ECOSYSTEM MARKETPLACE: Former UNFCCC boss Yvo de Boer still working the climate puzzle, but from a different angle
Yvo de Boer values his solitude and his garden – both of which he neglected while serving as Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC) from mid-2006 to mid-2010.
Read MoreWorld Bank carbon fund inks first REDD payment deals
Two African nations will receive over $100 million for protecting some of their forests under the World Bank’s Forest Carbon Partnership Facility (FCPF), the agency announced on Tuesday, jump-starting the first REDD payouts from the facility’s Carbon Fund since it launched at the beginning of the decade.
Read MoreFrench, Indian firms awarded UN offsetting contracts in 2018
The UN has awarded two contracts to buy a total 140,800 Gold Standard CERs to offset the organisation’s annual emissions.
Read MoreUN-backed $300 mln land restoration fund picks Peru project as first investment
The $300 million Land Degradation Neutrality (LDN) Fund has committed $12 mln to a carbon credit-generating agroforestry project in Peru as its first investment towards restoring degraded land worldwide.
Read MoreWorld Bank cuts carbon credit eligibility ahead of N2O auction
The World Bank’s Nitric Acid Climate Auction Program (NACAP) has shifted forward the eligibility cut-off date for carbon credits that can be sold in its inaugural auction, effectively reducing the pool of potentially available units.
Read MoreOffset project developer ALLCOT hires in Colombia as director leaves for ministry
Carbon trading and project development firm ALLCOT has hired a new boss for its Colombian operations as the existing director departs for a high-level ministry role.
Read MoreSupply of Colombian tax-eligible carbon credits quickly being exhausted
Emitters have surrendered more than 55% of all Colombian offsets issued to date against the country’s carbon tax, data compiled by Carbon Pulse shows, suggesting the market for the units is being squeezed as demand drastically outpaces supply.
Read MoreCOP24: Roundup for Dec. 14, 2018
Numerous delays from ongoing Paris rulebook negotiations have pushed the culmination of the UN climate summit past its scheduled conclusion on Friday, with talks slated to go at least through Saturday morning.
Read MoreUPDATE – COP24: Chile to host next UN climate summit in Jan. 2020 after Brazil withdrawal
Chile has been named as the location of the next UN climate summit after Brazil withdrew its offer to host.
Read MoreCOP24: Draft Article 6 text offers “bedrock” for international GHG trade, but investors uneasy
The basis for an international emissions trading system under the Paris Agreement’s Article 6 became clearer on late Thursday, though some worried that the requirements could prove onerous for investors.
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