COP29: 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.
Read MoreLATAM Roundup: Countries highlight carbon pricing at COP29, but Brazilian NBS keeps spotlight
Several Latin American countries have made carbon pricing announcements at and around the COP29 UN climate conference in Baku, but subnational Brazilian deals involving nature-based solutions (NBS) – and the Senate’s long-awaited ETS passage – continue to dominate headlines.
Read MoreANALYSIS: Integrity Council decision on REDD+ carbon credits welcome but not without risk
The decision Friday from the Integrity Council for the Voluntary Carbon Market (ICVCM) to approve three REDD+ methodologies has been welcomed by multiple market participants, but with a note of caution that the move is not without risk, especially as the crediting programmes have not yet been tried and tested.
Read MoreCOP29: ClimeFi, Xprize launch global CDR challenge to shore up demand
Global portfolio manager for carbon removals ClimeFi and innovation competition organiser Xprize on Friday unveiled the Global 1000 CDR Challenge, urging the world’s largest corporations to commit to purchasing at least 1,000 tonnes of permanent removal credits in 2025.
Read MoreCOP29: “Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
“Dark vessels”, or ships that disable their tracking systems, are responsible for at least 7% of global maritime emissions, secretly releasing more than 80 million tonnes of CO2 annually, while unfettered methane output from the oil and gas sector is contributing to the unrelenting rise in global greenhouse gas emissions.
Read MoreCOP29: REDD+ projects could help conserve hydropower capacity in Brazil -study
With deforestation compromising Brazil’s hydropower generation capacity, REDD+ projects are one way to address the threats to electricity supply, according to a study presented at COP29.
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