Xpansiv to provide access to its environmental reference data to ease trade

Published 19:36 on March 10, 2023  /  Last updated at 21:00 on March 10, 2023  / /  Americas, International, Nature-based, Paris Article 6, US, Voluntary

Environmental markets platform Xpansiv said Friday it will open up its standardised reference data for public use to enable companies to identify and track environmental assets across their entire lifecycle.

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ANALYSIS: With ‘tighter’ contracts, CIX aims to resume voluntary carbon market’s standardisation push

Published 17:24 on March 10, 2023  /  Last updated at 08:32 on March 12, 2023  / /  Asia Pacific, Nature-based, South & Central, Voluntary

Singapore-based platform Climate Impact X (CIX) is planning to launch standardised nature-based carbon contracts on its new spot trading platform, forging ahead with efforts to drive fungibility in the voluntary market even as rivals focus on project-specific auctions.

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Standards body targeting small-scale nature restoration raises startup cash

Published 08:17 on March 10, 2023  /  Last updated at 16:40 on March 10, 2023  / /  Nature-based, Voluntary

A newly-formed standards body that aims to target small-scale nature restoration projects has raised €5 million in seed funding, deploying digital auditing towards plots of land previously deemed too costly to manage cost-effectively.

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Singapore adds ACR, ART TREES offset standards to basket of eligible credits for domestic market

Published 12:54 on March 9, 2023  /  Last updated at 12:54 on March 9, 2023  / /  Asia Pacific, Other APAC, Paris Article 6, Voluntary

Singapore has added ACR and ART TREES as its fourth and fifth global carbon offset standards to supply carbon credits that domestic companies can buy to count towards their carbon tax obligations.

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CORRECTION – On track for initial goals, $1-bln conservation fund launches incubation offshoot

Published 23:59 on March 8, 2023  /  Last updated at 21:58 on March 9, 2023  / /  Biodiversity

The Rimba Collective is on course to deliver $1 billion for private sector-enabled forest protection and restoration to more than 500,000 hectares in Southeast Asia and is launching an incubation vehicle to kickstart projects to go beyond that, a conference heard this week.

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Iceland to buy carbon units to meet UN climate obligations

Published 22:44 on March 7, 2023  /  Last updated at 00:20 on March 8, 2023  / /  EMEA, International, Kyoto Mechanisms

Iceland’s environment ministry has decided to buy carbon units to meet a shortfall to its legally-binding emissions target under the UN Kyoto Protocol, according to local media.

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EU gathers experts to help steer the bloc’s course on carbon removals 

Published 14:37 on March 7, 2023  /  Last updated at 08:29 on March 8, 2023  / /  EMEA, EU ETS, Voluntary

The European Commission convened its first expert group meeting for carbon removals on Tuesday, aiming to steer the EU’s development of methodologies deemed crucial for the bloc to meet its goal of reaching net zero emissions by 2050. 

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Cote d’Ivoire teams up with developers to explore potential for large-scale reforestation  

Published 15:52 on March 6, 2023  /  Last updated at 15:52 on March 6, 2023  / /  Africa, EMEA, Nature-based, Voluntary

Cote d’Ivoire has signed an MOU with a local and a foreign developer to explore the development of reforestation carbon credit projects in the country.

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German pushback delays vote on EU car standard, as bloc’s green legacy faces testing month

Published 20:39 on March 3, 2023  /  Last updated at 04:53 on March 4, 2023  / /  EMEA, EU ETS

EU nations on Friday delayed a vote planned for next week to endorse a deal on CO2 car standards amid protests from Germany, complicating what had been seen as a mere formality in a busy month of work for legislators on the bloc’s climate policy.

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Ratings firm downgrades Asian renewables project, puts REDD scheme on watch

Published 20:02 on March 2, 2023  /  Last updated at 20:02 on March 2, 2023  / /  Nature-based, Voluntary

A carbon credit ratings agency has downgraded a Verra-accredited renewables project in Vietnam, while putting three more on watch for a potential ratings change. 

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