Qatari organisation selects first Article 6 project for ITMO auction
A Qatar-based organisation has selected a first Article 6 project for inclusion in an Internationally Transferred Mitigation Outcomes (ITMOs) auction on a blockchain platform, it announced Thursday.
Read MoreMulti-donor initiative pledges $2.5 bln to help Cameroon halt deforestation
A UN-backed multi-donor coalition this week committed $2.5 billion over the next decade to support Cameroon in transitioning away from traditional land-use practices towards deforestation-free production models.
Read MoreAfrican nature credit buyer’s club to launch with target of ‘millions of dollars’
The BIRA Coalition has announced it is forming a buyer’s club that aims to raise millions of dollars through nature credits generated by large-scale projects in Sub-Saharan African countries, Carbon Pulse has learned.
Read MoreINTERVIEW: The key ingredients for selling cookstove credits at $35/t
Realism, ratings, and relationships are the key ingredients to attract investment in the voluntary carbon market, the buyer of cookstove credits at $35 per tonne told Carbon Pulse this week.
Read MoreBNP Paribas, French NGO launch impact loan vehicle for coral reef conservation, target $35 mln
A French NGO has partnered with a business accelerator managed by BNP Paribas to launch an impact loan facility for scaling blended finance towards marine conservation efforts in the Global South, aiming to raise $35 million.
Read MoreBRIEFING: Article 6 needs streamlining and specifics, fewer constraints, says carbon industry
UN negotiators should facilitate private sector involvement in Article 6 through measures designed to streamline deal-making, authorisation, and transaction, but should not over-emphasise central infrastructure or interpret the Paris Agreement to preclude REDD projects, according to a carbon trading industry body.
Read MoreINTERVIEW: African pilots plan to generate biodiversity credits across 300,000 ha
An initiative to generate biodiversity credits across more than 300,000 hectares in Uganda and Zambia has been speaking with authorities about creating enabling policy, Carbon Pulse has learned.
Read MoreGlobal climate fund to invest up to $1 bln to decarbonise industry sectors in developing countries
One of the largest climate funds in the world announced on Thursday that it would invest up to $1 billion in technologies that reduce emissions from the industrial sector in developing countries.
Read MoreRwanda, Sweden plan Article 6 cooperation
The Swedish Energy Agency (SEA) and the Rwandan Ministry of Environment signed an MoU on Thursday for a cooperative partnership under Article 6 of the Paris Agreement.
Read MoreANALYSIS: Article 6 can supplement finance goals at COP29
Article 6 is meant to create a UN carbon crediting and trading system, but it can also support adaptation and the overarching New Collective Quantified Goal (NCQG) financing target at COP29, experts have told Carbon Pulse.
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