INTERVIEW: Technology transfer key to boosting Africa’s voluntary carbon market
Africa’s voluntary carbon market needs technology transfer from the Global North to keep up with increasingly demanding carbon credit methodologies and to demonstrate integrity, a Ghanaian advisor to the International Monetary Fund (IMF) told Carbon Pulse Thursday on the sidelines of the IMF Spring Meetings in Washington DC.
Read MoreCote d’Ivoire asks Rabobank to suspend carbon credit activities in country amid numerous allegations
The government of Cote d’Ivoire has reportedly asked Dutch bank Rabobank to suspend its carbon credit origination activities in the Nawa region of the country, claiming that emissions reductions previously sold to buyers including Microsoft were state property and contracted to another party.
Read MoreDeveloper, local council sign carbon trading deal to protect 250k hectares of forested land in Tanzania
A Tanzanian project developer has signed an agreement with a local district council to implement a forest conservation scheme covering 250,000 hectares across 14 villages.
Read MoreSBTi boss “regrets distress” caused by proposed change to carbon offset use policy
The CEO of the Science Based Targets initiative (SBTi) has reaffirmed the organisation’s dedication to robust science-based decarbonisation standards, saying he “deeply regrets the concern and distress” caused by a proposed change in its policy regarding offsets.
Read MoreFEATURE: G20, not COP29, key to meeting global climate finance needs
International climate finance flows will depend on movement within the G20, not the UN negotiations at COP29 this year, several sources told Carbon Pulse on the sidelines of the International Monetary Fund (IMF) and World Bank Spring Meetings held this week in Washington DC.
Read MoreANALYSIS: Voluntary carbon actors eye narrative change but demand still lacking
Voluntary carbon attendees at an industry event held in Florence this week struck an optimistic note in light of imminent market developments that are expected to boost demand, but multiple sources highlighted a lack of tangible impact so far, with buyers still said to be holding back on offset investment due to reputational risk.
Read MoreOff-grid solar company gets green light for large cookstove carbon projects in Africa
A project developer plans to distribute 600,000 energy-efficient clean cookstoves in Africa as part of a multi-million dollar grant to decarbonise the electrical grid in Uganda.
Read MoreUN Secretary-General calls for fossil fuel phaseout
UN Secretary-General Antonio Guterres called for a phase out of fossil fuels at the Spring Meetings of the International Monetary Fund (IMF) and World Bank on Wednesday.
Read MorePrivate investment and low cost finance critical in supporting emerging nations’ net zero transitions -panel
Finance ministries’ roles in developing a robust policy framework to provide necessary incentives for the private sector to support net zero transitions, coupled with low cost lending, will play a crucial role in assisting emerging nations’ climate goals, experts emphasised at a panel discussion Tuesday.
Read MoreBezos Earth Fund to award $100 mln for AI-based climate solutions
US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.
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