Brazil 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.
Read MoreVerra operationalises flagship REDD+ methodology in first two jurisdictions
Verra has finalised risk maps for projects in two Brazilian states and, in so doing, fully operationalised its revamped REDD+ methodology VM0048 via the ‘avoiding unplanned deforestation’ VMD0055 module, the standard announced on Tuesday.
Read MoreEthiopia finishes carbon market legal gaps analysis, law pending
Ethiopia has completed an analysis of legal gaps affecting carbon market readiness but is still working to develop an Article 6 roadmap, as well as imminent legislation to facilitate carbon market participation.
Read MoreArticle 6.4 panel posts draft standard on ‘suppressed demand’ for public consultation
The Methodological Expert Panel (MEP) responsible for the Paris Agreement Crediting Mechanism (PACM) has published a draft standard for public consultation, addressing when and how substandard local living conditions could be used as a basis for careful inflation of project baselines.
Read MoreArticle 6.4 methodology panel proposes carve-outs for cookstoves, other projects
The Methodological Expert Panel (MEP) responsible for the Paris Agreement Crediting Mechanism (PACM) under Article 6.4 has proposed exemptions to certain monitoring, reporting, and reversals provisions for some projects.
Read MoreZimbabwe authorises up to 2.86 mln Article 6 credits, with 5k receiving corresponding adjustments
Zimbabwe has issued a Letter of Authorisation (LoA) for up to 2.855 million Article 6 Internationally Transferred Mitigation Outcomes (ITMOs), issued or to-be-issued, to a cookstove project, with 5,000 of those credits receiving corresponding adjustments, the developer confirmed to Carbon Pulse on Monday.
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