NOAA unveils partnerships to advance ocean CO2 removal research, boost transportation’s climate resilience
The US National Oceanic and Atmospheric Administration (NOAA) on Tuesday unveiled new partnerships to advance research on using the ocean to remove and store CO2, and enhance climate change resilience in the transportation sector.
Read MoreBRIEFING: Experts ask Washington to streamline reforestation protocol baselines
Forest offset project experts last week asked the Washington Department of Ecology (ECY) to prioritise streamlining its reforestation protocol, as it is already economically unfeasible.
Read MoreStartup shutters carbon credit exchange, shifts focus to climate consultancy tech
A US-based startup dedicated to environmental market infrastructure on Tuesday announced the closure of its offset trading exchange amid the downturn in the voluntary carbon market.
Read MoreINTERVIEW: Game-changing $5 bln deal for Bolivia threatens to disrupt both Article 6 and voluntary market
Chicago company Laconic Infrastructure Partners plans to issue $1 billion worth of securities next year on Bolivia’s forestry plans, and if the idea catches on, it could undermine the edifice building around Article 6 trade as well as the voluntary carbon market.
Read MoreCOP29: USDA won’t finalise voluntary carbon rules before Trump administration, secretary says
A set of protocols being designed to help US land and forest owners gain access to the voluntary carbon market won’t reach a draft form before the end of President Joe Biden’s term, putting their fate in the hands of the incoming Republican administration.
Read MoreCOP29: INTERVIEW – Namibia’s draft regulations on compliance carbon markets to be out next year
The Namibian government will release draft carbon market regulations in 2025, once it has clarity of the rules underpinning the UN’s international market mechanism, an official told Carbon Pulse at the COP29 climate summit in Baku.
Read MoreUK digital bank buys 25 acres of woodland as part of 2035 climate positive pledge
A Durham-based fintech has purchased 25 acres (10.1 hectares) of new woodland in Northeast England as part of a commitment to become climate positive by 2035, the company announced on Tuesday.
Read MoreCOP29: INTERVIEW – Uganda backs Article 6 where voluntary market, foreign contributions fall short
Uganda is looking to Article 6 projects to help finance sustainable development, particularly given the limitations of the voluntary carbon market (VCM) and international finance goals, a senior official told Carbon Pulse on the sidelines of COP29.
Read MoreNorway commits $60 mln to the Amazon Fund
The Norwegian government has pledged an additional NOK 670 million ($60 mln) to the Amazon Fund to help conserve the rainforest region, it announced on the sidelines of the G20 summit in Brazil.
Read MoreTriodos Bank to ringfence €500 mln in nature-based solutions by 2030
Dutch-headquartered bank Triodos announced on Tuesday it will invest a minimum of €500 million in nature-based solutions (NbS) by the end of 2030 as part of its biodiversity strategy.
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