Climate finance continued to grow in 2024, mostly going to emission reductions -OECD
Developed countries increased their public and private finance for climate action for a third year in a row in 2024, with nearly two-thirds directed to emission reduction efforts, according to the OECD’s annual assessment, published Thursday.
Read MoreForestry is a high-potential launchpad for biodiversity credits -report
The forestry sector is well positioned to support biodiversity credit markets on the supply and demand sides, according to a report.
Read MoreFinance, governments, and NGOs exploring nature transition network
A group has been formed to explore a network for integrating nature into corporate transition planning, with executives from finance, government, and non-profits.
Read MoreCORSIA could run short of eligible offsets by 2028 under higher emissions scenarios -analysis
The aviation sector’s international carbon offsetting scheme could face a shortage of eligible credits by 2028 under medium- and high-emissions scenarios, according to analysts, even though only a small portion of expected demand is currently covered by explicit non-compliance penalties.Â
Read MoreWorld Bank toolkit urges countries to draw on existing standards in voluntary carbon market rules
Developing countries should build clear domestic rules for carbon crediting while relying where possible on established international standards and infrastructure to avoid slowing market access, the World Bank said in a legal guide published this week.
Read MoreSBTi shifts focus to implementation in new strategy to help corporates to net zero
The Science Based Targets initiative (SBTi) has unveiled a new 2026-30 strategy that will see it pivot from a generalised approach to more tailored support across sectors and geographies for corporates aiming to reach net zero, with a direct reference in the plan to the possible use of ‘high-integrity’ carbon credits as a “complement” for emission reductions.
Read MoreRewriting market rules could help halt tropical deforestation -report
The trajectory of tropical deforestation could be reversed if governments, companies, and financiers modify the market rules driving ecological destruction, a report has said.
Read MoreMalaysian industry seeks clarity on credit use under carbon tax
Malaysian industry is seeking urgent clarity from the government on whether carbon credits will be eligible for use under the country’s planned, but now delayed, carbon tax, as uncertainty around implementation continues.
Read MoreEarly shift from coal-based steel could halve future decarbonisation costs, study says
Redirecting planned coal-based steel investment before 2030 could avoid emissions at around half the cost of cutting the same amount of CO2 later through other sectors or carbon removals (CDR), according to a study released Thursday.
Read MoreINTERVIEW: CORSIA carbon credit supply and demand must grow ‘in lock step’ to scale market
The UN’s international aviation offsetting scheme is slowly growing, but has the potential to take off quickly if supply and demand fall into lockstep, the founder of a carbon markets analysis company told Carbon Pulse.
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