UPDATE – Verra withdraws UN rice farming offset methodology for review over integrity concerns
Carbon standard developer and manager Verra has halted the use of a popular UN methodology for generating offsets from growing rice, launching a review of the protocol after integrity concerns were raised.
Read MoreNew US-based platform to sell 10 mln reforestation offsets at low end of price spectrum
An Alabama-headquartered technology firm has launched a blockchain platform to sell millions of tokenised carbon credits from a patented reforestation programme, coming in at a price per tonne well below that of most nature-based removals.
Read MoreActivity picks up in OTC offset market, but REDD+ prices continue to crash lower
Activity is picking up in the general over the counter (OTC) voluntary carbon market, brokers reported on Friday, although prices for REDD+ credits have dropped again after buyers largely disappeared in the wake of reports claiming widespread over-crediting in the avoided deforestation sector.
Read MoreNorwegian DAC firm adds former agri-carbon boss to team, targets 1 Mt plant
A Norwegian direct air capture (DAC) developer has appointed a former US-based soil carbon CEO to a senior position, the firm announced, targeting a launch of the first million-tonne plant in 2027.
Read MoreVoluntary carbon market data firm publishes first ratings of corporate activity
A data aggregator published Thursday what it claims is the world’s first rating of corporate activity in the voluntary carbon market (VCM), assigning a score to over 300 firms that have retired credits based on their share of emissions offset and the profile of units purchased.
Read MoreJP Morgan acquires US forestland valued at $500 mln as part of carbon management initiative
JP Morgan Asset Management on Wednesday announced that one of its wholly owned subsidiaries has acquired US forestland valued at $500 million, which the company will utilise in part for sequestering CO2 emissions.
Read MoreInsurer invests £38 mln in UK forest restoration scheme
A UK-headquartered global insurer is investing £38 million to restore Britain’s lost temperate rainforests, the first part of a £100 mln programme into nature-based carbon credit projects in the UK and Ireland.
Read MoreUPDATE – Japanese conglomerate forms US forest carbon venture as part of $780 mln investment
The forestry arm of a Japanese global trading company on Tuesday announced the launch of a US-based investment firm focused on nature-based carbon credits, with an eye to potential expansion outside of North America.
Read MoreCOMMENT: One Planet, One Paris Agreement, One Carbon Standard and Accounting System
Concerns over the quality of carbon credits from Verra’s forestry projects are making headlines again, calling into question the validity of REDD+. This is a shame since ending deforestation is key to achieving a 1.5C world. But there is a solution, the UNFCCC REDD+ mechanism, write Kevin Conrad and Federica Bietta of the Coalition for Rainforest Nations (CfRN).
Read MoreCanadian nature-based VER developer aims to generate nearly 30 mln credits
A Vancouver-headquartered carbon credit developer on Wednesday announced it plans on generating almost 30 million VERs from four rewilding and mangrove forest preservation projects.
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