Brazilian development bank approves R$87 mln in financing for Atlantic Forest restoration project
A forest restoration initiative in Brazil has secured new public financing from Brazil’s national development bank to rehabilitate Atlantic Forest ecosystems while generating carbon credits and biodiversity benefits.
Read MoreThai rubber plantation project targets 1 mln carbon credits
A Thai state agency and an agribusiness and food conglomerate announed last week they have launched a rubber plantation project that aims to generate up to 1 million carbon credits across 80,000 hectares in northeastern Thailand.
Read MoreUS land management firm sells forest carbon credits for over $4 mln
A US-based land management company has secured just over $4 million from the sale of carbon credits generated from an improved forest management (IFM) project in Tennessee, it announced last week.
Read MoreAustralia cannot rely on carbon removals to offset gas emissions, think tank says
Australia’s plans to keep pumping out gas while reaching net zero emissions rely on unrealistic assumptions about the future availability of carbon removals, hydrogen, and carbon capture technologies, according to a new report.
Read MoreGEF approves $144 mln for climate, nature projects
The Global Environment Facility (GEF) trust fund has approved $144.3 million for 16 climate and nature-positive projects around the world that are expected to mobilise more than $828 mln in co-financing.
Read MoreChile forest carbon reporting in accordance with UN rules, assessment finds
Chile’s efforts to reduce emissions from deforestation and forest degradation have received a positive assessment from UN climate experts, who concluded that the country’s reported forest-sector emissions reductions are largely transparent, consistent, and in line with international reporting requirements.
Read MoreINTERVIEW: Nature tech startup looks to spread agroforestry carbon projects in Angola
A nature intelligence startup is working with Angolan land stewards to develop large-scale agroforestry initiatives in the country, using its technology to screen potential projects and reduce the risk of early-stage investment, just as the government begins building its carbon market framework.
Read MoreLATAM Roundup: Article 6 snaps up tech-based solutions as REDD+ keeps grip on VCM
For now, technology-driven activities dominate Latin America’s Article 6.2 Letters of Authorisation (LoAs), in a departure from the REDD-heavy profile of the local voluntary market (VCM) – but jurisdictional REDD+ (J-REDD+) is poised to flood both systems, Carbon Pulse has reported.
Read MorePCF26: FEATURE – Carbon finance in Peru should complement int’l aid, officials and partners say
Peru’s carbon market should be self-sustaining instead of relying excessively on foreign aid, without necessarily replacing international funds, officials and institutional partners told Carbon Pulse this week at the Peru Carbon Forum in Lima.
Read MoreColombian ARR project receives issuance of first 230k removal credits
An afforestation project in eastern Colombia has completed its first verified issuance after seven years under development, with backers aiming to expand the planted area and bring additional volumes to market.
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