Brazil’s National Bank for Economic & Social Development (BNDES) and two financial institutions announced on Tuesday at COP the launch of the country's first national carbon credit certifier.

The future of forest carbon accounting and the effort to rebuild market confidence hinge on digital monitoring, reporting, and verification (dMRV), speakers at a recent online event suggested.

The Brazilian state of Amazonas signed on Monday at COP30 its first contract for a REDD+ carbon credit project on a conservation unit (UC) with a Sao Paulo-based developer.

China has declined to invest in Brazil’s Tropical Forest Forever Facility (TFFF), while talks with India have faltered, dealing a blow to the recently launched conservation fund aimed at protecting global forests, according to media reports.

Beatriz Soares da Silva, coordinator-general of green finance at Brazil’s Ministry of Environment and Climate Change (MMA), misspoke in announcing that her country anticipates closing an MoU with Sweden on Article 6 cooperation at COP30 in Belem. Soares da Silva actually meant Switzerland, having mixed up the two countries' names.  As a result, Carbon Pulse has withdrawn the story.

A European private equity firm on Tuesday announced it has received over €100 million in commitments for its nature-based solutions (NbS) strategy, predominantly targeting restoration projects in emerging economies.

Brazil’s National Bank for Economic and Social Development (BNDES) and state-owned oil major Petrobras on Tuesday launched their first call for a proposals under an initiative aimed at Amazon restoration, looking to contract 5 million carbon credits.

A Brazilian state has signed a letter of intent with the non-profit that coordinates public-private buyers’ club the LEAF Coalition, it was announced Tuesday at COP30.

The first day of Indonesia’s carbon credit dealmaking at COP30 in Brazil saw less than 15,000 units change hands, however international transactions are expected in the coming days.

Clearing up accounting questions will now be key to potential integration of carbon markets, and in particular Article 6, into the new global climate finance goal, agreed last November in Azerbaijan, according to experts.

Forty-four governments, representing roughly 40% of the world’s mangrove coverage, have endorsed an initiative that seeks to generate finance to protect and restore the important ecosystem for climate and biodiversity.

Day 2 at COP in Belem. Activity and anticipation are picking up as attendees continue to shuffle in more and more following the first day of negotiations. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (GMT-3).

A new UK- and UAE-based carbon consultancy has launched with the aim of connecting early-stage regenerative agriculture and reforestation projects to corporate buyers and investors, its managing director announced last week.

An Asian multilateral development bank has approved a $1 billion loan to support Brazil’s Ecological Transformation Plan across natural infrastructure, sustainable finance, and the energy transition.

A Copenhagen-based firm has received validation from SustainCERT for a Scope 3 emissions project focused on regenerative farming, it announced last week.

New Zealand’s Ministry for the Environment (MfE), in partnership with The Nature Conservancy Aotearoa New Zealand (TNC NZ), has published the development of country’s first comprehensive dataset on carbon stocks and greenhouse gases from coastal wetlands.

REDDy for finance – Burundi is looking to international carbon markets to support its REDD ambitions, according to its third NDC, published on Monday. Participating in international markets “offers an opportunity to monetise efforts to protect forest ecosystems”, said the plan, which flagged REDD as one of its key mitigation measures. It added that its evaluation of its second NDC showed the importance of international markets, including potentially Article 6, to mobilising finance. Burundi is seeking $8.4 bln of climate finance to implement its third NDC, split into $4.4 for mitigation and $3.9 bln for adaptation. The East African nation is pledging a 23% reduction in GHG emissions by 2035 against BAU, split into 3% unconditional and 20% conditional on financial support.