US oil company retires forest credits from Guyana worth $250 million
A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.
Read MoreNew guide offers recommendations for agricultural biomass-based CDR sourcing
A new guide released on Thursday by a New York-based advisory firm set out criteria for buyers sourcing agricultural residues for biomass-based carbon removals (CDR), citing the need for safeguards around soil health, livelihoods, and credit integrity.
Read MoreCarbon project financier expects Vietnam LOA by year-end, sees airlines returning to CORSIA market after oil shock
A Canada-headquartered carbon project financier expects its Vietnam household devices programme to secure an governmental Article 6 Letter of Authorisation (LOA) before year-end, potentially positioning the initiative among the first projects approved under the Southeast Asian country’s new international carbon trading framework.
Read MoreCarbon royalties firm narrows VCM focus, sells remaining removal credit inventory
A Toronto-headquartered carbon and precious metals royalty and streaming company has sharply narrowed its focus on voluntary offset markets after pulling back from a large-scale regenerative agriculture programme, while continuing efforts to monetise forestry credits and advance a planned merger.
Read MoreCountries can curve plastic pollution without a global treaty -report
International cooperation can achieve significant reductions in plastic production and its emissions despite the absence of a legally binding global treaty, according to a report.
Read MoreCOMMENT: Clean cookstoves are becoming a carbon market litmus test
Local communities must be put at the heart of clean cooking projects for them to generate credible carbon credits and fulfil their potential as one of the only climate measures that can be deployed fast and at scale in displacement settings.
Read MoreBiodiversity Credit Alliance calls for digital infrastructure
If nature markets are to scale with transparency, auditability, and inclusivity, they should be developed as digitally native mechanisms, Biodiversity Credit Alliance (BCA) said in a paper on Tuesday.
Read MoreMajor seafood firms lag on environmental action, investor network finds
An investor network has published an assessment showing that the world’s biggest seafood companies are lagging in addressing their environmental impacts.
Read MoreFive nature-based project developers graduate from offset platform’s accelerator programme
A cohort of five nature-based project developers from around the world have completed a German-based offset platform’s fourth accelerator programme.
Read MoreINTERVIEW: Biodiversity credits are closest ecosystem service to commercial viability
Biodiversity credits are the ecosystem services market closest to becoming commercially viable as a funding source in their own right, but for now most nature value is still being priced indirectly, the head of a nature-based solutions financier has said.
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