Latest news with #Article6


Muscat Daily
2 days ago
- Business
- Muscat Daily
CAA, IATA hold workshop on sustainable aviation emissions in Oman
Muscat – In collaboration with the International Air Transport Association (IATA), the Civil Aviation Authority (CAA) on Wednesday hosted a workshop focused on the implementation of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) in the Sultanate of Oman. Titled 'Understanding and Implementing the Requirements of CORSIA in the Sultanate of Oman,' the workshop aimed to raise awareness among key stakeholders about the global framework and its potential to deliver both economic and environmental benefits for the country. CORSIA, a programme under the International Civil Aviation Organization (ICAO), is designed to cap carbon dioxide emissions from international flights at 2020 levels by requiring airlines to offset any increase in emissions beyond that baseline. The workshop highlighted the alignment of CORSIA with international climate agreements, particularly the United Nations Framework Convention on Climate Change (UNFCCC) and Article 6 of the Paris Agreement. Participants were briefed on compliance requirements and the broader implications of CORSIA on the global carbon market and sustainable development initiatives. Key sessions focused on identifying and developing eligible projects under the CORSIA framework, with case studies from the Global Carbon Council and examples of Omani initiatives. These discussions explored ways to integrate local offsetting efforts with international mechanisms, encouraging collaboration among regulators, airlines, and project developers. The event also served as a platform to explore opportunities to expand Oman's participation in the global carbon market through aviation-related sustainability initiatives. It aimed to equip stakeholders with the knowledge and tools to develop, endorse, and implement CORSIA-compliant projects that align with the country's climate and development goals. The outcomes of the workshop are expected to support the creation of new carbon offset projects in Oman, foster cross-sector cooperation, and strengthen the nation's environmental credentials in line with best global practices.


Euronews
3 days ago
- Business
- Euronews
The Qatar Economic Forum fuels ambition and innovation
In this episode, Laila Humairah interviews financial elites, policymakers and deal-making executives who showcase cutting-edge innovations that contribute to sustainable growth. ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ ㅤ ㅤㅤ ㅤㅤ ㅤㅤ ㅤㅤㅤ ㅤㅤ ㅤㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤㅤㅤㅤㅤㅤ ㅤㅤㅤㅤ ㅤㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤㅤㅤ ㅤㅤㅤ ㅤㅤ ㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤㅤㅤㅤㅤ ㅤㅤㅤㅤㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤㅤㅤ ㅤ ㅤㅤㅤ ㅤ ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ ㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤㅤ ㅤ In this episode of Energy Frontiers, COP29 President Mukhtar Babayev calls for urgent climate action and accountability from world leaders ahead of COP30 in Brazil. Speaking to Euronews, Babayev stresses the need to move beyond pledges and into implementation—highlighting outcomes from COP29 in Baku, including a $300 billion climate finance target and progress on Article 6 carbon markets. With climate leadership fragmented and global emissions still rising, Babayev says 2025 must be a turning point: 'It's time for developed countries to deliver real support to the developing world.'


Saudi Gazette
3 days ago
- General
- Saudi Gazette
Saudi Arabia studies ways to combat forest fires and promote sustainability
Saudi Gazette report RIYADH — The National Center for Vegetation Cover Development and Combating Desertification (NCVC) has completed a study titled "Methods of Preventing Forest Fires and Addressing Their Impacts in the Southern and Southwestern Regions of Saudi Arabia," in collaboration with King Khalid University and Monash University in Australia. This study is part of its efforts to enhance forest protection and reduce the risk of fires, in order to achieve environmental sustainability goals. The study included a comprehensive assessment of forest conditions, the creation of a digital database, and the development of an integrated action plan that includes relevant agencies, defining the tasks of each agency. It utilized modern technologies such as early warning and drones. It also presented field designs and sustainable alternatives for creating strategic corridors, developed a guide for post-fire forest rehabilitation, established an organizational structure for a joint operations room, and activated the role of the community and volunteer teams in prevention and control. It also placed particular importance on community engagement, by developing a comprehensive mechanism that enables community volunteer teams in forest areas to effectively contribute to prevention and control efforts through training, qualification, and integration with the work of official agencies. This study represents a distinguished model of institutional, technical, and societal integration in the field of forest development and protection. It affirms Saudi Arabia's commitment to preserving its natural resources and confronting the challenges of climate change, reflecting a strategic vision that seeks to achieve a balance between development and the protection of ecosystems. The National Center for Vegetation Cover Development and Combating Desertification is working to enhance the presence of sustainable vegetation cover in forests. It has adopted an initiative to plant 60 million trees, equivalent to rehabilitating 300,000 hectares by 2030. In addition, it works on the executive regulations for vegetation cover development and combating desertification, through Article 6 on forest regulations. This aims to prepare and implement a national plan for sustainable forest management, work to protect, preserve, and develop forests, and regulate grazing in forest lands.


Euronews
3 days ago
- Politics
- Euronews
COP29 President urges action ahead of COP30 in Brazil
In this episode of Energy Frontiers, COP29 President Mukhtar Babayev calls for urgent climate action and accountability from world leaders ahead of COP30 in Brazil. Speaking to Euronews, Babayev stresses the need to move beyond pledges and into implementation—highlighting outcomes from COP29 in Baku, including a $300 billion climate finance target and progress on Article 6 carbon markets. With climate leadership fragmented and global emissions still rising, Babayev says 2025 must be a turning point: 'It's time for developed countries to deliver real support to the developing world.'


Time of India
4 days ago
- Business
- Time of India
Will COP30 turbocharge global climate change actions?
The UN calls for clawing back the temperature rise in line with the Paris agreement signed and ratified by 195 parties and subsequent COP agreements. COP29 in Baku, Azerbaijan created plenty of excitement and hopes but with limited success. Simon Stiell , UN Climate Change Executive Secretary, called for stronger and decisive actions to avert climate change disasters. As on date the achievement of global emission reduction is far away from the target, necessitating timely actionable and achievable national climate plans. So, COP30 aspires to turbocharge global climate progress through implementation of Article 6 of the Paris Agreement. During COP29 the parties agreed to develop strong standards for the UN monitored international carbon market. COP30 targets to reinforce and realign the parties to focus on key targets of emission reduction. The world leaders agree that adverse impacts of climate change are far too many with increased occurrences. Extreme weather resulting in undesirable events negatively affecting economic growth and well-being of society. For example, untimely cyclones and floods severely damage the global food chain, which seriously hampers prosperity. Our World data indicates that damages to global GDP caused by extreme weather events increased from 0.10 per cent in 1960 to 0.20 per cent in 2020. During the period the quantum of GDP damage in India increased from 0.04 per cent to 0.45 per cent , which is much higher than the global level. The UN has been cohesively working on reducing the impact of climate change on the global community. The COP30 presidency started working on the leadership circles to tackle key issues 'climate finance, traditional and indigenous peoples and communities, climate governance, and global mobilisation'. The circles intend to work with multiple stakeholders to fast-track climate progress. COP29 acknowledged the imminent challenges of managing resources, more importantly arranging funds for climate finance. So, COP30 assigned the important role to the Finance Ministers Circle to develop a roadmap and strategies to mobilize $1.3 trillion annually by 2035 for meeting climate financing in developing countries. Past Presidents Circle intends to draw upon the experience of past 10 presidents since COP21 to reinforce the global climate governance and implementation. Greater involvement of academia, private players, civil society, and youth bring more inclusiveness to the decision-making process. Global community driven approaches are expected to deliver better results, however customized solutions to local problems cannot be ignored. In 2024, most of the $2 trillion climate investment happened in the developed nations. COP30 calls for smooth flow of climate investment to the regions where it is the most needed. The green climate fund (GCF) so far has funded 297 projects worth $16.7 billion, out of which 133 projects executed or under execution in developing countries. India got funding of $803.9 million for 12 projects for climate mitigation and cross-cutting purposes. Additionally, $5.6 million approved from GCF for five readiness activities. The developed nations should not shy away from their commitments, especially the investment commitment and responsibilities. The developed countries are in a better position to fund their sustainable energy transition compared to the developing and the least developed countries. A handful of developed (green) economies will not be sufficient to keep the global community happy, healthy, and safe. Therefore, the UN intends to have uniformity and harmony not only for economic prosperity but also for climate prosperity. It is important to highlight that timely and efficient emission management is impossible without knowing emissions sources, actual quantum, and inventory. Therefore, the Biennial Transparency Report ( BTR ) and National Inventory Document ( NID ) will serve as key instruments to check global emission realities. For instance, Japan's BTR acknowledges that the energy sector contributes 87.1 per cent of the emissions. Hence, it is critical to reduce or eliminate the emissions across the energy value chain. The International Energy Agency (IEA) estimates that the oil and gas value chain is responsible for 15 per cent of total energy-related emissions. Cutting down 50 per cent emission intensities in global upstream, midstream, and downstream oil and gas operations by 2030 requires investment to the tune of $600-800 billion. A cash-rich industry like oil and gas can afford it, but lack of sufficient intent remains a dampener. In the United States, transportation, electric power industry, industry, agriculture, commercial, and residential contribute 28.4 per cent , 24.9 per cent , 22.9 per cent , 10 per cent , 7.3 per cent , and 6.2 per cent of the total emissions. The statistics indicate that transportation, power, and industry offer the maximum scope for emission reductions not only in the United States but also in many industrialised economies. Even emerging economies like India, China, and Brazil need to tackle emission issues in the above-mentioned segments. COP28 and COP29 emphasized reducing emissions, building climate resilience global community, facilitating fund arrangements for vulnerable nations, and assisting technology access for all to push forward sustained and accelerated actions to implement the UN driven collective decisions to achieve climate change goals by 2035. Further, reinforcing focus on executing 'transitioning away from fossil fuels' to sustainable solutions like solar, wind, biofuel, and green hydrogen is key to timely energy transition. In this context, fixing carbon market issues can assist concerned parties to show sustainable progress. The BTR, NID, and Intended Nationally Determined Contributions reports will help develop a centralized comprehensive data acquisition, implementation, and monitoring mechanism. COP28 and COP29 made pathbreaking agreements. Under Brazil's presidency COP30 might turbocharge global climate progress through multilateralism and consensus building pathways to execute action plans and achieve climate targets. Hopefully, COP30 stimulates the developed countries and wealthy developing countries like China to support the other developing and least developed countries to achieve their climate change goals. (The author is Professor at Department of Management Studies, Rajiv Gandhi of Petroleum Technology, Jais, India)