BRIEFING: CORSIA ‘climate club’ seen as answer to voluntary carbon market demand problem

Published 16:01 on October 2, 2024  /  Last updated at 16:08 on October 2, 2024  / /  Americas, Asia Pacific, Aviation/CORSIA, EMEA, International, Nature-based, Voluntary

Market participants see the UN international aviation offsetting scheme as the first step in a voluntary credit demand recovery, and hope that other sectors will be inspired to establish similar carbon-buying clubs in the future.

Read More

UPDATE – EU bows to pressure to delay its anti-deforestation law by one year

Published 15:04 on October 2, 2024  /  Last updated at 21:24 on October 2, 2024  / /  EMEA, EU ETS, International, Nature-based

The European Commission is moving to postpone its regulation against deforestation by one year, in an attempt to please international partners who repeatedly expressed worries about the impacts of the law on supply chains, it announced on Wednesday.

Read More

‘Shortcomings’ in EU’s CRCF could lead to overestimated credits, report says

Published 13:24 on October 2, 2024  /  Last updated at 13:24 on October 2, 2024  / /  Nature-based, Voluntary

Flaws in baseline assumptions and inadequate long-term monitoring could lead to overestimated carbon credits under the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, previously known as the Carbon Removal Certification Framework, according to new research.

Read More

Verra’s review process of Southern Cardamom REDD+ project raises independence, structural concerns, says human rights group

Published 09:43 on October 2, 2024  /  Last updated at 09:43 on October 2, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, Other APAC, Voluntary

Verra’s review of the Southern Cardamom REDD+ (SCRP) project that led to its suspension being lifted relied heavily on the findings and claims made by its proponent, raising questions about its independence and presenting structural issues in the standard’s environmental and social requirements, according to the human rights group that investigated the activity.

Read More

UPDATE: Investors ask US regulator to block JBS listing over environmental concerns

Published 05:00 on October 2, 2024  /  Last updated at 09:21 on October 2, 2024  / /  Americas, Biodiversity, Nature-based, South & Central, US, Voluntary

Eighteen investors managing $22 billion have co-signed a letter asking the US financial regulator to stop Brazilian meat giant JBS from listing in the US following concerns around transparency that are refuted by the corporation.

Read More

BRIEFING: Carmakers look at carbon removal credits while awaiting clarity on Scope 3 emissions

Published 14:04 on October 1, 2024  /  Last updated at 16:49 on October 1, 2024  / /  EMEA, Nature-based, Voluntary

An automotive company is encouraging its suppliers to buy removal credits that meet a defined set of criteria, as it awaits further clarity from the Science Based Targets initiative (SBTi) on whether carbon removals will be allowed to meet Scope 3 emissions.

Read More

CLARIFICATION: Respira unites with investment firm to launch funds for nature-based projects

Published 09:15 on October 1, 2024  /  Last updated at 16:44 on October 1, 2024  /  Americas, EMEA, Nature-based, US, Voluntary

Climate financier Respira has joined forces with an impact investment firm to launch two funds for financing nature-based carbon offset projects and accelerating climate action, they announced Tuesday.

Read More

Majority of buyers prefer carbon removals to avoidance, reductions -survey

Published 17:06 on September 30, 2024  /  Last updated at 17:06 on September 30, 2024  / /  Americas, Asia Pacific, EMEA, Nature-based, US, Voluntary

A survey of voluntary carbon market (VCM) stakeholders has shown that nearly 90% of buyers do not plan to use ubiquitous reduction or avoidance credits in their corporate decarbonisation strategies.

Read More

LATAM Roundup: J-REDD is king at Climate Week, Colombia releases H1 CO2 tax stats

Published 14:13 on September 30, 2024  /  Last updated at 14:13 on September 30, 2024  / /  Americas, Carbon Taxes, Nature-based, South & Central, Voluntary

Jurisdictional REDD+ (J-REDD) starred at Climate Week NYC, and Carbon Pulse has analysed new data about Q2 retirements toward Colombia’s carbon tax, in the week ending Sep. 29.

Read More

Duo seeks to slash livestock farming emissions with seaweed additives in Japan

Published 11:30 on September 30, 2024  /  Last updated at 11:30 on September 30, 2024  / /  Asia Pacific, Australia, Japan, Nature-based, Voluntary

A Tokyo-based microalgae solution provider has teamed up with an Australian company to promote seaweed-added feed additives, in the hope of decarbonising Japan’s livestock sector.

Read More