PREVIEW: Brazil’s Amazon oil auction sparks debate over credibility ahead of COP30
Brazil is set to auction 172 oil and gas exploration blocks on Tuesday, including 68 in the Amazon region, triggering internal tensions between the country’s energy and environment ministries and raising questions over its energy transition credentials less than five months before it hosts the UN’s COP30 summit.
Read MoreINTERVIEW: Brazilian state needs to rush CCS regulation to host ArcelorMittal, Petrobras hub
A southeastern Brazilian state needs to accelerate the development of local regulations for carbon capture and storage (CCS) to pave the way for a pilot hub led by ArcelorMittal and Petrobras, an executive from the state’s industry federation told Carbon Pulse.
Read MoreLack of certainty on offset use in Brazilian ETS blamed for slowing Petrobras CCS strategy
The lack of a defined percentage for the use of carbon offsets towards compliance obligations under Brazil’s future ETS is affecting strategy for deploying carbon capture and storage (CCS) in the country, a manager at state-owned oil company Petrobras said on Wednesday.
Read MoreWWF guides companies on how to act for climate and nature action beyond their value chains -report
The World Wide Fund for Nature (WWF) released a new paper providing guidance for companies on how to take credible climate and nature action beyond their value chains.
Read MoreCOP30 should end with climate talks including nature and adaptation, says CEO
The COP30 presidency aims to have three main outcomes in climate finance talks, including a roadmap to achieve a $1.3 trillion global goal and finance for nature and adaptation, the conference’s CEO said Thursday.
Read MoreCLARIFICATION – Brazilian project developer working on new $300 mln vehicle for restoration projects
A Brazilian reforestation developer announced on Friday that it is raising $300 million in funding for its carbon removal (CDR) projects.
Read MoreEarth Security, UBS foundation launch framework for repricing blue carbon as a premium asset
To unlock the true value of blue carbon, the investment company Earth Security, in collaboration with UBS Optimus Foundation, has launched a new framework with practical recommendations for project developers, communities, and investors to position these credits as premium assets.
Read MoreAFD, Banco do Brasil target €250 mln for bioeconomy and restoration projects
The French Development Agency (AFD) and state-owned Banco do Brasil (BB) have signed a Letter of Intent to raise €250 million for sustainable projects focused on bioeconomy, recovery of degraded areas, low-carbon agriculture, reforestation, and biofuels.
Read MoreBrazilian mining company estimates carbon pricing mechanisms could incur costs of up to $3.4 billion
A Rio de Janeiro-headquartered global mining giant estimates that carbon pricing mechanisms could incur costs in the long term ranging from $1.2 billion to $3.4 bln, according to a report published Monday.
Read MoreBrazilian commission approves safeguards for REDD+ carbon projects
Brazil’s National Commission for REDD+ (CONAREDD) approved last week guidelines for the protection of communities in the implementation of carbon credit projects.
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