Plastics Ban Treaty Crossroads: Can INC-5 Deliver?
Posted inFeature

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.
UN Chief Urges More Funding for Climate Loss and Damage
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UN Chief Urges More Funding for Climate Loss and Damage

UN Secretary-General António Guterres, speaking at COP29 in Baku, highlighted that the initial $700 million for the Loss and Damage Fund—a victory for developing nations, multilateralism, and climate justice—equates to the annual earnings of the world’s ten highest-paid footballers.
National Carbon Registry on the way as Kenya Eyes Carbon Markets
Posted inGreen Finance

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.
Posted inGreen Finance

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.