Senegal mangrove project second registered under Verra’s wetlands methodology
A mangrove restoration project in western Senegal has been registered under Verra’s Verified Carbon Standard (VCS) and Climate, Community, and Biodiversity (CCB) standards, becoming the second globally under the body’s flagship VM0033 blue carbon methodology, its developer announced this week.
Read MoreBrazilian Climate Fund announces new round of R$2.7 bln for restoration projects, backing carbon credit pipeline
Brazil’s National Bank for Economic and Social Development (BNDES) and the Ministry of Environment and Climate Change (MMA) have announced five new forest restoration and agroforestry financing operations worth R$834 million ($164 mln), expected to leverage a total of R$2.7 billion in investments and generate millions of carbon credits.
Read MoreUkraine approves low-carbon strategy, updated energy plan in package of 11 climate measures
Ukraine’s cabinet has approved a package of 11 environmental measures, including a long-term, low-carbon development strategy to 2050, an updated National Energy and Climate Plan (NECP) through 2030, and a new biodiversity conservation strategy.
Read MoreChile chooses contractor to develop national registry, track Article 6 credits, compliance offsets
Chile has contracted a Sri Lanka-based technology provider to develop the country’s awaited unified national carbon registry to track domestic compliance units, carbon tax offsets, and Paris Agreement Article 6 credits.
Read MoreWWF Zimbabwe pushes for cleaner mining sector, aims for $20 mln
In Zimbabwe, WWF aims to mobilise more than $20 million by 2030 under a plan published this week that seeks to align the country’s growing mining sector with biodiversity protection, climate resilience, and sustainable development goals.
Read MoreINTERVIEW: Chile estimates implementation phase of two sectorial ETSs by 2030, test Article 6 allocation model
Chile has redefined its landmark baseline-and-credit schemes as emissions trading systems (ETSs) and is now evaluating articulation with the energy sector pilot, an official told Carbon Pulse, while seeing potential in Article 6 to channel investment into hard-to-abate sectors and leverage GHG reductions towards national targets.
Read MoreColombia signs deforestation-free cattle law ahead of EUDR, aims to tackle main emissions source
Colombia has enacted a landmark law requiring traceability and due diligence across its cattle supply chain, a move designed to curb deforestation-linked beef production while helping exporters comply with the EU’s upcoming anti-deforestation regulation (EUDR).
Read MoreDominican Republic NDC keeps Article 6 cooperation open, rules out use for reaching target
The Dominican Republic has reaffirmed its intention to engage voluntarily with international carbon markets under Article 6 of the Paris Agreement, while explicitly ruling out their use to meet its own climate targets under its recently submitted Nationally Determined Contribution (NDC) 3.0.
Read MoreLATAM Roundup: Countries leap into transactional phase of Article 6 under bilateral agreements
Several Latin American countries crossed major milestones in the operationalisation of Article 6 markets last week, signalling a shift from years of institutional preparation towards the first wave of actual carbon transactions under the Paris Agreement.
Read MorePeru adds WWF-backed green microcredits programme to growing portfolio of biodiversity finance tools
Peru continues to expand its biodiversity finance toolkit after WWF-Peru and a local association of microfinance institutions launched a partnership aimed at developing green microcredit products and integrating biodiversity considerations into lending decisions.
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