GEF approves $144 mln for climate, nature projects
The Global Environment Facility (GEF) trust fund has approved $144.3 million for 16 climate and nature-positive projects around the world that are expected to mobilise more than $828 mln in co-financing.
Read MoreChile forest carbon reporting in accordance with UN rules, assessment finds
Chile’s efforts to reduce emissions from deforestation and forest degradation have received a positive assessment from UN climate experts, who concluded that the country’s reported forest-sector emissions reductions are largely transparent, consistent, and in line with international reporting requirements.
Read MoreINTERVIEW: Nature tech startup looks to spread agroforestry carbon projects in Angola
A nature intelligence startup is working with Angolan land stewards to develop large-scale agroforestry initiatives in the country, using its technology to screen potential projects and reduce the risk of early-stage investment, just as the government begins building its carbon market framework.
Read MoreLATAM Roundup: Article 6 snaps up tech-based solutions as REDD+ keeps grip on VCM
For now, technology-driven activities dominate Latin America’s Article 6.2 Letters of Authorisation (LoAs), in a departure from the REDD-heavy profile of the local voluntary market (VCM) – but jurisdictional REDD+ (J-REDD+) is poised to flood both systems, Carbon Pulse has reported.
Read MorePCF26: FEATURE – Carbon finance in Peru should complement int’l aid, officials and partners say
Peru’s carbon market should be self-sustaining instead of relying excessively on foreign aid, without necessarily replacing international funds, officials and institutional partners told Carbon Pulse this week at the Peru Carbon Forum in Lima.
Read MoreColombian ARR project receives issuance of first 230k removal credits
An afforestation project in eastern Colombia has completed its first verified issuance after seven years under development, with backers aiming to expand the planted area and bring additional volumes to market.
Read MoreBRIEFING: Campaigners pose three quality approaches for use of international credits in EU
The European Union should adopt a hybrid approach when considering the quality of international credits that could count towards its 2040 emission reduction target, using self-set principles to assess against the Paris Agreement Crediting Mechanism (PACM) and other quality benchmarks, two non-profits said this week.
Read MoreIndonesia’s mangrove finance growth hinges on transaction readiness -report
Indonesia’s mangrove financing has grown more complex, backed by public budgets, international partnerships, and market mechanisms, but scaling up will depend on making projects transaction ready, a report said.
Read MoreUS oil company retires forest credits from Guyana worth $250 million
A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.
Read MorePoland could deliver 45 Mt of removals by 2050, driven mainly by nature-based solutions -report
Poland is projected to have around 45 million tonnes of carbon removal (CDR) potential in 2050 under a high-ambition scenario, led by ecosystem enhancement such as afforestation and peatland restoration, while its abundant biomass resources could support pathways like biochar, according to a climate non-profit.
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