COP16: LATAM development bank invests in conservation via blockchain, biodiversity credits
CAF, the Development Bank of Latin America and the Caribbean, will collaborate on a blockchain-based conservation instrument and support marine biodiversity credits in the region, it announced at COP16 on Thursday.
Read MoreCOP16: Brazil’s mangrove carbon stock would be worth $8.7 bln as tradeable credits -study
If the entirety of Brazil’s blue carbon stock from mangroves were converted into tradeable tonnes of carbon, its value would total billions, as per an NGO study launched Thursday at COP16 in Cali, Colombia.
Read MoreWorld Bank forest carbon programme makes record $111 mln in payments in 2024
The World Bank’s Forest Carbon Partnership Facility (FCPF) in FY24 disbursed a record $111 million from the Carbon Fund and made multiple arrangements to integrate its jurisdictional REDD+ (J-REDD) programmes into international markets as the fund’s closure looms in 2028.
Read MoreCOP16: Colombian standard partners with local developer to scale biodiversity markets
A Colombia-based environmental standard has signed a Memorandum of Understanding (MoU) with a local project developer to explore biodiversity credit opportunities worldwide and test its methodology within different sites and ecosystems.
Read MoreCOP16: INTERVIEW – Integrated nature, climate finance must look beyond carbon storage
Market-based financing for nature and climate must take a whole-ecosystem approach, looking past carbon sequestration potential to effectively address the two crises, an NGO policy expert has told Carbon Pulse on the sidelines of COP16.
Read MoreCOP16: Bloomberg, tech non-profit expand nature conservation tracker to cover land
The Bloomberg Ocean Initiative, together with conservation technology NGO SkyTruth, on Tuesday announced an expansion of SkyTruth’s 30×30 Progress Tracker at COP16.
Read MoreCOP16: Money takes centre stage as nature talks open in Colombia
Delegates from nearly 200 nations on Monday began two weeks of talks on how to implement the 2022 Global Biodiversity Framework (GBF), with questions around how to raise more funds to reverse nature loss and from who quickly taking centre stage.
Read MoreLATAM Roundup: Nature meets carbon in the countdown to COP16
A Brazilian jurisdictional REDD+ (J-REDD) saga continues to unfold, RenovaBio sees a mixed bag of outcomes, and the world prepares to descend on Cali, Colombia, for the COP16 UN biodiversity conference.
Read MoreANALYSIS: UN Article 6 body underscores ‘bottom-up’ approach in core standards, key carbon removal elements still need clarity
Flexible, non-prescriptive approaches are staple features of the carbon crediting methodologies and removals standards, adopted by a UN body last Thursday, in a bold move that experts see as a major step forward towards carbon crediting under the Paris Agreement’s Sustainable Development Mechanism (SDM).
Read MoreArgentine exchange to launch voluntary carbon trading platform
An Argentine marketplace part-owned by the Buenos Aires Stock Exchange is debuting a business scope for carbon credit trading.
Read More