COP29: Ecuadorian civil society cleaves on carbon markets after presidential veto
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.
Read MoreEarly intervention can halve forest risks if investors look beyond carbon credits -report
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.
Read MoreBrazil’s lower chamber reapproves landmark national cap-and-trade legislation, sends to President Lula for signing
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.
Read MoreStartup shutters carbon credit exchange, shifts focus to climate consultancy tech
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.
Read MoreEXCLUSIVE: Colombian carbon standard is first to sign up to S&P Global tool aimed at ‘uniting the registry community in one place’
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.
Read MoreCOP29: Govts spotlight efforts to minimise pass-through costs of carbon pricing
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.
Read MoreNorway commits $60 mln to the Amazon Fund
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.
Read MoreCOP29: Peru details operational timeline of national carbon registry
The Peruvian government on Monday detailed next steps for operationalisation of its National Registry of Greenhouse Gas Mitigation Activities (RENAMI).
Read MoreLATAM Roundup: Countries highlight carbon pricing at COP29, but Brazilian NBS keeps spotlight
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.
Read MoreCOP29: ClimeFi, Xprize launch global CDR challenge to shore up demand
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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