Consortium launches cookstoves carbon methodology for projects under Article 6, voluntary markets
The Clean Cooking & Climate Consortium (4C), led by the Clean Cooking Alliance (CCA), has released a new methodology for crediting emissions reductions from cooking projects hoping to lend credibility to the market and boost investor confidence.
Read MoreAustralian cookstove project developer raises $3.75 mln from investors
A project developer that seeks to decarbonise cooking with the use of smart stoves has raised $3.75 million in its Series-A round.
Read MoreKorean securities firm secures Paris-aligned water purification project in Ghana
A South Korean securities firm is aiming to expand its carbon finance business through participation in a government-backed international greenhouse gas reduction project, which can generate Paris-aligned carbon credits.
Read MoreUN-backed coalition grants $20 mln to Cameroon for adopting sustainable agricultural practices
The Central African Forest Initiative (CAFI) has approved $20 million in funding to Cameroon in order to help smallholder cocoa and coffee farmers adopt sustainable agricultural practices, it announced this week.
Read MoreBRIEFING: ISO kicks off work on new net-zero standard, keeps door open to offsets
The International Organization for Standardization (ISO) is developing its first standard for reaching net-zero emissions, which could allow companies to use offsets to meet decarbonisation targets, it announced on Thursday.
Read MoreFormer CQC boss Newcombe denies wrongdoing allegations, calls them part of plot by investor to seize control of firm
The former CEO of project developer C-Quest Capital (CQC) Ken Newcombe has denied the allegations of wrongdoing made against him, calling them part of a plot by a major investor to seize control of the company.
Read MoreWorld Bank announces $700 mln loan for Egypt to develop domestic carbon market, green transition
The World Bank will award $700 million in loans for Egypt to support a greener growth trajectory, including the establishment of a voluntary carbon market (VCM) regulatory framework, according to a release Monday.
Read MoreFormer C-Quest Capital CEO accused of wrongdoing, reported to US authorities over alleged carbon credit over-issuance
Project developer C-Quest Capital (CQC) on Wednesday revealed that it has uncovered significant wrongdoing by its founder and former CEO Ken Newcombe that allegedly resulted in the over-issuance of millions of voluntary carbon credits, leading the firm to report the matter to US authorities and fire a number of senior executives and staff.
Read MoreBRIEFING: Article 6 deals could help to close the climate finance gap, expert says
The voluntary market is inherently limited in its ability to deliver large-scale carbon reductions, so policies should focus on the Paris Agreement’s Article 6, as well as compliance markets, to drive market growth, a prominent academic said at an event in London.
Read MoreINTERVIEW: New forest carbon standard seeks to disconnect revenue from credit issuance, ensure community buy-in
A new forest carbon standard is looking to take an area-based model to how it generates revenue, rather than being paid for how many credits it issues to a project, and will require transparent benefit sharing among all project stakeholders to ensure community approval.
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