Project finance – Brazil’s national development bank (BNDES) announced on Tuesday that it has disbursed R$21 mln ($4 mln) to restore 900 ha in the Irati National Forest. The funds will be allocated to sustainable management and ecological restoration activities, including the gradual removal of exotic species and their replacement with native species linked to the Atlantic Forest biome. This initial disbursement for the Irati National Forest project, led by the group Ibema Participacoes, was made possible through a partnership with BTG Pactual and Safra. The amount forms part of a R$110 mln financing package approved and announced during COP30 in Belem for BNDES’s first concession in the Atlantic Forest.

A Switzerland-based carbon standard has opened a public consultation on an updated methodology for biochar carbon removal credits, introducing changes to how carbon storage durability is assessed and expanding participation in projects, it said.

A German peatland restoration project has partnered with a carbon market intermediary to sell credits from a rewetted site in Lower Saxony, it announced Tuesday.

A Formula E team on Tuesday said it will plant more than 500,000 mangroves in India’s Sundarbans over five years, as part of a corporate social responsibility initiative.

Biochar credit prices are diverging, with industrial projects priced higher than artisanal alternatives, reflecting differences in monitoring, durability, and delivery risk, according to a new analysis.

A US-based forest carbon project developer said on Tuesday it had been issued more than 95,000 carbon credits carrying Verra’s carbon removals tag, marking the first issuance from a US-based IFM project using the registry’s new tool.

A US-based aerospace company has agreed to purchase at least 40,000 soil-based carbon removal (CDR) credits from a Texas-based developer under a multi-year offtake deal, the companies announced last week.

A flagship forest carbon project in Indonesia is shifting ownership into local hands from its Hong Kong-based developer, as regulatory pressure reshapes control over voluntary market assets in the country.

Ethiopia could unlock billions of dollars in carbon market revenues by scaling up land-based sequestration activities, but will need to overhaul governance frameworks and prioritise state-led pilot projects to attract investment, according to a new study.