Amazon pushes against carbon removals ‘groupthink’, says markets need reduction credits too
Amazon has pushed back against relying solely on carbon removals, a trend common among major corporate buyers, to instead focus on high-quality emissions reduction credits that it said were essential to scale voluntary markets.
Read MoreTogolese bank issues $450 mln nature bond with agriculture, water focus
A bank based in Togo has issued a nature bond for $450 million focused on sustainable agriculture and water, a sum $100 mln more than the original target.
Read MoreMinnesota House passes $190 mln funding for state nature projects
The Minnesota House of Representatives has voted in favour of a bill containing $191 million of finance for projects working to conserve and restore the state’s fish, wildlife, and game.
Read MoreINTERVIEW: UNEP sees Article 6 supply wave building towards 2030
The first meaningful supply of carbon credits traded under the Paris Agreement’s Article 6 mechanism will only emerge closer to 2030, as countries build the accounting and regulatory infrastructure needed to authorise trades, according to two UNEP officials.
Read MoreBRIEFING: Circular economy emerges as a missing link in GBF delivery, specialists say
Speakers from science, civil society, and government argued that circular economy approaches must become central to the implementation of the Kunming-Montreal Global Biodiversity Framework (GBF), warning that biodiversity goals will remain out of reach unless countries address the economic systems driving ecosystem degradation.
Read MoreFirst real-world olivine marine CDR trial reports no adverse ecological impacts
Researchers have published what they describe as the first field-based evidence that deploying olivine sand for marine CO2 removal caused no detectable adverse effects on ocean ecosystems, potentially bolstering confidence in alkalinity enhancement pathways that have faced persistent environmental scrutiny.
Read MoreCanadian carbon developer narrows net loss in Q1 as CORSIA sales begin
A Canada-based carbon project financier reported a Q1 net loss on Friday that was lower from the previous three-month period while also disclosing first-quarter sales of CORSIA-eligible cookstove credits.
Read MoreCDR MONTHLY: Over 1 mln CDR tonnes contracted in April as removals registry records best month on record
April saw around 1.14 million tonnes of durable carbon removals (CDR) contracted, with deals that saw JPMorgan Chase and Boeing add to their existing portfolios, while a registry focused solely on CDR saw record monthly issuances and retirements.
Read MoreInvestment in carbon credits hits record high as buyers shift focus -analysts
Early-stage capital invested in the carbon credit market reached a record $22 billion last year as more buyers sought to lock in price and quality, according to an analyst group.
Read MoreBRIEFING: Wave of national nature credit plans opens dilemma over need for global market
Governments worldwide are joining the race to set up national or regional nature markets, though observers are divided over whether these efforts should remain local or evolve into a global trading system.
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