Non-profit to launch 300k marine biodiversity credits at COP16

Published 16:21 on October 17, 2024  /  Last updated at 19:20 on October 17, 2024  / /  Africa, Biodiversity, EMEA

Non-profit SeaTrees is preparing to release 300,000 voluntary marine biodiversity credits for sale at UN biodiversity conference COP16 from a Kenyan initiative, Carbon Pulse has learned.

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Verra cancels 5 mln over-issued credits from CQC projects following investigation

Published 15:22 on October 17, 2024  /  Last updated at 00:53 on October 18, 2024  / and /  Africa, Americas, Asia Pacific, EMEA, Other APAC, Voluntary

Verra has cancelled over 5 million voluntary carbon credits issued to C-Quest Capital (CQC) projects following an investigation launched back in June, also in the wake of charges of fraud by US authorities on former executives at the company.

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Cote d’Ivoire forms office to expedite carbon market regulations

Published 13:57 on October 17, 2024  /  Last updated at 13:57 on October 17, 2024  / /  Africa, EMEA, Nature-based, Voluntary

The government of Cote d’Ivoire has formed a specialised office to accelerate the development of country’s carbon market regulations and bring investments for project development in the country, it has announced.

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Cleantech startup raises $5 mln for DAC in Kenya

Published 19:10 on October 16, 2024  /  Last updated at 19:10 on October 16, 2024  / /  Africa, EMEA, Voluntary

A cleantech startup has raised $5 million to build a direct air capture (DAC) facility in the Great Rift Valley of Kenya, which is expected to launch in December.

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Kenya-based carbon removal firm reveals biochar solution from sugarcane waste

Published 13:51 on October 16, 2024  /  Last updated at 13:51 on October 16, 2024  / /  Africa, EMEA, Voluntary

A Kenya-headquartered carbon removal company has launched a new biochar solution that aims to sequester carbon, improve food security, and create jobs for women, it announced this week.

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Electricity demand set to rise, but renewable installation must keep pace, flagship IEA report warns

Published 13:22 on October 16, 2024  /  Last updated at 13:22 on October 16, 2024  / /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International

Low-emissions technology, both new renewables and recently resurgent nuclear, will generate half the world’s power demand by 2030, yet without investment in electricity grids in particular, global warming is headed for 2.4C above pre-industrial temperatures by the end of the century, according to the International Energy Agency’s (IEA’s) World Energy Outlook (WEO) on Wednesday. 

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China continues to back coal power overseas despite commitment, report says

Published 05:27 on October 15, 2024  /  Last updated at 05:27 on October 15, 2024  / /  Africa, Asia Pacific, China, EMEA, International, Other APAC

China is still supporting the expansion of coal power overseas, with captive units remaining a loophole in the country’s overseas coal ban, a report has found.

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Non-profit considering global portfolio of biodiversity credit pilots

Published 16:00 on October 14, 2024  /  Last updated at 08:45 on October 15, 2024  / /  Africa, Biodiversity, EMEA

Fauna & Flora is considering supporting biodiversity credit initiatives in countries across the world, following an ongoing 500-hectare pilot in South Africa, Carbon Pulse has learned.

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Shipping carbon tax could broadside African economies, report warns

Published 01:03 on October 12, 2024  /  Last updated at 01:03 on October 12, 2024  /  Africa, Carbon Taxes, International, Shipping

A shipping carbon tax being floated by the International Maritime Organization (IMO) could have disproportionate economic impacts on African countries, a new report warns.

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UN body skips over Paris negotiators in a bid to secure consensus on Article 6.4

Published 14:17 on October 10, 2024  /  Last updated at 11:06 on October 11, 2024  / and /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary

The UN body mandated to determine rules governing the Paris Agreement’s Article 6 opted early Thursday to bypass negotiators and bring its standards for carbon methodologies and removals into force – in a “risky” and “bold” move that was widely welcomed for its potential to drive agreement at next month’s COP29, despite concerns about its long-term implications.

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