Clean reset - Canadian hemp and carbon credit firm Hempalta announced a series of corporate updates as it continues its transition toward a nature-based carbon platform. The company closed the first C$100,000 tranche of a non-brokered private placement priced at 2 Canadian cents per unit, with each unit comprising one share and a half warrant exercisable at 5 cents for 24 months, subject to an acceleration clause. Proceeds will support working capital, carbon initiatives, and balance sheet strengthening. Hempalta also settled C$340,697 in debt through share issuances, changed auditors, appointed two new directors, issued 1 mln advisory warrants, and granted 6 mln stock options to directors and officers.

Widespread formation of so-called “ghost forests” along the US Atlantic coast could undermine coastal carbon sinks and complicate the role of wetlands and forests in climate mitigation strategies, according to a new study.

Morocco’s main financial hub is backing carbon market initiatives, accounting for global decarbonisation trends instead of prioritising short-term bankability, a director and one of its members told Carbon Pulse.

A tussle over land rights for a proposed REDD carbon project in Brazil has mushroomed into a wider protest against the activity involving more than a dozen civil society groups across Latin America.

An Australian carbon project developer on Wednesday said it has sold most of the carbon credits from its inaugural South African soil carbon issuance at an auction, with prices clearing above the floor with demand coming from both voluntary and compliance buyers.

Carbon credit sales from a controversial Pennsylvania-based improved forest management (IFM) project were quietly halted following a reassessment of its baseline assumptions, project backers have confirmed to Carbon Pulse.