Oregon signs state forest agreement with voluntary carbon credit project developer
Oregon’s Department of State Lands (DSL) signed a development agreement Thursday for an 83,000-acre (33,600 ha) state forest to generate carbon credits for sale in the voluntary carbon market (VCM).
Read MoreUS policymakers should act now for chance at $135 bln global CDR market opportunity -report
CO2 removals (CDR) can doubly support states to meet climate targets and tap into an emergent market estimated to reach up to $135 billion by 2040, with opportunity for policymakers to facilitate scale-up, said a US think tank in a report Wednesday.
Read MoreIncomplete data, low-quality credits mire first disclosures under California’s voluntary carbon offset law -report
Just over two dozen companies have published their voluntary carbon offset purchases in compliance with a recent California law, but many disclosures were incomplete and included low-quality credits, a research group said Thursday.
Read MoreGhana biochar producer receives finance to launch carbon removal project
A Ghana-based producer of biochar from coconut husks has received investment from a development finance institution to expand its business and to launch a carbon removal project in West Africa.
Read MoreBRIEFING: Carbon credits risky, yet key to net-zero goals -webinar
Businesses still see carbon credits as a high-risk investment, citing limited policy guidance and a market rife with controversy, speakers told a webinar this week, but corporate offsetting is key to reaching net-zero goals and could soon become mandatory.
Read MoreFII24: Carbon registries urged to integrate AI into methodologies
Mainstream registries on the voluntary carbon market (VCM) should move more quickly on integrating AI into methodologies and monitoring systems in order to speed up their processes and ensure greater efficacy of their approaches, the CEO of a technology provider in the space has said.
Read MoreBrazilian prosecutor’s office asks to escalate state-level carbon market cases to feds
Brazil’s Federal Public Prosecutor’s office (MPF) on Tuesday called upon state courts to decline three carbon project cases in favour of federal jurisdiction, in the name of addressing carbon markets questions of national consequence.
Read MoreCarbon market data firm, research institute launch interactive CDR tool
A London-based research institute and a carbon market data provider have unveiled an interactive tool to provide transparency to monitoring, reporting, and verifying (MRV) protocols for carbon removal (CDR), the two organisations announced on Wednesday.
Read MorePaying Brazil $25/t could unlock Amazon’s true carbon capture potential -economist
Establishing a carbon price of $25 per tonne of captured CO2 could transform Brazil’s Amazon rainforest into one of the world’s largest natural sinks, countering emissions at a far lower cost than current carbon capture technologies, according to a study published by a major international financial institution.
Read MoreCOP16: Group launches bioeconomy coalition to scale sustainable markets, finance in the Amazon
A group of over 20 organisations on Wednesday launched a coalition to promote bioeconomy across the Amazon region, looking at the biodiversity credit market as a possible means to scale financing.
Read More