Bolivia proposes Amazonian mechanism as a non-market approach to climate mitigation -media
Bolivia supports creating a regional Amazonian mechanism for climate change mitigation and adaptation through sustainable forest management, but would avoid carbon markets, according to remarks by Bolivian Vice-President David Choquehuanca, as reported by local media.
Read MoreSoy production linked to “shocking” land clearance in Brazil’s Cerrado and the Amazon, study says
Nearly 60,000 hectares of forest was cleared in Brazil’s Cerrado and the Amazon in late 2023, with likely ties to the supply chains of some of the world’s largest soy exporters, including Bunge and Cargill, a report has found.
Read MoreRegen Network sells two-thirds of biodiversity credits from jaguar pilot
Environmental trading platform Regen Network has sold two-thirds of the biodiversity credits available from a jaguar conservation pilot over a 10,000-hectare area in the Ecuadorian jungle, it said on Wednesday.
Read MoreANALYSIS: Colombia’s tax reforms slow demand for voluntary carbon credits as supply pool shrinks
Colombian reforms of offset use against its carbon tax have weakened demand for voluntary credits in the country, and a strong rise in issuances from domestic standards has done little to counterbalance dwindling supply figures as participants’ focus shifts to the international market.
Read MoreVCM Report: KSET liquidation sparks sell off in voluntary carbon spots and futures
Standardised voluntary carbon spot contracts for old CORSIA and related futures tumbled this week from already low levels, in the wake of asset manager KraneShares announcing it will liquidate its KSET exchange-traded fund.
Read MoreANALYSIS: Role of VCM, legislative snags delay Brazil ETS passage
Questions around the role of the voluntary carbon market (VCM) and legislative complications continue to delay a landmark law establishing a national cap-and-trade system in Brazil, potentially endangering President Lula’s push for passage in the first half of 2024.
Read MoreGreen Climate Fund approves $500 mln for climate projects, discusses REDD+
The UN’s Green Climate Fund (GCF) has approved $489.8 million of funding across 11 climate projects in developing countries this week, which will total $1.26 billion with co-financing.
Read MoreMultinational commodity supplier targets Scope 3 emissions in Argentina
A multinational commodity distributor has teamed up with a regenerative farming specialist to help scale its carbon emissions measurement programme and reach more producers in Argentina, it announced Friday.
Read MoreINTERVIEW: Brazilian rainforest state to build bridge between smallholder farmers and the carbon market
A Brazilian state is working to enable access to the carbon market for smallholder farmers by rewarding them for protecting the Amazon and setting up an intermediary agency to facilitate access to offset buyers.
Read MoreShell inks biochar carbon removals offtake deal with Swiss developer, to explore hydrogen tech with US firm
Oil major Shell has entered into a five-year agreement with a Swiss carbon project developer to source carbon removal credits generated from a biochar facility in Mexico, while also inking a separate deal with another firm to explore decarbonisation solutions using hydrogen electrolyzer technology.
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