Bahamas’ carbon, digital asset laws launch hopes for lucrative voluntary market

Published 01:25 on July 19, 2024  /  Last updated at 01:25 on July 19, 2024  / Alejandra Padin-Dujon /  Americas, International, Nature-based, South & Central, Voluntary

Flagship carbon markets legislation may soon be joined by a bill to weigh in on digital assets, with experts interviewed Thursday expecting liftoff for a market in Bahamian credits owned and managed by the state.

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Suriname forest carbon ITMOs attracting interest from 65 companies

Published 18:14 on July 18, 2024  /  Last updated at 18:14 on July 18, 2024  / Paddy Gourlay /  Americas, International, Nature-based, Paris Article 6, South & Central, Voluntary

Some 65 companies are lining up to buy the first sovereign Article 6 carbon credits endorsed by the Coalition of Rainforest Nations (CfRN), which should be ready for sale in September or October, the organisation told Carbon Pulse Thursday.

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Sugarcane producers to receive $4/t under Brazilian benefit-sharing scheme -media

Published 17:00 on July 17, 2024  /  Last updated at 17:00 on July 17, 2024  / Alejandra Padin-Dujon /  Americas, RINs & LCFS, South & Central, Voluntary

Sugarcane suppliers will receive R$2-3 ($0.50) per tonne of cane converted into ethanol and then CBio credits, which represent 1 tonne CO2 avoided relative to conventional fossil fuels in Brazil’s RenovaBio compliance carbon market, according to local media.

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Chile to experience severe supply crunch of tax-eligible carbon offsets in 2024

Published 16:38 on July 17, 2024  /  Last updated at 16:38 on July 17, 2024  / Alejandra Padin-Dujon /  Americas, Carbon Taxes, International, Kyoto Mechanisms, South & Central, Voluntary

The South American country, which as of 2023 accepts select carbon credits in lieu of payment of its $5 per tonne tax, will see minimal supply emerge in 2024 despite hopes that the mechanism would take off once liable entities had sufficient time to source offsets.

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Brazilian state to establish country’s first subnational biodiversity credit scheme

Published 11:13 on July 17, 2024  /  Last updated at 11:31 on July 17, 2024  / Giada Ferraglioni /  Americas, Biodiversity, South & Central

A Brazilian state government has announced the upcoming implementation of a legal regulation to offset corporate impacts on nature, making it the first state in the country to establish a biodiversity crediting scheme.

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Ecuador to resume carbon market debates, community benefits at stake -association president

Published 02:00 on July 17, 2024  /  Last updated at 02:00 on July 17, 2024  / Alejandra Padin-Dujon /  Americas, Nature-based, South & Central, Voluntary

Ecuador has long abstained from the voluntary carbon market (VCM), but now, pending legislative buy-in, it could boost benefits to communities over traditional results-based REDD payments, the country’s carbon association president said Tuesday.

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Dominican Republic signals Article 6.4 readiness, gears up for Paris carbon trading

Published 15:04 on July 16, 2024  /  Last updated at 15:04 on July 16, 2024  / Alejandra Padin-Dujon /  Americas, International, Paris Article 6, South & Central

The Caribbean nation, one of Latin America’s more engaged nations on Paris carbon markets, submitted its Article 6.4 ‘host country participation requirements’ document to the UN on Sunday, having already signed early-stage bilateral carbon trading agreements with Singapore in 2023 and Sweden in 2022.

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Amazon deforestation slashed by 83% in areas protected by Indigenous Peoples, study says

Published 14:51 on July 16, 2024  /  Last updated at 14:51 on July 16, 2024  / Sergio Colombo /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

Deforestation rates on Indigenous-managed lands in Brazil’s Amazon region are up to 83% lower compared to unprotected areas, a paper has found.

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INTERVIEW: Brazil’s interlocking carbon markets work to reconcile

Published 12:57 on July 16, 2024  /  Last updated at 12:57 on July 16, 2024  / Alejandra Padin-Dujon /  Americas, International, Nature-based, RINs & LCFS, South & Central, Voluntary

Brazil must synergise its forthcoming ETS with the preceding RenovaBio carbon pricing scheme linked to biofuels production, according to a Brazilian economist, as regulatory uncertainty, financial speculation, and the unknown socioeconomic consequences of applying the schemes simultaneously provide shaky ground for successful implementation.

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LATAM Roundup: Brazil pushes biofuels, Colombian high court rules on REDD

Published 13:56 on July 15, 2024  /  Last updated at 13:56 on July 15, 2024  / Alejandra Padin-Dujon /  Americas, International, Nature-based, South & Central, Voluntary

Carbon Pulse rounds up developments in Latin American and Caribbean carbon markets for the week ending July 14, in which Brazil reiterated the significance of biofuels in its decarbonisation strategy and Colombia’s Constitutional Court ruled for the first time on REDD projects.

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