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Brazil swapping Bolsonaro’s bottom-up climate decree for new carbon market approach -report

Published 21:47 on May 23, 2023  /  Last updated at 21:47 on May 23, 2023  /  Americas, Nature-based, South & Central, Voluntary  /  No Comments

The first shift in Brazilian carbon market regulation under President Luiz Inacio Lula da Silva has begun after local media reported of an impending scrap of last May’s presidential decree from right-wing predecessor Jair Bolsonaro, while a Senate committee has scheduled a hearing on a related bill this week that could draw executive branch backing.

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Global energy company signs MoU with Vietnam on agri-feedstock, carbon credits

Published 20:00 on May 23, 2023  /  Last updated at 23:34 on May 23, 2023  /  Asia Pacific, EMEA, International, Nature-based, Other APAC, Voluntary  /  No Comments

A global energy company on Tuesday signed an MoU on with the Vietnam Ministry of Agriculture and Rural Development (MARD), aiming to cooperate on agri-feedstock and nature-based carbon credits.

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Researchers warn buyers to stay away from new Alaska carbon offset programme

Published 16:58 on May 23, 2023  /  Last updated at 23:11 on May 23, 2023  /  Americas, Nature-based, US, Voluntary  /  No Comments

Voluntary carbon credit buyers should shun forest-based offsets generated through Alaska’s forthcoming state-run programme due to additionally concerns, a research group has warned.

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JPMorgan Chase unveils $200 mln in carbon removal deals

Published 14:07 on May 23, 2023  /  Last updated at 08:18 on May 26, 2023  /  Americas, Canada, EMEA, International, Nature-based, Switzerland, US, Voluntary  /  No Comments

JPMorgan Chase has signalled one of the world’s biggest corporate commitments to purchasing durable carbon removals, agreeing to spend some $200 million via several long-term deals to buy a total 800,000 tonnes from startups, the US-headquartered bank announced Tuesday.

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UPDATE – Soil carbon project developers expand operations in Europe

Published 13:07 on May 23, 2023  /  Last updated at 15:23 on May 23, 2023  /  EMEA, Nature-based, Voluntary  /  No Comments

Two companies specialising in developing soil carbon sequestration projects are expanding their operations in Europe.

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Standards body rejects complaint from Guyanese Indigenous peoples over forest carbon project

Published 11:53 on May 23, 2023  /  Last updated at 12:39 on May 23, 2023  /  Americas, International, Nature-based, South & Central, Voluntary  /  No Comments

The Architecture for REDD+ Transactions (ART) Secretariat has rejected a complaint from a group representing Guyana’s Indigenous peoples that the country’s government did not receive consent from local communities to facilitate the distribution of tens of millions of avoided deforestation carbon offsets.

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Zimbabwe backs down from carbon deals bonfire threat -reports

Published 22:40 on May 22, 2023  /  Last updated at 00:58 on May 23, 2023  /  Africa, EMEA, International, Nature-based, Paris Article 6, Voluntary  /  No Comments

Zimbabwe appears to have backed down from its threat to render “null and void” all existing carbon offset deals in the country.

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KraneShares’ carbon offset ETF sees net assets crash 90% in 13 months

Published 21:50 on May 22, 2023  /  Last updated at 21:52 on May 22, 2023  /  Americas, Nature-based, US, Voluntary  /  No Comments

Asset manager KraneShares on Friday saw the total net assets of its voluntary carbon offset exchange-traded fund dip to 90% below the starting value in just over the past year, as integrity concerns and a rough macroeconomic picture have rocked standardised credit prices.

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CEO of voluntary carbon certifier Verra to step down

Published 19:05 on May 22, 2023  /  Last updated at 19:05 on May 22, 2023  /  Africa, Americas, Asia Pacific, Bavardage, EMEA, International, Nature-based, Other APAC, South & Central, US, Voluntary  /  No Comments

Verra’s founding CEO is stepping down, the voluntary carbon market standard announced Monday.

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Nigerian oil and gas regulator to develop carbon market framework -media

Published 16:25 on May 22, 2023  /  Last updated at 16:25 on May 22, 2023  /  Africa, EMEA, Nature-based, Voluntary  /  No Comments

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disclosed plans to develop a regulatory framework for carbon pricing, according to local media sources, which would see firms active in the oil and gas sector pay for emissions as well as drive reductions via carbon credits.

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