COP30: Brazil’s Treasury offers loans at 1% per year to attract foreign investment to Amazonian bioeconomy
The Brazilian Treasury announced on Friday a new line of financing that aims to incentivise investments in bioeconomy, sustainable tourism, and infrastructure in the Amazon rainforest.
Read MoreCOP30: World Bank, WWF announce ‘Indigenous Bank’ to channel direct carbon credit revenues to communities
The World Bank and WWF have announced the creation of an Indigenous-governed financial institution in Colombia’s Amazon region, aimed at directing revenues from carbon credits and other sustainable activities straight to local communities, they said on Friday.
Read MoreCOP30: Paris carbon permanence rules “wolf at the door”, says forestry developer
Rules around crediting projects under the new Paris Agreement Crediting Mechanism (PACM) represent the “biggest fear” for many forest carbon developers, one supplier told a side event at COP30, who continue to worry about being shut out of Article 6 by what they see as overly stringent rules on land-based activities.
Read MoreCOP30: EXCLUSIVE – Brazilian developer, ecological institute partner for restoration carbon projects
A Brazilian project developer and ecological institute have sealed at COP30 a partnership for carbon and forest restoration projects, starting in the country’s Atlantic Forest.
Read MoreBRIEFING: Stakeholders weigh in on federal budget outlook for nature projects in Canada
Environmental organisations are split on Canada’s 2025 federal budget, with some critical of its implications for nature and others suggesting it creates a window of opportunity for developing more credible afforestation, reforestation, and restoration (ARR) projects in Canada while reducing the burden on taxpayers.
Read MoreCOP30: LEAF Coalition approves first Caribbean supplier country
Public-private jurisdictional REDD+ (J-REDD+) buyers’ club LEAF Coalition has approved the Dominican Republic (DR) as a supplier country, the first from the Caribbean, it was announced at COP30.
Read MoreCOP30: Germany unlikely to offer tropical forest funding pledge in Belem -state secretary
Germany is unlikely to announce funding for the Brazilian-led tropical forest fund during COP30, as it needs more time to finalise financing details, the country’s state secretary told Carbon Pulse on Friday on the sidelines of the conference in Belem.
Read MoreCOP30: INTERVIEW – Brazilian asset manager eyes ETS rollout as catalyst for expanding carbon market investments
Brazil’s forthcoming emissions trading system (ETS) is drawing attention from domestic investors, with a $2.7 billion asset manager envisioning rising demand for carbon credits generated from its pipeline.
Read MoreCOP30: Some parties seeking to revisit Article 6.2 guidance in negotiations
Guidance on bilateral sovereign carbon credit agreements under Article 6.2 could once again be on the negotiating table at COP30 this year, should select parties have their way, sources told Carbon Pulse.
Read MoreCOP30: New PACM text requests revision to baseline crediting methodology, CDM transition extension
A draft decision text on Article 6.4, published Friday at COP30, contains provisions that would see parties reopen a baseline standard for crediting Paris Agreement Crediting Mechanism (PACM) activities to avoid discouraging nature-based carbon project development, which negotiators and observers expect to now be heavily contested as talks heat up in Belem.
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