VCM Report: Verra carbon credit retirements breach 7 mln as market shows signs of life

Published 16:53 on December 2, 2024  /  Last updated at 16:53 on December 2, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Retirements in the Verra voluntary carbon registry surged to just over 7 million last week, as the market started to show some life after having failed to ignite after the COP climate talks last month.

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IFC launches $450-mln green bond to fund biodiversity

Published 16:29 on December 2, 2024  /  Last updated at 02:23 on December 3, 2024  /  Americas, Asia Pacific, Australia, Biodiversity, South & Central

The International Finance Corporation (IFC) has issued a A$700-million ($451 mln) so-called green kangaroo bond in Australia to help close the biodiversity funding gap in emerging markets, it announced Monday.

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Insurers must contribute to nature-positive future, UNEP FI says

Published 16:25 on December 2, 2024  /  Last updated at 16:25 on December 2, 2024  / /  Americas, Asia Pacific, Biodiversity, EMEA

A “first-of-its-kind” guide to try to galvanise action from insurers to engage with a nature-positive future, enabling investments in ecosystems and innovative biodiversity-linked products, was published Monday by the UN Environment Programme Finance Initiative (UNEP FI).

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Indonesia’s 2040 coal phase-out target difficult, could hit ratings -agency

Published 10:04 on December 2, 2024  /  Last updated at 10:04 on December 2, 2024  / /  Asia Pacific, Other APAC

Indonesia’s recently announced 2040 target coal phase-out date may be unrealistic and could affect power and resource sector companies’ credit ratings if the government adjusts its policy approach to meet the goal, a leading rating agency warned over the weekend.

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INTERVIEW: Article 6 decision marks ‘fundamental’ shift in landscape for project developers

Published 09:24 on December 2, 2024  /  Last updated at 09:24 on December 2, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Kyoto Mechanisms, Nature-based, Paris Article 6, Voluntary

The breakthrough on Article 6, achieved in Baku last month, will have a huge impact on the ground in terms of project development, according to executives at a global association for the sector.

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Organic matter decomposition study finds best type of wetland for carbon storage

Published 08:05 on December 2, 2024  /  Last updated at 08:05 on December 2, 2024  / /  Asia Pacific, Australia, Nature-based, Voluntary

Wetlands across the world are releasing more carbon and sequestering less when temperatures increase, a study using an unusual proxy tool has found.

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Australia Market Roundup: Local survey sees ongoing optimism and concerns around carbon farming

Published 07:57 on December 2, 2024  /  Last updated at 07:57 on December 2, 2024  / /  Asia Pacific, Australia

A community survey in southwest Queensland has provided divergent results on the views of carbon farming, with concerns expressed not entirely aligned with the findings suggested.

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Taiwan pledges $300 mln funds to support green investments

Published 07:43 on December 2, 2024  /  Last updated at 07:43 on December 2, 2024  / /  Asia Pacific, Other APAC

Taiwan has approved the establishment of a special fund worth NT$10 billion ($308 million), as the government aims to encourage more domestic green investments. 

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PREVIEW: NZ ETS watchers expect partial clearance at final auction for 2024  

Published 05:48 on December 2, 2024  /  Last updated at 05:48 on December 2, 2024  / /  Asia Pacific, New Zealand

New Zealand carbon market participants are expecting to see a partial clearance at this week’s government-held auction in anticipation of much smaller volumes being issued in future years.

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Coal mine expansions jeopardise NSW climate targets, Net Zero Commission warns

Published 05:29 on December 2, 2024  /  Last updated at 05:29 on December 2, 2024  / /  Asia Pacific, Australia

The expansion and extension of coal mines in Australia’s most populous state is undermining its ability to achieving its ambitious emissions reduction targets, according to the newly-established Net Zero Commission (NZC).

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