BRIEFING: Campaigners pose three quality approaches for use of international credits in EU
The European Union should adopt a hybrid approach when considering the quality of international credits that could count towards its 2040 emission reduction target, using self-set principles to assess against the Paris Agreement Crediting Mechanism (PACM) and other quality benchmarks, two non-profits said this week.
Read MoreIndonesia’s mangrove finance growth hinges on transaction readiness -report
Indonesia’s mangrove financing has grown more complex, backed by public budgets, international partnerships, and market mechanisms, but scaling up will depend on making projects transaction ready, a report said.
Read MoreUS oil company retires forest credits from Guyana worth $250 million
A US oil major this week retired an estimated $250 million in avoided deforestation credits generated as a byproduct of one of the largest oil discoveries in decades, a project that has since sparked a multi-billion dollar legal battle.
Read MorePoland could deliver 45 Mt of removals by 2050, driven mainly by nature-based solutions -report
Poland is projected to have around 45 million tonnes of carbon removal (CDR) potential in 2050 under a high-ambition scenario, led by ecosystem enhancement such as afforestation and peatland restoration, while its abundant biomass resources could support pathways like biochar, according to a climate non-profit.
Read MoreNon-profits appeal EU green taxonomy ruling over forestry, bioenergy criteria
A group of environmental non-profits has appealed a lower EU court ruling on the bloc’s sustainable finance taxonomy, arguing the decision allows climate-damaging forestry and bioenergy activities to be labelled as green.
Read MoreMumbai mangroves could yield high‑integrity blue carbon credits, says NGO
Healthy mangrove ecosystems across India’s Mumbai Metropolitan Region, the country’s largest urban agglomeration, could generate six to ten carbon credits per hectare annually, with high‑integrity blue‑carbon credits fetching $20-50 and biodiversity‑linked credits up to $150, according to a white paper submitted to India’s Prime Minister’s Office.
Read MorePCF26: FEATURE – 25 years on, Cordillera Azul epitomises struggle to balance conservation, carbon market protocols, and Indigenous rights
The non-profit in charge of Peru’s 25-year-old Cordillera Azul National Park (PNCAZ) turned to carbon finance over a decade ago to sustain its operations, creating a REDD+ mega-project – but following a turbulent few years beset with baseline challenges, methodology questions, and litigation surrounding free, prior, and informed consent (FPIC) from Indigenous communities, it is mulling its next steps.
Read MorePCF26: Bolivian framework bill to set the stage for carbon markets by July -official
Bolivia’s executive branch aims to present an overarching climate finance bill to the country’s national assembly by July – establishing the basis for both voluntary and compliance markets, among other instruments, a top official told Carbon Pulse at the Peru Carbon Forum this week.
Read MoreCarbon project financier expects Vietnam LOA by year-end, sees airlines returning to CORSIA market after oil shock
A Canada-headquartered carbon project financier expects its Vietnam household devices programme to secure an governmental Article 6 Letter of Authorisation (LOA) before year-end, potentially positioning the initiative among the first projects approved under the Southeast Asian country’s new international carbon trading framework.
Read MorePCF26: LAC credits consolidate position in int’l VCM, REDD+ still dominates
Over 25% of carbon credits retired so far this year in the voluntary market (VCM) have come from Latin America and the Caribbean (LAC), where REDD+ units still dominate supply.
Read More