Colombia regulates offsetting mechanism of national plastics tax
The Colombian Ministry of Finance and Public Credit published a decree regulating the offsetting mechanism for the national tax on single-use plastics.
Read MoreLACS26: Latin America, the Caribbean provide a “comprehensive offer” for future international carbon trading with the EU -official
Ambitious climate targets, robust carbon pricing instruments in the works, and substantial emissions reductions potential make Latin America and the Caribbean one of the best regions to supply the EU’s future demand for international carbon credits, a representative from the bloc’s climate taskforce said this week.
Read MoreLACS26: INTERVIEW – Verra sees Misiones approval as slingshot for new wave of jurisdictional REDD+ programmes
Several governments across Latin America and the Caribbean are studying how to replicate Argentina’s Misiones programme after it became the first jurisdictional REDD+ initiative approved under Verra’s Jurisdictional and Nested REDD+ (JNR) Framework, the standard’s regional representative told Carbon Pulse.
Read MoreLACS26: Chile authorises landfill Article 6 project, nears Japan and Singapore bilateral agreements
Chile has issued a Letter of Authorisation (LoA) for a biogas landfill mitigation project, with the government also looking to operationalise two other bilateral agreements and preparing to assess a new batch of projects next month, a senior government official said this week at the Latin American Climate Summit (LACS).
Read MoreLACS26: Mexico targets end-2026 launch for ETS, national offsetting programme
The Mexican government is aiming to publish the regulation required to make its emissions trading system (ETS) fully operational by the end of 2026, accompanied by a national programme to boost local supply of carbon credits, according to a federal official.
Read MoreLACS26: Climate ambition, regulatory certainty could command premium in international carbon markets, experts say
The climate ambition of host countries and the stability of their regulatory frameworks are increasingly emerging as factors that could influence the price of internationally-traded carbon credits, as buyers and proponents seek to manage sovereign risks beyond the control of project execution, legal experts said this week during the Latin America Climate Summit (LACS) in Mexico.
Read MorePeru targets 726k ITMO transfer to Switzerland from clean cookstoves project
Peru has become the first country in Latin America to register a cooperative approach project on the UNFCCC Article 6 platform, with the clean cooking programme expected to provide Switzerland with more than 726,000 Internationally Transferred Mitigation Outcomes (ITMOs) by 2030.
Read MoreEcuador takes first step to enabling carbon markets with Article 6 regulation
Ecuador’s Ministry of Environment and Energy (MAE) has approved new rules governing the authorisation, registration, traceability, and transfer of mitigation outcomes under Article 6, creating the country’s first dedicated framework for participating in international carbon markets despite longstanding legal uncertainty surrounding carbon credit trading.
Read MorePeru opens door to Amazon bonds under revamped sovereign sustainable debt framework
Peru updates its sovereign sustainable bond framework to allow Amazon, nature, resilience, and blue bonds, broadening options to finance biodiversity protection.
Read MoreColombian ARR project receives issuance of first 230k removal credits
An afforestation project in eastern Colombia has completed its first verified issuance after seven years under development, with backers aiming to expand the planted area and bring additional volumes to market.
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