Singapore creates new lab to pursue economic decarbonisation options
Singapore will spend S$60 million ($44 mln) on a new institute to study various decarbonisation techniques, from new fuels to carbon capture and storage, with a focus on cutting the emissions of its energy and chemical sectors.
Read MoreINTERVIEW: Battling to stay afloat, Rimba Raya slashes headcount while warning credit issuance could more than halve
Rimba Raya is struggling to keep afloat after the concession holder of the popular Indonesian REDD+ project drastically cut staff numbers and warned there could be a sharp drop in voluntary carbon credit issuance, possibly impacting historical supplies, after it adopts Verra’s new consolidated methodology for avoided deforestation.
Read MorePlastic offsetting project in Indonesia suspended following community complaints -media
A plastic offsetting project backed by a food and drink multinational has been suspended on Verra’s plastic credit registry following complaints by the local community that the recycling facility was built illegally close to their land and without proper consultation, leading to withdrawal of involvement by the multinational.
Read MoreTaliban joins UN climate change talks for the first time
The Taliban government in Afghanistan has entered the first stage of discussions with the UN, donors, NGOs, and other stakeholders to understand the impact of climate change on the Central Asian nation.
Read MoreMajor global asset managers raise $1.4 bln for inaugural decarbonisation fund
Two of the world’s largest investment firms have raised $1.4 billion for their inaugural late-stage venture capital and growth private equity investment fund that is targeting companies accelerating the low-carbon transition.
Read MoreIndonesia’s Rimba Raya REDD+ project plunged into controversy after licence revoked by government
The giant Rimba Raya Biodiversity Project in Indonesia has been plunged into controversy after the local concession holder saw its business licence revoked by the government for violating carbon trading regulations, with the project’s owner failing to be notified about it.
Read MoreStartup looking to invest $150 mln in carbon offsetting projects in India, Sri Lanka
A Chennai-based developer is planning to invest $150 million in several carbon offset projects in India and Sri Lanka within the next 12-18 months, it announced at a conference this week.
Read MoreSingaporean tech firm teams up with Japanese biofuel developer on sorghum carbon projects
A Singapore-based tech company has partnered with a Japanese biofuel developer to create agriculture-based carbon credits from sorghum production.
Read MoreIndonesia looks to incorporate blue carbon in second NDC, ministry official says
Indonesia has begun preparing its second Nationally Determined Contribution (NDC) to submit to UNFCCC, the government announced in a press conference this week, adding that it would seek to incorporate the marine sector, with a focus on managing coastal and marine ecosystems.
Read MoreECOSYSTEM MARKETPLACE – Companies and Carbon Credits: From Anecdote to Evidence
The SBTi’s recent announcement about offset use against Scope 3 emissions was a significant milestone for the VCM, but it is already rekindling the debate between market proponents and critics. What does the evidence regarding carbon credits say, and why does this matter for nature?
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