Looming Showdown Over Global Plastic Treaty in Busan

Looming Showdown Over Global Plastic Treaty in Busan

A critical negotiation to craft the world’s first global plastic treaty is underway in Busan, South Korea. Still, the likelihood of a final agreement to end plastic pollution seems increasingly slim. Delegates attending the Intergovernmental Negotiating Committee (INC5.2) conference are deeply divided, prompting discussions about extending the negotiation process.
Financing: Why Negotiators Must Tread Carefully in Solving the Global Plastic Treaty’s FundingDilemma

Financing: Why Negotiators Must Tread Carefully in Solving the Global Plastic Treaty’s FundingDilemma

With two weeks of talks on global climate finance scheduled to end on Friday in Baku, Azerbaijan, many developing countries are left frustrated at what they believed was a lack of progress in the first week. Poorer countries want at least $1tn a year to help them cut greenhouse gas emissions and cope with the impacts of extreme weather.
Plastics Ban Treaty Crossroads: Can INC-5 Deliver?

Plastics Ban Treaty Crossroads: Can INC-5 Deliver?

Policymakers are not holding back their feelings that, more than any other issue, the production of plastic has divided INC participants. Some argue that no government will attack the profitable hyper-consumption paradigm fueled by the pivot from petroleum as fuel to petroleum as a source for raw materials for plastic product manufacturing (plastics is the solid form of petroleum), and a lot of compromise will have to be made to come out with a treaty.
National Carbon Registry on the way as Kenya Eyes Carbon Markets

National Carbon Registry on the way as Kenya Eyes Carbon Markets

According to National Environment Management Authority (NEMA) Director General Mamo B. Mamo, the Kenyan government is accelerating the development of three key regulations to activate carbon markets. Following the recent Climate Change Act of 2016 amendment, governance measures for both carbon markets and non-markets have been established.

COP29 Agrees International Carbon Market Standards

The recent endorsement of global carbon market standards under Article 6.4 during COP29 in Baku marks a significant development in climate finance and carbon emissions trading, especially beneficial for developing countries like Kenya. This standard allows countries to trade carbon emission reductions, aiming to accelerate the implementation of climate action plans through financial support and accessible carbon markets.