South Korean project developer gears up for expansion in Africa, Central Asia
A carbon offset project developer from South Korea has secured international partnerships for its expansion into Africa and Central Asia, as it seeks to diversify its project portfolio and seize opportunities in international carbon markets.
Read MoreCOP29: Singapore, Zambia sign Article 6 MoU
Singapore and Zambia Tuesday signed a Memorandum of Understanding (MOU) to collaborate on carbon credits aligned with Article 6 of the Paris Agreement.
Read MoreBiochar developer eyes expansion to 200k carbon credits a year by 2027
A biochar developer expects to issue 200,000 credits a year, certified by Puro.earth, by 2027.
Read MoreCOP29: Benin, Norway sign bilateral Article 6 agreement
Norway and Benin on Sunday signed a bilateral Article 6 agreement at COP29, according to a government press release.
Read MoreCOP29: Trade issues complicate talks as countries call for EU CBAM to be simplified
The EU’s carbon border adjustment mechanism (CBAM) is adding tensions to already difficult negotiations at COP29 in Baku, with top government officials telling Carbon Pulse that the European Union should be more flexible with the policy.
Read MoreCOP29: Developing countries need much more grant-based finance than previously estimated, study claims
Developing countries need up to $1.5 trillion per year of solely grant-based climate finance as they struggle to attract investment and cope with growing debt, according to a new study that claims previous estimates are far too low.
Read MoreCOP29: IEA considers buying clean cooking carbon credits, Verra unsure on ambition level in UN methodology
The International Energy Agency (IEA) is interested in purchasing clean cooking carbon credits, a representative confirmed Monday at the COP29 climate summit, while a senior member at Verra said the voluntary standard remained in a wait-and-see stance for a new UN-backed methodology for the sector.
Read MoreCOP29: “Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
“Dark vessels”, or ships that disable their tracking systems, are responsible for at least 7% of global maritime emissions, secretly releasing more than 80 million tonnes of CO2 annually, while unfettered methane output from the oil and gas sector is contributing to the unrelenting rise in global greenhouse gas emissions.
Read MoreCOP29: INTERVIEW – Morocco readies Article 6 framework, expects ITMO offtakes in 2025
Morocco will launch and implement an Article 6 framework in the coming months, culminating in offtake agreements involving millions of Internationally Transferred Mitigation Outcomes (ITMOs), according to a government advisor speaking to Carbon Pulse on the sidelines of COP29 in Baku.
Read MoreCOP29: Tanzania agrees deal to distribute 1 mln cookstoves
The federal government of Tanzania has teamed up with a Nairobi-based cookstoves manufacturer and project developer to distribute 1 million clean cookstoves throughout the East African nation to be funded by voluntary carbon credits.
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