Taiwan to introduce CBAM
Taiwan is reportedly developing its own Carbon Border Adjustment Mechanism, following the model set by the European Union. The country’s Ministry of Environmental Affairs has already approved a carbon fee for select emission sources. Taiwan has also approached regulators from the EU and Japan to ensure that the intended carbon levy is in line with […]
EU Commission proposes delayed introduction of deforestation law
The EU Commission recently proposed a 12 month delay in the implementation of the bloc’s deforestation regulations to give member states and other countries time to prepare. If approved by the European Parliament and the Council, it would make the law applicable on 30 December 2025 for large companies and 30 June 2026 for micro- […]
IEA finds world might achieve renewables tripling pledge
The Renewables 2024 report from the International Energy Agency (IEA) shows that global renewable power capacity will increase dramatically throughout the rest of the 2020s. China is the biggest contributor to this capacity increase, with the country set to account for almost 60% of all renewable capacity installed worldwide until 2030. IEA Executive Director Fatih […]
Cancel Coal Case goes to South African High Court
Youth-led environmental groups in South Africa have challenged the government’s plans for developing coal-fired power stations. The case is the country’s first youth-led climate change litigation. The applicants argue that the government’s plan threatens their constitutional rights, including the right to a healthy environment and the well-being of present and future generations, emphasising that the […]
Climate change: Reps explore ways for Nigeria to tap into $23bn green fund
Nigeria’s House of Representatives has tasked the Federal Government with exploring employment and investment opportunities in the climate investment funds, with a total value of green funds put at USD23 billion for the 2024 fiscal year. Hon Daniel Amos sponsored the resolution, and he highlighted the need for government Ministries, Departments and Agencies (MDAs) to […]
New climate finance target: Ministers still far apart on key issues
COP29 is set to reach an agreement on a New Collective Quantified Goal (NCQG). Government representatives have convened in Baku, Azerbaijan to discuss the NCQG, which is meant to assist developing countries tackle climate change. Participants have a positive outlook on the negotiations and progress on securing an agreement. However, there are still key differences […]
Pact for the Future concluded at UNGA
At the 79th session of the United Nations General Assembly held in September, world leaders adopted a Pact for the Future. It calls for progress on financing for sustainable development, securing global peace and security and meaningful engagement with the youth. The Pact is one of the three outcomes of the Summit of the Future, […]
East African states fail to agree on use of GMO crops
Representatives from Kenya, Rwanda and Uganda support the use of genetically modified organisms (GMOs) to improve food security and industrial development. This stands in contrast to other partners in the East African Community (EAC), who oppose the use of GMOs in the region. The EAC Secretariat hopes that dialogue will help reach a common position, […]
Report finds US$2.6 trillion in Environmentally Harmful Subsidies
A new report by Earth Track states that Environmentally Harmful Subsidies have increased to at least $2.6 trillion a year, equivalent to 2.5% of global GDP. These subsidies harm nature and associated biodiversity, and slow global efforts to transition to lower-impact production methods and energy systems. The report notes that fossil fuel subsidies (FFS) have […]
Nigeria and South African stock exchanges discuss carbon market potential and linkages
In a joint statement, the Nigerian Securities and Exchange Commission (SEC), the Nigerian Exchange Group (NGX), and the Johannesburg Stock Exchange (JSE) announced a new strategic partnership towards the development of capital markets in Africa as a whole. , fostering global partnerships, and aligning with international standards—an effort aimed at promoting growth in the capital […]