COP29: Trump presidency could spell well for the voluntary carbon market, stakeholders say
While President Donald Trump’s re-election is expected to generally stifle US momentum on climate action, there may be avenues for increased voluntary carbon market (VCM) enthusiasm under his leadership, market participants told Carbon Pulse on the sidelines of COP29.
Read MoreBolivia continues carbon markets U-turn, links up with US-based firm for baselining help
Bolivia’s about-face on carbon markets continued this week as the government teamed up with a US-based environmental data platform for help measuring carbon stocks and emissions, aiming to unlock the country’s domestic offering.
Read MoreCarbon market investment has exploded since 2021, analysts find
Some $42 billion has been spent was spent on the origination and development of 11,752 registered and pre-registered carbon credit projects globally, and about half of this, $22 bln, happened between 2021 and 2023, analysts estimate.
Read MoreCOP29: Back on track – New Article 6 text opens door to finalising trade rules in Baku
A new Article 6 text published Friday after a late night of work in Baku has put talks on finalising international carbon trade rules firmly back on track, according to sources close to the negotiations, following a nervy reaction to a chaotic, 43-page previous draft.
Read MoreCanadian carbon financier boosts Article 6-labelled credit inventory to 1.7 mln
Canada-based Base Carbon has an inventory of more than 1.7 million Article 6-authorised cookstove credits on its balance sheet, the company said in third quarter results.
Read MoreDATA DIVE: Too soon to draw conclusions on CORSIA carbon credit supply and demand
With four new standards approved to supply CORSIA compliance last month, and the aviation sector now well into its first phase, the voluntary carbon market is starting to make predictions around prospective supply and demand for the UN’s international aviation offsetting scheme – but it may be too soon to forecast what will be needed, and what will be available to buy.
Read MoreTimberland management firm’s LATAM reforestation fund reaches $500 mln, as Petrobras steps up Amazon investment
The timberland management division of a Sao Paulo-based investment bank has reached $500 million for its Latin American reforestation fund, while Brazilian oil giant Petrobras has pledged increased funding for ecological restoration in the Amazon in partnership with the country’s development bank.
Read MoreINTERVIEW: Air sample monitoring could provide real-time carbon reporting accuracy, firm says
A developer of atmospheric emissions monitoring for carbon markets said its approach could improve the accuracy of monitoring, reporting and verification (MRV) of nature-based projects, and potentially lead to more credits being issued than otherwise assumed using conventional methods.
Read MoreMining giant invests $16 mln into Madagascar REDD project with eye on CCP label
A mining giant has committed $16 million into the Makira Natural Park REDD Project in northern Madagascar that will help the project scale as well as reassess its deforestation baseline under Verra’s VM0048 methodology, which has just been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM) as eligible for its stamp of high quality.
Read MoreCarbon credit financier notches small profit in Q3 despite project write-down
A Toronto-based carbon credit financier eked out a small net profit in Q3 2024 despite further writing down the value of one of its projects.
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