Brazilian development bank seeks buyers for R$6 bln in reforestation carbon credits
Brazil’s National Bank for Social and Economic Development (BNDES) launched a public call on Thursday to attract large companies interested in buying carbon credits from reforestation in the Amazon Rainforest.
Read MoreRenewables a ‘geopolitical shock absorber’ and their cost advantage over fossil fuels keeps widening, says IRENA
The cost advantage of renewable energy over fossil fuels continues to widen – helping to avoid an estimated $480 billion in fossil fuel-related costs last year and about 8.4 bln tonnes of CO2 emissions – turning clean energy into a “geopolitical shock absorber” during times of energy crisis, said the International Renewable Energy Agency (IRENA) in new analysis.
Read MoreEcosystem function depends on complex species interactions, especially predator roles -study
Healthy ecosystems rely less on the number of species they contain and more on how those species interact, particularly the presence of predators, according to a new research published in Nature on Thursday.
Read MoreINTERVIEW: New standard targets Global South developers with no upfront fees
A Bengaluru-based carbon registry and standard startup is looking to claw market share from established voluntary carbon standards by eliminating upfront costs for developers and targeting under-capitalised projects across the Global South.
Read MoreDATA DIVE: Brazil leads the way in CDM transitional approvals, as one-quarter of eligible activities meet June deadline
Brazil has approved nearly all of its eligible Clean Development Mechanism (CDM) activities to transition to Paris-era carbon crediting, far more than any other country, as around 25% of all potential projects that could have moved to the new system secured government approval in time.
Read MoreFirst PACM carbon credits still face quality risks despite tougher accounting rules, says rating agency
The first carbon credits approved for issuance under the Paris Agreement Crediting Mechanism (PACM) show that the UN’s new system is improving the quality of legacy Clean Development Mechanism (CDM) projects through more conservative carbon accounting, but significant project-level risks remain, according to a new analysis.
Read MoreTripling global nuclear capacity by 2050 will require major investment and policy overhaul, says OECD
Tripling global nuclear power capacity by 2050 will require a dramatic expansion of financing, skilled workers, manufacturing capacity, and government support, according to a new report published by the OECD’s specialist nuclear energy agency (NEA).
Read MoreIsometric issues first reforestation credits for Brazilian developer with Google, Microsoft deals
Isometric has issued nearly 22,000 reforestation carbon credits to an Amazonian project from a Sao Paulo-based developer, the first such credits for both companies, they announced on Wednesday.
Read MoreNew SBTi standard could triple voluntary carbon market demand even under minimum engagement, analysis says
The revised corporate net zero standard from the Science Based Targets initiative (SBTi) could substantially increase demand for voluntary carbon credits over the coming decade, though actual growth is likely to depend on whether companies raise internal carbon prices and voluntarily increase credit purchases ahead of 2035, according to new analysis.
Read MoreAirlines must set stronger climate goals as current voluntary targets fall short, experts say
Airlines need to set more stringent near-term emissions reduction pathways and provide greater transparency on their transition plans under the voluntary Science Based Targets initiative (SBTi) in order to close the sector’s emissions gap, according to an academic report.
Read More