CARBON FORWARD MIDDLE EAST: Annual CORSIA carbon market valuation to exceed current VCM in Phase 1 -analysts
The price of carbon credits eligible for CORSIA Phase 1 (2024-26) could reach as high as $51 per tonne based on the current supply and demand outlook, with the annual market valuation for the period to exceed the current total for the entire VCM, according to analysts speaking at the Carbon Forward Middle East conference this week.
Read MoreIndian firm sells credits to Google in “world’s biggest biochar deal”
An Indian biochar firm has agreed to sell 100,000 carbon dioxide removals (CDR) credits to technology giant Google, in what it dubbed the “world’s largest industrial biochar offtake agreement”, in an announcement on Thursday.
Read MoreDeveloping nations lack public involvement in CDR growth, research finds
There is insufficient public participation in processes around carbon removals (CDR) in developing countries, which is a crucial requirement in the advancement of such technologies, a recent study has found.
Read MoreEnergy transition firm to launch coal abatement project avoiding 600 MtCO2e
A Singapore-headquartered energy transition company will launch Africa’s first coal abatement project, which is expected to avoid some 600 million tonnes of CO2e, Carbon Pulse has learned.
Read MoreProject developer secures additional funding to scale high-quality offset projects
A Singapore-headquartered carbon developer has secured an additional investment for scaling high-quality carbon projects in the Global South, the developer announced Thursday.
Read MoreEnvironmental services firm launches platform to trade carbon credits
A Singapore-headquartered climate fintech company has launched a blockchain-based platform for trading of carbon credits and international renewable energy certificates (I-RECS), it has announced.
Read MoreBangladesh submits Article 6.4 project list to the UN
Bangladesh has included a list of project activities under Article 6.4 mechanism of the Paris Agreement in its latest submission to the UNFCCC, even as it prepares a positive and negative list for Article 6 projects that will be incorporated in its updated Nationally Determined Contribution (NDC).
Read MoreMalaysia signs Article 6.2 agreement with Singapore
Malaysia and Singapore have signed a memorandum of understanding (MoU) for international carbon trading under Article 6.2 of the Paris Agreement, along with a series of deals aimed at promoting economic opportunities for both the nations.
Read MoreRwandan govt eyes carbon market for agroforestry project
The government of Rwanda is readying an agroforestry project to participate in international carbon markets with an aim to incentivise farmers to plant trees and discourage illegal logging in the country, according to local media.
Read MoreIndian state launches programme to cut livestock methane emissions 30% by 2030
An Indian state government has launched an initiative to reduce methane emissions from about 20 million dairy animals by more than 30% before the end of the decade and generate carbon credits to empower farmers, it recently announced.
Read More