Natural capital fund launches with eyes on Article 6 market
A Singapore-based environmental venture and a global natural capital firm have partnered to launch a new fund tied to Article 6 deals with governments, the two announced Tuesday.
Read MoreIndian carbon credits not just for domestic use, will be allowed to be traded internationally -official
India will allow foreign buyers to purchase carbon credits generated in the country, the administrator of the national market told a webinar this week, seeking to clarify the government’s policy after market participants had expressed confusion about the eligibility of selling units abroad.
Read MoreINTERVIEW: Mongolia government, Nature Conservancy launch $198 mln conservation finance scheme
A partnership led by the government of Mongolia and The Nature Conservancy (TNC) has raised $198 million in commitments towards conservation and sustainable communities, with similar initiatives in up to 20 other countries in the pipeline.
Read MoreSBTi boss “regrets distress” caused by proposed change to carbon offset use policy
The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation’s dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.
Read MoreIndia seeks exemption from UK’s CBAM -media
India is seeking an exemption from Britain’s planned carbon adjustment border tax (CBAM) as part of negotiations aiming to finalise a free trade deal with the UK, according to an exclusive in the Guardian newspaper.
Read MoreNew Zealand pledges climate finance for Southeast Asia, looks at Article 6 tie with the Philippines
New Zealand has committed NZ$41 million ($25 mln) in climate finance to Southeast Asia via the Asian Development Bank’s (ADB) Energy Transition Mechanism (ETM), it said Friday, while entering into early talks with the Philippines over potential cooperation on Article 6.
Read MoreKorean water utility secures early carbon project deals in Central Asia
A state-owned water supplier in South Korea has secured partnerships with two Central Asian countries as it seeks to explore the potential of emissions reduction projects using renewable energy in the region.
Read MoreGenZero, VCMI partner to carve out role for technical innovation in “high integrity” carbon ecosystem
Temasek subsidiary GenZero has partnered with the Voluntary Carbon Markets Integrity Initiative (VCMI) to substantiate the use case for technical products such as Sustainable Aviation Fuel (SAF) certificates and understand their potential role in high integrity carbon market infrastructure.
Read MoreJapanese, Indian firms sign deal on green ammonia collaboration
A major Japanese energy company has signed an initial agreement with India’s biggest renewable energy firm on ammonia supply, the second such deal in recent months for a fuel deemed by the Indian government as eligible for export under Article 6 of the Paris Agreement.
Read MoreANALYSIS: Voluntary carbon actors eye narrative change but demand still lacking
Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.
Read More
