Non-profit to launch 300k marine biodiversity credits at COP16
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.
Read MoreVerra cancels 5 mln over-issued credits from CQC projects following investigation
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.
Read MoreCote d’Ivoire forms office to expedite carbon market regulations
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.
Read MoreCleantech startup raises $5 mln for DAC in Kenya
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.
Read MoreKenya-based carbon removal firm reveals biochar solution from sugarcane waste
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.
Read MoreElectricity demand set to rise, but renewable installation must keep pace, flagship IEA report warns
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.
Read MoreChina continues to back coal power overseas despite commitment, report says
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.
Read MoreNon-profit considering global portfolio of biodiversity credit pilots
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.
Read MoreShipping carbon tax could broadside African economies, report warns
A shipping carbon tax being floated by the International Maritime Organization (IMO) could have disproportionate economic impacts on African countries, a new report warns.
Read MoreUN body skips over Paris negotiators in a bid to secure consensus on Article 6.4
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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