Indian states approve 500 land areas for involvement in controversial green credit scheme
Ten Indian states have approved over 500 plots of degraded forest lands for inclusion in the government’s Green Credit Programme despite experts and environmentalists objecting the scheme rules could have devastating impact on ecosystems.
Read MoreWorld’s soils losing a billion tonnes of inorganic carbon every year, study finds
Environmental degradation means some 1 billion tonnes of soil inorganic carbon (SIC) every year leaks into inland waters, with countries like China and India particularly affected, a group of researchers has found.
Read MoreVietnamese scientist eyes coconut carbon credit potential
Vietnam sees potential in generating carbon credits from its coconuts, with a local study suggesting plantations in one province could absorb anywhere from 1.9-5.8 million tonnes of CO2.
Read MoreEleven carbon credit programmes vie for eligibility under UN’s CORSIA offset scheme in latest application round
Eleven carbon offset programmes have applied or reapplied to supply eligible compliance units for use by airlines in 2024-26 under CORSIA, the international aviation emissions trading scheme devised by UN body ICAO.
Read MoreCarbon markets to retain key role in climate action but vulnerable to geopolitics, GenZero says
Carbon market participants should back harmonised quality standards and principles to secure its role as a foundation for international partnerships even in a scenario where global climate action become fragmented, Singapore’s GenZero said on Friday.
Read MoreINTERVIEW: VCMI distinguishes role in light of SBTi voluntary carbon announcement
The Voluntary Carbon Markets Integrity Initiative (VCMI) has maintained that it still has an important role in providing guidance for corporate climate claims and voluntary carbon credit use, in light of an announcement this week from the Science Based Targets initiative (SBTi) that signalled the body would undergo a major position change and also endorse offset use towards net zero goals.
Read MoreJapanese, Thai developers ink deal for JCM project
A Japanese project developer has entered into an agreement with a Bangkok-based firm for an afforestation project in Thailand under Japan’s Joint Crediting Mechanism (JCM), the companies announced Thursday.
Read More“Ghost roads” tearing down tropical forests in Asia-Pacific -research
Almost 1.4 million kilometres of roads not marked in official road maps and often built illegally, known as “ghost roads”, are presenting a grave threat to tropical forests in the Asia-Pacific region, researchers have found.
Read MoreSBTi staff call for CEO to be sacked, immediate reversal of Scope 3 offset use decision
A letter, sent by Science Based Targets initiative (SBTi) staff to the non-profit’s board and CEO and seen by multiple media sources, has called for the chief executive to resign and to immediately reverse a decision set to allow companies to use voluntary carbon credits to meet Scope 3 emissions targets.
Read MoreANALYSIS: Voluntary carbon stakeholders react to SBTi pivot on offset use for corporate targets
A major announcement from the Science Based Targets initiative (SBTi) that now opens the door for offset use as part of validated corporate net zero targets has made waves in the voluntary carbon sector, with proponents of the decision lauding its demand implications for the market, and critics arguing that the move undermines the organisation’s role in the broader fight against climate change.
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