A Moroccan fertiliser producer announced on Tuesday a partnership with a Brazilian company and two groups of local rural producers to restore 100,000 hectares of degraded land in the Cerrado, the biome with the highest deforestation rate in Brazil currently.

Landfill carbon credits – Brazilian company Orizon on Tuesday completed the registration of its carbon credit project at the Ecoparque Paulinia landfill with Verra. The project has an estimated capacity to reduce more than 1.8 MtCO2 annually, generated through flaring or the use of landfill gas (ACM0001). Its first crediting period runs from Nov. 1, 2022 to Oct. 21, 2029. With this landfill, located in the state of Sao Paulo, Orizon now has its fifth carbon project registered in the voluntary carbon market.

CCS for shipping - Carbon Ridge has deployed its centrifugal onboard carbon capture system (OCCS) aboard a product tanker owned by Scorpio Tankers. The pilot marks the first deployment of such a system in maritime, stated the release on Wednesday. The pilot started in July at Besiktas Shipyard in Turkey aboard the STI SPIGA, owned by the petroleum seaborne transport company. Carbon Ridge also completed an additional financing led by Katapult Ocean and Alfa8, bringing its total funding to over $20 mln.

A carbon capture technology company currently operating in 12 countries is betting that its compact modular units can be the “solar panels” of industrial decarbonisation – cheap, scalable, and easy to replicate – but its global progress hinges on clear policy signals and access to financing.

Pastoral protests - Communities Kenya's Kajiado County are calling for a formal investigation into carbon credit agreements negotiated over their ancestral lands, the Daily Nation reported. Thirteen individuals from Ewuaso Oonkidong’i Ward stated that local brokers have pushed opaque and potentially exploitative 40-year contracts for rangelands covering 2.4 mln ha in the county, without mandatory free, prior, and informed consent (FPIC) from the pastoral communities. They argued these deals amount to flawed, market-driven arrangements that disproportionately benefit intermediaries at the expense of local residents. This is not the first time Kajiado has pushed back against carbon deals. The county saw a similar protest back in April over a 68,000 ha activity.

A Delaware-based holding company said Wednesday it will co-develop a large-scale afforestation carbon credit project in Ghana and launch a regulated exchange in Asia to trade tokenised carbon units.

A Dutch start-up certifier has secured conditional endorsement for its carbon insetting certifications, from a trade group that promotes best practices for voluntary carbon offsetting, the company announced on Wednesday.

A major trading house in Japan is planning to launch an industry coalition for the development of carbon dioxide removal (CDR) later this year.

A Singapore-based digital green finance company said Wednesday it has secured a patent for a blockchain-based carbon stablecoin framework, a system that turns verified carbon reductions into tradeable digital tokens for use in cross-border payments and foreign exchange.

A Papua New Guinea NGO has registered its REDD+ project under Verra's carbon and Climate, Community and Biodiversity Standard (CCBS), as it seeks to be best-in-class in the country's carbon industry that's slowly coming back to life. 

Right direction – Ratings agency Calyx has launched a new early-stage decision tool to help investors screen, prioritise, and de-risk emissions projects, it announced on Tuesday. Calyx Compass will initially cover the following project types: afforestation/reforestation; agricultural land management; biochar; household biodigesters; improved forest management; and manure management. Over the coming months, it will also add orphaned well plugging, landfill gas, cookstoves, and ozone depleting substances, it said.

An avoided deforestation programme in Argentina is one step away from receiving the first-ever credits under Verra's Jurisdictional and Nested REDD+ (JNR) Framework – which could inject the supply-constrained CORSIA market with millions of new units, pending national authorisation.