British government leading public-private initiative to bring carbon trading to COP29 host Azerbaijan
The UK government is leading a public-private initiative to launch a carbon market in Azerbaijan, where this year’s annual UN climate summit will be held.
Read MoreQatari, Japanese climate institutes sign agreement to facilitate global Article 6 readiness
A Qatar-based research and development (R&D) centre has signed an MOU with a Japanese think tank to accelerate carbon trading under the Paris Agreement, the pair announced on Sunday.
Read MoreEgypt’s voluntary carbon market set to open pending regulatory approval of new rules
Egypt’s voluntary carbon market (VCM), two years in the making, is poised to open once the country’s Financial Regulatory Authority (FRA) approves trading rules by the Egyptian Stock Exchange (EGX) and settlement rules by clearing house Taswyaat, both put out this week.
Read MoreMorocco’s Article 6 protocols enter final design phase -media
Morocco’s frameworks to support sovereign carbon trading are being finalised, according to local media sources.
Read MoreFintech startup adds Islamic finance expert after securing fatwa for voluntary carbon product
A startup focused on exchange-traded voluntary carbon investment products has hired an Islamic finance professional two months after securing a fatwa establishing that the firm’s product complies with shariah, according to a press release issued Monday.
Read MoreUAE fintech partners with Sri Lankan developer to deliver biodiversity, oxygen credits next month
A Dubai-headquartered fintech firm has teamed up with a Sri Lanka-based project developer to generate and issue biodiversity and oxygen credits within a pilot restoration project in the Belipola private forest.
Read MoreUN explores repurposing CDM-based online offset platform for Paris era
The UNFCCC is considering repurposing its voluntary offset platform, which is supplied by Kyoto-era credits, in order to support the new carbon credit generation mechanism under the Paris Agreement.
Read MoreSaudi university teams up with materials firm to explore carbon removal solution
A materials science company and a research institution based in Saudi Arabia have announced a year-long research and development partnership focused on CO2 removal via concrete, aimed at generating voluntary carbon credits.
Read MoreWorld Bank announces $700 mln loan for Egypt to develop domestic carbon market, green transition
The World Bank will award $700 million in loans for Egypt to support a greener growth trajectory, including the establishment of a voluntary carbon market (VCM) regulatory framework, according to a release Monday.
Read MoreUN doubles down on call for ‘solidarity levies’ from polluting industries
Countries need to look to new sources of climate finance including “solidarity levies” on sectors such as shipping, aviation, and fossil fuels extraction, the UN’s special adviser on climate change said on Tuesday.
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