As the largest economy in Central Asia, with the highest emission output per GDP, Kazakhstan’s decision to establish Asia’s first cap-and-trade system is likely to add to the mobilisation of carbon pricing mechanisms in the region.
Published in May 2015 by I4CE together with the International Emissions Trading Association (IETA) and the Environmental Defense Fund (EDF).
Commission President von der Leyen announced a €2 trillion EU budget fit “for a new era,” set to launch for a seven-year period in 2028. As EU-watchers in Brussels and beyond scrambled to digest the reams of legislative proposals that followed this headline-grabbing announcement, much in the detail should give pause – especially from the perspective of closing the EU’s climate investment deficit.
With the dust settling from COP29’s hard-fought negotiations on the New Collective Quantified Goal (NCQG), attention is shifting to how the climate finance goal will be met. The challenge is how to scale up financing for increasingly connected priorities in a challenging landscape of debt stress and cuts in official development assistance.
