CDR demand to outstrip supply fivefold by 2036 -report
Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.
Read MoreMongolia passes first climate change law
Mongolia’s parliament has passed the country’s inaugural law on climate change, creating a legal framework to curb emissions, build climate resilience, and advance the carbon market.
Read MoreIndonesia’s flagship carbon project resumes issuance with 20 mln credits
Indonesia’s flagship project on avoided deforestation re‑entered the global carbon market with the verification of 20 million credits, one of the project managers said.
Read MoreCanadian national carbon credit framework pledged under new multi-billion dollar prosperity agreement
British Columbia and Canada signed a multi-billion dollar prosperity agreement, including a commitment to develop a multilateral National Carbon Credit Framework.
Read MoreFEATURE: Corporate non-market environmental donations are picking up, driven by employees and business value -experts
Voluntary giving by companies to environmental outcomes outside of formalised markets is starting to pick up this year after a few years of lacklustre growth, with more willingness to go public on action, and for reasons of talent acquisition and business value, according to experts in the field.
Read MoreThe Philippines launches first policy framework for nature-based solutions
The Philippines has launched its first-ever national nature-based solutions (NbS) policy framework and catalogue, as the Southeast Asian country seeks to unlock more investment.
Read MoreCarbon ratings agency deepens Japan expansion with new partnership
A carbon ratings agency on Friday partnered with a Japanese developer to launch an initiative to improve transparency around the quality of forest carbon credits.
Read MoreGuyana pledges 32.7 MtCO2e annual emissions cut in UN targets, all from forest carbon
Guyana has released its third Nationally Determined Contribution (NDC) to the Paris Agreement, in which it pledges to reduce forest carbon emissions by 32.7 million tonnes CO2e per year by 2030, depending on carbon finance.
Read MoreUPDATE – Carbon credit insurers receive Verra approval for durability pilot
A Zurich-headquartered carbon credit insurer has received Verra approval for its reversal insurance under the standard’s durability pilot initiative.
Read MoreBrazilian development bank seeks buyers for R$6 bln in reforestation carbon credits
Brazil’s National Bank for Social and Economic Development (BNDES) launched a public call on Thursday to attract large companies interested in buying carbon credits from reforestation in the Amazon Rainforest.
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