INTERVIEW: Battling to stay afloat, Rimba Raya slashes headcount while warning credit issuance could more than halve
Rimba Raya is struggling to keep afloat after the concession holder of the popular Indonesian REDD+ project drastically cut staff numbers and warned there could be a sharp drop in voluntary carbon credit issuance, possibly impacting historical supplies, after it adopts Verra’s new consolidated methodology for avoided deforestation.
Read MoreLATAM Roundup: Latin America’s compliance carbon systems integrate with voluntary market, pursue growth
Carbon Pulse rounds up recent developments in compliance carbon systems within the Latin America and Caribbean region, taking a look at Brazil’s stabilising market for emissions reductions credits from biofuels after a year of rising prices, and summarising the carbon tax regimes that accept offsets.
Read MoreSecond tranche takes Canadian asset manager’s forest fund to $335 mln
A major Canadian global asset manager announced on Friday the second close of its forest fund, investing in sustainably managed forests where carbon sequestration is prioritised over timber production.
Read MoreCallirius, Cula partner to boost monitoring and financing for biochar projects
A German-based climate finance company and a startup focusing on MRV solutions for durable carbon removal have teamed up to advance biochar projects and verify their climate impact.
Read MoreNature-based offset trading platform raises €5.3 mln to strengthen operations
A nature-based trading startup announced on Thursday that it has secured nearly €5.3 million ($5.7 mln) in seed funding to advance its operations and introduce additional offset projects to its platform.
Read MoreIndonesia’s Rimba Raya REDD+ project plunged into controversy after licence revoked by government
The giant Rimba Raya Biodiversity Project in Indonesia has been plunged into controversy after the local concession holder saw its business licence revoked by the government for violating carbon trading regulations, with the project’s owner failing to be notified about it.
Read MoreCanadian carbon project financier inks $5.6 mln offset royalty deal for US IFM portfolio
A Canada-based carbon project financier has agreed to pay $5.6 mln to acquire several gross revenue royalties on a portfolio of improved forest management (IFM) offset projects in the southeastern US.
Read MoreBRIEFING: Integrity initiatives in VCM will help to narrow oversupply, boosting prices, analysis shows
Drives for greater integrity in the voluntary carbon market, such as classification of high-quality projects by rating agencies, will help to instil greater confidence in the market, bolstering demand and reducing oversupply so that prices could exceed $230 per tonne in the 2040s, according to analyst research heard on a webinar today.
Read MoreBritish forest carbon data startup secures $12 mln in Series A funding
A British forest carbon startup has raised $12 million in Series A funding, just seven months after it announced funding of $2.2 mln at pre-seed level.
Read MoreINTERVIEW: Strong social return on investment boosts REDD project in Tanzania
A REDD developer in Tanzania is seeking to boost the selling power of its avoided deforestation projects by assessing the social impact of investment.
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