FEATURE: Carbon projects with hard currency needs face FX risk

Published 17:51 on September 6, 2024  /  Last updated at 16:08 on September 6, 2024  / Alejandra Padin-Dujon /  Americas, Asia Pacific, EMEA, International, South & Central, Voluntary

Fluctuations in foreign exchange (FX) markets affect emerging economies engaged in the voluntary carbon market (VCM), and can threaten proponents’ access to finance, even as sustainable development projects continue to rely on outside hard currencies.

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AI could expand access to carbon markets for sustainable rice farming, says report

Published 16:36 on September 6, 2024  /  Last updated at 16:36 on September 6, 2024  / Dimana Doneva /  Asia Pacific, EMEA, International, Nature-based, Other APAC, Voluntary

Artificial intelligence (AI) holds the potential to lower barriers to accessing carbon finance for sustainable rice projects, according to a new report.

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Former Gabon environment minister beefs up board of CTrees

Published 16:34 on September 6, 2024  /  Last updated at 16:34 on September 6, 2024  / Paddy Gourlay /  Africa, Americas, Asia Pacific, EMEA, International, Nature-based, Voluntary

Lee White, the former environment minister of Gabon in central Africa who was briefly placed under house arrest in August last year amid a miliary coup, has been appointed to the board of directors of CTrees.

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Experts call for COP16 to address Amazon crimes destroying nature

Published 14:59 on September 6, 2024  /  Last updated at 14:59 on September 6, 2024  / Thomas Cox /  Americas, Biodiversity, International, South & Central

Experts on the Amazon have urged action from politicians at the COP16 conference to combat the policies fuelling demand for products from activities like gold mining that are driving biodiversity loss.

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Investors should start with materiality when addressing Scope 3 emissions -report

Published 14:48 on September 6, 2024  /  Last updated at 14:48 on September 6, 2024  / Dimana Doneva /  EMEA, International, UK ETS, Voluntary

Financiers should adopt a materiality-based approach when addressing the Scope 3 emissions of assets, according to a report published this week.

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Wetland restoration project in Italy to sell biodiversity tokens, two European companies to buy

Published 13:39 on September 6, 2024  /  Last updated at 13:39 on September 6, 2024  / Sergio Colombo /  Biodiversity, EMEA, International

A wetland restoration project in Italy is set to generate the first batch of tokenised biodiversity credits, with two large European companies ready to buy them, Carbon Pulse has learned.

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INTERVIEW: Navigating the imminent CORSIA carbon credit supply crunch

Published 13:36 on September 6, 2024  /  Last updated at 13:36 on September 6, 2024  / Dimana Doneva /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

As the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) entered its first phase in 2024, airlines are grappling with an imbalance in the supply and demand of carbon credits – a challenge that could well continue into the second phase, according to one expert.

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VCM MONTHLY DATA: Olympics lift August voluntary carbon retirements to break seasonal trend

Published 13:35 on September 6, 2024  /  Last updated at 13:35 on September 6, 2024  / Nick Ferris /  Americas, Asia Pacific, Data Dive, EMEA, International, Nature-based, Voluntary

Credit retirements across the four main registries in the voluntary carbon market saw an unseasonal boost in August, driven by strong activity from the Paris 2024 Olympic and Paralympic Committee.

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Indian developer signs Ghana deal for Paris-aligned cookstoves carbon project

Published 11:49 on September 6, 2024  /  Last updated at 11:49 on September 6, 2024  / Nikita Pandey /  Asia Pacific, EMEA, International, Other APAC, Paris Article 6, Voluntary

An Indian developer has partnered with the government of Ghana and a Singapore-based asset management fund for the production and distribution of 1 million improved cookstoves across the African nation over the next five years, the company announced this week.

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Australia’s Climate Change Authority to hold off advising 2035 target until after US election

Published 02:05 on September 6, 2024  /  Last updated at 05:48 on September 6, 2024  / Mark Tilly /  Asia Pacific, Australia, Climate Talks, International

The Chair of Australia’s Climate Change Authority (CCA) has told local media it will not provide its official advice regarding the country’s 2035 Nationally Determined Contribution (NDC) until after the US election, media reported Thursday.

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