Vietnam forest carbon decree needs clearer rights, safeguards -report
Vietnam’s draft decree on forest carbon credits, released in June this year, could deter investors and alienate local communities as it lacks clarity on ownership rights, benefit-sharing, and compliance with global standards, according to a recent report.
Read MoreIndia’s blue carbon potential held back by weak institutions, report says
India, with its vast mangroves and seagrass meadows, lays claim to significant blue carbon potential, said a study published Monday, but weak institutions, patchy monitoring systems, and financial risks are holding it back.
Read MoreIndonesia eyes September signing of MRA with Plan Vivo, GCC deal imminent
Indonesia plans to sign a mutual recognition agreement (MRA) with UK-based Plan Vivo in September, while a similar deal with the Global Carbon Council (GCC) is close to completion.
Read MoreMalaysian securities firm announces ‘climate sukuk’ with carbon credit payout
A Malaysian securities firm on Friday launched what it said is the world’s first Islamic bond, or sukuk, that pays investors in carbon credits instead of cash, aiming to tap into growing demand for climate-linked finance.
Read MoreGlobal forests lose 140 Mt of carbon as old growth falters -study
The world’s forests lost roughly 140 million tonnes of stored carbon in the past decade as old-growth forests were replaced with younger trees, a phenomenon primarily driven by fires, logging, and plantation forestry, a study has found.
Read MoreCDR marketplace facilitates record sale of spot biochar credits from Bolivian developer
An institutional buyer has purchased 25,000 carbon removal (CDR) credits from a Bolivian biochar producer through a UK-based CDR platform, marking the largest spot transaction of its kind to date, the marketplace announced Thursday.
Read MoreLouis Dreyfus backs regenerative farming in India with five-year carbon credit deal
Commodities merchant Louis Dreyfus Company (LDC) has committed to purchase carbon removal credits from a regenerative agriculture project in northern India.
Read MoreBHP meets Safeguard obligations with $17 mln in ACCUs, downplays offsets for 2030 target
Mining giant BHP surrendered about $17 million worth of compliance carbon credits for the 2023-24 financial year to meet obligations under Australia’s Safeguard Mechanism, it said this week, up from $1 mln in the prior period.
Read MoreSingapore, Thailand sign Article 6 implementation agreement
Singapore and Thailand on Tuesday signed an implementation agreement to collaborate on carbon credit projects under Article 6 of the Paris Agreement, marking the city-state’s first such deal with an ASEAN partner and eighth overall.
Read MoreBHP delays decarbonisation spending to 2030s as technology lags
BHP on Tuesday said it will push back the bulk of its capital spending for decarbonisation to the 2030s, citing slow progress in technologies for diesel displacement, even as the mining giant reported lower year-on-year emissions driven by renewables and operation closures.
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