FEATURE: Critics demand debt-for-nature evolution after landmark Galapagos deal
The Galapagos Islands’ record-setting debt-for-nature swap was broadly applauded as a win-win-win for Ecuador, nature, and international financiers, but now a groundswell of critical voices is pointing to problems that must be avoided as nations queue up to strike similar deals.
Read MoreEU ETS cut emissions not employment in early years -study
The EU’s flagship emissions trading scheme (ETS) led to a reduction of carbon emissions of around 10% between 2005-12 with no adverse impact on employment, according to a recent study.
Read MoreINTERVIEW: Low-cost carbon removals from fermentation industries are bubbling up in Europe
(Free to read) – Advocates are eyeing the prospect of carbon dioxide removals (CDR) stemming from fermentation industries to contribute to EU climate targets, with one large biorefinery noting its potential to generate 500,000 CDR credits annually.
Read MoreAsset managers fare poorly on climate and biodiversity action -report
Global asset managers are largely failing to align portfolios to net-zero pathways and are also mostly ignoring biodiversity risks, according to a report published Sunday that relied on a comprehensive sample of global data.
Read MoreExperts propose pathway to avoid meaningless global stocktake on climate progress
Bureaucrats this week will continue a global stocktake of progress made on climate action under the UN Paris Agreement, but some observers say that the process needs to promote concrete solutions, rather than simply pointing out current failures.
Read MoreDeveloper promotes new Indonesian forest and mangrove carbon project pipeline
A carbon project developer is showcasing deals made with provincial governments in Indonesia, claiming that the agreements add a very significant volume of carbon credits to its project pipeline.
Read MoreNext steps on EU carbon border levy coming soon, as Brussels readies details
The European Commission is likely to publish its first set of implementation and delegated acts in the coming weeks related to the recently-passed carbon border adjustment mechanism (CBAM), with experts weighing whether details are likely on the thorny issue of carbon price equivalency.
Read MorePlatform launched to help verify Scope 3 emissions impacts
A platform was launched on Wednesday to help verify and track Scope 3 GHG reductions, aiming to make it easier for companies to make claims related to their projects or other interventions that help clean up their value chain emissions.
Read MoreSenegal municipality signs four-part deal with carbon project developer
A carbon project developer has clinched a four-part agreement with a municipal government in Senegal, the company said on Monday, outlining details of the deal that targets the development of both carbon and biodiversity credits from the various initiatives.
Read MoreLawmakers eye splitting of issues under EU’s carbon removals bill
Lawmakers are weighing whether the EU’s law to certify carbon removals should make a clear distinction on how policy will support land-based carbon sequestration compared to more durable solutions, with experts eyeing a role for the latter in the bloc’s flagship carbon market.
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