Triodos 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.
Read MoreCOP29: BRIEFING – UN “on cusp” of first Article 6 carbon credit issuances
Thousands of projects have already applied to transition to the new Paris Agreement carbon crediting mechanism and hundreds of proponents have signalled interest in developing new activities, and with interim UN registry infrastructure to be ready in a few weeks, the first issuances can be processed in early 2025, according to experts.
Read MoreBiochar developer eyes expansion to 200k carbon credits a year by 2027
A biochar developer expects to issue 200,000 credits a year, certified by Puro.earth, by 2027.
Read MoreVCM Report: Focus on Article 6 at COP risks leaving legacy voluntary sector in the shade
COP29 has been sending mixed signals to the voluntary carbon market, with concerns that the keen focus on Article 6 credits would overshadow the sector in future.
Read MoreCOP29: Peru details operational timeline of national carbon registry
The Peruvian government on Monday detailed next steps for operationalisation of its National Registry of Greenhouse Gas Mitigation Activities (RENAMI).
Read MoreCOP29: Voluntary carbon markets sneak into UN climate finance talks, to dismay of green groups
A provision that “encourages” scaling voluntary carbon markets has been included in the latest text on climate finance at the COP29 global climate summit, though green groups and some developing countries are pushing hard against this language, citing integrity concerns.
Read MoreFEATURE: Vertical farms in UK, Saudi Arabia grow trees fast, aiming to generate carbon credits
Vertical farm developers in England and Saudi Arabia say they can grow trees faster and healthier than with conventional methods. The companies aim to generate credits from reforestation, with oil companies and data centres among the potential first buyers.
Read MoreCOP29: Global initiative to develop climate-smart farming raises $29.2 bln ahead of wind-down
A global initiative led by the US and UAE to develop climate-smart agriculture and secure the world’s food systems from the impacts of rising temperatures and droughts has raised $29.2 billion in investment, it was announced on Monday.
Read MoreBioenergy demand set to triple by 2030, fuelling deforestation and biodiversity loss -report
The global biomass energy industry is set to triple by 2030, driving carbon emissions, deforestation, and biodiversity loss, according to a new analysis released on Monday.
Read MoreUS launches $10 bln global forest coalition, other Amazon funding initiatives
The Biden administration announced a raft of new initiatives Sunday that will increase funding for forest conversation and restoration in the Brazilian Amazon, including the launch of a coalition that aims to mobilise at least $10 billion by 2030.
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