New carbon finance company secures $50 mln to scale Kenya agroforestry project
A new carbon finance company launched on Monday said it secured over $50 million to expand a Kenya-based agroforestry carbon project, pitching early-stage funding as a way to unlock stalled projects and draw in institutional capital.
Read MoreVCM Report: CORSIA prices strengthen, Indonesia opens up to international carbon market after three years
Spot credits for Phase 1 of CORSIA traded around $14 this week, while the ending of Indonesia’s moratorium on selling voluntary carbon units internationally looks set to unleash a flood of fresh REDD issuances onto the market.Â
Read MoreSCOTUS hands oil companies win in Louisiana coastal lawsuits over historic oil activity
The US Supreme Court (SCOTUS) on Friday handed oil companies a boost in their fight with Louisiana officials over coastal damage costs, siding with Chevron in a case that could shape similar claims against other oil and gas players, including Exxon Mobil.
Read MoreCost of meeting CORSIA offset demand may hit $2 bln for 2025 emissions
The cost of meeting demand for CORSIA-Eligible Emissions Units (EEUs) in 2025, at current market prices and based on expected sectoral growth figures, could near $2 billion, according to industry data presented at the Colombia Carbon Forum last week.
Read MoreGlobal carbon price for shipping back on the IMO negotiating table
Countries around the world are back to negotiating a carbon price for international shipping, with hoping to reach final adoption later this year – but they will have to contend with intense pressure to break the current framework apart.
Read MoreCorporations act on avocado-related deforestation following shareholder filings
Three US-based corporations have committed to act on deforestation linked to their avocado supply chains following shareholder filings on the topic, a report has said.
Read MoreINTERVIEW: Uncertainty over Microsoft CDR purchases unlikely to derail nature-based carbon removal market
The market for nature-based carbon removals will withstand Microsoft’s possible pause in carbon removal (CDR) activity, with investor appetite and a broader base of corporate buyers looking to support the sector, according to an expert.
Read MoreSolar booming in ‘Age of Electricity’ to squeeze out fossil fuel emissions, finds IEA
The renewables boom slowed global growth in energy-related CO2 emissions to a tiny fraction last year, according to the International Energy Agency (IEA).
Read MoreBRIEFING: Canada nature plan draws cautious backing as nature finance investment pathways remain unclear
Canadian nature finance experts agree that the country’s recent nature strategy is a step in the right direction, but say uncertainty remains on how potential financing tools, including nature credits, could be designed and deployed.
Read MoreCFTC: Producers build CCAs, extend RGA net short
Producers built California Carbon Allowance (CCA) net length through V27 holdings while extending their net short in RGGI Allowances (RGAs), per the latest data release from the US Commodity Futures Trading Commission (CFTC).
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