Some 3 million carbon credits have been issued to a northern Mexico grassland restoration project after achieving verification under Verra’s Improved Land Management (VM0042) methodology, according to an announcement Wednesday.

Roads have been linked to forest degradation or loss across an area roughly twice the size of Mexico, equivalent to around 11% of global forest cover, with impacts concentrated in the Global South, according to a new preprint study.

Despite improvements on previous drafts, the European Commission’s proposed EU-wide certification methodologies for permanent carbon removals still fails to address the climate impact of biomass extraction, campaigners have warned, saying they were considering legal action.

The Malawian government will partner with a satellite data provider to monitor and verify carbon market projects, ministers announced Monday.

January retirements across the voluntary carbon market (VCM) fell by nine million year-on-year, while issuances also slipped to levels last seen five years ago - with one registry failing to record any new supply for the past three months.

WWF Singapore has announced the establishment of a regional nature finance facility targeting 12,000 hectares of restoration projects across Southeast Asia.

Suriname expects to carry out its first trades of Internationally Transferred Mitigation Outcomes (ITMOs) in the first quarter of this year, with the initial transaction structured as a pilot involving credits generated in 2021, government officials said on Monday.

Vietnam, together with two UN agencies, has launched a $102.5 million climate investment initiative aimed at curbing deforestation and emissions in key coffee-producing regions, the project partners announced last week.

The Australian government’s green bank and an investment firm have announced A$81 million ($56 mln) to go towards a First Nations-led plantation project that is expected to generate some 5 mln Australian carbon credits.

Ground truthing – A new study published in Scientific Reports found that incorporating spatial coordinates and open-source map information can significantly enhance property-level forest carbon stock estimates, supporting the implementation of REDD+ projects in the carbon credit market. The researchers said that large-scale maps improve estimates when calibrated using geolocated field plots, including where plot data are limited. The paper added that carbon stock estimates produced using this approach can approach the accuracy of those based on high-quality local remote sensing such as UAV-LiDAR, and that spatial coordinates serve as useful covariates for predictions within the same areas where field plots are located.

Sectors covered under New Zealand’s ETS will be forced to cut emissions harder and faster to make up for the government loosening pollution requirements in the agriculture sector, according to the Climate Change Commission (CCC).