COP30: Some Article 6 negotiators pushing to ban ITMO transfers linked to TER-flagged reports
A provision in the latest iteration of an Article 6.2 negotiating text, published Tuesday, would ban trading Internationally Transferred Mitigation Outcomes (ITMOs) associated with reports flagged during the Technical Expert Review (TER) process – while every report to date has come back with identified inconsistencies.
Read MoreCOP30: Roundup for Day 8 – Nov. 18
Day 8 at COP30 in Belem. The Brazilian presidency is advancing fast on plans for an outcome at the summit, opening up two core goals, the first being a Belem Package, which will see a showdown on Wednesday on some of the most contentious issues at stake: finance, trade measures, and a lack of ambition in climate plans.
Read MoreCOP30: Coalition announces programme to address deforestation risks in supply chains
An NGO coalition has announced a three-year programme seeking to curb deforestation risk across the supply chains in over 30 landscapes.
Read MoreBrazilian agtech company signs exclusive ERW partnership with UK developer
A Brazil-based agricultural technology company has signed an exclusive agreement with a UK-based project developer to advance enhanced rock weathering (ERW) projects in the South American country, aiming to generate carbon removal (CDR) credits, they announced Monday.
Read MoreCOP30: Para submits J-REDD+ registration, monitoring documents to ART TREES for 38 mln credits
The Amazonian state of Para submitted new documents to ART TREES, taking a further step towards its planned issuance of the first 38 million carbon credits under its jurisdictional REDD+ (J-REDD+) programme.
Read MoreCOP30: Governments, philanthropies sign $1.8 bln pledge to support Indigenous, local conservation
More than 35 governments and philanthropies pledged on Monday to support Indigenous, local, and Afro-descendant communities in reversing forest and biodiversity loss and land degradation through a $1.8 billion fund over the next five years.
Read MoreHemp-based CDR could remove 10 bln tCO2 per year by 2035 -study
Using hemp as a biochar feedstock could remove 10 billion tonnes of CO2 per year by 2035 at low costs without requiring extensive land use or major investments, according to a new study.
Read MoreCOP30: Still no funding reallocation figure for Article 6 crediting from CDM wind-down
The latest text on closing the Clean Development Mechanism (CDM), being negotiated at COP30, still lacks a sum of funds to transfer from the Kyoto Protocol-era system, in order to ease an urgent finance shortage in Article 6 markets.
Read MoreCOP30: More govts join coalition to grow “high-integrity” carbon credits
A total of 11 governments now endorse recently released shared principles that are designed to help scale responsible use of carbon credits to meet global climate goals.
Read MoreScientists outline CDR complexities in Paris climate context -webinar
Scientists are sending up flares that carbon removals (CDR) do not deliver equal-and-opposite climate effects when matched tonne-for-tonne with CO2 emissions, highlighting how carbon cycle asymmetry complicates net zero accounting in a recent webinar on the climate impacts of CDR.
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