Amazon to buy 2 mln South African carbon credits in long-term Spekboom restoration deal
Amazon will buy 1.95 million carbon removal credits from a large-scale ecosystem restoration project in South Africa, Bloomberg reported on Tuesday, as part of a an initiative that has also secured innovative financing through a $120 mln World Bank outcome bond.
Read MoreConservation projects gain access to Airbus’ satellite monitoring technology
The Airbus Foundation and the Connected Conservation Foundation (CCF) have selected wildlife conservation and restoration projects across Asia, Africa, and Latin America to receive access to advanced satellite technology, the organisations announced on Tuesday.
Read MoreBenin cookstove project secures €9 mln from carbon investment platform
A Benin-based improved cookstove project has secured €9 million from a new carbon investment platform backed by European development finance institutions, its developer announced Tuesday.
Read MoreWorld Bank drops climate financing targets, buckles under US pressure
The World Bank said it will scrap two headline climate financing targets, including its goal for 45% of financing to deliver climate benefits, as it shifts its focus from how much the bank spends on climate-related projects.
Read MoreCountries reaffirm commitment to bolstering energy efficiency by 2030
Countries have reaffirmed the importance of scaling up energy efficiency in a new action plan signed in Montreal this week at a conference hosted by the International Energy Agency (IEA), which includes reference to enhancing efficiency in data centres.
Read MoreNGOs propose global ‘no-go’ mining framework for environmentally and culturally sensitive areas
A coalition of civil society organisations has proposed a framework identifying areas that should be permanently off-limits to mining, arguing that stronger safeguards are needed to prevent irreversible environmental damage and human rights violations as demand for critical minerals accelerates.
Read MoreVCM REPORT: CORSIA futures slip further, CDM deadline approaches with approvals still low Â
CORSIA futures slipped marginally lower last week, with the benchmark now at a little above $9/tonne, while hundreds of carbon projects registered under the Kyoto Protocol’s Clean Development Mechanism (CDM) look set to miss a Tuesday deadline to enable their transition to the new Paris Agreement Crediting Mechanism (PACM). Â
Read MoreMost eligible CDM projects on course to miss out on Article 6 transition as deadline looms
The vast majority of carbon projects developed under the Kyoto Protocol’s Clean Development Mechanism (CDM) are set to miss a Tuesday deadline to enable them to transition to UN crediting under the Paris Agreement, leaving many legacy projects outside the new scheme.
Read MoreTanzania rejects claims carbon market deals surrender natural resources
Tanzania has rejected opposition claims that international carbon trading agreements amount to the sale or transfer of control over the country’s natural resources, insisting that its carbon market framework is designed to protect national sovereignty while generating new revenue.
Read MoreUN draft sets Article 6.4 first transfer, real-time reporting rules
The UNFCCC’s latest draft procedure for the Article 6.4 mechanism registry sets out requirements for real-time public reporting of registry activity, detailed first-transfer rules, and proposed account fees for the Paris Agreement Crediting Mechanism (PACM).
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