Investment in carbon credits hits record high as buyers shift focus -analysts
Early-stage capital invested in the carbon credit market reached a record $22 billion last year as more buyers sought to lock in price and quality, according to an analyst group.
Read MoreFEATURE: Uganda’s late-stage Sovereignty Bill could clamp down on carbon markets
A new Ugandan bill to crack down on foreign vested interests in the country, broadly defined, poses grave implications for carbon project development in the emerging hub, local and international experts have told Carbon Pulse.
Read MoreUK reportedly halves Green Climate Fund contribution amid aid spending cuts
The UK has reportedly slashed its contribution to the UN’s flagship climate finance vehicle by more than £800 million, in a move likely to deepen concerns among developing nations that wealthy countries are retreating from commitments to support the global energy transition and climate adaptation efforts.
Read MoreCDR markets must move beyond voluntary offsets, with govts, supply chains seen driving new demand -think tank
Carbon removal markets will need to expand far beyond today’s voluntary offset model if the sector is to scale to the levels required to meet global climate targets, a think tank has warned, pointing to governments and supply chains as potential new demand drivers as concerns grow over the market’s reliance on big tech buyers.
Read MoreVerra launches label for carbon credits tied to forest management certification
Verra has launched a new label for forest carbon credits generated by projects located on lands with a forest management certification.
Read MoreVerra announces vetted trio of data providers for ARR methodology benchmarks
Verra now has three new vetted third-party data providers to supply benchmark data for projects using its afforestation, reforestation, and revegetation (ARR) methodology, it announced Thursday.
Read MoreWorld oil demand falling drastically amid conflict in Middle East, says IEA
World oil demand is falling sharply due to the effective closure of the Strait of Hormuz, which is depleting global stocks at a record pace, the International Energy Agency (IEA) said Thursday.
Read MoreDRC transfers large rainforest to communities
The government of the Democratic Republic of Congo (DRC) is about to transfer 847,818 hectares of rainforest to Indigenous Peoples and Local Communities (IPLCs).
Read MoreUN climate chief hails China as climate leader, urges it to speed Asia coal phaseout
UN climate chief Simon Stiell on Thursday lauded China as a global climate leader and called on Beijing to help its region in phasing out coal amid mounting energy security challenges.
Read MoreZimbabwe blasts CORSIA decision as “direct attack” on African climate ambitions
Zimbabwe is pushing back on a UN decision and subsequent move by Gold Standard to stop marking certain credits from the country as eligible for the aviation scheme CORSIA, calling it a “direct attack” on African development and climate goals.
Read More