UN SBSTA vice-chair moves to commodities trading firm
The former vice-chair of the UN’s Subsidiary Body for Scientific and Technological Advice (SBSTA) has moved to a new role at financial services provider and commodities trader.
Read MoreReforestation company to launch call for Brazilian ARR carbon projects
A carbon project implementer seeking to partner with developers in Brazil will next week launch a call to identify large-scale afforestation, reforestation, and revegetation (ARR) initiatives, estimating that this first round could identify around 200,000 hectares for activities.
Read MoreDurable CDR supplier fall-off on the horizon as few buyers, declining investment take their toll -report
The market for durable CO2 removals (CDR) may see supplier consolidation, bankruptcies, prematurely price-based competition, and even oversupply as few new purchasers enter the market and investments decline, according to a report published Wednesday.
Read MoreKenya draft carbon regulation to impose trading cap, could withhold ITMOs
Kenyan draft carbon regulations would establish a ‘carbon budget for trading’ for each UN target-setting period and empower the government to withhold Paris Article 6 ITMO credits in the course of project authorisation, among other provisions.
Read MoreLATAM Roundup: Ecuador, Peru boost access to international markets
Both Ecuador and Peru announced measures last week that could facilitate access to international carbon markets – specifically, Article 6 and the CORSIA UN international aviation offsetting scheme.
Read MorePeru names two voluntary carbon standards to national registry
Peru’s Ministry of Environment (MINAM) has identified two voluntary carbon market (VCM) standards and four methodologies eligible for inclusion on the national carbon registry launched last year.
Read MoreWTO-backed technology transfer can help Caribbean meet EU CBAM challenge -think tank
The World Trade Organization (WTO) can support members of the Caribbean Community (CARICOM) intergovernmental union to avert the worst impacts of the EU Carbon Border Adjustment Mechanism (CBAM), according to a regional think tank, though CARICOM should also pursue greater intra-bloc alignment between climate and international trade policy.
Read MoreBRIEFING: Pacific, Caribbean islands face upfront carbon project financing challenges as banks exit en masse
Small island developing states (SIDS) in the Pacific and Caribbean are seeing an exodus of international financial institutions, while correspondent banking relationships (CBRs) granting local banks access to capital markets have also evaporated, posing challenges for the development of Article 6 projects in the region.
Read MoreEcuador inks $30 mln J-REDD deal with international carbon buyers’ club
Ecuador’s environment ministry on Wednesday signed a deal with a public and private sector carbon credit buyers’ club to obtain at least $30 million in results-based payments from jurisdictional REDD+ (J-REDD) emissions reductions.
Read MoreKenya finalises €60 mln debt-for-climate swap with Germany, Cape Verde sees extension
Kenya on Tuesday announced the conclusion of a debt-for-climate swap deal that will see the East African country develop more clean geothermal energy capacity, settling a €60 million debt owed to Germany.
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