Carbon removal buyers club signs offtake agreement with South American biochar developer
A carbon removal buyers club on Thursday announced a multi-year CDR purchase agreement with a South American biochar producer.
Read MoreClear demand signal needed to scale CORSIA carbon credit supply, says Guyana
Airlines need to show a clearer demand signal if countries are to supply sufficient levels of CORSIA-eligible credits to meet the demands of Phase 1 (2024-26), a representative from Guyana told a carbon industry conference.
Read MoreEcuador, Barbados work on debt swap deals to drive nature, climate resilience investments
Ecuador is reportedly preparing to enter into its second deal to swap debt for conservation funding in the Amazon rainforest, according to a stock exchange filing released this week, while Barbados has announced a first of its kind debt-for-climate-resilience arrangement.
Read MoreAsset manager invests $350 mln in Latin American regenerative agriculture
Chile-based investor Toesca Asset Management will invest $350 million in regenerative agriculture practices in Latin America, via a partnership with a UK-headquartered financier, to help reduce the impacts of agriculture on biodiversity loss and carbon emissions.
Read MoreEuropean country donates up to $21 mln to Brazil’s Amazon Fund
Brazil’s national development bank announced Friday that a European nation has donated up to $21.1 million to the Amazon Fund, aiming to help combat deforestation and promote sustainable development.
Read MoreIFC launches $450-mln green bond to fund biodiversity
The International Finance Corporation (IFC) has issued a A$700-million ($451 mln) so-called green kangaroo bond in Australia to help close the biodiversity funding gap in emerging markets, it announced Monday.
Read MorePeru publishes decree aligning national climate strategy with net zero, promotes forest land titling, REDD+
The president’s office in Peru has issued a supreme decree that seeks to enshrine into law a new national climate strategy, aligning it with 2050 net zero plans and carving out a major role for REDD+ avoided deforestation and carbon finance.
Read MoreSwiss insurer backs two carbon removal startups in net zero effort
A Swiss insurance company will support an enhanced rock weathering startup and a concrete-based carbon storage project as part of its revised emissions reduction strategy.
Read MoreLATAM Roundup: Road to Belem paved with carbon market intentions after landmark Article 6 decision
As this year’s COP29 climate summit in Baku, Azerbaijan concludes with landmark decisions clinching the operationalisation of Article 6.2 and 6.4 carbon markets – with Brazil said to have played a key diplomatic role – expectations for COP30 in Belem, Brazil have highlighted the rise of Article 6 as a priority for the region.
Read MoreCOP29: Reactions to the new Baku Finance Goal, Article 6 deal
Here are selected party, stakeholder, and expert reactions to the New Collective Quantified Goal on climate finance (NCQG), dubbed the Baku Finance Goal, as well as the agreement on Article 6 reached at the COP29 climate summit, which wrapped up early Sunday.
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