UPDATE – Brazilian prosecutors demand cancellation of Para’s $180 mln J-REDD deal
Brazilian public prosecutors issued a recommendation recently to cancel the state of Para’s $180 million deal for the sale of jurisdictional REDD (J-REDD) credits, saying the agreement violates national law.
Read MoreBrazil to propose international carbon market integration at COP30 -official
Brazil will present a proposal to integrate carbon markets worldwide when it hosts the COP30 UN climate conference in November, a senior government official said Friday.
Read MoreUPDATE – Carbon project financier sues former execs, claiming over $45 mln in damages as ex-CEO plans defence
A Toronto-based carbon project financier filed legal action Monday claiming over $45 million from several former executives and consulting companies for alleged breaches of fiduciary duty, fraudulent misrepresentation, and unjust enrichment, charges the former CEO has denied.
Read MoreUS university carbon capture hub names new co-director
A hub at a university in Connecticut engaged in research on natural carbon capture announced last week a new co-director.
Read MoreBrazil launches $26 mln call for restoration of Indigenous lands
Brazil’s national development bank and environment ministry on Friday launched a R$150 million ($25.6 mln) call for the ecological restoration of Indigenous lands in areas of the country suffering from deforestation.
Read MoreARB offset issuances dip in latest two-week cycle as DEBs units reemerge, YtD lead in new credits narrows
The number of compliance-eligible offsets issued by ARB fell about 8% from the previous two-week issuance period, as the state regulator once again issued units tagged with direct environmental benefits to the state (DEBs) and 2025’s year-to-date (YtD) increase in new credits narrowed, state data published Wednesday showed.
Read MoreRepublican senators reintroduce legislation to establish US carbon border tariff
A pair of Republican senators have introduced updated legislation establishing a US carbon border tariff fee on imports from countries with perceived dirtier production practices, targeting China in particular.
Read MorePennsylvania Republicans introduce bill to require carbon fee public consultation, legislative authorisation for cap-and-trade
GOP lawmakers in Pennsylvania introduced Monday a bill requiring a state agency to submit a recommendation for a carbon fee regime to regulate CO2 emissions after completion of public consultation, but also stipulating that any cap-and-trade programme must be legislatively authorised.
Read MoreOptional targets, exclusion of Scope 3 in SBTi draft update could hinder CDR investment -report
The inclusion of optional targets and exclusion of Scope 3 emissions in the Science Based Targets initiative’s (SBTi) draft update to its Corporate Net-Zero Standard could hinder investment in CO2 removals (CDR), according to a report published Monday.
Read MoreBrazilian project developer receives $17 mln backing from banks via national climate fund
A Sao Paulo-based carbon removal (CDR) project developer has received R$100 million ($16.9 mln) in backing from two Brazilian banks, becoming the first company to fund a reforestation project via a national climate fund.
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