Pacific Island VCM project expands with new Indigenous group
An Indigenous tribe has had its forest protection project certified, enabling it to join a voluntary carbon market (VCM) project located on a vulnerable small island developing state, the project coordinator announced on Wednesday.
Read MoreStartup pushed for regulatory changes to enable mCDR in New Zealand -media
An Israeli-founded startup has lobbied the New Zealand government for changes to local regulations so it can proceed with marine carbon removals (mCDR) in the country’s waters, local media reported on Wednesday.
Read MorePartners launch A$50 mln fund to decarbonise Australian industry
A new fund aimed at investing in companies developing technology to decarbonise hard-to-abate sectors in Australia has raised A$50 million ($34.2 mln) at its first close.
Read MorePNG progresses first carbon project since moratorium lifted
The Papua New Guinea government has approved the first carbon project in the country aligned with its new market system, it said.
Read MoreAustralia should champion ‘decarbonisation deals’ platform as COP31 initiative, says climate authority
Australia should use its role as president of the COP31 negotiations to advance a decarbonisation deals platform to bridge the gap between Nationally Determined Contribution (NDC) ambitions and economic implementation, the country’s Climate Change Authority (CCA) has proposed.
Read MoreClimate advisory awarded grant to scale agroforestry in Timor-Leste, generating 20 MtCO2 of removals
A global climate investment and advisory firm has been awarded up to $25 million to develop a blended finance platform to scale a Timor-Leste community agroforestry programme with the potential to generate up to 20 mln verified carbon credits over its lifetime.
Read MoreCF Asia: ANALYSIS – CORSIA wholesale acceptance of PACM credits seen as unlikely, say market participants
The aviation sector’s international offsetting programme, CORSIA, is unlikely to accept all credits issued under one of the Paris Agreement’s Article 6 mechanisms, market participants told Carbon Pulse on Wednesday.
Read MoreCF Asia: Compliance markets risk sidelining high-cost carbon projects, developers say
Compliance markets potentially risk sidelining higher-tech and more expensive mitigation activities, developers warned, arguing that lower-cost supply could divert investment from complex, capital-intensive projects.
Read MoreCF Asia: INTERVIEW – NZU prices won’t recover until uncapped forestry dealt with, former minister says
Prices in New Zealand’s ETS will continue to come under pressure from forestry-issued units absent any changes, the country’s former climate minister told Carbon Pulse on Tuesday – despite legislative tweaks to restrict farm-to-forest conversions last year.
Read MoreCF Asia: Removals essential infrastructure amid data centre-driven power demand boom
With a surge in power demand from data centres extending the life of fossil fuel-fired generation, carbon removals are even more important than before, a high profile investor said Tuesday.
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