Asset manager invests $350 mln in Latin American regenerative agriculture

Published 12:19 on December 4, 2024  /  Last updated at 12:19 on December 4, 2024  / /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

Chile-based investor Toesca Asset Management will invest $350 million in regenerative agriculture practices in Latin America, via a partnership with a UK-headquartered financier, to help reduce the impacts of agriculture on biodiversity loss and carbon emissions.

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EU needs to set permanent carbon removal targets in its next climate goal, experts say

Published 11:10 on December 4, 2024  /  Last updated at 19:02 on December 4, 2024  / /  CBAM, EMEA, EU ETS, Voluntary

The EU needs to include legally binding targets for permanent carbon removals in its climate goals for 2030-40, experts said this week. 

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UK energy retailer pledges £500k to woodland conservation charity

Published 11:00 on December 4, 2024  /  Last updated at 09:53 on December 4, 2024  / /  Biodiversity, EMEA

E.ON Next, a UK home energy supplier, has partnered with a woodland conservation charity and pledged to donate at least £500,000 over the next three years, the utility firm announced on Wednesday.

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Voluntary, Article 6 systems can co-exist without “competition” in bid to boost quality, says ICVCM co-chair

Published 10:32 on December 4, 2024  /  Last updated at 10:32 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary

The regulators of the voluntary carbon market and the emerging administration of the UN’s Article 6 mechanisms may be covering the same broad territory in terms of setting standards for carbon credits, but should not be seen as competitors, according to a senior member of the ICVCM.

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Australian outfit finds biodiversity credit demand in carbon partnership

Published 09:58 on December 4, 2024  /  Last updated at 09:58 on December 4, 2024  /  Asia Pacific, Australia, Biodiversity, New Zealand, Voluntary

An Australian project developer has sold 70,000 biodiversity credits over the past three months after striking a partnership with a carbon credit supplier to combine offerings.

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Most institutional investors target net zero, divided over role of carbon offsets -report

Published 09:56 on December 4, 2024  /  Last updated at 09:56 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, US, Voluntary

Nearly two-thirds of asset owners and managers have committed to net-zero targets, yet opinions remain split on the role of carbon offsets in meeting these goals, according to a report released this week.

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Brussels preparing ‘net’ climate goal for 2040, EU sources confirm

Published 09:49 on December 4, 2024  /  Last updated at 09:49 on December 4, 2024  / /  EMEA, EU ETS

The European Commission is preparing to unveil its 2040 climate target proposal towards the end of February, based on the assumption that it will be a “net” greenhouse gas reduction objective of 90% that also includes CO2 removals from soils and forestry, a senior EU source told Carbon Pulse.

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Chinese papermaker secures contracts to grow carbon project pipeline

Published 08:39 on December 4, 2024  /  Last updated at 08:39 on December 4, 2024  / /  Asia Pacific, China

A Shanghai-listed forestry and paper company is gearing up for the expansion of its nature-based carbon business in China, with several new projects in the pipeline. 

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Govt panel says New Zealand can lower methane reduction ambitions

Published 08:35 on December 4, 2024  /  Last updated at 08:35 on December 4, 2024  / /  Asia Pacific, New Zealand

Even if the world meets its global 1.5C temperature target, New Zealand can get away with reducing methane emissions at the very low end of its legislated target, and even go below that if climate action elsewhere is less successful, a controversial government panel said Wednesday.

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Major biochar project to get grant funding in Western Australia

Published 07:31 on December 4, 2024  /  Last updated at 07:31 on December 4, 2024  / /  Asia Pacific, Australia, Nature-based, Voluntary

One of the world’s largest biochar carbon removals projects is among the five recipients to receive a total A$33.6 million ($21.7 mln) in concessional grant funding from the government of Western Australia, according to an official announcement.

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