Domestic carbon removal markets risk missing out on developing world’s potential -experts

Published 15:01 on September 18, 2024  /  Last updated at 15:01 on September 18, 2024  / /  Africa, Climate Talks, EMEA, International, Nature-based, Paris Article 6, Voluntary

The more government policies focus on developing their domestic carbon removals rather than a global market for credits, the less opportunity there will be to tap into the biggest potential in the world – often in developing countries that have less need to cut emissions, according to experts.

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EXCLUSIVE: Kenya teams up with global analytics firm to build REDD+ carbon registry

Published 00:01 on September 18, 2024  /  Last updated at 22:19 on September 17, 2024  / /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary

Kenya has partnered with an international energy analytics firm to establish a REDD+ carbon registry.

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Non-profit urges COP16 to put world on track to meeting biodiversity targets

Published 16:04 on September 17, 2024  /  Last updated at 01:23 on September 18, 2024  / /  Africa, Biodiversity, EMEA, International

The priority of UN biodiversity conference COP16 should be delivering on the international pledges from Montreal while tracking progress, a World Resources Institute (WRI) executive said on Tuesday.

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Kenya-based startup sells Africa’s first ERW carbon credits -media

Published 13:54 on September 17, 2024  /  Last updated at 13:54 on September 17, 2024  / /  Africa, EMEA, Voluntary

A Nairobi-headquartered company has sold Africa’s first enhanced rock weathering (ERW) carbon credits, according to Bloomberg.

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FEATURE: Parties probe Article 6 ‘floor price’ but experts doubt formal rollout

Published 16:38 on September 16, 2024  /  Last updated at 02:51 on September 17, 2024  / /  Africa, Americas, Asia Pacific, Climate Talks, EMEA, International, Nature-based, Paris Article 6, Voluntary

Some countries, notably in Africa, are said to be pushing to establish a minimum price for the sale of Article 6 credits, although experts doubt that any widespread policy could realistically be implemented as the idea remains abstract, backed informally by just a few parties.

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Morocco to fulfil carbon tax, fossil fuel levy promises in 2025

Published 14:09 on September 16, 2024  /  Last updated at 14:09 on September 16, 2024  / /  Africa, Carbon Taxes, CBAM, EMEA, International, Middle East

The Moroccan finance ministry has presented a bill to launch a carbon tax in 2025 and lay the groundwork for an increase in value-added tax (VAT) on fossil fuels, following up on international promises to reform its system of environmental levies.

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ANALYSIS: Voluntary, regulated carbon markets need each other, but solving the supply bottleneck will take years

Published 19:12 on September 13, 2024  /  Last updated at 19:12 on September 13, 2024  / /  Africa, Americas, Asia Pacific, Aviation/CORSIA, Climate Talks, EMEA, International, Nature-based, Paris Article 6, Voluntary

Voluntary and regulated carbon markets need one another, international stakeholders told a World Bank-convened event this week, but creating the right investment conditions to scale supply and blur the lines between the two forms of pricing mechanisms will take years.

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Swiss group awards letter of support to biogas carbon project in Ghana under Article 6

Published 15:10 on September 13, 2024  /  Last updated at 15:10 on September 13, 2024  / /  Africa, EMEA, International, Paris Article 6, Switzerland

The Swiss industry agency entrusted by its government with arranging Article 6.2 bilateral agreements has provided written and financial support to a biogas project in Ghana, a global forerunner in Paris Agreement carbon trading deals.

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CDR offers great salaries in a growing industry, for those lucky to be in the few countries where it exists, industry survey finds

Published 15:00 on September 12, 2024  /  Last updated at 15:14 on September 12, 2024  / /  Africa, Americas, Asia Pacific, EMEA, International, Voluntary

Prospective employees in carbon dioxide removal (CDR) can expect competitive salaries in the small number of countries where it exists, according to a first-of-its kind survey of the sector, but the industry will need to grow rapidly in the coming years if it is to contribute to the world achieving its climate goals.

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Tanzanian developer partners with CreditNature to pilot nature credits in the Kilimanjaro region

Published 12:19 on September 12, 2024  /  Last updated at 08:19 on September 17, 2024  / /  Africa, Biodiversity, EMEA

A Tanzania-based developer has partnered with CreditNature to launch a biodiversity credit pilot in the Kilimanjaro region by the end of November, Carbon Pulse has learned.

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