Launch of carbon removal offtake call from reforestation in Colombia
Some 1 million carbon removal units are available from 2030 from a reforestation project in Colombia, according to a call for offtake launched by a project developer and climate consultancy.
Read MorePortugal registers first project under national VCM
An afforestation initiative has become the first-ever project to register on Portugal’s voluntary carbon market (VCM) platform, launched last October.
Read MoreNewly-launched forest conservation finance vehicle seeks $50 mln for community-led projects
A forest finance facility launched Friday is targeting an initial $50 million raise to provide early-stage and continuity capital for Indigenous and traditional community-led forest conservation projects.
Read MoreMultilateral forest facility’s investment arm finds host in Luxembourg
The investment arm of the Brazilian COP30 presidency’s flagship Tropical Forest Forever Facility (TFFF) will be hosted in Luxembourg, the TFFF’s newest contributor, it was revealed Friday.
Read MoreEU set to integrate carbon removals into national climate goals for the first time
Member states will for the first time be able to use EU-certified permanent carbon removal credits to meet their national climate targets for agriculture, forestry, and other non-ETS sectors under proposals due to be presented later this year, a senior official has said.
Read MoreCEE Roundup: New Bulgarian government may add to regional pushback on EU climate rules
Last month’s change of government in Bulgaria could sharpen Sofia’s tone on EU climate policy, adding to wider Eastern European pressure for more flexibility on carbon costs, industrial rules, and border carbon fee exposure.
Read MoreCanadian timber company reports emissions cuts, $13.3 mln in credit revenues
A Canadian-headquartered forestry company this week reported progress towards its climate targets, including lower emissions and new revenues from carbon market activities, in its latest sustainability report.
Read MoreNatural forest expansion sequesters more carbon than secondary forests in tropics -study
Natural forest expansion across the moist tropics has sequestered more above-ground carbon than secondary forests, but the sink remains far smaller than emissions from tropical forest loss, according to a new study.
Read MoreEU needs to find “middle ground” for CORSIA credit eligibility, says rating agency
EU-approved CORSIA Phase 1 supply, based on provisional eligibility criteria, could reach as many as 160 million credits across the three-year period, according to a rating agency, but the company urged that Brussels takes a more moderate stance as this total is unlikely to be anywhere near as high in reality.
Read MoreColombian draft decree conditions carbon market continuation on emerging systems
Colombia has published a draft carbon markets decree addressing technical and safeguarding concerns with tools that don’t yet exist, also imposing new responsibilities on domestic and international entities, but leaving key implementation questions open.
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