Brazil’s development bank has selected seven funds from 45 proposals received under its largest-ever call for investment in climate projects, it announced on Monday.

Rewetting peatlands could materially improve the performance of biochar-based carbon removal (CDR) compared with conventional soil applications, according to new research.

CORSIA-eligible spot and futures prices softened last week, although volumes remain very thin amid a market that has yet to strike a balance on fundamentals, sources noted.

Forest management can support both climate mitigation and biodiversity conservation, provided that environmental policies extend beyond just living trees to also include deadwood, according to a new paper.

Philippine conservation – A Philippines-based non-profit has secured additional funding from the Government of Canada to expand its work with nature-based solutions, The Manila Times reported. Backed with a further PHP 28 mln pesos (£1.24 mln), Forest Foundation Philippines plans to support five projects spread across Davao, Camarines Sur, and Palawan. Projects include mangrove restoration, community-led agroforestry, and a coastal resilience initiative. The grant builds on an existing partnership between the Government of Canada and the Manila-based NGO which has so far delivered over £99 mln to projects across the Philippines.

Post-Brexit nature check – Wales, Scotland, Northern Ireland, and England are all expected to release assessment findings for offshore habitats before the end of January, replacing pre-Brexit obligations under EU law. Statutory nature advisory, the Joint Nature Conservation Committee (JNCC), published some UK-wide findings late last week on the conservation status of offshore species including birds. The assessment covers the habitat and the species level. The JNCC was previously responsible for gathering data to meet requirements of the EU’s Birds and Habitats Directives, which are both set to be tested and potentially weakened by the European Commission this year.

Ethiopia is close to finalising carbon credit transactions under its national REDD+ programme, the Ministry of Finance said following a consultation last week with Norway on the next phase of their forest and climate partnership.

A marine CO2 removal company has announced a $20 million first close of its Series A financing.

Partnership(s) - Japan's Hitachi Systems has begun a demonstration project to protect 50 hectares of forest in Gunma prefecture through collaboration with a local forestry cooperative, it announced Monday. The initiative focuses on biodiversity preservation and forest management measures. Meanwhile, project developer Stellar Green has teamed up with North Pacific Bank and the government of Hokkaido's Hidaka town for the creation of forest-based carbon credits.