Zimbabwe’s Kariba REDD+ to receive carbon credits under another standard following Verra withdrawal
Zimbabwe’s giant Kariba REDD+ project is set to receive carbon credits via another standards body after its owner withdrew it from Verra’s VCS programme amid protests about a protracted investigation.
Read MoreUNFCCC assesses DRC REDD+ emissions reporting as ‘partially’ accurate
Experts at the UNFCCC assessing a REDD+ submission from the Democratic Republic of the Congo (DRC), found that the country’s emissions reporting was “partially transparent and partially consistent” with expected standards, identifying areas for capacity-building and future technical improvement.
Read MoreForestry investor prepares African portfolio for biodiversity credits
Australia-headquartered asset manager New Forests is preparing to potentially generate biodiversity credits by gathering nature metrics across 37,800 hectares in three African countries, Carbon Pulse has learned.
Read MoreDATA DIVE: Shell’s dominance of the voluntary carbon market drives retirements surge
Anglo-Dutch oil major Shell has dominated the voluntary carbon market (VCM) over the past six months, retiring 14% – or one seventh – of all credits retired between Nov. 2023 and April 2024, Carbon Pulse analysis has shown.
Read MoreUNDP, GEF launch $135-mln initiative to arrest environmental degradation in small island states
The UNDP and the Global Environment Facility (GEF) on Tuesday launched the Blue and Green Islands Integrated Program to scale up nature-based solutions in 15 Small Island Developing States (SIDS).
Read MoreINTERVIEW: Cookstove partnership targets countries offering Article 6 authorisation to roll out projects
A partnership between a clean cooking project developer and a carbon investor is prioritising countries that are ready to issue letters of authorisation (LOA) for the roll out of its new cookstoves, given the growing demand for Article 6-aligned credits.
Read MoreProject developer secures funding for large ARR project in South Africa
A carbon project developer has secured funding from a group of climate finance investors to fund the first phase of its ARR project in South Africa that can generate more than 30 million carbon credits during its lifetime, it announced Tuesday.
Read MoreSingapore, Sweden strike deals with Ghana to trade Article 6 carbon credits
Ghana, a forerunner in developing Article 6 trade, has struck deals with Singapore and Sweden that will see sovereign carbon credits from the West African country fulfill climate obligations abroad.
Read MorePREVIEW: South African elections see parties resist coal phaseout as development takes centre stage
South African voters head to the polls Wednesday amid energy shortages, a proposed carbon tax hike, and incoming international carbon tariffs, with the country’s three biggest parties open to adding new energies to the national mix but resistant to transitioning away from coal.
Read MoreVCM Report: Early voluntary carbon summer doldrums brightened by high bids for Article 6, some nature credits
The summer doldrums has arrived early in the voluntary carbon sector this year after another week of generally thin liquidity and sideway pricing, but pockets of high-priced trades for nature-based credits and early interest in Article 6-eligible units propped up optimism for the future.
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