Researchers propose ‘carbon removal budget’ to limit overreliance
A “carbon removal budget” (CRB) could help governments and companies avoid delaying climate action by quantifying how much carbon removal (CDR) capacity is available, according to a new academic paper.
Read MorePhilippines inks first bilateral Article 6 agreement with Singapore
Singapore and the Philippines on Thursday signed a bilateral implementation agreement under Article 6 of the Paris Agreement, marking Manila’s first such deal to transfer carbon credits and further expanding the city-state’s growing portfolio.
Read MoreNearly a quarter of legacy UN carbon projects risk overlapping with community lands -analysis
Nearly a fourth of the Kyoto Protocol’s Clean Development Mechanism (CDM) era projects transitioning into the Paris Agreement’s Article 6.4 market risk overlapping with land used by Indigenous Peoples and local communities, according to an analysis that geospatially mapped hundreds of projects.
Read MoreIndia’s green steel ambitions falter as capital lags, emissions intensity worsens -report
Indian steelmakers have been setting ambitious climate targets, but a recent report found that failure to back those goals with capital spend is leaving the sector lagging global peers on decarbonisation efforts, even as emissions intensity worsens.
Read MoreMongolia soil carbon project secures JCM clearance, opening compliance route
A soil carbon project in Mongolia developed by a US firm has become the first of its kind to receive a formal “no objection” decision under Japan’s Joint Crediting Mechanism (JCM).
Read MoreINTERVIEW: Carbon finance could help India cut methane from coal mines, but opportunity remains stranded
India could tap carbon finance to reduce emissions from coal mine methane, but a lack of awareness and weak data mean the opportunity remains largely unrealised, according to an expert on the country’s coal transition.
Read MoreSingapore companies partner to develop nature-based carbon projects
A Singapore-based climate tech firm has partnered with a geospatial data provider to develop nature-based carbon projects, the companies said last week.
Read MorePhilippines state-owned utility taps Singapore firm to help set up carbon projects
A Philippines state-owned utility has signed a deal with a Singapore-based advisory to design carbon credit projects, aiming to monetise emissions reductions from its operations and tap new financing streams.
Read MoreGGGI seeks research on linking carbon markets with adaptation under Article 6
The Global Green Growth Institute is seeking research on how carbon markets can deliver adaptation benefits for climate-vulnerable countries, as part of its efforts to scale cooperation under Article 6 of the Paris Agreement.
Read MoreUzbekistan methane project secures CORSIA label from Verra
A methane leakage reduction project in Uzbekistan has secured eligibility to supply carbon credits under the first phase of the UN’s CORSIA scheme, a project developer announced Friday.
Read More