Global tax on aviation, shipping could raise $200 bln annually by 2035 -IMF
International transportation, especially aviation and shipping, must be “urgently taxed” as that would raise up to $200 billion a year in revenues by 2035, potentially tripling current global climate finance, a paper released by the International Monetary Fund (IMF) has found.
Read MoreINTERVIEW: India can be massive carbon removals supplier, but lacks local demand
India has great potential to be a leader in the global supply of carbon removals credits, but the country is also facing a total lack of domestic demand for such credits, a carbon removals accelerator told Carbon Pulse on the sidelines of a carbon summit this week.
Read MoreEuropean accelerator marks entry into Indian carbon removals market, selects first cohort of local startups
An Amsterdam-based carbon removal accelerator has selected its first cohort of Indian climate startups to scale carbon removal solutions across the country, marking its entry into the Asian market, it announced at an event in Mumbai on Tuesday.
Read MoreIndian state partners with country’s biggest development bank to implement carbon credit framework
An India state has partnered with the biggest development bank in the country to generate additional carbon credit revenue for smallholder farmers by reducing GHG emissions, the state government has announced.
Read MoreIndonesia’s decision to reopen sea sand export will lead to blue carbon crisis, destroy marine ecosystems -think tank
The Indonesian government’s decision to reopen sea sand export is likely to plunge the Southeast Asian nation into a blue carbon crisis, and harm its marine biodiversity, a report released this week has warned.
Read MoreSingapore, Ghana issue first call for Article 6 projects
Singapore and Ghana on Monday issued their first call for projects under their Article 6 partnership, having set out the procedures for the authorisation of carbon offset projects meant to channel financing towards emissions reduction or removals in the African country.
Read MoreMalaysia releases updated national climate change policy
The Malaysian Ministry of National Resources and Environmental Sustainability (NRES) on Monday announced an updated climate change policy, which includes a new framework for the country’s transition towards a low-carbon economy.
Read MoreINTERVIEW: Undeterred by policy inadequacy, Pakistani non-profit hopes to turn the tide for country’s voluntary carbon market
A non-profit in Pakistan is endeavouring to get the much-needed carbon finance into the country heavily impacted by climate change, despite the lack of clear pathways for offset projects to scale.
Read MoreOffset developer partners with Kenyan business consortium to support carbon markets, scale climate finance
A carbon offset project developer has formed a partnership with a business consortium in Kenya to scale up private sector finance in order to support carbon markets and scale climate finance in the East African nation, the partners announced Wednesday.
Read MoreGerman nature-based trading platform, Thai consultancy launch regional coalition to fight climate change, biodiversity loss
A Berlin-headquartered environmental trading platform has partnered with a Bangkok-based consultancy to launch Southeast Asia Carbon Coalition (SEACC) for tackling climate change and biodiversity loss, the partners announced Wednesday.
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