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UPDATE – Verra withdraws UN rice farming offset methodology for review over integrity concerns

Published 22:01 on February 3, 2023  /  Last updated at 13:19 on February 4, 2023  /  Americas, Asia Pacific, China, International, Kyoto Mechanisms, Nature-based, Other APAC, US, Voluntary  /  No Comments

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.

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New US-based platform to sell 10 mln reforestation offsets at low end of price spectrum

Published 21:37 on February 3, 2023  /  Last updated at 13:22 on February 4, 2023  /  Americas, Nature-based, US, Voluntary  /  1 Comment

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.

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Activity picks up in OTC offset market, but REDD+ prices continue to crash lower

Published 18:24 on February 3, 2023  /  Last updated at 18:38 on February 3, 2023  /  Aviation/CORSIA, Nature-based, Voluntary  /  No Comments

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.

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Norwegian DAC firm adds former agri-carbon boss to team, targets 1 Mt plant

Published 12:30 on February 3, 2023  /  Last updated at 12:30 on February 3, 2023  /  Americas, Bavardage, EMEA, International, Nature-based, Voluntary  /  No Comments

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.

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Voluntary carbon market data firm publishes first ratings of corporate activity

Published 18:18 on February 2, 2023  /  Last updated at 20:55 on February 2, 2023  /  Aviation/CORSIA, International, Nature-based, Voluntary  /  No Comments

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.

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JP Morgan acquires US forestland valued at $500 mln as part of carbon management initiative

Published 17:11 on February 2, 2023  /  Last updated at 17:11 on February 2, 2023  /  Americas, Nature-based, US, Voluntary  /  No Comments

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.

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Insurer invests £38 mln in UK forest restoration scheme

Published 16:34 on February 2, 2023  /  Last updated at 17:26 on February 2, 2023  /  EMEA, Nature-based, Voluntary  /  No Comments

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.

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UPDATE – Japanese conglomerate forms US forest carbon venture as part of $780 mln investment

Published 23:19 on February 1, 2023  /  Last updated at 17:44 on February 2, 2023  /  Americas, Asia Pacific, Japan, Nature-based, US, Voluntary  /  No Comments

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.

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COMMENT: One Planet, One Paris Agreement, One Carbon Standard and Accounting System

Published 21:45 on February 1, 2023  /  Last updated at 22:10 on February 1, 2023  /  Africa, Americas, Asia Pacific, Contributed Content, EMEA, International, Nature-based, Other APAC, Other Content, Paris Article 6, South & Central, Voluntary  /  No Comments

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).

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Canadian nature-based VER developer aims to generate nearly 30 mln credits

Published 21:28 on February 1, 2023  /  Last updated at 21:28 on February 1, 2023  /  Africa, Americas, Canada, EMEA, Mexico, Nature-based, Voluntary  /  No Comments

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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