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Carbon credit ratings firm BeZero Carbon raises $50 mln for global expansion

Published 00:01 on November 14, 2022 / Last updated at 18:04 on November 11, 2022 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, New Zealand, South Korea, Switzerland, US, Voluntary

BeZero Carbon has secured $50 mln in second round funding as it seeks to establish itself as the market leading ratings agency in the global voluntary carbon market.

CP Daily: COP27 Midpoint Special

Published 23:28 on November 13, 2022 / Last updated at 23:36 on November 13, 2022 / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Kyoto Mechanisms, Mexico, Middle East, Nature-based, New Zealand, Newsletters, Other APAC, Paris Article 6, South & Central, South Korea, Switzerland, US, Voluntary

We’re halfway through COP27 and there’s been no shortage of news and announcements from this year’s UN climate talks in Sharm el-Sheikh. Below is a recast of the *44 articles* published by Carbon Pulse relating to the first week of the summit.

COP27: Carbon market players exasperated over prospect of Article 6.4 grievance mechanism, as parties “far apart” on issues

Published 10:22 on November 13, 2022 / Last updated at 05:26 on November 14, 2022 / Mark Tilly / Africa, Americas, Asia Pacific, Australia, China, EMEA, Japan, Mexico, Middle East, Nature-based, New Zealand, South Korea, Switzerland, US, Voluntary

Carbon market players have raised long-running concerns about the prospect of a grievance mechanism being designed under Article 6.4 of the Paris Agreement at COP27 in Sharm el-Sheikh, as little progress was made by parties Saturday.

COP27: Roundup for Day 5 – Nov. 11

Published 23:03 on November 11, 2022 / Last updated at 01:42 on November 12, 2022 / Mark Tilly / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, International, Japan, Mexico, Middle East, New Zealand, Paris Article 6, South Korea, Switzerland, US, Voluntary

It’s Friday – Decarbonisation Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse rounds up today’s other, related news from the summit. Timestamps in local time (EEST, GMT+2).

COP27: Roundup for Day 4 – Nov. 10

Published 23:09 on November 10, 2022 / Last updated at 06:03 on November 11, 2022 / Ben Garside / Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, New Zealand, Other APAC, Paris Article 6, South Korea, Switzerland, US, Voluntary

It’s Thursday – Science Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with related developments throughout the day. Timestamps in local time (EEST, GMT+2).

Rating agency slightly downgrades two hydro projects in India

Published 18:36 on November 10, 2022 / Last updated at 12:31 on November 11, 2022 / Paddy Gourlay / Africa, Americas, Asia Pacific, Australia, Canada, China, EMEA, International, Japan, Mexico, Middle East, Nature-based, New Zealand, South & Central, South Korea, Switzerland, US, Voluntary

A rating agency has slightly downgraded its scores for two Verra-accredited hydropower projects in India, although both grades still give a moderate chance of achieving or removing a tonne of CO2 per credit.

California DEBs offset pool jumps by a quarter with addition of Arizona-based credits

Published 23:39 on November 9, 2022 / Last updated at 23:39 on November 9, 2022 / Joan Pinto / Americas, Canada, International, Mexico, US, Voluntary

California regulator ARB issued the lowest number of compliance offsets since mid-July for the latest reporting period, but tagged more than 11 mln credits from an Arizona forestry project with the distinction of accruing direct environmental benefits to the state (DEBs), according to government data published Wednesday.

COP27: Roundup for Day 3 – Nov. 9

Published 22:38 on November 9, 2022 / Last updated at 23:20 on November 9, 2022 / Mark Tilly / Africa, Americas, Asia Pacific, Australia, Aviation/CORSIA, Canada, China, Climate Talks, EMEA, EU ETS, International, Japan, Mexico, New Zealand, Other APAC, Paris Article 6, South Korea, Switzerland, US, Voluntary

It’s Wednesday – Finance Day – at COP27 in Sharm el-Sheikh, and Carbon Pulse will keep you updated with developments throughout the day. Timestamps in local time (EEST, GMT+2).

ANALYSIS – COP27: US climate envoy’s carbon market concept battles three thorny issues

Published 20:33 on November 9, 2022 / Last updated at 23:09 on November 9, 2022 / Katherine Monahan / Africa, Americas, Asia Pacific, Australia, Canada, China, Climate Talks, EMEA, International, Japan, Mexico, Middle East, New Zealand, Other APAC, Paris Article 6, South & Central, South Korea, US, Voluntary

A new global carbon market concept pushed by the US on Wednesday is bracing to battle at least three thorny issues that have plagued carbon credit markets in the voluntary space over the years, including their use towards net zero targets, preventing carbon leakage, and benefiting the most vulnerable.

COP27: Rights experts want Article 6.4 grievance mechanism with teeth in place before carbon credit issuances start

Published 18:16 on November 9, 2022 / Last updated at 18:16 on November 9, 2022 / Mark Tilly / Africa, Asia Pacific, Climate Talks, Mexico, Middle East, Nature-based, Other APAC, Paris Article 6, Voluntary

Experts have urged the supervisory body on Article 6.4 to ensure the proposed grievance process, or mechanism, has teeth, is designed by landholders, and has key transparency assurances, as efforts are underway to establish it in time for the beginning of credit issuances in 2025.

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