Asset manager invests $350 mln in Latin American regenerative agriculture

Published 12:19 on December 4, 2024  /  Last updated at 12:19 on December 4, 2024  / /  Americas, Biodiversity, Nature-based, South & Central, Voluntary

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.

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European country donates up to $21 mln to Brazil’s Amazon Fund

Published 23:34 on December 2, 2024  /  Last updated at 23:34 on December 2, 2024  / /  Americas, EMEA, Nature-based, South & Central, Voluntary

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.

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IFC launches $450-mln green bond to fund biodiversity

Published 16:29 on December 2, 2024  /  Last updated at 02:23 on December 3, 2024  /  Americas, Asia Pacific, Australia, Biodiversity, South & Central

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.

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Peru publishes decree aligning national climate strategy with net zero, promotes forest land titling, REDD+

Published 15:11 on November 28, 2024  /  Last updated at 15:11 on November 28, 2024  / /  Americas, Nature-based, South & Central, Voluntary

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.

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Swiss insurer backs two carbon removal startups in net zero effort

Published 08:52 on November 28, 2024  /  Last updated at 08:52 on November 28, 2024  / /  Americas, EMEA, South & Central, Voluntary

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.

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LATAM Roundup: Road to Belem paved with carbon market intentions after landmark Article 6 decision

Published 20:40 on November 25, 2024  /  Last updated at 20:40 on November 25, 2024  / /  Americas, Climate Talks, International, Kyoto Mechanisms, Nature-based, Paris Article 6, South & Central, Voluntary

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.

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COP29: Reactions to the new Baku Finance Goal, Article 6 deal

Published 23:30 on November 24, 2024  /  Last updated at 00:53 on November 25, 2024  /  Africa, Americas, Asia Pacific, Australia, China, Climate Talks, EMEA, International, Kyoto Mechanisms, Middle East, Nature-based, New Zealand, Other APAC, Paris Article 6, South & Central, US, Voluntary

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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Bahamas inks $300 mln debt swap deal to finance marine conservation

Published 14:35 on November 22, 2024  /  Last updated at 14:35 on November 22, 2024  / /  Americas, Biodiversity, South & Central

The Bahamas government has signed a deal to refinance $300 million of its external debt, in a move that is expected to unlock more than $120 mln for marine conservation over the next 15 years.

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Largest soil carbon project in Latin America launches in Paraguay

Published 09:34 on November 22, 2024  /  Last updated at 09:34 on November 22, 2024  / /  Americas, Nature-based, South & Central, Voluntary

A Paraguayan agricultural conglomerate has partnered with a multinational developer to launch a livestock farming project that participants claim will be the largest soil carbon initiative in Latin America.

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COP29: UK commits over £200 mln to support international forest carbon markets

Published 09:16 on November 22, 2024  /  Last updated at 09:28 on November 22, 2024  / /  Americas, Climate Talks, EMEA, International, Paris Article 6, South & Central, Voluntary

The UK has pledged to commit £239 million in funding to support forest-rich nations worldwide conserve nature and biodiversity through the development of voluntary carbon markets, the government announced on the sidelines of COP29 on Friday.

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