DATA DIVE: Countries involved in REDD+ more likely to see lower rates of forest loss
Countries with greater involvement in UN-backed REDD+ carbon projects are more likely to see lower rates of primary forest loss, new data analysis from Carbon Pulse suggests.
Read MoreEU land carbon sink in crisis, as ‘unlikely’ targets loom -report
The European Union’s land carbon sink has been in rapid decline, jeopardising the bloc’s climate targets for 2030 and beyond, finds a new report by the Institute for European Environmental Policy (IEEP).
Read MoreWWF urges EU to boost LIFE programme in next budget
WWF has called on the EU to boost the LIFE programme to ensure adequate funding flows towards biodiversity conservation and restoration efforts under the bloc’s next long-term budget.
Read MoreBP reports 38% reduction in Scope 1 and 2 emissions, new biodiversity projects in 2024
BP last week reported a 38% reduction in its combined Scope 1 and 2 emissions in 2024, compared to a 2019 baseline, bringing total emissions down to 54.5 million tonnes of CO2 equivalent.
Read MorePakistan opens draft carbon market rules for public consultation
Pakistan’s Ministry of Climate Change and Environmental Coordination (MoCCEC) this week opened its first draft carbon market rules for public consultation, following weeks of review by an expert committee.
Read MoreUp to 2.6 MtCO2 emitted due to gold mining in Peruvian peatlands -study
An academic study published this week has found that gold mining in the southern Peruvian Amazon has compromised not only forests, but peatlands – releasing an additional 2.6 million tonnes CO2 into the atmosphere, with the potential to emit much more.
Read MoreUPDATE – Verra may revamp ARR methodologies in push for CORSIA eligibility, updates JNR rules
Verra may revamp methodologies for reforestation and revegetation (ARR) as it seeks to expand the scope of projects eligible for phase one of CORSIA, the UN’s Carbon Offsetting and Reduction Scheme for International Aviation.
Read MoreIndian firm signs agreement with Mitsubishi to scale ERW projects in South Asia
An Indian carbon removal firm has entered into an agreement with Japanese conglomerate Mitsubishi Corporation to scale carbon dioxide removal (CDR) in South Asia by generating high quality and durable credits through enhanced rock weathering (ERW) projects.
Read MoreCroatia-based carbon project financier, Slovenia regional park in 10-year deal to develop “high-quality” credits
A Croatia-based carbon project financier has inked an “exclusive” 10-year deal with a regional park in neighbouring Slovenia to develop “high-quality” carbon credits.
Read MoreIndonesia poised to lift issuance moratorium next month, source says
Indonesia is looking to lift its moratorium on international credit issuances next month, according to a source familiar with the matter, a move that could breathe life back to the bruised voluntary carbon market (VCM).
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