Ten banks fuelling deforestation in Paraguay’s Gran Chaco, NGO finds
Ten financial institutions have invested more than $1.7 billion between 2021 and 2023 in two meatpacking companies allegedly associated with deforestation in Paraguay’s Gran Chaco, according to an NGO investigation.
Read MoreColombian standard puts first biodiversity credit project out for consultation
A Colombian environmental standard has opened a public consultation on the first conservation project registered under its biodiversity credit programme, planning to certify it next year.
Read MoreLATAM Roundup: Distress and opportunities as CORSIA, CO2 taxes, CBAM take root
In a week that saw UN civil aviation body ICAO publish its technical report on the flagship CORSIA offsetting scheme, which is being incorporated into national regulations around the world, this and other compliance carbon pricing initiatives posed diverse challenges and opportunities around the LATAM region – from Trinidad and Tobago to Guyana, and Mexico to Brazil.
Read MoreKEY TAKEAWAYS: ICAO TAB assessments, recommendations, and public comments for CORSIA 2024 application cycle
UN civil aviation body ICAO late on Friday published reports outlining its Technical Advisory Body’s (TAB) assessments, recommendations, and public comments made during the 2024 cycle for applications by carbon credit standards seeking eligibility under the airline offsetting programme.
Read MoreBrazilian development bank calls for forest restoration proposals in Amazon, Atlantic Forest
Brazil’s National Bank for Economic and Social Development (BNDES) this week solicited proposals under initiatives collectively worth R$109 million ($18 mln) that would support forest restoration in the Amazon and Atlantic Forest.
Read MoreSAF production from microbial oil offers higher land-use efficiency, limited by high production costs -study
Oil derived from sugarcane is a promising alternative feedstock in the production of sustainable aviation fuel (SAF) given its land-use efficiency, but the process faces high production costs, researchers published in a recent study.
Read MoreEU-Mercosur deal pushed forward as “necessity” despite environment concerns
The European Union and the Mercosur group of South American countries concluded a long-awaited trade deal on Friday, calling it a “political necessity” and “historic milestone” despite environmental concerns and opposition from seven EU countries, including France.
Read MoreCarbon 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.
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