World Bank forest carbon programme makes record $111 mln in payments in 2024
The World Bank’s Forest Carbon Partnership Facility (FCPF) in FY24 disbursed a record $111 million from the Carbon Fund and made multiple arrangements to integrate its jurisdictional REDD+ (J-REDD) programmes into international markets as the fund’s closure looms in 2028.
Read MoreUS Democrats target 10-year extension of 45Z tax credit availability
A bill introduced by US lawmakers this week seeks to prolong the 45Z Clean Fuel Production Credit (CFPC) by 10 years, extending its availability through 2037.
Read MoreAI materials company secures funding to boost R&D in carbon removals, SAF, solar cells
A London-based firm that leverages AI to manufacture new materials has raised an undisclosed sum to accelerate research and development (R&D) of climate technologies, including sustainable aviation fuel (SAF), solar cells, and carbon removal, the company announced Tuesday.
Read MoreINTERVIEW: Carbon insurance startups ready to expedite CORSIA credit supply
Carbon insurance startups are primed to help ease any supply bottleneck of carbon credits eligible for use against the CORSIA international aviation offsetting scheme, even though it may take a long time before units are made available to buyers due to UN political risk requirements.
Read MoreCalifornia chemical technology firm raises $3 mln for 100% synthetic SAF production
A fuel technology company based in California announced seed funding of $3 million on Tuesday for a patented process that enables 100% synthetic sustainable aviation fuel (SAF) production.
Read MoreINTERVIEW: South Pole ushers in new era with pivot to carbon removals, Article 6
Carbon asset developer and consultancy South Pole has emerged following a significant period of transition and is preparing for a new phase, with a focus on carbon removals and Article 6 markets, its CEO told Carbon Pulse.
Read MoreVCM Report: Buyers lack appetite after cookstove scandal, hopes pinned on Baku
A rush of retirements, including from two large French companies, failed to lift the market in the wake of fraud allegations directed at C-Quest Capital last week, after Verra said the cookstove project developer was issued millions of bogus carbon credits, keeping general buying interest at bay.
Read MoreCarbon registry updates its high integrity standard, aligns with CORSIA and ICROA
A carbon registry has updated its high integrity carbon standard and aligned its programme with CORSIA and International Carbon Reduction and Offset Alliance (ICROA), it announced on Friday.
Read MoreBRIEFING: ‘Please regulate’ – Financiers cry out for greater standardisation in carbon removals market
Bankers want regulators to set standards for the emerging carbon removals market, saying this is the only way to create the trust necessary to generate liquidity and unleash investments in the nascent industry.
Read MoreUS DOE commits nearly $3 bln in conditional loans to expand SAF production
The US Department of Energy (DOE) announced conditional loans totalling nearly $3 billion to two biofuel producers with the goal of expanding sustainable aviation fuel (SAF) and renewable diesel (RD) output.
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