COP29: Ecuadorian civil society cleaves on carbon markets after presidential veto

Published 15:17 on November 20, 2024  /  Last updated at 15:24 on November 20, 2024  / /  Americas, Nature-based, South & Central, Voluntary

One month after Ecuadorian President Daniel Noboa vetoed a bill that would have legalised carbon markets in the country for good, industry and activists are divided, while an energy crisis continues to divert officials’ attention.

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Early intervention can halve forest risks if investors look beyond carbon credits -report

Published 13:17 on November 20, 2024  /  Last updated at 13:17 on November 20, 2024  / /  Africa, Americas, Asia Pacific, EMEA, Nature-based, Other APAC, South & Central, Voluntary

Early intervention can mitigate half of risks in forest investments, but stakeholders must look beyond carbon credits and address broader challenges like land rights, community engagement, and governance, according to a new report.

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Brazil’s lower chamber reapproves landmark national cap-and-trade legislation, sends to President Lula for signing

Published 09:43 on November 20, 2024  /  Last updated at 09:43 on November 20, 2024  / /  Americas, Nature-based, South & Central, Voluntary

Brazil’s Chamber of Deputies passed on Tuesday evening landmark legislation to establish a nationwide ETS, as the historic proposal for what would be the largest compliance carbon market in Latin America rolls onwards towards full approval.

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Startup shutters carbon credit exchange, shifts focus to climate consultancy tech

Published 00:07 on November 20, 2024  /  Last updated at 00:07 on November 20, 2024  /  Americas, Nature-based, South & Central, US, Voluntary

A US-based startup dedicated to environmental market infrastructure on Tuesday announced the closure of its offset trading exchange amid the downturn in the voluntary carbon market.

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EXCLUSIVE: Colombian carbon standard is first to sign up to S&P Global tool aimed at ‘uniting the registry community in one place’

Published 17:29 on November 19, 2024  /  Last updated at 21:58 on November 19, 2024  / /  Americas, South & Central, Voluntary

A Colombian carbon standard has become the first organisation to sign up to a new software tool from S&P Global, which has been designed to integrate the various carbon registries and standards in one place.

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COP29: Govts spotlight efforts to minimise pass-through costs of carbon pricing

Published 15:12 on November 19, 2024  /  Last updated at 15:12 on November 19, 2024  / /  Americas, Asia Pacific, Carbon Taxes, CBAM, Climate Talks, EMEA, International, South & Central

Countries with domestic carbon pricing efforts emphasised the specific policy design mechanisms needed to minimise pass-through costs to end consumers, government officials told an event on the sidelines of COP29.

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Norway commits $60 mln to the Amazon Fund

Published 11:23 on November 19, 2024  /  Last updated at 11:23 on November 19, 2024  / /  Americas, Biodiversity, EMEA, Nature-based, South & Central, Voluntary

The Norwegian government has pledged an additional NOK 670 million ($60 mln) to the Amazon Fund to help conserve the rainforest region, it announced on the sidelines of the G20 summit in Brazil.

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COP29: Peru details operational timeline of national carbon registry

Published 16:32 on November 18, 2024  /  Last updated at 16:32 on November 18, 2024  / and /  Americas, Nature-based, South & Central, Voluntary

The Peruvian government on Monday detailed next steps for operationalisation of its National Registry of Greenhouse Gas Mitigation Activities (RENAMI).

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LATAM Roundup: Countries highlight carbon pricing at COP29, but Brazilian NBS keeps spotlight

Published 09:11 on November 18, 2024  /  Last updated at 09:11 on November 18, 2024  / /  Americas, Climate Talks, International, Nature-based, South & Central, Voluntary

Several Latin American countries have made carbon pricing announcements at and around the COP29 UN climate conference in Baku, but subnational Brazilian deals involving nature-based solutions (NBS) – and the Senate’s long-awaited ETS passage – continue to dominate headlines.

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COP29: ClimeFi, Xprize launch global CDR challenge to shore up demand

Published 09:56 on November 17, 2024  /  Last updated at 22:58 on November 17, 2024  /  Americas, Asia Pacific, Biodiversity, EMEA, International, Nature-based, South & Central, US, Voluntary

Global portfolio manager for carbon removals ClimeFi and innovation competition organiser Xprize on Friday unveiled the Global 1000 CDR Challenge, urging the world’s largest corporations to commit to purchasing at least 1,000 tonnes of permanent removal credits in 2025.

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