ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds
The Association of Southeast Asian Nations (ASEAN) has the potential to unlock up to $3 trillion in revenue through the reduction or removal of 1.1 billion tonnes of CO2e per year by 2050 if member states develop regulations to support domestic carbon markets, a report released Thursday has found.
Read MoreMining industry faces tough road to decarbonisation amid surging demand for critical minerals -report
The global mining industry faces a steep challenge in its efforts to decarbonise, with emissions reductions falling far short of targets needed to align with international climate goals, according to a new report.
Read MoreCarbon removal buyers club signs offtake agreement with South American biochar developer
A carbon removal buyers club on Thursday announced a multi-year CDR purchase agreement with a South American biochar producer.
Read MoreClear demand signal needed to scale CORSIA carbon credit supply, says Guyana
Airlines need to show a clearer demand signal if countries are to supply sufficient levels of CORSIA-eligible credits to meet the demands of Phase 1 (2024-26), a representative from Guyana told a carbon industry conference.
Read MoreSwiss foundation ups 2030 international carbon credit buying target to 20 mln
The Klik Foundation plans to buy around 20 million international carbon credits under Article 6 by the end of 2030, up from an earlier forecast for 15 mln, according to presentation slides circulated Wednesday.
Read MoreGender equality can strengthen integrity of carbon credits, experts say
Developers can bolster the integrity of the carbon credits they sell by making sure there is gender equality across the design, implementation, and monitoring of their projects, according to experts.
Read MoreAI-powered climate tech firm discontinues VCM platform, services
An AI-powered climate tech company has shut down its online voluntary carbon market platform and halted access to its project data and other services.
Read MoreVoluntary carbon market can grow with clear regulation, firm contracts, and digitalised data, say experts
The voluntary carbon market has done a considerable amount of work to address criticisms over standards and environmental integrity, but now it needs the finance sector to help create the conditions for large-scale demand to trigger the investment required to scale up the market, according to speakers at a conference on Wednesday.
Read MoreVoluntary, Article 6 systems can co-exist without “competition” in bid to boost quality, says ICVCM co-chair
The regulators of the voluntary carbon market and the emerging administration of the UN’s Article 6 mechanisms may be covering the same broad territory in terms of setting standards for carbon credits, but should not be seen as competitors, according to a senior member of the ICVCM.
Read MoreAustralian outfit finds biodiversity credit demand in carbon partnership
An Australian project developer has sold 70,000 biodiversity credits over the past three months after striking a partnership with a carbon credit supplier to combine offerings.
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