ASEAN can unlock $3 trillion revenue from carbon markets, analysis finds

Published 02:00 on December 5, 2024  /  Last updated at 15:48 on December 4, 2024  / /  Asia Pacific, Carbon Taxes, Nature-based, Other APAC, Voluntary

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.

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Mining industry faces tough road to decarbonisation amid surging demand for critical minerals -report

Published 00:22 on December 5, 2024  /  Last updated at 00:22 on December 5, 2024  /  Americas, Asia Pacific, EMEA, International

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.

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Carbon removal buyers club signs offtake agreement with South American biochar developer

Published 00:01 on December 5, 2024  /  Last updated at 16:28 on December 3, 2024  / /  Americas, Asia Pacific, EMEA, Japan, South & Central, Voluntary

A carbon removal buyers club on Thursday announced a multi-year CDR purchase agreement with a South American biochar producer.

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Clear demand signal needed to scale CORSIA carbon credit supply, says Guyana

Published 17:29 on December 4, 2024  /  Last updated at 17:29 on December 4, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, South & Central, Voluntary

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.

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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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