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- Thu 00:15Paraguay's potential - Paraguay could receive revenues of $500 mln per year from carbon credits if the South American country concretes 5-10 bilateral agreements under Article 6 of the Paris Agreement, Kiantar Betancourt, president of the local private-sector association, Capadeco, told Infonegocios. International emissions transfers would be mainly sourced from forestry and other nature-based projects, he said. Paraguay has already signed Article 6.2 MoUs with Taiwan and the UAE, and is in active conversations with South Korea, Japan, and Switzerland.
- Wed 21:46Small island developing states (SIDS) are pushing for two emerging 1.5C implementation tools to become practical routes for faster finance and project delivery, as negotiators look to shape the initiatives ahead of the SB64 talks in Bonn, Germany.
- Wed 20:06Peru will by June accredit new standards to its national RENAMI carbon registry and approve over a dozen Article 6 projects, just on the heels of its recent authorisation of a flagship clean cooking project under Article 6.2, according to a senior official.
- Peru will be looking to sell around 1 million forest carbon credits a year into the Singapore market under its bilateral Article 6.2 deal, a project developer told Carbon Pulse this week.
- Wed 14:47Zimbabwe's dispute over the eligibility of its carbon credits for aviation offsetting scheme CORSIA highlights the persistent political uncertainties around Sub-Saharan Africa's race to enter international carbon markets – while scientific studies warn that carbon investments could be key to saving the continent's vital forest sinks.
- Wed 14:11From CDM to PACM – Brazil has approved nine additional projects and programmes from the former Clean Development Mechanism (CDM) for inclusion in the Paris Agreement Crediting Mechanism (PACM), it announced on Tuesday. This adds to a previous round of approval for 80 projects. While most of the projects focus on renewable energy, the reforestation initiative Renewable Source of Wood Supplies for Industrial Use in Brazil stands out among them.
- Wed 12:14A major Japanese oil refiner has partnered with a startup to establish a domestic supply chain for 100% sustainable aviation fuel (SAF) using alcohol-to-jet (ATJ) technology.
- Wed 11:25South Korea has launched a national research programme aimed at bolstering sustainable aviation fuel (SAF) supply, with a primary focus on converting spent coffee grounds and animal fats into viable fuels.
- Wed 10:56Only a third of EU ETS stakeholders are explicitly in favour of allowing the use of international carbon credits in the cap-and-trade market, whereas a strong majority backs the bloc's use of credits outside the scheme, data from the European Commission's call for evidence reveals.
