Brazilian state strikes $100 mln forest restoration deal with commodities trader
An ecologically rich Brazilian state on Tuesday in London confirmed a $100 million investment deal with a multinational commodities trader to combat forest degradation.
Read MoreLCAW25: Turning sunlight into stone methodology promises to break the mould for durable CDR
A new durable carbon removal (CDR) methodology plans to credit transforming sunlight into stone, it was announced at London Climate Week.
Read MoreLCAW25: SBTi CEO underscores “high-integrity” carbon credit approach to new corporate standard
The Science Based Target initiative (SBTi) is on course to permit the extended use of “high-integrity” carbon credits as part of an updated version of its Corporate Net-Zero Standard, with a new proposed update due to be presented in a matter of months, confirmed the organisation’s CEO David Kennedy, during an event in London on Thursday.
Read MoreIndonesian province explores carbon credit partnership with ART TREES -media
Indonesian province Riau is exploring cooperation with ART TREES on carbon credit calculations, as officials met during London Climate Action Week to discuss emissions reduction strategies, according to national news agency Antara.
Read MoreChinese banks partner with tech major to mobilise private capital in nature-based solutions
Three China-based banks have signed letters of intent to support an initiative aimed at scaling up investments in nature infrastructure, conservation, and nature-based solutions in the country.
Read MoreLCAW25: 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are becoming increasingly unfit for purpose, as rising energy demand from artificial intelligence (AI) and reliance on outdated accounting rules cast doubt on their ability to meet net zero goals, an analysis published Wednesday has found.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 MoreColombian president claims carbon credits are violent “scam” amid political fissures
Colombian President Gustavo Petro earlier this month stated that the voluntary carbon market (VCM) is a “scam” perpetuating armed violence and a form of modern slavery, prompting a rebuke Wednesday from the carbon industry and revealing domestic political fractures in this prominent VCM hub.
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.
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