Big investors are waiting for carbon removal developers to prove their record
Startup carbon removal developers will struggle to attract large sums of capital in the coming years, as institutional investors remain wary of projects that lack offtake agreements and proven results, finance experts told a conference in London on Wednesday.
Read MoreAirline demand trails growth in CORSIA carbon credit supply, new analysis finds
New analysis has revealed a widening imbalance between the supply of carbon credits eligible under the aviation industry’s CORSIA offsetting scheme and still-limited airline demand.
Read MoreFEATURE: Companies face EU “CBAM chaos”, with high fees for ‘default’ emission values
Companies worldwide are scrambling to prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), but many still do not know whether they will be able to use verified plant-level emissions data or be forced to rely on punitive default values – a distinction experts say could determine whether exporters remain competitive in Europe at all.
Read MoreNew ITMO registry for Article 6 trade seeks to mop up CDM carbon credits
A carbon platform has launched a specific ITMO registry ahead of the closure of the UN’s Clean Development Mechanism (CDM), while also claiming voluntary players will have the “lowest cost” for trading credits that have been granted approval for Article 6 trade under the Paris Agreement.
Read MoreMultilateral facility supported ITMO generation potentially worth over $500 mln in 2025
A South Korea-based multilateral climate finance facility last year supported mitigation programmes that could generate over $500 million in Internationally Transferred Mitigation Outcomes (ITMOs), also hitting other milestones, according to its annual report.
Read MoreBRIEFING: COP30 presidency advances on roadmap to halt deforestation, seeks global contributions
The Brazilian COP30 presidency is pushing forward with the development of a roadmap to halt and reverse deforestation and forest degradation by 2030, with the first consultations starting in New York on Monday on the margins of the 21st Session of the UN Forum on Forests (UNFF21).
Read MoreVCM REPORT: Mangrove carbon credits surge to record high
High-rated mangrove restoration credits surged to record highs last week amid an uptick in demand for quality nature-based units, while the Integrity Council for the Voluntary Carbon Market (ICVCM) said another standard body and another methodology met its Core Carbon Principles (CCP) bar.
Read MoreCookstove developer expands into Uganda, eyeing Article 6 carbon credits
A clean cookstove developer is expanding into Uganda, beginning with the delivery of 10,000 improved cookers to rural communities, it announced on Monday.
Read MoreForest goals progress insufficient as 2030 deadline nears -UN report
Global progress on forest conservation remains uneven, with continued tree cover loss and financing gaps threatening efforts to meet 2030 goals, a UN assessment said.
Read MoreFive countries set out Article 6.4 priorities in UN filings
Five developing nations have outlined activities they may approve under the Paris Agreement’s Article 6.4 crediting mechanism, with most placing forestry, land use, agriculture, waste methane, and renewables among their main areas of interest.
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