COP29 in Azerbaijan set key rules for carbon credit trading, boosting the global carbon market. Early adopters like Japan, Singapore, and South Korea aim to meet climate goals, while ASEAN explores a regional approach for emissions reduction and economic growth.
The 29th UN Climate Conference in Azerbaijan marked a major step forward for the global carbon market by establishing clear rules for carbon credit trading and emissions reduction projects. These guidelines aim to boost international cooperation and climate finance.
Japan and Singapore have already launched initiatives, while South Korea plans to meet part of its 2030 climate targets through international mitigation efforts. ASEAN is also exploring a regional carbon market, promising substantial emissions reductions and economic benefits.
The COP29 framework provides the foundation for expanding climate finance and fostering private sector investment, driving progress toward global climate goals.
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World Environment Day should be used as a platform to turn public awareness into concrete policy action on climate change, biodiversity loss and pollution, according to a senior United Nations environment official speaking in an interview with AnewZ's Guy Shone.
Azerbaijan continues to host a series of high-profile global events, including COP29, the World Urban Forum and upcoming World Environment Day activities, positioning itself at the centre of international climate discussions.
Azerbaijani President met with UN-Habitat Executive Director Anacláudia Rossbach in Baku on 16 May ahead of the 13th Session of the World Urban Forum (WUF13), with both sides highlighting Azerbaijan’s preparations and expanding cooperation in urban development.
Some changes are immediately visible: new turbines on the steppe, solar panels on rooftops, and figures in reports. Other changes mature in silence - but transform everything. Azerbaijan, for decades associated with black gold, is now writing a new chapter.
Rescue teams raced on Sunday to find more survivors of the two powerful earthquakes that struck Venezuela this week, with signs of life bringing occasional relief to a grim quest to whittle down a list of tens of thousands missing.
Iranian and U.S. negotiating teams were due in Doha this week, but Iran said on Monday no meeting had been scheduled as weekend missile fire from both sides tested the interim ceasefire to end the four-month-old war.
The U.S. and Iran have agreed to 'stand down' and resume technical talks, allowing vessels allowed to move freely under the interim peace deal, a U.S. official said.
Six adults were killed in a shooting at a youth welfare facility in northern Germany on Monday, with police detaining two people, including the suspected gunman.
Azerbaijan has criticised Israel’s recent decision to recognise the 1915 events involving Armenians as genocide, warning against politicising historical narratives. The response comes after Israel’s cabinet approved the proposal, which still requires parliamentary ratification.
A bird’s nest woven from dry grass and fibre-optic cable near Ukraine’s front line is offering researchers an unusual glimpse into how more than four years of war are reshaping the natural environment.
Japan remained on high alert Saturday as Typhoon Mekkhala approached the eastern coast after Typhoon Higos weakened into a tropical depression. Authorities warned of continued heavy rain, flooding, and landslides, according to media reports.
As Western Europe battles a deadly heatwave that has shattered temperature records, disrupted transport and power supplies, and forced the closure of schools and cultural landmarks, attention is turning to whether El Niño is playing a role in the extreme conditions.
Major technology, telecom, aviation and crypto-related firms have pledged to strengthen cooperation to tackle the illegal wildlife trade according to statements made at a business forum convened by United for Wildlife during London Climate Action Week.
Scientists have identified almost 166,000 square kilometres of coral reefs worldwide that appear capable of surviving and recovering from the impacts of climate change, offering new hope for some of the planet's most vulnerable marine ecosystems.
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