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- Wed 23:57The Brazilian Development Bank (BNDES) has approved new credit operations totalling R$912 million ($172.3 mln) for reforestation projects in the country, it announced on Wednesday.
- Wed 23:31Interlinkages between carbon markets and other Paris Agreement items are being leveraged to smooth discussions in some rooms, but hit a nerve in others, according to civil society observers.
- Wed 21:59Host countries of Article 6 carbon projects say they need an army of experts to help them establish market frameworks and projects amid a looming capacity shortage, a COP30 side event heard on Wednesday.
- The newly launched Tropical Forest Forever Facility is creating a multi-billion dollar investment stream for tropical forest protection with a guaranteed share for Indigenous and local communities, even as conservation groups warn that emerging Article 6.4 rules risk sidelining nature-based solutions by imposing permanence requirements that could effectively exclude forests, soils, and blue carbon from the forthcoming global carbon market.
- Wed 21:00The Brazilian government launched on Wednesday the first concession of a national public forest for restoration, with revenues based on carbon credit sales.
- Singapore’s National Climate Change Secretariat (NCCS), together with Gold Standard and Verra, has published its final Article 6.2 Crediting Protocol, establishing a framework for governments to use existing, independent carbon crediting programmes to meet their national climate goals.
- Wed 19:18The EU does not have an official preference for credits generated under Article 6.4 of the Paris Agreement for use towards its 2040 climate goals, despite some expectations this would be the case, officials told a COP30 event this week, adding that the bloc remains open to using other standards.
- Wed 19:00A global forum representing Indigenous Peoples and local communities announced its new strategy Wednesday at COP 30, with the goal of embedding community rights and priorities at the centre of international climate finance and eliminating low-quality projects.
- Wed 16:52A UN-supported initiative last week invited developers to submit project ideas that could generate international carbon credits under the Paris Agreement’s Article 6 mechanism in Thailand.
- Wed 16:50New CDR methodology – Rainbow, a certifier, has published a new methodology for the mineralisation of alkaline materials. The methodology provides a framework to measure and certify carbon removal using biogenic and atmospheric CO2 and avoidance using fossil and calcination CO2 across a wide range of industrial feedstocks, extending far beyond cement and concrete, Rainbow said.
Direct Ocean Capture (DOC) – Norwegian energy firm Equinor and US-based CDR firm Captura have completed a two-year technology qualification programme validating Direct Ocean Capture (DOC) technology for commercial deployment, Captura announced Wednesday. The qualification effort took place at a 1,000-tonne-per-year pilot facility in Kona, Hawaii, testing 20 performance indicators including safety, CO2 removal efficiency, and MRV standards. DOC uses electrodialysis to extract CO2 from seawater for permanent storage or reuse, leveraging the ocean’s natural carbon absorption capacity. Captura is now assessing sites for its first commercial-scale facility capable of capturing 30,000-50,000 tonnes of CO2 annually, with potential locations in Europe, the UK, and Asia-Pacific.
- Wed 16:23Governments must splash out billions on procuring carbon removal (CDR) tonnes because the voluntary carbon market will not plug the gap, warned an expert.
- Half of the global target to mobilise $1.3 trillion of public and private climate finance could be financed by private investors, and may be raised via carbon markets, according to an independent UN advisory group.
- Wed 14:34Djibouti wants to raise carbon finance using both Article 6.2 and 6.4 of the Paris Agreement to meet its new 2035 Nationally Determined Contribution (NDC).
- Wed 14:30Artificial intelligence can make modelling more accurate across both nature-based and engineered carbon removal (CDR) solutions, according to a study published last week.
- Wed 13:53Carbon trading between developed and developing regions could help finance the deployment of enhanced rock weathering (ERW) in low-GDP areas and remove 22.9 billion tonnes of CO2 by 2075, a recent report has found.
- Wed 12:00Carbon credits buyers’ group, LEAF Coalition, has signed up its first member from Asia, it announced on Wednesday.
- Day 3 at COP30 in Belem. Heavy rain and a big clash between protesters and UNFCCC security on Tuesday have somewhat dampened initial optimism for the summit, as crunch presidency updates are now expected on Wednesday that should signal where talks are likely to land over the coming days.
- Wed 09:23A global forestry investment manager has signed agreements to acquire a majority stake in Solomon Islands’ largest sustainable forestry company, it announced Wednesday.
- Wed 09:11The European Commission is developing a pilot scheme to certify emission reductions from livestock and will present a legislative proposal next year if it receives a mandate to do so, an official has said.
- Wed 05:00The world could warm above 4C by the end of the century under current policies, the International Energy Agency (IEA) warned Wednesday in a stark report that said large-scale carbon removal (CDR) technologies will be needed to stop temperatures rising more than 1.5C.
- Turning marine carbon dioxide removal (mCDR) into a reliable source of carbon credits will require far more rigorous science and costly monitoring, scientists said Tuesday.
- Wed 00:53A nation-wide project aiming to install 80 million clean cookstoves in the West African country, financed solely by credits from the Paris Agreement Crediting Mechanism (PACM), is conducting a small-scale “proof of concept” while waiting for an approved methodology by the UNFCCC, its developer told Carbon Pulse.
