LCAW25: INTERVIEW – Verra’s latest consultation looks to push insurance, renewables in more countries
Verra is seeking views on its plans to allow project developers to manage their risks with insurance, and to widen its list of countries eligible for renewable energy projects – as part of a new consultation on its updated carbon standard, the organisation’s CEO said in an interview.
Read MoreSoaring energy use, weak accounting undermine tech sector’s net zero plans -report
The climate strategies of major tech companies are becoming increasingly unfit for purpose, as rising energy demand from artificial intelligence (AI) and reliance on outdated accounting rules cast doubt on their ability to meet net zero goals, an analysis published Wednesday has found.
Read MoreBRIEFING: Brazil risks falling behind on Article 6, stakeholders warn
Brazil’s current approach leaves it lagging in the race to supply Internationally Transferred Mitigation Outcomes (ITMOs) under Article 6 of the Paris Agreement, stakeholders said at a conference this week.
Read MoreBurying forest waste unlocks a large-scale CDR opportunity to reach net zero in US -study
Academic research established that burying woody debris from forests for 100 years could keep as much as 769 billion tonnes of CO2 from the atmosphere between 2025 and 2100, and the carbon removal (CDR) solution can be further maintained for thousands of years.
Read MoreChilean high council approves draft NDC, biodiversity offsetting regulation
Chile’s Nationally Determined Contribution (NDC) climate targets on Wednesday secured late-stage approval by a high-level council of ministers, who simultaneously gave the green light to a regulation on biodiversity offsetting.
Read MoreLCAW25: Outcome bonds set to launch to preserve intact forests in remote locations
A global non-profit expects to soon launch as many as three outcome bonds linked to maintaining the ecological integrity of remote rainforests far from corporate supply chains, which otherwise fall outside the scope of the voluntary carbon market, an event heard in London on Wednesday.
Read MoreBrazilian developer invests in UK-headquartered climate tech firm to scale soil carbon portfolio
Brazilian carbon project developer Carbonext has acquired a minority stake in a UK-headquartered climate tech firm, aiming to diversify its project portfolio and scale regenerative agriculture practices amid growing demand for high-quality carbon removals credits.
Read MoreOwner of TikTok buys 100k carbon credits
One of China’s largest technology companies, and the owner of the social media platform TikToK, has bought more than 100,000 tokenised carbon credits.
Read MoreMicrosoft buys millions more in nature-based carbon removal credits
Technology company Microsoft has unveiled yet another large forward-purchase deal for large-scale carbon removal, inking a 10-year contract for around 5 million improved forest management (IFM) credits.
Read MoreAsian forest carbon valued at average $1,632 per hectare -analysis
The economic value of forest carbon across Asia averages $1,632 per hectare, according to a new meta-analysis, as the researchers urge policymakers to integrate forest carbon valuation into climate mitigation and land-use strategies.
Read More