FEATURE: Peru’s REDD+ overhaul in doubt as Verra-linked reforms face backlash
Peru is promoting initiatives to crack down on over-crediting and protect the reputation of Amazonian carbon credits, but industry pushback to reforms linked to Verra, and falling issuances, raise questions about how feasible the voluntary carbon market (VCM) overhaul is in practice.
Read MoreECOSYSTEM MARKETPLACE – Companies and Carbon Credits: From Anecdote to Evidence
The SBTi’s recent announcement about offset use against Scope 3 emissions was a significant milestone for the VCM, but it is already rekindling the debate between market proponents and critics. What does the evidence regarding carbon credits say, and why does this matter for nature?
Read MoreUS rating agency partners with offset platform to launch “highly-rated” carbon credit portfolio
A carbon offset buyer platform will offer a portfolio of credits vetted by a ratings agency to be “highly-rated” as part of a newly formed partnership announced Wednesday.
Read MoreSoil carbon prices in India need to rise 60% to incentivise conservation agriculture -study
Soil carbon prices in India will need to increase by 60% to encourage wider adoption of conservation agriculture for carbon credit generation in India under Verra’s VM0042 methodology, a study published this week in the journal Nature suggests.
Read MoreBRIEFING: Over half of APAC’s economy directly dependent on nature, highly vulnerable to nature-related risks
Countries in the Asia Pacific region are highly vulnerable to nature-related risks, including loss of biodiversity, an increase in pollution, and the non-availability of freshwater, and the failure to address these losses could lead material financial risk for companies and institutional investors, panellists told a webinar Wednesday.
Read MoreKorean steelmaker to launch combined blue carbon, marine biodiversity conservation project
One of the world’s largest steelmakers has teamed up with government agencies to increase carbon sequestration and protect marine ecosystems in South Korea, using steel by-products to help cultivate seaweeds.
Read MoreThai bank teams up with consultancy to decarbonise energy, agriculture sectors, promote carbon trading
A Thai state-owned bank has signed a Memorandum of Understanding (MoU) with a Bangkok-based climate consultancy to support domestic businesses and farmers in meeting their decarbonisation goals through trading of carbon credits and renewable energy certificates (RECs), it said in a statement.
Read MoreRabobank, Plan Vivo refute Ivorian carbon credit double counting claims
Rabobank and Plan Vivo have pushed back against reporting by investigative journalism outlet Follow the Money (FTM), which revealed that Cote d’Ivoire had asked the Dutch bank to suspend its carbon credit origination activities in the country’s Nawa region over double counting fears.
Read MoreBC’s updated forest offset protocol mandates First Nations engagement, outlines reversal measures
Canada’s British Columbia has updated its offset regulation and published its second forest carbon offset protocol (FCOP 2.0), which mandates First Nations’ engagement across all projects and stipulates measures that could see fewer credits awarded to project developers in the event of a reversal.
Read MoreCORSIA credits could be worth over $50/t based on airline demand signals, says offset project financier
Prices for first phase CORSIA carbon credits could be valued above $50/tonne based on indications of airline demand, a project financier said Tuesday.
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