Developer lines up reforestation project deal with Ghana
A nature-based project developer has signed a memorandum of understanding (MoU) with Ghana to develop a reforestation project in the country.
Read MoreEngie deepens ties with certifier to accelerate Africa’s clean energy rollout
A unit of utility Engie has deepened its partnership with a data-driven startup certifier, aiming to accelerate the use of climate finance in the off-grid sector in sub-Saharan Africa through issuing and selling carbon credits to the voluntary market.
Read MoreUtility CEZ reports 5% drop in ETS-covered power output for 2022
Czech majority state-owned utility CEZ reported a 5% year-on-year drop in its EU ETS-covered thermal power output for 2022, it said on Tuesday, though its demand for carbon allowances saw less of an impact as coal output held relatively steady.
Read MoreDrax halts BECCS plans, seeks clarity on UK government support
UK power producer Drax has paused its BECCS plans in the UK until it gets more clarity over how the government will support the technology, it said on Tuesday.
Read MoreVerra bins UN rice farming carbon credit blueprint after review
Verra has permanently deactivated the use of a popular UN rice farming carbon credit methodology, it said on Monday, several weeks after halting activity and conducting a review following the raising of integrity concerns.
Read MoreMercuria unveils $500 million nature carbon and biodiversity venture
Commodity trading house Mercuria unveiled plans on Monday to invest $500 million in a new nature-based business to fund carbon and biodiversity projects.
Read MoreRatings firm downgrades two project scores, upholds several others
A carbon credit ratings agency has downgraded its scores of two previously highly-ranked African projects, while upholding the scores of several others in a review of afforestation offset activity.
Read MoreMirova announces first closing of ‘Gigaton Fund’
French investment firm Mirova has raised $171 million for its first closing of the Mirova Gigaton Fund, a blended debt finance vehicle that aims to accelerate the energy transition in the developing world.
Read MoreANALYSIS: Cookstoves in focus as observers question credit quality
Carbon credit buyers have been drawn to clean cookstove projects for their extensively touted benefits in improving the health of millions of some of the world’s poorest people, but observers warn that the sector bears many of the same over-crediting risks as forest protection programmes.
Read MoreMEPs welcome clear “pathway” for EU emissions cuts under effort sharing law
The European Parliament gave its formal approval on Tuesday to three EU climate bills, with MEPs welcoming the binding emissions reduction trajectory set out under the beefed-up EU Effort Sharing Regulation (ESR) despite the looming launch of a second carbon market covering the same sectors.
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