UNOC: Pacific Islands announce world’s largest Indigenous-led ocean reserve
The governments of Vanuatu and the Solomon Islands have announced plans to set up the world’s largest Indigenous-led ocean reserve, with Papua New Guinea and New Caledonia ready to join the initiative.
Read MorePakistan greenlights “transaction-ready” carbon project for international trading
The government of Pakistan has granted approval to the country’s third carbon offset project for trading credits under Article 6.2 of the Paris Agreement.
Read MoreCOMMENT: Beyond Carbon – A Certification Co-designed with Indigenous Peoples and Local Communities
The draft “Beyond Carbon Benefits” certification under the Architecture for REDD+ Transactions marks a major shift in carbon markets by integrating social, cultural, biodiversity, and forest service co-benefits – co-designed with Indigenous Peoples and Local Communities (IPLC) – to ensure REDD+ initiatives are more equitable, inclusive, and effective beyond carbon accounting alone. Representatives from IPLC organisations explain why they chose to co-lead the design of a new certification, and how they think it represents a shift, both in terms of how forests are valued, and also how market instruments are designed.
Read MoreID Market: Trading inches up in May amid suspension on international deals
Indonesia’s carbon market recorded a moderate increase in activity during May, with trading volumes recovering from April’s lows, though international transactions remained absent due to the ongoing government moratorium.
Read MoreMalaysian govt bodies partner to advance carbon market infrastructure
A Malaysian public retirement fund has partnered with a statutory body to accelerate the country’s net zero transition by making the use of forestry-based carbon offset solutions, they announced Thursday.
Read MoreIndia’s upcoming carbon market ‘critical lever’ for industry decarbonisation, Tata Steel exec says
Tata Steel expects India’s emerging carbon market to become a “critical lever” for accelerating decarbonisation in the steel industry, with one of the company’s senior executives urging policymakers to draw lessons from Europe’s carbon pricing success.
Read MoreVerra freezes Indian cookstoves project amid major double counting claims
Voluntary carbon standard Verra has put an Indian cookstoves project on hold, pending a quality control review, it said in a statement Thursday.
Read MoreApple’s top final assembly suppliers urged to accelerate renewable energy progress
Apple’s top final assembly suppliers should set ambitious renewable energy targets with clear pathways and increase their procurement of renewable energy through high-impact mechanisms, according to a new report.
Read MoreUNOC: Indonesia coral bond hopes to raise up to $150 mln
The Indonesian coral bond was soft launched on Wednesday at the UN Ocean Conference (UNOC) with an expected raise of $100-120 million.
Read MoreUNOC: French Polynesia takes lead as some countries join race to expand marine protected areas
French Polynesia unveiled plans at the ongoing UN Ocean Conference (UNOC) to establish the world’s largest marine protected area (MPA) to date, with a handful of other countries joining efforts to close the gap on sea conservation goals.
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