World’s largest companies show limited progress towards Paris Agreement’s 1.5C goal, research finds
Global large- and mega-cap firms have shown minimal progress towards meeting the Paris Agreement’s climate goal of limiting global warming to 1.5C by 2050, according to new research.
Read MoreSwiss climate venture launches “biggest biochar project in Mexico”
A Switzerland-based climate solutions investor announced the launch of a biochar company to generate carbon dioxide removal (CDR) credits from an industrial-scale biochar facility in Mexico, according to a press release on Tuesday.
Read MoreGlobal North would owe South $170 trillion for overshooting carbon budgets -researchers
Researchers have proposed a solution for financing climate change mitigation by assigning financial responsibilities to nations based “rigorous ethical criteria”, and have calculated that through this approach the Global North would owe the Global South around $170 trillion.
Read MoreCanada-based carbon credit seller sees mid-June closure of African reforestation project deal
A Canadian-headquartered firm has attracted a number of potential buyers in a bidding process for carbon credits from one of its African reforestation projects, and is expecting to close its first major transaction by mid-June.
Read MoreNew carbon project developer raises seed funding from commodity trader
A new carbon project developer has raised $2 million in seed funding from trading and supply chain logistics company Kemexon, and opened offices in Mexico City and Geneva.
Read MoreCanadian nature-based VER developer aims to generate nearly 30 mln credits
A Vancouver-headquartered carbon credit developer on Wednesday announced it plans on generating almost 30 million VERs from four rewilding and mangrove forest preservation projects.
Read MoreVCM Report: Damning reports on REDD+ crush prices as buyers retreat
REDD+ avoided deforestation credit prices continued to sink over the past week in the wake of damning reports published in national newspapers about widespread over-crediting in the sector.
Read MoreGerman certification giant acquires North American GHG auditor
The US arm of a German certification giant has acquired a North American greenhouse gas auditing firm.
Read MoreMexico’s updated Paris target backslides on already-meagre GHG reduction commitment -watchdog
A more ambitious climate target in Mexico’s updated Paris Agreement commitment is actually worse than its previous insufficient target due to higher baseline emissions and selective accounting, a watchdog group said Monday.
Read MoreVCM Report: Value of trades falls sharply amid bargain-hunting
Prompt carbon credit prices edged lower over the past week, but the slight moves masked a much heavier bearish step identified by data aggregator AlliedOffsets, which flagged a slide in transactional value that likely reflects bargain hunting at the expense of fresher and more expensive vintages.
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