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.
At the Antalya Diplomacy Forum, COP29 President Mukhtar Babayev highlighted Azerbaijan’s climate leadership, unveiling the Baku to Belem Roadmap. The initiative aims to scale climate finance to $1.3 trillion by 2035, with global cooperation to support developing nations.
Pope Francis calls on wealthy nations at COP29 to address "ecological debt" by forgiving poor countries' debts, fostering justice and solidarity in climate action.
Russian Foreign Minister Sergey Lavrov extended Moscow’s support for the ongoing indirect nuclear talks between the United States and Iran, offering to mediate or assist in any way that would be beneficial to Tehran and acceptable to Washington.
The British steel industry is grappling with its most significant crisis in decades, as the government has been forced to intervene in an emergency bid to save the country's last operational blast furnaces at British Steel.
Japanese Finance Minister Katsunobu Kato strongly denied accusations that Japan manipulates its currency to weaken the yen, ahead of a highly anticipated meeting with U.S. Treasury Secretary Scott Bessent next week. Kato addressed the issue in the Japanese parliament on Friday, reaffirming that Jap
Italian PM Giorgia Meloni met with Donald Trump and JD Vance in Washington, using charm, shared views, and her native Italian to strengthen ties. She later hosted Vance in Rome, praised U.S.-Italy relations, and invited Trump to visit Europe.
Russia’s defense ministry has accused Ukraine of carrying out four separate attacks on its energy facilities within a 24-hour period, alleging violations of a U.S.-brokered moratorium aimed at preventing strikes on each other’s critical energy infrastructure.
The Russian ruble has emerged as the top-performing currency globally in 2025, registering an impressive 38% appreciation against the US dollar since the beginning of the year, according to a report by Bloomberg.
A small plane crashed near Kopake, New York, on April 13, killing at 6 people. The Mitsubishi MU-2B aircraft, carrying six people, went down under unclear circumstances. This marks the second aviation accident in New York in a week, raising safety concerns.
Several regions in Ukraine faced heightened alert on Palm Sunday, as reports of explosions and missile threats drew public attention and official responses.
Start your day informed with AnewZ Morning Brief: here are the top news stories for April 16th, covering the latest developments you need to know.
Severe rainfall on April 17 led to flooding and landslides in the Piedmont region, prompting a large-scale emergency response from over 400 firefighters.
Oman, the Netherlands, and Germany have signed an agreement to establish the world’s first liquid green hydrogen import corridor, linking Oman’s Duqm port with Amsterdam and Duisburg. The project aims to supply Europe with renewable hydrogen, supporting clean energy goals.
The Copernicus Climate Change Service (C3S) reports that March 2025 was the second-warmest globally and the warmest on record in Europe, signaling ongoing changes in global climate trends.
China has unveiled an ambitious expansion of its renewable energy programme, pledging major investment in solar and wind infrastructure to boost clean energy to 40% of its power mix by 2030—marking a decisive shift toward grid integration and nationwide deployment.
The inaugural Samarkand International Climate Forum will kick off on 4th April at the Silk Road Samarkand Congress Center in Uzbekistan. The high-profile forum will be held under the theme "Central Asia Facing Global Climate Challenges: Consolidation for Shared Prosperity."
Brazil has named automotive industry executive Dan Ioschpe as its official “climate champion” for the COP30 summit, to be held in Belém this November.
Russian Foreign Minister Sergey Lavrov extended Moscow’s support for the ongoing indirect nuclear talks between the United States and Iran, offering to mediate or assist in any way that would be beneficial to Tehran and acceptable to Washington.
The British steel industry is grappling with its most significant crisis in decades, as the government has been forced to intervene in an emergency bid to save the country's last operational blast furnaces at British Steel.
Japanese Finance Minister Katsunobu Kato strongly denied accusations that Japan manipulates its currency to weaken the yen, ahead of a highly anticipated meeting with U.S. Treasury Secretary Scott Bessent next week. Kato addressed the issue in the Japanese parliament on Friday, reaffirming that Jap
Italian PM Giorgia Meloni met with Donald Trump and JD Vance in Washington, using charm, shared views, and her native Italian to strengthen ties. She later hosted Vance in Rome, praised U.S.-Italy relations, and invited Trump to visit Europe.
Russia’s defense ministry has accused Ukraine of carrying out four separate attacks on its energy facilities within a 24-hour period, alleging violations of a U.S.-brokered moratorium aimed at preventing strikes on each other’s critical energy infrastructure.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment