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New climate finance target 'to be set at next COP'
04 January 2024This year's COP needs to set an enhanced target for climate finance, a pension fund has argued, as the amount mobilised eventually needs to move from the "billions to the trillions".
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COP28 'a success for nature', says NatureFinance
15 December 2023Nature was a key part of the agenda at COP28, with emerging nature finance mechanisms a key talking point.
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COP28: Carbon markets rue Article 6 negotiation 'failure'
13 December 2023Carbon market participants lamented a "disappointing" lack of progress on agreeing a global carbon market mechanism, after last-ditch talks ended in "failure".
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COP28 deal to transition away from fossil fuels 'keeps 1.5°C alive' - but loopholes remain
13 December 2023Countries have agreed to transition away from fossil fuels in an historic first for a UN climate conference, with claims it "keeps 1.5°C alive" - but observers warned of several "loopholes" that could undermine its implementation.
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Policy engagement more important if COP28 disappoints, investor says
12 December 2023Institutional investors are likely to sharpen their focus on pushing policymakers for a more supportive framework for net zero-aligned private investment in the event of an "underwhelming" UN climate conference, a director at Rathbones has said.
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COP28: Controversial REDD+ study called into question
12 December 2023A controversial study which found 94% of REDD+ credits were 'worthless' has been called into question by new research, with scientists urging the original study to be retracted or "majorly revised".
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COP28: Debt-for-nature swaps encouraged by France, Colombia and Kenya
12 December 2023The French, Colombian and Kenyan governments have encouraged the use of 'debt-for-nature swaps' as a key mechanism for scaling up nature finance, amidst the launch of a review into national debt hindering sustainable investment.
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COP28: Global Stocktake nothing more than 'disjointed wish list', NGO says
12 December 2023The latest Global Stocktake drafted text is a "disjointed wish list" with weak language on reducing use of fossil fuels, an NGO has claimed.
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COP28: EU 'slowing progress on Article 6'
11 December 2023As negotiations on Article 6 continue into the second week of COP28, Environmental Finance has heard that EU may be looking to 'curtail' negotiations amid concerns about how its own carbon mechanisms could be affected.
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COP28: 18 countries join pledge to scale nature finance
11 December 202318 countries have signed a high-level declaration to protect and preserve nature, which includes scaling up private finance into nature-related approaches and improving nature reporting interoperability.