Startup 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 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.
Read MoreCOP29: “Dark vessels”, oil and gas under-reporting fuelling unrelenting rise in global GHG emissions -data
“Dark vessels”, or ships that disable their tracking systems, are responsible for at least 7% of global maritime emissions, secretly releasing more than 80 million tonnes of CO2 annually, while unfettered methane output from the oil and gas sector is contributing to the unrelenting rise in global greenhouse gas emissions.
Read MoreCOP29: REDD+ projects could help conserve hydropower capacity in Brazil -study
With deforestation compromising Brazil’s hydropower generation capacity, REDD+ projects are one way to address the threats to electricity supply, according to a study presented at COP29.
Read MoreCOP29: Brazilian nature-based developers’ alliance signs carbon credits MoU with national export agency
A group of Brazil-based nature-based solutions (NBS) project developers and the nation’s export agency signed a memorandum of understanding (MoU) on Friday to promote the sale of carbon credits abroad.
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