Major Chinese papermaker eyes voluntary carbon deals in Gabon
A Chinese forestry and paper company has teamed up with a local partner in Gabon to explore carbon project opportunities in a rare instance of a China-based firm looking outside its own borders for emissions reduction ventures.
Read MoreRhino bond has lessons for biodiversity credits, expert says
The nascent biodiversity credits market can learn from the work of the World Bank’s rhino bond, according to an expert whose organisation worked on the issuance.
Read MoreEarly Article 6 carbon credits on sale above $20 ahead of series of auctions for ITMOs
Around half a million reforestation credits from a project in Kenya are being marketed for sale currently under Article 6.4 of the Paris Agreement as part of a partnership between a new Qatar-based centre and a marketplace to spearhead the auctions of sovereign credits in the run up to 2030.
Read MoreVoluntary carbon market focus shifts away from REDD towards forestry management in developed countries, study finds
The international voluntary carbon market has seen a priority change in offset project implementation over the past decade, with forest management solutions in developed nations attracting more attention from developers at the expense of REDD+ projects, researchers have found.
Read MoreGlobal biodiversity fund ringfences over $70 mln for new round of grants
The Global Biodiversity Framework Fund (GBFF) has approved a new round of grants, planning to deliver over $70 million for 18 new projects.
Read MoreVCM Report: Sluggish voluntary carbon spot market starts to pinch
News broke that Verra has temporarily suspended the registry account of the troubled Rimba Raya project on Monday morning to cap a dreary previous week for the voluntary carbon spot market that is still undermined by thin liquidity and low prices.
Read MoreEU CBAM could shrink South Africa’s exports 10% by 2050 -central bank
South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.
Read MoreNigerian govt adopts initiative to distribute 80 mln clean cookstoves financed by voluntary carbon credits
The federal government of Nigeria has collaborated with an African carbon offset project developer to distribute 80 million clean cookstoves throughout the West African nation that have been fully financed by voluntary carbon credits.
Read MoreFEATURE: Just transition approaches need refinement, some countries lead the way
Public backing for the low-carbon transition is a key cornerstone of enabling economies to shift towards a 1.5C-aligned world, with a growing number of countries now acknowledging the importance of a ‘just transition’, though approaches diverge significantly and finance remains a key stumbling block.
Read MoreCritical minerals ‘not a deal-breaker’ for climate goals – at least for now, IEA says
The International Energy Agency (IEA) has issued a cautious warning about the supply of critical raw materials needed for clean technologies, pointing to “potential strains” in supply that could slow down the green transition, but aren’t enough to derail it for now.
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