Japanese oil refiner make first foray into forest carbon
One of Japan’s biggest oil refiners has made its first foray into the forest carbon market, as it continues to seek opportunities in the carbon removal sector as part of its climate strategy, it announced Wednesday.
Read MoreSabah to soon list first nature-based credits on Malaysian carbon exchange
The Malaysian state of Sabah will soon receive a first tranche of verified carbon units (VCUs) for its forestry project registered under Verra, with plans to list them as the first nature-based units on the nation’s carbon exchange.
Read MoreMarine conservation investment “uncertain” as biodiversity credit market still nascent, NatureMetrics exec says
Uncertainty looms over coastal and marine habitat conservation, as the emerging biodiversity credit markets are not yet consistent enough to drive adequate investments in ecosystem protection efforts, a NatureMetrics executive said Tuesday.
Read MoreSBTi Scope 3 decision could create a $1.1 trillion carbon market -BNEF
Annual demand for high quality carbon credits under the Science-based Target initiative’s (SBTi) proposed new Scope 3 emissions offsetting rules could reach 5.9 billion tonnes by 2050, according to analysts, despite the significant uncertainty caused by the backlash in the wake of the announced changes.
Read MoreVerra announces VCS updates to support CORSIA, CCP eligibility
Verra released Tuesday what it called “minor” updates of its Verified Carbon Standard (VCS), hoping for full approval under Phase 1 of the international aviation offsetting scheme CORSIA, as well as being eligible for the Core Carbon Principles (CCP) label.
Read MoreBrazilian bank allocates R$98 mln from Amazon Fund to combat deforestation
A Brazilian state will receive funding from the country’s development bank that manages the Amazon Fund to address illegal deforestation and forest degradation, according to a press release.
Read MoreBezos Earth Fund to award $100 mln for AI-based climate solutions
US-based Bezos Earth Fund on Tuesday announced $100 million available in grant awards for solutions that use AI to address climate change.
Read MoreCarbon project developer, non-profit create tokenised ‘co-benefit unit’ to be attached to ACCU issuance
Australian Carbon Credit Units (ACCUs) issued to a project in Western Australia will be stapled to independently verified ‘co-benefit units’ tokenised on blockchain, according to its developers.
Read MoreClearer definitions given for carbon farming under EU carbon removal framework
Clearer definitions for the scope, quantification, and baselines of carbon farming activities to be included under the EU’s Carbon Removal Certification Framework (CRCF) were presented by the European Commission on Tuesday.
Read MoreInternational emissions trading association releases guidelines on voluntary carbon credit use
The world’s main emissions trading association published new guidelines on Tuesday about how corporate buyers should use carbon credits as part of their decarbonisation pathways.
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