Swiss foundation ups 2030 international carbon credit buying target to 20 mln

Published 16:32 on December 4, 2024  /  Last updated at 16:32 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6

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.

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Gender equality can strengthen integrity of carbon credits, experts say

Published 16:23 on December 4, 2024  /  Last updated at 16:30 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, Voluntary

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. 

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AI-powered climate tech firm discontinues VCM platform, services

Published 13:08 on December 4, 2024  /  Last updated at 14:30 on December 4, 2024  / and /  Americas, Asia Pacific, Bavardage, EMEA, Nature-based, Voluntary

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.

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Voluntary carbon market can grow with clear regulation, firm contracts, and digitalised data, say experts

Published 12:36 on December 4, 2024  /  Last updated at 12:36 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Paris Article 6, Voluntary

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.

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Voluntary, Article 6 systems can co-exist without “competition” in bid to boost quality, says ICVCM co-chair

Published 10:32 on December 4, 2024  /  Last updated at 10:32 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary

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.

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Australian outfit finds biodiversity credit demand in carbon partnership

Published 09:58 on December 4, 2024  /  Last updated at 09:58 on December 4, 2024  /  Asia Pacific, Australia, Biodiversity, New Zealand, Voluntary

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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Most institutional investors target net zero, divided over role of carbon offsets -report

Published 09:56 on December 4, 2024  /  Last updated at 09:56 on December 4, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, US, Voluntary

Nearly two-thirds of asset owners and managers have committed to net-zero targets, yet opinions remain split on the role of carbon offsets in meeting these goals, according to a report released this week.

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Chinese papermaker secures contracts to grow carbon project pipeline

Published 08:39 on December 4, 2024  /  Last updated at 08:39 on December 4, 2024  / /  Asia Pacific, China

A Shanghai-listed forestry and paper company is gearing up for the expansion of its nature-based carbon business in China, with several new projects in the pipeline. 

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Govt panel says New Zealand can lower methane reduction ambitions

Published 08:35 on December 4, 2024  /  Last updated at 08:35 on December 4, 2024  / /  Asia Pacific, New Zealand

Even if the world meets its global 1.5C temperature target, New Zealand can get away with reducing methane emissions at the very low end of its legislated target, and even go below that if climate action elsewhere is less successful, a controversial government panel said Wednesday.

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Major biochar project to get grant funding in Western Australia

Published 07:31 on December 4, 2024  /  Last updated at 07:31 on December 4, 2024  / /  Asia Pacific, Australia, Nature-based, Voluntary

One of the world’s largest biochar carbon removals projects is among the five recipients to receive a total A$33.6 million ($21.7 mln) in concessional grant funding from the government of Western Australia, according to an official announcement.

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