LCAW26: EU keen to establish a nature credit ‘group of friends’
The European Commission is aiming to set up an informal “group of friends” focused on nature credits, a member of the EU delegation to the UK told an event at London Climate Action Week (LCAW) on Wednesday.
Read MoreLCAW26: Financial institutions endorse TFFF ahead of COP17
Twelve investors and one supporter have endorsed the Tropical Forests Forever Facility (TFFF), sharing a joint statement at London Climate Action Week (LCAW) and calling for more signatories ahead of the UN’s upcoming biodiversity talks in October.
Read MoreLCAW26: Ministers look to scale forest financing ahead of COP31
Government officials set out their priority actions for scaling forest finance ahead of of November’s COP31, with a minister from Ghana sharing ambitions to ramp up forest financing “from millions to billions” during a London Climate Action Week event on Tuesday.
Read MoreLCAW26: Nature-based carbon projects face catch 22, report says
Project developers working on nature-based carbon are trapped within a structural catch 22 whereby an offtake is necessary to receive investment, but funding is required to secure an offtake, according to a report launched at London Climate Action Week (LCAW) on Monday.
Read MoreLCAW26: Asset manager hits back at Verra CEO’s claim standardisation would grow biodiversity credit market
An asset manager focused on tropical forest protection pushed back against Verra at London Climate Action Week (LCAW) on Monday, disputing the crediting standard’s claims that the emerging biodiversity credit market needs greater standardisation to grow.
Read MoreFEATURE: New era pending? Major corporate standards progress nature measurement revamp
The Taskforce on Nature-related Financial Disclosures (TNFD), the Global Reporting Initiative (GRI), and the Science Based Targets Network (SBTN) have furthered efforts to embed an influential set of state of nature metrics across their frameworks, which they said could usher in a new era for corporate disclosures.
Read MoreBarclays looks to better integrate nature in financial decision making
British bank Barclays has teamed up with an environmental finance-focused research group to improve its ability to assess nature‑related impacts, risks, and dependencies.
Read MoreFEATURE: Carbon buyers are eyeing new superpollutant credits for a quicker fix
As promises to tackle emissions in the short term butt heads with the realities of rising energy demand and pricey, early-stage carbon removal technologies, companies are increasingly looking for faster, easier wins – and driving a new market for superpollutant credits.
Read MoreOcean foundation puts up $17 mln for marine projects in Asia
A German-headquartered foundation opened a call for proposals this week, offering a total $17 million of funding to projects focused on establishing blue carbon schemes in marine protected areas, and Other Effective area-based Conservation Measures (OECMs) across four Asian countries.
Read MoreBusiness coalition urges EU to heed its ideas for scaling carbon farming
A group of companies including Danone, Nestle, and Unilever, shared a set of recommendations on Tuesday which it says could accelerate a European agricultural transition under the bloc’s Carbon Removal Carbon Farming (CRCF) regulation.
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