Japan-led JCM faces hurdles, but NbS may offer a path forward, paper says
The effectiveness of the Joint Crediting Mechanism (JCM) remains constrained by institutional complexity and insufficient partner engagement, but Tokyo’s move to scale up nature-based projects may address the issue of limited credit issuance, a new paper argued.
Read MorePapua New Guinea unveils enhanced NDC, secures €2.1 mln in EU climate funding
Papua New Guinea has set a pathway to reach net zero emissions by 2030 and become net-negative by 2035 under a near-final update to its national climate pledge, while simultaneously securing new EU funding to strengthen climate finance, forest monitoring, and biodiversity governance.
Read MoreLACS26: INTERVIEW – Verra sees Misiones approval as slingshot for new wave of jurisdictional REDD+ programmes
Several governments across Latin America and the Caribbean are studying how to replicate Argentina’s Misiones programme after it became the first jurisdictional REDD+ initiative approved under Verra’s Jurisdictional and Nested REDD+ (JNR) Framework, the standard’s regional representative told Carbon Pulse.
Read MoreMining drives 34 times more offsite forest loss than direct clearing in sub-Saharan Africa -study
Mining activities across sub-Saharan Africa have triggered far more deforestation beyond mine boundaries than within them, with every hectare of forest directly cleared for mining associated with nearly 34 additional hectares of offsite forest loss, according to a new study.
Read MoreCanada announces C$130 mln for forest sector transformation projects
Natural Resources Canada (NRCan) has awarded C$130 million ($93.6 mln) in federal funding to 56 forestry innovation projects, ranging from new low-carbon wood technologies, to supporting Indigenous participation and forest-sector businesses.
Read MoreFAO guidance seeks alignment on tree crop mapping data
New guidance published this week seeks to improve the consistency and transparency of spatial data used to monitor deforestation-linked commodity supply chains.
Read MoreCarbon standard, forestry researchers partner to strengthen nature-based crediting
A Global South-focused carbon crediting standard is partnering with forestry researchers to strengthen the environmental integrity of nature-based credits in carbon markets, the two sides announced on Wednesday.
Read MoreOffsets firm founder sentenced to 14 years in US prison over $248 mln fraud scheme
A co-founder of a California-based carbon offsets developer and fintech startup has been sentenced to 14 years in a US prison after admitting to a years-long fraud scheme that prosecutors said caused $248 million in losses to lenders and investors.
Read MoreIETA proposes hybrid Article 6 model for Brazil, retaining half of mitigation outcomes at home
Brazil should consider an Article 6 strategy that allows the export of carbon credits while retaining 50% of mitigation outcomes for domestic climate targets, carbon trading industry group IETA said in a new report.
Read MoreBenin eyes carbon markets to help deliver new Paris climate plan
Benin has raised its climate ambition under a newly submitted Nationally Determined Contribution (NDC), pledging to cut greenhouse gas emissions by one-third over the next decade while positioning itself to tap international carbon markets under Article 6 of the Paris Agreement.
Read More