Carbon credit financier notches small profit in Q3 despite project write-down
A Toronto-based carbon credit financier eked out a small net profit in Q3 2024 despite further writing down the value of one of its projects.
Read MoreCOP29: Madagascar uses cookstove project to test int’l carbon market legislation, a model which could be replicated, developer says
A voluntary cookstove project in Madagascar is working closely with the national government to act as a test case for its soon-to-be finalised carbon market legislation, which the developer says it is a model they would like to apply to other jurisdictions looking to participate in international crediting markets.
Read MoreCOP29: Multiple countries outline plans to raise billions in forest carbon finance
Fourteen countries, including the US, France, and the UK, issued a statement at COP29 in Baku on Thursday affirming their commitment to scale up finance for forests, based on ‘high-integrity’ carbon markets.
Read MoreCOP29: Ghana Article 6 activities mobilise $800 mln, says president
Ghana has mobilised $800 million by hosting carbon projects through Article 6.2 of the Paris Agreement, President Nana Akufo-Addo revealed at COP29, precipitating emissions cuts through bilateral agreements with primarily European buyer countries.
Read MoreSouth Africa looks to boost domestic carbon credit use
South Africa is looking to introduce sweeping changes to boost phase two of its carbon tax scheme, mandating a much higher level of domestic carbon credit use for mitigation, as it seeks to align its climate policies with the Paris Agreement, a public consultation paper has revealed.
Read MoreCarbon project developer in Africa surges ahead with Article 6 activities, expects first authorisation letter soon
A developer of clean cooking and clean water projects in Rwanda and Ghana expects to achieve its first letter of authorisation over the next few months to begin trading carbon credits under Article 6.2, and is in advanced talks with multiple international governments, its CEO told Carbon Pulse.
Read MoreCOP29: Ghana, Singapore further Article 6 relationship
Ghana has announced a step forward under its agreement with Singapore on carbon markets by operationalising the digital trading and settlement of ITMOs under Article 6.2, according to a Wednesday announcement.
Read MoreLosses mount for carbon credit financier after it writes off two more projects
A Toronto-based carbon credit financier has seen its financial losses mount after it was forced to write off two more projects.
Read MoreCanadian biochar carbon project developer announces third deal this month
A Canadian carbon project developer has announced its third deal this month to expand biochar production.
Read MoreCOP29: Four carbon negative nations launch G-ZERO forum at the climate summit in Baku
A group of carbon neutral countries including Bhutan, Madagascar, Panama, and Suriname have launched the G-ZERO forum at the COP29 summit in Baku on Tuesday and issued a joint declaration pledging to remain carbon negative “at all times”.
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