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.
How much could a new climate finance goal amount to? How many delegates will attend the summit this year? Eco-Business explores which numbers matter at the world’s biggest climate conference that will kick off in Azerbaijan this week.