The 29th United Nations Climate Change Conference (COP29) concluded on Sunday in Baku, Azerbaijan, with a nuanced outcome, as international negotiators reached a compromise on climate financing while struggling to make significant progress on comprehensive emissions reduction strategies. Financing Framework: A Delicate Diplomatic Compromise After intense negotiations that stretched into
CARBON emissions are now a major global problem due to the acceleration of global warming. The ocean is the greatest active carbon pool in the world, able to store up to 30% of the carbon dioxide (CO2) released annually by human activity. This carbon storage period can extend up to
A New Economic Framework Emerges The global maritime sector is undergoing a fundamental transformation as nations embrace the concept of the “Blue Economy”, a sustainable development approach that balances economic benefits with environmental protection and social equity. This evolving framework, which extends beyond traditional maritime industries, represents a crucial shift
In the face of growing environmental concerns, the Paris Agreement has emerged as a pivotal international treaty addressing global climate change. This accord, developed within the United Nations (UN) framework, represents a collective commitment by nations worldwide to limit global temperature increases. Origins and Context The Paris Agreement, a product
In the world of carbon offsetting, a critical concept known as “permanence” plays a pivotal role in determining the effectiveness of climate change mitigation efforts. This article delves into the meaning, significance, and challenges of carbon credit permanence, shedding light on its importance in the fight against global warming. Permanence,
Leakage in Carbon Credit Projects: Leakage in carbon credit projects refers to an unintentional increase in greenhouse gas (GHG) emissions outside the project’s scope, occurring as a result of the project’s implementation. It’s a critical factor to evaluate alongside additionality and permanence when assessing a project’s real-world impact on emission
By Waseem Razzaq Khan (Part 1)In the rapidly evolving landscape of climate change mitigation, carbon markets have emerged as a potential solution to reduce greenhouse gas emissions. However, a critical concept known as “additionality” is now at the forefront of discussions among climate experts, policymakers, and market participants. This principle
As we discussed in our previous article, carbon credits are emerging as a powerful tool in the fight against climate change. For farmers, these tradable permits represent not just an opportunity to contribute to environmental conservation, but also a new source of income. By adopting specific sustainable practices, farmers can
In the fight against climate change, an innovative financial tool is emerging as a potent ally. Carbon credits, also known as carbon offsets, are transforming how businesses, governments, and individuals approach environmental responsibility. What is a Carbon Credit? Carbon credits are tradable permits representing a reduction in greenhouse gas emissions.
The International Climate Situation and Malaysia’s Commitment Climate change is an existential threat to humanity, with far-reaching consequences for the planet’s ecosystems, economies, and societies. Recognising the urgency of this crisis, the international community has mobilized through coordinated efforts and binding agreements. The United Nations Framework Convention on Climate Change
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