Environmental groups challenge EU’s new carbon removal rules over ‘greenwashing’ risks
A coalition of environmental NGOs has triggered an internal review of the European Commission’s newly adopted methodologies for biogenic carbon removals, arguing they breach the EU’s Carbon Removals and Carbon Farming (CRCF) Regulation and could end up increasing emissions rather than cutting them.
Read MoreVerra reinstates four more Chinese projects after review
Carbon standard Verra has reinstated four additional Chinese forestry and grassland carbon projects following a review of their government authorisations, according to a developer.
Read MoreGlobal biochar output nearly triples in two years as carbon market participation widens -industry report
Global biochar production has nearly tripled in the past two years and is projected to reach more than 9 million tonnes annually by the end of the decade, as the carbon removal technology moves from an emerging industry into large-scale commercial deployment, according to a new market report.
Read MoreTechnical assistance funding backs Congo sustainable land-use project
A sustainable land-use project in the Republic of the Congo has secured catalytic technical-assistance funding to support environmental and social studies aimed at advancing the project towards investment readiness.
Read MoreUS-based startup launches carbon removals business, first projects due this year
A newly launched CO2 removals developer has emerged with plans to build a portfolio of community-focused forestry and biomass projects.
Read MoreSydney investment firm rolls out global natural capital fund
A Sydney-based investment manager and forestry firm launched its first global natural capital strategy fund, which will invest across forestry, agriculture, carbon, and biodiversity markets.
Read MoreBrazilian Climate Fund announces new round of R$2.7 bln for restoration projects, backing carbon credit pipeline
Brazil’s National Bank for Economic and Social Development (BNDES) and the Ministry of Environment and Climate Change (MMA) have announced five new forest restoration and agroforestry financing operations worth R$834 million ($164 mln), expected to leverage a total of R$2.7 billion in investments and generate millions of carbon credits.
Read MoreGHG Protocol expands on review amidst controversy of scientist resignation
Staff at global standard Greenhouse Gas Protocol have responded with detailed steps of an independent review conducted after scientists on the Independent Standards Board (ISB) raised concerns internally regarding deliberations over forest carbon accounting.
Read MoreEU food sector seeks more ETS revenues to back 85% emissions cut potential
Europe’s food and drink industry could cut greenhouse gas emissions by 85% from 2020 levels by 2050, exceeding the reductions required under science-based guidance, but only if policymakers channel more carbon pricing revenues and targeted support into low-carbon technologies, according to a sectoral net zero roadmap presented in Brussels on Thursday.
Read MoreBlue carbon guidance risks overlooking Indigenous and community tenure rights, researchers warn
Guidance underpinning the rapidly expanding blue carbon sector frequently overlooks key tenure rights and international obligations to Indigenous peoples, coastal communities, and small-scale fishers, potentially exposing local groups to dispossession and exclusion from project benefits, researchers have warned.
Read More