{"id":74745,"date":"2022-11-10T02:18:23","date_gmt":"2022-11-10T02:18:23","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/10\/today-carbon-markets-take-the-lead-at-cop27-its-science-day\/"},"modified":"2022-11-10T02:18:23","modified_gmt":"2022-11-10T02:18:23","slug":"today-carbon-markets-take-the-lead-at-cop27-its-science-day","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/10\/today-carbon-markets-take-the-lead-at-cop27-its-science-day\/","title":{"rendered":"TODAY: Carbon markets take the lead at COP27 + It\u2019s Science Day"},"content":{"rendered":"

Good morning, wonderful people \u2014it\u2019s day five of COP27 <\/strong>and we have a deluge of news for you from Sharm El Sheikh.<\/p>\n

The BIG CLIMATE STORY EVERYWHERE: It was a big day for carbon markets and carbon<\/strong> offsetting<\/strong> as Egypt\u2019s Finance Ministry hosted finance day<\/a>. Egypt\u2019s stock exchange, the EGX, launched Africa\u2019s first regional voluntary carbon market, which will allow companies across the continent to sell certified carbon credits from their emission-reducing projects. US climate envoy John Kerry announced a new carbon offset plan to encourage companies to invest in renewables projects in developing countries and claim carbon credits in return \u2014 although the plan is getting heat from some environmental advocacy groups.<\/p>\n

^^ We have the full rundown<\/strong> of what went down on Day 4 \u2014 and what to look out for over the next few days \u2014 in the news well, below.<\/p>\n

HAPPENING TODAY-<\/strong> It\u2019s Science Day<\/a><\/strong>, where sessions will be focusing on advances in climate science and the impacts of climate change on ecosystems, biodiversity, and global communities in a bid to ensure actionable steps are based on credible science. Youth & Future Generations Day<\/a><\/strong> will be happening at the same time, bringing high-level policymakers together with representatives of the Conference of Youth<\/a> to present the Global Youth Statement underpinning key policy requests to drive forward climate action and resilience.<\/p>\n

REMEMBER- <\/strong>The key issues at play (loss and damage, emission reduction targets etc.) are being negotiated by government delegations over the next 10 days so we\u2019ll likely have to wait until 18 November for a final agreement to come out of COP27.<\/strong><\/p>\n

ALSO- <\/strong>The continued detention of Egyptian activist Alaa Abdel Fattah<\/a><\/strong> is being widely discussed by COP delegates \u2014 and making global headlines \u2014 as his family ramps up a campaign for his release. Abdel Fattah, who recently became a UK citizen, began a hunger strike on 2 April and was said on Sunday to have stopped drinking water. The leaders of France, Germany and the UK have called on authorities to release Abdel Fattah this week and Politico<\/a> reports that US President Joe Biden will raise the issue when he arrives in Egypt tomorrow. Among those picking up the story: <\/strong>Financial Times<\/a> | AFP<\/a> | BBC<\/a> | Washington Post<\/a> | Foreign Policy<\/a> | Deutsche Welle<\/a> | The Hill<\/a> | The Economist<\/a> | Vice<\/a> | The Guardian<\/a>.<\/p>\n

KEY COP DATES-<\/strong><\/p>\n

Among the days and themes that we think are most relevant to MENA business leaders:<\/p>\n