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Climate Talks: Unpacking COP28 and the State of Climate Action in 2024

3BL Media

They discussed the key developments, conclusions for global carbon markets, and what the landscape for private sector action looks like in 2024. This was the case for Article 6, which sets out the rules for global market-based collaboration around emissions reductions. This year, there were no decisions made on Articles 6.2

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Carbon Markets Dashboard Targets Enhanced Integrity

Chris Hall

CAD Trust tool incorporates leading carbon market standards, aims to support Article 6 despite COP28 setback. It is a decentralised metadata platform that links, aggregates and harmonises all major carbon registry data to enhance transparent accounting in line with Article 6 of the Paris Agreement.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Those guidelines are due to be released in 2024. Now, it’s being taken up by a multilateral panel that is expected to report in 2024 if all goes well. The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects.

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What the UAE Consensus – agreed at COP28 in Dubai – means for business

We Mean Business Coalition

C goal of the Paris Agreement within reach. Nevertheless, the spotlight now turns to the biodiversity COP16, which Colombia has offered to host in 2024, to further cement joint actions on climate and biodiversity. Thousands of companies around the world are already taking action, and will continue to do so.

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SFDR II Must Deliver “Simplicity”

Chris Hall

Bioy said that the two biggest issues with SFDR in its current form are its “complexity and lack of minimum standards, especially for Article 8.” Article 8 funds promote “environmental and/or social characteristics”, provided that companies in which the investments are made follow good governance practices.

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How the ‘Global Stocktake’ Can Accelerate Climate Action

Chris Hall

Established under Article 14 of the Paris Agreement , the Global Stocktake is designed “to assess the collective progress towards achieving the purpose of [the Paris] Agreement and its long-term goals. What is the purpose of the Global Stocktake? But the Global Stocktake is meant to go far beyond an assessment.

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Listen to the Science

Chris Hall

In 2024, the number of listed companies with a climate commitment validated by the Science Based Targets initiative (SBTi) jumped to 20% from just 12% in 2023. A new scientific paper has challenged the claim that corporate emissions reduction targets, including those of the SBTi, are aligned with the Paris Agreement.