Commentary by Kalina Oroschakoff in Neue Zürcher Zeitung (NZZ) “Ten years after the Paris Agreement, one thing is clear: the world will not be able to limit global warming to 1.5 degrees. The focus should now be on restructuring the energy industry, especially in developing and emerging countries.” See full article below. CarbonWise Consulting’s expertise...

— A New Legal Framework Emerges, Transforming Climate Action into a Binding Obligation — Significant Developments from The Hague The International Court of Justice (ICJ), the UN’s principal judicial body, has issued a landmark advisory opinion stating that inaction on climate change may breach international law. This ruling represents a pivotal moment, particularly for nations...

On June 13 during the Global NDC Conference in Berlin, Ana Toni, CEO of COP30, gave a keynote speech emphasising the critical need for ambitious national climate commitments and collective action to tackle the climate crisis. Currently, only 22 out of 195 countries have submitted their updated Nationally Determined Contributions (NDCs), which are essential climate...

At the recent Petersberg Climate Dialogue in Berlin, diplomats and ministers from around the world gathered to explore collaborative approaches to combat climate change, particularly in light of the U.S. withdrawal from the Paris Agreement. Despite the challenges, leaders like Annalena Baerbock emphasized the potential for renewed cooperation and innovative solutions. With representatives from 40...

The 18th edition of the German-African Energy Forum (GAEF) this year was themed “Projects, Finance, Future – Implementing Energy Projects in Africa”. The conference is an official side event of the Berlin Energy Transition Dialogue (BETD). Delegates addressed the financing of sustainable energy projects in Africa, green hydrogen and climate action frameworks. CarbonWise Consulting had the privilege...

Article 6 of the Paris Agreement sets out the mechanisms through which countries can collaborate to achieve their climate goals, including the use of carbon markets and other collaborative methods. The utilisation of these approaches by nations has the potential to enhance their efforts to meet their Nationally Determined Contributions (NDCs), promote sustainable development, and...

Fast-growing marketCarbon credit trade is developing into an exponentially growing market and will play a decisive role in global climate protection in the coming years. Among many national and regional schemes, this is especially true for the trade of ITMOs based on Paris Agreement Article 6. International collaborationArticle 6 allows the Parties of the Paris...

Carbon markets are the critical factor for scalable climate action. Mr. Elnur Soltanov, Chief Executive Officer of COP29 Azerbaijan, described ITMO (Internationally Transferred Mitigation Outcome) trading according to Paris Agreement Article 6 as the “Holy Grail” of carbon mitigation. He stated, “Article 6 is essential for internationalising these compulsory markets and tying back to NDCs....