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COP29 in Baku is (finally) over. It focused on critical climate issues but failed to deliver bold actions. Key “outcomes” included setting a $300 billion annual climate finance goal by 2035 and finalizing rules for carbon trading. However, fossil fuel phase-out decisions were delayed to COP30. Furthermore, critics highlighted insufficient ambition and lingering concerns over accountability and implementation. This blog article is part of our coverage of COP29 in tracecarbon’s COP blog series.
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The 29th Conference of the Parties (COP29) is witnessing significant geopolitical tension, largely driven by states with vested interests in…
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In Baku, Azerbaijan, COP29— the 2024 United Nations Climate Change Conference or the Conference of the Parties — is underway,…
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Simplified, net zero refers to the balance between the amount of greenhouse gases (GHG) produced and the amount removed from…
Other Articles
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COP28 was held in Nov-Dec 2023 in Dubai. The “consensus” reached on COP28 was the first in the history of COP summits to explicitly mention the need to shift away from every type of fossil fuel. However, COP28 received widespread…
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“Carbon offsetting” refers to the reduction of emissions or removal of carbon dioxide from the atmosphere in one place to make up for emissions in another.
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Prioritizing measures on a decarbonization roadmap can be tricky. The cost curve - or more precisely the marginal abatement cost curve - is one of the many abatement prioritization tools we use for doing s. It has a lot of…
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Are 90% of rainforest carbon offsets really phantom credits? A nine-month investigation undertaken by some our favorite weekend reads (like Source Material, Guardian and Die Zeit) seems to prove that forest carbon offsets approved by the world’s leading certifiers (and…
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From the look of things, COP27 will end our hopes of limiting global warming to 1.5 degrees. At the time of writing this blog article, climate talks at COP27 are going into overtime, with little progress toward the emissions cuts…
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The new EU sustainability reporting directive (CSRD) standardizes and expands reporting obligations and the number of companies required to report under the new EU legislation. Standardized reporting standards, double materiality, auditing, and a uniform electronic reporting format are just the…