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.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th July, covering the latest developments you need to know. Â
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 21st of July, covering the latest developments you need to know.
Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
President Donald Trump said the United States will target Iran’s heavily fortified Pickaxe Mountain site “pretty soon” as he meets with Lebanese president Michel Aoun. Meanwhile, U.S. forces carried out a 10th consecutive night of strikes on Iran while Tehran continues to target Gulf countries.
Azerbaijan has rejected suggestions it played any official role in reported private talks between former German politicians and Russian representatives in Baku, saying the meetings were organised independently.
Spanish military firefighters worked through the night into Sunday to contain the La Mierla wildfire, which continued to spread across Guadalajara province in central Spain.
At least 10 people were killed and several others reported missing after flash floods struck Rajouri city in Indian-administered Jammu and Kashmir on Sunday, according to local media.
A major wildfire in Spain's Aragon region has burned more than 15,000 hectares, forcing evacuations and prompting authorities to declare a level two emergency.Â
Hungary is channelling around two million cubic metres of water into the park's largest marshland, Fekete-rét (Black Meadow), through the Nyugati irrigation canal to replenish wetlands affected by prolonged dry conditions.
Toronto experienced the worst air quality of any major city in the world on Wednesday as thick smoke from wildfires burning across north-western Ontario blanketed the city.
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