{
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EU Evaluates UN Carbon Offsets for Upcoming Border Levy Implementation
The European Union is evaluating how to incorporate a United Nations carbon offset program into its upcoming carbon border levy, set to fully launch in 2026. This mechanism will impose fees on emissions from various imported goods, potentially considering fees from mandatory greenhouse gas reduction programs in the country of origin.
bloomberg.com
United States Dollar United Nations
Regulatory & Legal, News Article
17:33 05.12.2024
wealthy nations propose 300 billion climate fund to aid developing countries
Wealthy nations at COP29 have raised their climate finance offer to $300 billion annually by 2035 to assist developing countries, following criticism of a previous $250 billion proposal. The negotiations, which have extended beyond the summit's scheduled end, highlight the ongoing divide between affluent countries and those facing severe climate impacts. Developing nations, including Brazil, are advocating for even higher funding levels to effectively combat climate change.
CNBC
United States Dollar Apple Inc. European Union Sierra Leone Gulf states United Nations Amazon.com, Inc. USA GBR AZE BRA SLE Jiwoh Abdulai Marina Silva Show more
Finance & Economy, News Article
12:31 23.11.2024
cop29 negotiators near carbon credits agreement amid market integrity concerns
Negotiators at the COP29 climate summit in Azerbaijan are nearing a carbon credits agreement after nearly a decade of discussions. This deal aims to enhance trading under a new UN-supervised market, focusing on rules for Article 6, which governs how countries can trade credits to meet their emissions reduction targets under the Paris Agreement.
Bloomberg.com
United Nations AZE
Regulatory & Legal, Market Report
21:11 22.11.2024
un agencies seek to unlock climate financing for afghanistan amid crisis
The United Nations is working to unlock climate financing for Afghanistan, which has been unable to access such funds since the Taliban"s takeover in 2021. The country faces severe climate challenges, including drought and floods, and U.N. agencies aim to enhance its resilience through new project financing. If successful, this would mark the first influx of international climate funds into Afghanistan in three years.
Moneycontrol
United Nations AFG
Regulatory & Legal, News Article
09:12 20.11.2024
climate finance negotiations face challenges as countries seek funding commitments
Negotiators at COP29 are struggling to agree on a climate finance target, with proposals ranging from $100 billion to $2 trillion annually. Wealthy nations are hesitant to commit to significant increases, while developing countries demand more transparency and grants rather than loans. The outcome of these discussions is critical for future climate action, especially as the U.S. faces potential shifts in leadership that could impact funding commitments.
POLITICO
United States Dollar Euro United Nations Apple Inc. Asia Society Policy Institute White House EU BRA DEU MWI CHN CAN SAU USA ARE Donald Trump Ana Toni Li Shuo Cedric Schuster Yusuf Nkungula Show more
Finance & Economy, News Article
06:00 18.11.2024
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