NGO launches hub for nature-based solutions to help children amid climate crisis
An international NGO launched a nature-based solutions hub on Wednesday, seeking to leverage the voluntary carbon market (VCM) to fund community-based projects for children and the climate.
Read More‘Trial by media’ fears hit voluntary carbon market after Verra shuts out developer over magazine article
Concerns have been raised about what some are calling ‘trial by media’ in the voluntary carbon market (VCM) after Verra said it froze the registry account of a developer in the wake of allegations made in a magazine article because it was a ‘unique situation’, contrary to the standard body’s usual protocol.
Read MoreRe-routing to avoid Red Sea threat could triple ETS emissions costs for EU-bound ships
Ongoing attacks by Houthi rebels on ships navigating the Red Sea have forced many Europe-bound vessels to divert their routes, which could as much as triple their emissions liabilities under the EU ETS, according to an ESG data provider.
Read MoreGreen Climate Fund commits $100 mln for climate funding in Somalia
The UN’s Green Climate Fund (GCF) has pledged to invest $100 million for climate action in Somalia over the next year, it announced Tuesday.
Read MoreJust 6% of past voluntary carbon credit issuances likely to meet ICVCM’s CCP label -analysts
A little over 6% of historical credit issuances have a strong chance of receiving the CCP label by the Integrity Council for Voluntary Carbon Markets (ICVCM), with the tag potentially a more stringent marker of quality than CORSIA-eligible credits, according to market analysts.
Read MoreVCM Report: KSET liquidation sparks sell off in voluntary carbon spots and futures
Standardised voluntary carbon spot contracts for old CORSIA and related futures tumbled this week from already low levels, in the wake of asset manager KraneShares announcing it will liquidate its KSET exchange-traded fund.
Read MoreOil-producing Nigerian state grants British firm right to generate millions of voluntary carbon credits
An oil-rich state in Nigeria has signed a memorandum of understanding (MoU) with a UK investor, granting it permission to restore thousands of mangroves to generate an estimated 5 million voluntary carbon credits per year.
Read MoreOffset project developer to acquire London-based carbon trading platform
A Canada-based offset project developer it buying a London-based carbon trading platform.
Read MoreGreen Climate Fund approves $500 mln for climate projects, discusses REDD+
The UN’s Green Climate Fund (GCF) has approved $489.8 million of funding across 11 climate projects in developing countries this week, which will total $1.26 billion with co-financing.
Read MoreCF ASIA: Managing reputational risks difficult but vital, carbon developer says
The potential reputational risks for carbon project developers partnering with corrupt or problematic governments are “challenging, but necessary” in order to continue the work of protecting nature within their borders, a project developer told a panel Friday.
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