COP29: Four carbon negative nations launch G-ZERO forum at the climate summit in Baku
A group of carbon neutral countries including Bhutan, Madagascar, Panama, and Suriname have launched the G-ZERO forum at the COP29 summit in Baku on Tuesday and issued a joint declaration pledging to remain carbon negative “at all times”.
Read MoreINTERVIEW: Amazon bioeconomy investment facility takes aim at illegal activity
A Brazilian think tank is creating a facility to enable investment around Brazil and the Amazon Basin, tackling nature-damaging illegal activity while exploring biodiversity credits, Carbon Pulse has learned.
Read MoreDeveloped countries should take on extra carbon reduction, removal onus on top of national targets -researchers
With the global carbon budget for a 1.5 C rise in temperatures set to be exceeded, researchers have floated the idea of assigning rich countries responsibility for extra emissions reductions and carbon removals in addition to achieving their own national targets.
Read MoreLATAM Roundup: Brazilian bonanza in carbon markets as COP29 begins
A barrage of developments has come out of Brazil in the week ending Nov. 10 as carbon market observers wait with bated breath for congressional ETS approval this week, setting the stage for a dynamic first week at COP29 in Baku, Azerbaijan.
Read MoreINTERVIEW: Cercarbono confident on CORSIA, CCP approval, tests water with new circular economy programme
Standards body Cercarbono is working hard to be approved for Phase 1 of aviation offsetting scheme CORSIA and expects to receive first assessment by ICVCM for its Core Carbon Principles (CCPs) by year end, while it has also launched a circular economy programme with a first project in Bangladesh.
Read MoreCOP29: UN regional centres helping to build global Article 6 capacity
UN Regional Collaboration Centres (RCCs) channelling funds from the Clean Development Mechanism (CDM) have played a key role in developing notable Article 6 and carbon pricing initiatives in the Global South, with ongoing projects expected to yield further concrete outcomes in the near and medium term.
Read MoreInvestors announce $100-mln expansion of Colombian nature-based project
Two investors on Monday announced they had put an additional $100 million into a Colombian project to earn carbon removal credits from restoring degraded land.
Read MoreColombian carbon industry groups dispute peer-reviewed study’s ARR claims
Colombian carbon body Asocarbono and the National Federation of Timber Industries (Fedemaderas) have rejected a peer-reviewed study criticising Colombia’s afforestation, reforestation, and revegetation (ARR) projects.
Read MoreCOP29: Brazil announces new UN climate goal, targets 59-67% emissions cut
COP30 host Brazil has announced a new UN climate plan that aims to reduce net greenhouse gas emission by 59-67% in 2035, compared to 2005 levels.
Read MoreBrazilian development bank to pour nearly $90 mln into new ethanol plant
The Brazilian National Bank for Economic and Social Development (BNDES) has approved R$500 million ($88 mln) in financing for a new biofuels-producing ethanol plant, which it said will support Brazil’s goals to decarbonise the transport sector.
Read More