Carbon 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.
Read MoreVast majority of carbon offset projects fail to deliver real emissions cuts, study finds
Fewer than one in six carbon credits issued through global mitigation projects represent genuine reductions in greenhouse gas emissions, according to a new study.
Read MoreICVCM approves three REDD carbon crediting methodologies for CCP status
The Integrity Council for the Voluntary Carbon Market (ICVCM) board has approved three REDD methodologies, which have yet to issue any credits, for the Core Carbon Principles (CCPs) label, it announced Friday, paving the way for millions of units to be issued with the high-integrity stamp.
Read MoreCOP29: UK looks to quickly bolster Article 6 trade with new principles for carbon credits
The UK is setting out six new principles for trading voluntary carbon and nature credits, building on the initiatives by the Integrity Council for the Voluntary Carbon Market (ICVCM) and seeking to quickly bolster international trade under Article 6 of the Paris Agreement.
Read MoreUS DOE allocates $20.2 mln to advance algae development for low carbon fuels, bioproducts
The US Department of Energy (DOE) on Thursday announced $20.2 million in funding to support research and development efforts to convert algae into low carbon fuels and bioproducts.
Read MoreUS-based CDR company receives $32 mln in Series A funding
A Texas-based CO2 removal (CDR) company announced on Thursday that it raised $32.3 million in Series A funding after a full year of operation.
Read MoreCOP29: Brazil launches climate funding platform with $10.8 bln in capital
Brazil’s national development bank has formally launched a climate investment platform that it said already has up to $10.8 billion in capital that could be mobilised, in support of its newly updated Paris Agreement pledge.
Read MoreCOP29: Multiple countries outline plans to raise billions in forest carbon finance
Fourteen countries, including the US, France, and the UK, issued a statement at COP29 in Baku on Thursday affirming their commitment to scale up finance for forests, based on ‘high-integrity’ carbon markets.
Read MoreCOP29: Brazil’s Para state to launch call for forest concession tenders
The government of Para state in Brazil is expected this Friday to launch a long-awaited call for tenders to take on an ecological restoration-oriented forest concession, which will generate carbon credits from the reforestation process.
Read MoreEU lawmakers vote to delay, water down anti-deforestation law
The European Parliament on Thursday approved a proposal by the EU Commission to postpone the application of its landmark regulation against deforestation by one year, in what observers say is a major setback for the bloc’s ambitions on nature and climate.
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