Deadline approaching for $550k IDB tender to pilot blue carbon credit system in Trinidad and Tobago

Published 15:27 on December 23, 2024  /  Last updated at 15:27 on December 23, 2024  /  Americas, Nature-based, South & Central, Voluntary

The deadline is approaching for a $550,000 Inter-American Development Bank (IDB) tender to pilot a blue carbon credit system in Trinidad and Tobago.

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BIOFIN sets out actions to scale biodiversity credit market in Colombia

Published 12:19 on December 23, 2024  /  Last updated at 12:19 on December 23, 2024  / /  Americas, Biodiversity, South & Central

Scaling the voluntary biodiversity credit market could help Colombia bridge the financing gap on ecosystem services preservation, though steps must be taken to improve integrity and unlock corporate investments, the UN Biodiversity Finance Initiative (BIOFIN) has said.

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Developer launches appeal after judge rules in favour of Indigenous people in case over large Peruvian REDD project

Published 17:55 on December 22, 2024  /  Last updated at 18:01 on December 22, 2024  / /  Americas, Nature-based, South & Central, Voluntary

A Peruvian offset developer on Friday appealed a case involving one the world’s biggest historical issuers of REDD-based carbon credits, after a judge ruled against the project’s backers, including several government agencies, and ordered the nullification of some forest concessions.

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LATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes

Published 16:04 on December 20, 2024  /  Last updated at 16:04 on December 20, 2024  / /  Americas, Aviation/CORSIA, Carbon Taxes, Climate Talks, International, Mexico, Nature-based, Paris Article 6, South & Central, Voluntary

Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.

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Brazil Securities and Exchange Commission approves accounting guidelines for carbon units

Published 21:51 on December 19, 2024  /  Last updated at 21:51 on December 19, 2024  / /  Americas, Nature-based, RINs & LCFS, South & Central, Voluntary

Brazil’s Securities and Exchange Commission (CVM) on Monday approved new technical guidelines for valuing three kinds of domestic carbon units on balance sheets, setting the stage for a new era in accounting.

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Chile adds two new standards to roster of offsets admissible under CO2 tax

Published 12:49 on December 19, 2024  /  Last updated at 12:49 on December 19, 2024  / /  Americas, Carbon Taxes, Nature-based, South & Central, Voluntary

Chile’s CO2 tax, which accepts select carbon units in lieu of payment on a tonne-for-tonne basis, has added two new standards and all their methodologies to its eligibility pool, potentially bringing in millions of tax-eligible credits to a supply-constrained market.

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Brazilian state, national development bank launch $9.5 mln notice for Atlantic Forest restoration

Published 05:54 on December 19, 2024  /  Last updated at 05:54 on December 19, 2024  / /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

A Brazilian state and the country’s national development bank announced Wednesday the launch of a public notice of up to R$60 million ($9.5 mln) to support about 30 local ecological restoration projects in the Atlantic Forest biome.

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Verra releases provisional allocated deforestation risk maps for revamped REDD methodologies

Published 23:06 on December 18, 2024  /  Last updated at 23:06 on December 18, 2024  / /  Americas, Nature-based, South & Central, Voluntary

The international carbon standard released Wednesday provisional versions of allocated deforestation risks maps for three Brazilian states within recently revamped REDD methodologies under its Verified Carbon Standard (VCS).

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Peru court demands land titling, nullified concessions in one of most-credited REDD carbon projects

Published 16:38 on December 18, 2024  /  Last updated at 16:38 on December 18, 2024  / /  Americas, Nature-based, South & Central, Voluntary

A judge in the San Martin region of Peru has ruled against several government agencies and an NGO developer that manages one of the world’s biggest historical issuers of REDD credits, in favour of Indigenous peoples, ordering the state to apply land titles to ancestral lands, nullify some forest concessions, and conduct community consultations with benefit-sharing.

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Pakistan, Bahamas join call to end use of fossil fuels

Published 12:34 on December 18, 2024  /  Last updated at 12:34 on December 18, 2024  / /  Americas, Asia Pacific, Other APAC, South & Central

Pakistan has become the first South Asian nation to commit to discussions with the Fossil Fuel Non-Proliferation Treaty initiative even as Bahamas has joined the bloc negotiating the winding down of fossil fuel production, a statement released Wednesday said.

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