Panama imposes moratorium on forest carbon projects
Panama on Friday established a temporary moratorium on forest carbon projects and decided to apply state assessment procedures.
Read MoreArgentine congress debuts carbon markets bill -media
Argentina’s carbon industry organisation has partnered with members of the Chamber of Deputies and Senate to present a carbon markets bill in both houses of the national legislature, according to local media.
Read MoreBRIEFING: Experts from vulnerable countries call for higher quality, wider range of climate financing
A consortium of think tanks focused on developing countries vulnerable to climate disasters called for enhanced quality and an expanded scope of funding sources in global climate finance ahead of COP29 in a webinar Thursday.
Read MoreCOP16: Talks in Cali fail to address critical minerals exploitation, NGOs say
Not enough has been done so far at COP16 to address exploitation of minerals for the green energy transition, especially in Indigenous Peoples’ lands, a group of NGOs said Thursday.
Read MoreCOP16: Brazilian organisation clinches deal to sell first biodiversity credits
A Brazilian organisation is set to market its first biodiversity credits generated through three separate projects across the country, with a philanthropic institution already committed to buying them.
Read MoreWorld Bank, IDB introduce guidelines for sustainable finance instruments in the Amazon
The Inter-American Development Bank (IDB) and the World Bank this week announced new guidelines for Amazonia Bonds, a capital markets instrument aimed at financing projects that benefit biodiversity, local communities, and zero-deforestation initiatives across the Amazon.
Read MoreBrazilian prosecutor’s office asks to escalate state-level carbon market cases to feds
Brazil’s Federal Public Prosecutor’s office (MPF) on Tuesday called upon state courts to decline three carbon project cases in favour of federal jurisdiction, in the name of addressing carbon markets questions of national consequence.
Read MorePaying Brazil $25/t could unlock Amazon’s true carbon capture potential -economist
Establishing a carbon price of $25 per tonne of captured CO2 could transform Brazil’s Amazon rainforest into one of the world’s largest natural sinks, countering emissions at a far lower cost than current carbon capture technologies, according to a study published by a major international financial institution.
Read MoreCOP16: Group launches bioeconomy coalition to scale sustainable markets, finance in the Amazon
A group of over 20 organisations on Wednesday launched a coalition to promote bioeconomy across the Amazon region, looking at the biodiversity credit market as a possible means to scale financing.
Read MoreCOP16: Brazil launches revised national plan to restore 12 mln hectares by 2030
The Brazilian government launched Monday a revised national plan for the recovery of native vegetation that reaffirms the country’s commitment to restore 12 million hectares by 2030.
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