The global carbon market is at an inflection point as discussions during the recent COP meeting in Brazil demonstrated. After years of negotiations over carbon market rules under Article 6 of the Paris Agreement, countries are finally moving on to the implementation phase, with more than 30 countries already developing Article 6 strategies. At the same time, the voluntary market is evolving after a period of intense scrutiny over the quality and integrity of carbon credit projects. The era of Carbon Mar ...

COP30 climate talks mark 10 years since the landmark Paris Agreement. Follow @climate and subscribe to the free Bloomberg Green Daily newsletter to get our special coverage: https://t.co/HQNFq9uN0n https://t.co/NsD6rH4B7A ...

COP30 climate talks mark 10 years since the landmark Paris Agreement. Follow @climate and subscribe to the free Bloomberg Green Daily newsletter to get our special coverage: https://t.co/HQNFq9uN0n https://t.co/A3aLeMbbM7 ...

COP30 climate talks mark 10 years since the landmark Paris Agreement. Follow @climate and subscribe to the free Bloomberg Green Daily newsletter to get our special coverage: https://t.co/HQNFq9uN0n https://t.co/adACI0Jq0l ...

Climate Change & Policy - COP30 气候谈判标志着具有里程碑意义的《巴黎协定》达成 10 周年 [1] - Bloomberg Green Daily newsletter 提供特别报道 [1]

Core Insights - The financial sector has provided over $425 billion in financing to companies contributing to deforestation over the past decade, with $72 billion allocated in the last 18 months alone [1][2] - The increase in lending to forest-risk commodity companies has coincided with significant deforestation, with a record loss of 6.7 million hectares of tropical and boreal forests last year [3] - Major banks, particularly Banco do Brasil, are leading in financing these sectors, with nearly $8 billion provided in the first nine months of this year [4] - Asset managers have increased their investments in forest-risk commodities by $7.8 billion over the past decade, totaling approximately $33 billion by the end of September [5][6] - The report calls for regulatory changes to prevent banks and investors from profiting from deforestation and human rights violations [7][8]

Group 1 - Global efforts to reduce emissions are expected to accelerate significantly post-2030, according to an analysis by the London Stock Exchange Group (LSEG) [1] - LSEG's analysis indicates a potential additional reduction in greenhouse gas emissions of up to 18% over the next five years compared to existing 2030 targets [2] - Only 64 countries, accounting for about one-third of global emissions, submitted Nationally Determined Contributions (NDCs) by the September 30 deadline, raising concerns about the ambitious climate agenda at the upcoming COP30 summit [3] Group 2 - An inconclusive COP30 summit could derail the NDC process, while firm commitments from major actors could reinforce the Paris Agreement and the NDC mechanism [4] - The 2035 targets set by G20 economies, representing 71% of the group's emissions, indicate substantial new climate commitments, implying a reduction of 3.3 to 4.4 gigatons of carbon-dioxide equivalent compared to the 2030 NDCs [5] - Faster emissions reductions are primarily linked to progress in China and Turkey, while the European Union is still seeking consensus on its emissions plan [6] Group 3 - Progress on NDCs has significant implications for companies and investors, as they will face increased transition risks due to government efforts to accelerate the shift to a low-carbon economy, along with growing physical risks [7]

Bloomberg Green's Zero podcast looks back at a decade of the Paris Agreement with Christiana Figueres and Laurence Tubiana, two of the architects of the deal https://t.co/ZeTSCuvDMX ...

Core Insights - BP expects global oil demand to grow until 2030, revised from a previous forecast of peaking by 2025, indicating slower energy efficiency improvements and carbon emission reduction efforts [1][3] Oil Demand and Production - Global oil demand is projected to reach 103.4 million barrels per day (bpd) by 2030 under the Current Trajectory scenario, before declining to 83 million bpd by 2050 [2] - If energy efficiency gains remain weak, oil demand could rise to approximately 106 million bpd by 2035 [3] - In the Below 2-Degrees scenario, oil demand is expected to peak in 2023 at 102.2 million bpd, then drop to 33.8 million bpd by 2050 [3] - U.S. onshore production is expected to remain stable at around 15 million bpd in the first half of the outlook, while Brazil and Guyana are projected to see significant increases [4] Carbon Emissions - Under the Current Trajectory, CO2 equivalent emissions are expected to remain flat until 2030, followed by a reduction of about 25% by 2050 from 2023 levels [5] - The Below 2-Degrees scenario anticipates a 90% reduction in emissions, driven by accelerated decarbonization in emerging economies [5] Natural Gas and LNG Demand - Natural gas demand is forecasted to grow to around 4,800 billion cubic meters (bcm) by 2040, a 17% increase from current levels, primarily driven by demand from China, India, and other Asian and Middle Eastern countries [6] - The European Union's imports of Russian pipeline gas are expected to decrease by about 50% to 15 bcm and remain at that level for decades [6] - Liquefied natural gas exports are projected to rise to around 900 bcm by 2035, with over 50% of supplies sourced from the U.S. and the Middle East [7]

Climate Finance & Policy - COP30 in Brazil will focus on accelerating the implementation of the Paris Agreement on its 10th anniversary [1] - Bloomberg Green in Sao Paulo will be held on November 4th [1] Event Focus - The event follows last year's "Finance COP" in Baku [1]