Liberia steps up plans to sell forestry credits under Paris Agreement
The densely forested west African country of Liberia is looking to harvest Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6.2 of the Paris Agreement after signing a letter of engagement with the Coalition of Rainforest Nations (CfRN), it was announced Wednesday.
Read MoreEXCLUSIVE: More carbon standards fully approved to supply CORSIA credits for current phase
UN aviation body ICAO has awarded full approval to four more voluntary carbon standards for Phase 1 of CORSIA (2024-26), Carbon Pulse has learned, meaning their credits will become eligible for use by airlines during the current stage of the international offsetting scheme.
Read MoreBP’s faith in oil and gas hits snag in third quarter
BP’s pivot away from the green revolution hit a snag Tuesday after the oil major reported its weakest quarterly earnings since the fourth quarter of 2020, when industry profits cratered during the coronavirus epidemic.
Read MoreVCM Report: Buyers mopping up renewable and REDD credits on the cheap
Low ball bids dominated the voluntary carbon market last week, eyeing up the pressure on sellers amid the glut of avoidance credits.
Read MoreBacklog of projects in Verra pipeline raises concern after standard body cuts staff
Falling credit issuance and a bulging backlog of projects in the pipeline for processing and certification in the Verra registry has raised concerns about the standard body’s promise to speed up its service after releasing around a quarter of its staff, market participants told Carbon Pulse.
Read MoreElectric cookstove maker receives cash injection from European Investment Bank
A cookstove manufacturer and project developer has secured $15 million from the European Investment Bank (EIB) to scale electric cooking in east Africa, avoiding 12 million tonnes of carbon emissions over a period of five years.
Read MoreRatings agency offers credit score for bundled portfolios of carbon credits
A ratings agency is offering a credit score for bundled portfolios of carbon offsets, as long as there are no poorly rated credits in the basket.
Read MoreClean Cooking Alliance lays off staff, loses donor funding amid challenging conditions
The Clean Cooking Alliance (CCA), which leads global efforts to promote clean cooking technologies, has laid off a number of its staff and lost donor funding as a result of broader financial difficulties in the voluntary carbon market, Carbon Pulse has learned.
Read MoreNon-profit buys $3 mln carbon removals in largest quarterly purchase to date
Eleven carbon removal (CDR) companies have been given a boost after a non-profit announced it had made its largest quarterly purchase to date worth $3 million.
Read MoreArea bigger than US needed for CDR commitments, with size growing -analysis
One billion of hectares of land, bigger than the size of the US, is needed to meet the carbon removal (CDR) commitments by countries in Paris Agreement pledges, an analysis has found.
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