Brazilian state of Acre to channel 72% of J-REDD proceeds to communities
The state of Acre in Brazil has agreed a new benefit-sharing plan for its ISA Carbon Programme that will see 72% of jurisdictional REDD+ (J-REDD) proceeds channelled directly to various Indigenous and local community blocs.
Read MoreUK, Egypt announce $305 mln investment in renewables -media
The UK and Egypt on Monday launched a decarbonisation initiative that will see the former’s private sector development finance arm pour $305 million into Egyptian renewable energy projects, with the UK also sharing its technical expertise in carbon markets.
Read MoreUNFCCC posts prospective PACM cookstoves carbon crediting methodology for public consultation
The UNFCCC has launched a public consultation for a clean cooking protocol that may eventually issue units under the new Paris Agreement Crediting Mechanism (PACM), noting that the methodology qualified for review by the Article 6.4 Methodological Expert Panel (MEP) ahead of the body’s July meeting.
Read MoreSaudi VCM company to deliver 30 mln carbon credits to utilities firm by 2030
Saudi Arabia’s state-backed voluntary carbon market company has announced a deal with an energy and water provider in the country to facilitate the delivery of over 30 million credits by 2030.
Read MorePREVIEW: Double-dipping, but getting less? Climate finance seeks alignment at SB62
UN negotiators are expected to lock horns over climate finance as the meeting of the Subsidiary Bodies (SB62) kicks off on Monday, having historically struggled to summon new, substantial, and complementary funds from carbon markets and other sources.
Read MoreBrazil opens consultation to regulate payments for REDD+, other services
The Brazilian Ministry of Environment and Climate Change (MMA) has opened a public consultation to regulate a 2021 law concerning payment for environmental services (PSA).
Read MoreINTERVIEW: Venezuelan ag producers in crisis turn to carbon market solutions
Venezuela’s economic crisis has tanked agricultural production and left farmers reeling, making the voluntary carbon market (VCM) an increasingly attractive way to bring in badly needed hard currency and financing, according to the president of a national association.
Read MoreINTERVIEW: GFS, FuelEU, EU ETS carbon levies on ships spawn new complexities in carbon market
Ships that transit through the EU may soon face three overlapping prices levied per tonne of CO2 above different, predefined thresholds, with added complexity arising from the several market-based flexibilities and contingencies left within the system.
Read MoreStates in Brazilian Amazon could receive $10.5 bln from REDD+ credits through 2030 -study
Nine Brazilian states covering the country’s Legal Amazon area could collectively raise $10.5 billion or more from 2023-30 in REDD+ credits, according to a study published Tuesday by a California-based think tank.
Read MoreQatari financial district to launch tokenised carbon market pilot by year’s end -media
Qatar’s business and financial centre will in late 2025 launch a pilot tokenised carbon market, according to several regional media outlets.
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