Korean project developer secures purchase agreement for ITMOs from Africa
A South Korean project developer has secured a contract to purchase internationally transferred mitigation outcomes (ITMOs) under the Paris Agreement from an African country, as it seeks to expand its business in the emerging Article 6 market.
Read MoreUN explores repurposing CDM-based online offset platform for Paris era
The UNFCCC is considering repurposing its voluntary offset platform, which is supplied by Kyoto-era credits, in order to support the new carbon credit generation mechanism under the Paris Agreement.
Read MoreINTERVIEW: We want to have a real impact on the climate, says founder of first carbon credit-backed currency
The founder of a startup claiming to be the first digital currency backed by carbon credits believes their firm’s solution can set the tone for large-scale growth of the innovative climate finance tool.
Read MoreLiberia establishes group to push forward carbon markets regulation, mulls moratorium -media
Liberia has set up an expert group to help the African country move forward on carbon markets legislation, following a government meeting this week, local media reported, with a moratorium on market activity in discussion until a framework has been put in place.
Read MoreVoluntary carbon trading platform pushes back auction of 1.5 mln Article 6 credits from Malawi cookstoves
A voluntary carbon trading platform has delayed its sale to July 16 of 1.5 million Internationally Transferred Mitigation Outcomes (ITMOs) at a minimum of $10 each generated by clean cooking projects in Malawi, according to a Wednesday press release.
Read MoreINTERVIEW: Momentum for LPG cookstoves fueled by health, emissions impact
Carbon finance can accelerate the adoption of cleaner cooking with LPG in developing countries, with a number of credit-generating projects underway, though infrastructure rollout remains a core challenge, say experts.
Read MoreGambia introduces draft carbon trading bill
The government of Gambia has introduced a draft carbon trading bill in an effort to regulate project activity and credit transactions in the emerging market.
Read MoreVerra’s new REDD methodology could leave projects issuing no voluntary carbon credits, warns assessement body
Verra’s new consolidated methodology for avoided deforestation could lead to many REDD carbon projects being cancelled because they face the risk of being unable to issue voluntary credits, finds an assessment body.
Read MoreEgyptian carbon tax expected by year’s end -media
The Egyptian cabinet is in the final stages of drafting carbon tax legislation under its forthcoming 2024-30 tax policy strategy, with the final version expected before the end of the year, according to Egyptian media sources.
Read MoreEuropean agtech firm secures €10 million in Series A2 funding round
A European agtech firm has secured €10 million in a second round of funding to boost its network of soil carbon removals projects, and plans to raise another €2-4 mln this year.
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