LATAM Roundup: Distress and opportunities as CORSIA, CO2 taxes, CBAM take root

Published 05:58 on December 9, 2024  /  Last updated at 05:58 on December 9, 2024  / /  Americas, Aviation/CORSIA, Carbon Taxes, CBAM, Mexico, Nature-based, South & Central, Voluntary

In a week that saw UN civil aviation body ICAO publish its technical report on the flagship CORSIA offsetting scheme, which is being incorporated into national regulations around the world, this and other compliance carbon pricing initiatives posed diverse challenges and opportunities around the LATAM region – from Trinidad and Tobago to Guyana, and Mexico to Brazil.

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State of Colima approves second-highest CO2 tax in Mexico

Published 23:31 on December 4, 2024  /  Last updated at 23:31 on December 4, 2024  / /  Americas, Carbon Taxes, Mexico

The Mexican state of Colima approved a new carbon tax Tuesday, making it the ninth state in the country to adopt such a policy.

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Mexico calls for $24 bln reforestation fund at G20 summit -media

Published 17:13 on November 25, 2024  /  Last updated at 17:13 on November 25, 2024  / /  Americas, International, Mexico, Nature-based, Voluntary

Mexican President Claudia Sheinbaum called for the launch of a global reforestation initiative at the G20 Leaders’ Summit last week that, under her vision, could boast a $24 billion budget.

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Mexican state launches biodiversity, carbon credit programme

Published 11:29 on November 22, 2024  /  Last updated at 11:29 on November 22, 2024  / /  Americas, Biodiversity, Mexico, Nature-based, Voluntary

A Mexican state has partnered with a Franco-Mexican environmental credit company to kickstart a programme aimed at advancing the local biodiversity and carbon market.

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Losses mount for carbon credit financier after it writes off two more projects

Published 02:58 on November 13, 2024  /  Last updated at 02:58 on November 13, 2024  /  Africa, Americas, Asia Pacific, Canada, EMEA, Mexico, Nature-based, South & Central, Voluntary

A Toronto-based carbon credit financier has seen its financial losses mount after it was forced to write off two more projects.

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US-based carbon registry posts update to its methodology combatting ozone-depleting gases

Published 22:39 on November 6, 2024  /  Last updated at 22:39 on November 6, 2024  / /  Americas, Canada, Mexico, US, Voluntary

A US-based carbon registry has posted changes to its methodology for earning voluntary carbon credits from transitioning to advanced refrigeration systems.

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Redesigning payments for forest conservation could boost cost-effectiveness, researchers find

Published 21:12 on November 3, 2024  /  Last updated at 21:12 on November 3, 2024  /  Africa, Americas, Asia Pacific, EMEA, International, Mexico, Nature-based, Other APAC, South & Central, US, Voluntary

New research suggests that redesigned contracts in forest conservation programmes could significantly reduce deforestation at a fraction of the usual cost.

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German cement plant receives €157 mln for CCUS upgrade

Published 20:13 on October 25, 2024  /  Last updated at 20:13 on October 25, 2024  / /  Americas, EMEA, Mexico, Voluntary

A consortium of two Mexican and European companies have received a €157 million ($170 mln) grant from the EU Innovation Fund to finance a carbon capture utilisation and storage (CCUS) project at a German cement plant, the companies announced Tuesday.

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Consultants urge Mexican project developers to integrate quality-improving measures at early stages

Published 01:07 on October 4, 2024  /  Last updated at 01:07 on October 4, 2024  / and /  Americas, Mexico, Nature-based, Voluntary

Mexican carbon consultants urged developers Thursday to begin integrating strategies to improve the integrity of carbon credits during the early stages of project development.

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US blockchain-based carbon platform announces Mexican franchise

Published 18:30 on October 2, 2024  /  Last updated at 18:30 on October 2, 2024  / /  Americas, Mexico, Nature-based, US, Voluntary

A Houston-headquartered blockchain carbon credit platform announced Wednesday the establishment of a franchise in Mexico as the company expands its presence in Latin America.

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