the pavilions of Asean countries at the climate summit in Baku.
Cirebon 1’s financial advisor says the model "might not be replicable" nationwide as grid stability costs were overlooked early on and transition credits – being trialled in the Philippines – may not apply. Updates on the pending transaction are expected at COP29.
The Article 6.4 mechanism under the Paris Agreement has been approved on the first day of the summit. The COP presidency called this an early win, but the fast-tracked process has drawn criticism from civil society and legal experts.
All #carbon credits News
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