Carbon removal purchases jump tenfold in 2023, nature-based projects strong in the pipeline, says ratings agency
Transactions of durable carbon removals have increased by more than 10 times over the past year, according to an annual report from a carbon credit ratings agency, supporting recent data from analysts that there is likely to be a strong future supply of nature-based credits from projects currently in the pipeline.
Read MoreNature restoration carbon projects see strong pipeline growth in 2023, retirements still down, says analytics firm
A carbon intelligence platform has shared an update on the voluntary carbon market, which now appears stalled until COP28 negotiations provide clarity on Article 6, while highlighting strong growth in the project pipeline for nature-based projects.
Read MoreNature startup raises €1.7 mln to develop corporate biodiversity reporting platform
A Germany-based startup company has raised €1.7 million in early stage funding, hoping to capitalise on a growing list of voluntary and mandatory requirements for corporates to address biodiversity loss and impact.
Read MoreUK finance and charity collaboration launches voluntary nature market principles
A group of organisations on Wednesday published the Nature Markets Principles, which contain a number of supply and demand-side principles for buyers and sellers of nature-oriented markets in the UK, with the intention to combat corporate greenwashing and support high-integrity, science-based activities in lieu of relevant policy and regulation.
Read MoreUN floats new way to calculate cookstove project emissions cuts, receives criticism
UN-backed research to calculate emissions reductions from cookstove carbon projects has been put out for consultation as part of global efforts to address over-crediting concerns, though the work seems to have angered some government authorities and experts.
Read MoreIUCN outlines new plan to tackle global species decline
Environmental organisation IUCN has called for an increase in financing to stem species loss alongside releasing an action plan to address species decline, but provided little detail on the mechanisms needed to do so.
Read MoreMore than 60% of global GDP threatened by water crisis, says WWF
Trillions of dollars in economic value are at risk in water-dependent sectors, according to environmental not-for-profit WWF, which has shined a spotlight on freshwater resource challenges in a new report.
Read MoreBusinesses sign EU nature charter for singular approach for corporate nature actions
A group of 37 businesses and environmental organisations have signed the European Business Nature Commitment, following the EU’s Business and Nature Summit in Milan this week.
Read MoreEU provides cash to launch Finland’s largest-ever biodiversity project
Finland will use EU funding to boost target habitats and garner private-sector funding to make biodiversity projects more financially sustainable, the government announced.
Read MoreWorld Economic Forum to launch buyers club for biodiversity credits
The World Economic Forum (WEF) is putting together a buyers club for biodiversity credits to be launched early next year, with several major companies looking at signing up ahead of what is planned to be a pilot auction to be held at an undecided date in 2024.
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