Nigerian govt agency invests in cookstoves developer to boost production, generate voluntary carbon credit revenue
A Nigerian government agency has invested in a domestic cookstoves manufacturing firm and a carbon offset project developer to increase production of cookstoves and to leverage the credit proceeds, the agency announced Thursday.
Read MoreZambia signs $30-mln agreement with World Bank to reduce greenhouse gas emissions
The government of Zambia has entered into an agreement with the World Bank to cut greenhouse gas emissions in the Eastern Province of the African nation, the bank announced this week.
Read MoreIndian market regulator opens for use of controversial green credits to earn ESG “leadership” status
India’s securities and commodities market regulator has proposed changes to the country’s Business Responsibility and Sustainability Reporting (BRSR) framework, opening for companies to earn “leadership” status by listing green credits they or their value chain partners have generated through tree-planting and other environmentally beneficial activities.
Read MoreInvestor group teams up to finance nature-based carbon removal project in Panama
A group of investors has partnered to finance a reforestation project in Panama aiming to restore 10,000 hectares of degraded tropical forests and generate over 3 million carbon removal credits.
Read MoreNigerian govt adopts initiative to distribute 80 mln clean cookstoves financed by voluntary carbon credits
The federal government of Nigeria has collaborated with an African carbon offset project developer to distribute 80 million clean cookstoves throughout the West African nation that have been fully financed by voluntary carbon credits.
Read MoreIndia to ensure benefit for every stakeholder before rolling out carbon market policy -official
India will seek to ensure every stakeholder will benefit before rolling out a policy to support its carbon market, a government official said this week.
Read MorePakistan eyes cement, waste sectors to generate credits under Article 6
Pakistan is targeting its cement and waste management sectors for decarbonisation, while also exploring carbon finance opportunities under Article 6 of the Paris Agreement.
Read MoreIndia mulls adding cookstoves to list of eligible Article 6.2 activities
The Indian government is considering the inclusion of solar cookstoves as part of a list of activities eligible to generate carbon credits that can be sold abroad under Article 6.2 of the Paris Agreement, an official told Carbon Pulse on the sidelines of a conference on Thursday.
Read MoreHost countries must be prepared for imminent demand for Article 6 credits once implemented -expert
Demand for Article 6 credits from developed countries will arise sooner rather than later, however host countries must put necessary policies in place, a conference heard this week.
Read MoreState-owned oil major determined to make Malaysia regional CCS hub
Malaysian oil and energy company Petronas intends to provide solutions to decarbonise hard-to-abate sectors and establish the Southeast Asian nation as the regional hub for carbon capture and storage (CCS), it told a conference this week.
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