Australia open to include OECMs in Nature Repair Market

Published 11:47 on March 27, 2024  /  Last updated at 11:47 on March 27, 2024  / /  Asia Pacific, Australia, Biodiversity

Australia on Wednesday released its second public consultation on Other Effective area-based Conservation Measures (OECMs), saying they might be approved for biodiversity crediting under the nation’s Nature Repair Market (NRM).

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Cercarbono publishes final biodiversity crediting protocol

Published 08:54 on March 23, 2024  /  Last updated at 10:09 on March 23, 2024  / /  Americas, Biodiversity, International, South & Central

Colombia-based environmental crediting standard Cercarbono on Friday published the final version of its biodiversity protocol that will underpin crediting of 18 eligible activities across a number of ecosystems, though with a number of significant changes since its initial draft.

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China releases draft emissions guidelines for aluminium smelting in latest sign of imminent ETS expansion

Published 12:09 on March 15, 2024  /  Last updated at 12:09 on March 15, 2024  / /  Asia Pacific, China

China’s environment ministry on Friday released for public consultation draft CO2 emissions accounting and reporting guidelines for the aluminium smelting industry as part of preparations to expand its emissions trading scheme beyond coal-fired power plants.

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Groups team up to form Swedish biodiversity credit market

Published 10:34 on March 14, 2024  /  Last updated at 10:34 on March 14, 2024  / /  Biodiversity, EMEA

A group of companies and organisations with ties to the forestry sector have teamed up to lay the foundations for a Swedish market for voluntary biodiversity credits.

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Japan to certify second batch of OECMs in bid to meet biodiversity targets

Published 04:43 on February 27, 2024  /  Last updated at 04:43 on February 27, 2024  / /  Asia Pacific, Biodiversity, Japan

Japan will next month certify 63 more Other Effective area-based Conservation Measures (OECMs) that businesses can choose to support financially in exchange for biodiversity support certificates, the environment ministry announced Tuesday.

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Infrastructure firm launches Philippines’ first biodiversity offset project

Published 05:22 on February 25, 2024  /  Last updated at 05:22 on February 25, 2024  / /  Asia Pacific, Biodiversity, Other APAC

The company tasked with building and operating the New Manila International Airport has launched the first project in the Philippines aimed at offsetting the loss of natural and critical habitats from a major infrastructure project.

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German billionaire sets up $1.5-bln nature fund

Published 02:17 on February 3, 2024  /  Last updated at 02:42 on February 3, 2024  / /  Biodiversity, International

A German fintech billionaire has set up a $1.5-billion nature conservation fund through his family office to combat the mass extinction of species and help meet the Global Biodiversity Framework target of protecting 30% of the world’s land and oceans by 2030.

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Japanese firms partner to develop TNFD-aligned voluntary biodiversity credits

Published 12:13 on February 1, 2024  /  Last updated at 12:13 on February 1, 2024  / /  Asia Pacific, Biodiversity, International, Japan

A Tokyo-headquartered asset management firm has teamed up with a tech company to create voluntary credits aligned with the Taskforce on Nature-based Financial Disclosure’s reporting framework, focusing on Japan at first but eyeing international expansion later.

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Australian developer to design NRM methodology for wildlife sanctuaries

Published 10:34 on February 1, 2024  /  Last updated at 10:34 on February 1, 2024  / /  Asia Pacific, Australia, Biodiversity

A project developer is planning to draw up a methodology for wildlife sanctuaries under Australia’s Nature Repair Market, hoping to earn voluntary biodiversity credits to fund the protection of rare and threatened species.

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Trading platform to list Terrasos biodiversity credits

Published 23:57 on January 27, 2024  /  Last updated at 11:17 on January 31, 2024  / /  Americas, Biodiversity, South & Central, US

A US-based environmental trading platform will start listing voluntary biodiversity credits generated by Colombian company Terrasos.

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