Wednesday, 9 April 2025

Spotlight: COP29

The 2024 United Nations Climate Change Conference will be held in Baku, Azerbaijan November 11 to 22. This is the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC), commonly known as COP29. Mukhtar Babayev will preside over COP29; Samir Nuriyev heads the Organising Committee.

Pumpjacks operate in a milo field, Monday, Sept. 30, 2024, near Hays, Kan. (AP Photo/Charlie Riedel)
ClimateEmissionsNewsResiliency

Shanghai, Tokyo, New York, Houston spew most greenhouse gas of world cities

One site in the Permian Basin, Texas, is by far the worst polluting site in the entire world.

FILE PHOTO: Indigenous people from the Mura tribe shows a deforested area in unmarked indigenous lands inside the Amazon rainforest near Humaita, Amazonas State, Brazil August 20, 2019. Picture taken August 20, 2019. REUTERS/Ueslei Marcelino/File Photo
BusinessClimate FinanceEmissions MarketsNewsVoluntary Carbon Markets (VCMs)

Global carbon offset standard setter okays three deforestation project types

Preserving forests is crucial to meeting international goals to limit global temperature increases.

Governments are currently trying to iron out a new global finance climate agreement at Cop29 (Rafiq Maqbool/AP)
ChemicalsClimate FinanceGreen SteelHydrogenNewsPoliticsStorageTransmissionVoluntary Carbon Markets (VCMs)

Energy projects in developing countries to receive £79m in UK climate finance

The money comes under the UK’s existing pledge to spend £11.6 billion in climate finance over five years up to 2026.

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Innovative Baker Hughes Emissions Abatement Solution Chosen to Reduce Routine Flaring at SOCAR’s Baku Oil Refinery

Baker Hughes to deliver integrated gas recovery and hydrogen sulfide (H2S) removal system Solution expected to recover flare gas equivalent up to 7...

News ReleaseClimate FinanceEmissions MarketsVoluntary Carbon Markets (VCMs)

Verra’s REDD Methodology and Jurisdictional and Nested REDD+ Framework Secure ICVCM Approval

Approvals set a new benchmark for integrity in forest conservation, enabling the integration of project- and jurisdictional-level efforts, and empowering buyers to invest...

The Government has confirmed it will introduce legislation to restrict new coal mines (John Giles/PA)
CoalLegislationMiningNewsPoliticsRegulations

UK government to ban new coal mining schemes as country turns to clean energy

There may be limited exceptions to the ban for “safety or restoration purposes.”

A deal to provide the $1 trillion a year experts say is needed by 2030 for climate action in developing countries is the top priority at COP29 (AFP)
ClimateClimate FinanceNewsPolitics

Climate finance: who is being asked to pay what at COP29?

Of the annual $2.4 trillion needed, an estimated $1.4 trillion will need to come from developing countries themselves.

Signage is seen at the JPMorgan Chase & Co. New York Head Quarters in Manhattan, New York City, U.S., June 30, 2022. REUTERS/Andrew Kelly/File Photo
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JPMorgan gives green energy finance ratio for the first time

Banks are increasingly under pressure from investors to show how they are helping clients in the transition to clean energy.

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Clarity AI Joins Institutional Investors Group on Climate Change (IIGCC), Strengthening Its Role in Shaping Sustainable Investment Through Data and Expertise

LONDON--(BUSINESS WIRE)--Clarity AI, the leading global sustainability tech company, announced today during COP29 that it has become an associate member of the Institutional...

Members of Brazilian Institute for the Environment and Renewable Natural Resources (IBAMA) fire brigade work to extinguish a fire rising in Amazon rainforest in Apui, Amazonas state, Brazil, August 8, 2024. REUTERS/Adriano Machado/File Photo
BusinessClimateEmissionsEmissions MarketsEnvironmentNewsVoluntary Carbon Markets (VCMs)

Brazil’s Tocantins state to offer $430 million in carbon credits

The value and number of carbon credits is contingent on the state successfully reducing deforestation.

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