INTERVIEW: New standard body EE looks to revive REDD market with fresh approach
Few markets have faced as severe a reputational battering as the REDD+ avoided deforestation sector in the last couple of years, but new standard body Equitable Earth (EE) plans to restore faith in saving tropical forestry with a fresh approach that is already set to protect an area the size of Portugal, the chief executive told Carbon Pulse this week.
Read MoreLCAW26: Financial institutions endorse TFFF ahead of COP17
Twelve investors and one supporter have endorsed the Tropical Forests Forever Facility (TFFF), sharing a joint statement at London Climate Action Week (LCAW) and calling for more signatories ahead of the UN’s upcoming biodiversity talks in October.
Read MoreLCAW26: New mechanism to mitigate very long-term project risk launching this year
Mitigating reversal risk in carbon markets beyond the standard project life horizon will be possible with a new market-wide ‘Permanence Trust’ mechanism to be piloted later this year, said experts at London Climate Action Week.
Read MoreGlobal business leaders look to sustainability for competitiveness, call for policy certainty across economies -report
The majority of senior leaders across more than 500 global businesses expect sustainability to be a source of competitive advantage over the next five-10 years, according a CEO-led, global business group.
Read MoreNature-based solutions fund raises €124 mln in first close
A new fund aiming to scale up nature-based solutions has raised €124 million in a first close, with a target of sequestering at least 7 mln tonnes of CO2 over 25 years.
Read MoreEU leaders told to keep their hands off nature as competitiveness debate intensifies
WWF has urged EU environment ministers to reject what it called the “false trade-off” between environmental protection and economic competitiveness, warning that weakening nature laws would increase costs for businesses.
Read MoreUK falling behind EU on nature protection since Brexit -report
Many of Great Britain’s environmental laws have been weakened since Brexit following a policy of deregulation, while the country has fallen behind the EU in some areas, a report said on Tuesday.
Read MoreBloomberg Philanthropies pledges $260 mln to ocean protection
Bloomberg Philanthropies has allocated $260 million to expand ocean conservation worldwide, including in the high seas.
Read MoreLCAW26: Nature-based carbon projects face catch 22, report says
Project developers working on nature-based carbon are trapped within a structural catch 22 whereby an offtake is necessary to receive investment, but funding is required to secure an offtake, according to a report launched at London Climate Action Week (LCAW) on Monday.
Read MoreLCAW26: Asset manager hits back at Verra CEO’s claim standardisation would grow biodiversity credit market
An asset manager focused on tropical forest protection pushed back against Verra at London Climate Action Week (LCAW) on Monday, disputing the crediting standard’s claims that the emerging biodiversity credit market needs greater standardisation to grow.
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