Int’l carbon markets at ‘inflection point’, progress urgently needed on Article 6, says World Bank

Published 11:00 on September 10, 2024  /  Last updated at 11:31 on September 10, 2024  / /  Americas, Asia Pacific, EMEA, International, Nature-based, Paris Article 6, Voluntary

International carbon markets are at a crossroads with tangible progress now desperately needed on Article 6, as well as from voluntary integrity initiatives, according to a report from the World Bank published Tuesday.

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Significant role for government to scale CDR supply and demand -report

Published 10:00 on September 10, 2024  /  Last updated at 04:05 on September 10, 2024  / /  Americas, EMEA, International, Voluntary

Monitoring, reporting, and verification (MRV) practices to effectively scale the carbon removal (CDR) market will require collaborative efforts, underpinned by government guidelines, according to a paper featuring perspectives from voluntary CDR buyers, policymakers, and academics.

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Loss and Damage Fund access, contributions should be based on country emissions, think tank says

Published 09:25 on September 10, 2024  /  Last updated at 09:25 on September 10, 2024  / /  Africa, Americas, Asia Pacific, China, Climate Talks, EMEA, International, Other APAC, South & Central

The recently established Loss and Damage Fund (LDF) should adopt a clear allocation mechanism based on countries’ emissions contributions, among other criteria, according to an Australian think tank’s analysis.

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Scientists outline strategic approach for responsible but urgent exploration of ocean iron fertilisation as climate solution

Published 01:08 on September 10, 2024  /  Last updated at 01:08 on September 10, 2024  /  Americas, Asia Pacific, EMEA, Nature-based, US, Voluntary

A team of international researchers has outlined a strategic approach to urgently evaluate the controversial and scientifically unproven practice of large-scale ocean iron fertilisation (OIF) as a potential method to remove CO2 from the atmosphere.

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Researchers use AI, satellite images to enhance forest carbon mapping

Published 23:39 on September 9, 2024  /  Last updated at 23:39 on September 9, 2024  /  Americas, Asia Pacific, EMEA, Nature-based, Voluntary

Researchers have made advances in estimating forest carbon stocks by using artificial intelligence (AI) and satellite imagery, potentially transforming efforts to monitor and manage forest carbon globally.

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Global chemical company completes fourth divestiture in sale of methanol business

Published 22:42 on September 9, 2024  /  Last updated at 22:42 on September 9, 2024  / /  Americas, Canada, EMEA, US, Voluntary

A European-headquartered chemical company on Monday announced a $2.1 billion deal to sell its methanol subsidiary, completing its fourth divestment in the last 10 months.

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Carbon removal platform restructures, appoints CEO

Published 20:08 on September 9, 2024  /  Last updated at 20:08 on September 9, 2024  / /  Americas, Asia Pacific, EMEA, International, Voluntary

A carbon removal data platform has announced it has become a Public Benefit Corporation (PBC) and brought in a new CEO.

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Govt departments need to work better together for success in Article 6, says Ghana

Published 19:56 on September 9, 2024  /  Last updated at 19:56 on September 9, 2024  / /  Africa, EMEA, International, Paris Article 6, Voluntary

Countries hoping for success in Article 6 need to design government departments to work better together, a key figure in the development of Ghana’s Article 6 framework said on Monday.

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Qatar-based carbon registry announces large issuance to South American renewables project

Published 19:44 on September 9, 2024  /  Last updated at 19:44 on September 9, 2024  / /  Americas, EMEA, Middle East, South & Central, Voluntary

A carbon registry headquartered in Qatar has announced its first issuance of 800,000 units to a South American renewable energy project.

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DATA DIVE: Half of voluntary carbon credits retired this year are at least five years old

Published 18:07 on September 9, 2024  /  Last updated at 18:07 on September 9, 2024  / /  Americas, Asia Pacific, Data Dive, EMEA, International, Nature-based, Voluntary

Half of credits retired from the four main registries of the voluntary carbon market this year are at least five years old, according to new data analysis from Carbon Pulse.

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