LATAM Roundup: Latin America’s compliance carbon systems integrate with voluntary market, pursue growth
Carbon Pulse rounds up recent developments in compliance carbon systems within the Latin America and Caribbean region, taking a look at Brazil’s stabilising market for emissions reductions credits from biofuels after a year of rising prices, and summarising the carbon tax regimes that accept offsets.
Read MoreFEATURE: Peru’s REDD+ overhaul in doubt as Verra-linked reforms face backlash
Peru is promoting initiatives to crack down on over-crediting and protect the reputation of Amazonian carbon credits, but industry pushback to reforms linked to Verra, and falling issuances, raise questions about how feasible the voluntary carbon market (VCM) overhaul is in practice.
Read MoreBRIEFING: New demand, de-risking to scale voluntary carbon market, says industry
New voluntary carbon market (VCM) demand drivers and increasingly mature de-risking measures are poised to scale the VCM but need more traction, according to a panel of industry experts speaking Wednesday.
Read MoreINTERVIEW: Durable carbon removals present new challenges, risk profile for insurance
Carbon insurers, previously focused on nature-based solutions (NBS) credits, are entering the arena of durable CO2 removals (CDR) and adapting existing insurance strategies to suit a new risk profile, according to a specialist speaking to Carbon Pulse.
Read MoreDonors push “exotic” clean cookstoves in Africa instead of valuing carbon projects that work, says envoy
Wealthy donor countries are too set on “exotic” carbon projects on the African continent like clean cooking and do not pay enough for more “pragmatic” solutions, according to a Sierra Leonian climate envoy speaking Thursday at the 2024 Spring Meetings of the International Monetary Fund (IMF) and World Bank in Washington DC.
Read MoreINTERVIEW: Technology transfer key to boosting Africa’s voluntary carbon market
Africa’s voluntary carbon market needs technology transfer from the Global North to keep up with increasingly demanding carbon credit methodologies and to demonstrate integrity, a Ghanaian advisor to the International Monetary Fund (IMF) told Carbon Pulse Thursday on the sidelines of the IMF Spring Meetings in Washington DC.
Read MoreParaguay’s carbon market law a “more efficient” way to get cash from national parks, says minister
Paraguay’s new voluntary carbon market law will help the country monetise its natural parks, a top minister told the 2024 Spring Meetings of the International Monetary Fund (IMF) in Washington DC, after changes to the additionality section in the law’s first draft appeared to expand the lands eligible for carbon projects.
Read MoreFEATURE: G20, not COP29, key to meeting global climate finance needs
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
Read MoreANALYSIS: Experts cautious on proposed EU methodologies to certify carbon removals
Experts expressed mixed views on the European Commission’s proposed methodologies to certify different types of carbon removal activities under the EU’s Carbon Removals Certification Framework (CRCF), with some observers welcoming bold elements of the proposals and others criticising them on structural or methodological grounds.
Read MoreUN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
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