What the operationalisation of Article 6 could mean for Southeast Asia

Quick Summary:

With key developments taking shape in the global carbon credit trade just a few weeks from COP29, experts say consensus will be crucial to helping Asian nations achieve their national determined contributions.

If we rely on current policies and measures to meet our nationally determined contributions, then we will only achieve our reduction or avoidance of emissions target halfway to 75 per cent.

The full implementation of Article 6 is seen as “crucial” for Southeast Asian countries to achieve their low-carbon pledges, said climate negotiation experts at a virtual forum held in 28 October.

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Author / Journalist: Hannah Alcoseba Fernandez

Category: EconomyBusiness

Markets: SingaporeAzerbaijanBrazilCambodiaChinaGhanaGuineaIndonesiaLaosPapua New GuineaPhilippinesThailand

Topics: Mitigation Carbon offsetting Carbon credits Carbon accounting UNFCCC UN COP Carbon trading COP29 Emissions

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 14:00:00 (3 days ago)

News Timezone: GMT +8:00

News Source URL: eco-business.com

Language: English

Article Length: 1189 words

Reading Time: 7 minutes read

Sentences: 40 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Eco-Business

News ID: 23472504

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Official Website: eco-business.com

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