Investment firm signs first US offtake deal for voluntary biodiversity credits
A US-based timberland investment portfolio firm has signed what is claimed to be the country’s first ever offtake agreement for voluntary biodiversity credits, from a project in Louisiana.
Read MoreIndonesia eyes huge emissions cuts through new nature-based fund
Indonesia this week launched a new nature-based fund with an initial allocation of $83 million that is expected to trap at least 128 mln tonnes of CO2 by the end of the decade.
Read MoreGroups launch biodiversity pilot market in Cote d’Ivoire
A trio of groups on Wednesday launched a pilot biodiversity credit framework in Cote d’Ivoire with a second scheme to be announced in France later in the week, in a push to drive the development of nature markets.
Read MoreAustralian Greens vow to align Safeguard Mechanism with 1.5C target, restrict carbon credit use
The Greens, who may hold the balance of power after Australia’s May 3 election, on Thursday released its energy and climate plan, pledging to tighten the Safeguard Mechanism and restrict usage of Australian Carbon Credit Units (ACCUs) and international offsets.
Read MoreJapan ties JCM approval process to Article 6 in bid to attract investments
Japan has abolished the implementation guidelines for projects under the Joint Crediting Mechanism (JCM), instead aligning the process with the Article 6 framework in order to simplify the process and make it more attractive to developers and investors.
Read MoreAustralian developer eyes large enterprise partners in scaled-up nature pilot
An Australian biodiversity project developer is looking to work with major corporations to set up a series of nature protection projects across the country.
Read MorePhilippines lawmakers approve carbon trading bill
The Philippines House of Representatives on Tuesday approved a bill that would set up a domestic emissions trading scheme with offset provisions as well as task the government with establishing a framework for trading carbon credits under the Paris Agreement.
Read MoreNew Zealand announces modest target increase in 2035 NDC
New Zealand on Thursday announced its nationally determined contribution (NDC) for 2035, modestly deepening its emissions reductions goal while switching to a single-year target from a multi-year one in the current decade.
Read MoreMicrosoft funds Swedish biodiversity credit project
A Swedish project that protects and restores valuable butterfly habitat is able to continue and expand after Microsoft provided funding for a local non-profit to buy all the biodiversity credits generated from the project over a two-year period.
Read MoreJapan, Philippines reject firewood cookstove methodology for JCM
The joint committee (JC) regulating the Japan-Philippines Joint Crediting Mechanism (JCM) has rejected two proposed methodologies amid concerns they might lead to over-crediting, including one for high-efficiency firewood cookstoves.
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