“There is still hope” for a renewables revolution, despite Trump -experts
The goal of tripling global renewable energy capacity by the end of this decade is still within reach, despite the US likely backtracking on its energy transition in the next four years, renewable energy leaders and governments said on Thursday.
Read MoreBurned areas in Brazil increase 79% in 2024, majority in the Amazon biome -monitor
More than 30.8 million hectares burned in Brazil last year, a 79% increase year-on-year (YoY) and the largest such figure since 2019, with most of this fire damage taking place in the Amazon biome, a monitor group said Wednesday.
Read MoreUnified global carbon market key to scaling climate finance, Davos panel says
A unified global carbon market under Article 6 of the Paris Agreement is essential for meeting climate goals, but clear governance and regulations are needed to build trust and drive investment, speakers told a panel at the World Economic Forum (WEF) in Davos.
Read MoreMicrosoft seals large deal for 3.5 mln Amazon rainforest carbon credits in bid to offset AI emissions
Microsoft will buy an estimated $200 million worth of carbon credits to restore parts of Brazil’s Amazon and Atlantic forests amid a surge in emissions driven by artificial intelligence, it was announced on Wednesday.
Read MoreJapanese developer to conduct agroforestry projects in Haiti
A Tokyo-headquartered project developer is expanding its presence in Haiti, in the hope of securing millions of carbon credits from agroforestry initiatives in the coming years.
Read MoreCommodity trader teams up with non-profits in bid to raise carbon finance for Amazon protection
A multinational commodity trader has combined with two non-profits to launch an initiative aimed at mobilising billions in private-sector investment for Brazilian rainforest protection, including via REDD+ finance.
Read MoreWoodside reports net emissions drop, as it expands South American carbon project
Australian oil and gas producer Woodside Energy says it has reduced its net emissions in 2024 compared to its baseline even as its overall gross emissions rose, as the company expanded a carbon credit project in South America.
Read MoreNew REDD carbon methodology to result in “substantial” reductions in credit issuance -ratings agency
The new consolidated REDD methodology developed by voluntary carbon standard Verra will result in a large reduction in credit supply, compared to its previous programmes, according to analysis published Monday by a project ratings agency.
Read MoreJapanese conglomerates establish new venture to create, trade nature-based carbon removals credits
One of Japan’s largest trading houses in partnership with a leading shipping conglomerate has established a venture to create, trade, and retire nature-based carbon removals credits, they announced Monday.
Read MoreLATAM Roundup: Mexico eyes ETS as subnational CO2 taxes spread, Honduras targets Article 6
The administration of new Mexican President Claudia Sheinbaum last week stated it would prioritise operationalising the country’s long-delayed emissions trading system (ETS), potentially leading a recent wave of ETS plans in the region, though subnational CO2 taxes continue as the dominant carbon pricing mechanism in the North American country.
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