Brazilian development bank, beverage giant approve $1.6 mln to restore biomes in Ceara
Brazil’s National Bank for Economic and Social Development (BNDES) has approved R$5 million ($800,000), matched by a multinational beverages company, for the restoration of territory in Ceara State as part of a nationwide initiative for ecological restoration and CO2 removal.
Read MoreChilean REDD+ programme brings in $5.1 mln via World Bank facility deal
The World Bank has disbursed funds through the Forest Carbon Partnership Facility (FCPF) to Chile for 1.03 million tonnes of CO2 reduced via a REDD+ programme, at a price of $5 per tonne.
Read MoreIsometric issues first verified enhanced weathering credits
Isometric has issued removal credits to a German-Brazilian climate-tech company, with what’s claimed to be world’s first supply of independently verified enhanced weathering (EW) units purchased by a Dutch payment platform.
Read MoreLATAM Roundup: Region looks inward to meet mitigation goals, Colombia releases CO2 tax data
The new year is poised to springboard domestic compliance markets, regulated voluntary markets, and Paris Agreement projects in Latin America and the Caribbean – but sees reluctance to rely on Article 6 to be a main driver of mitigation – as the region builds internal capacity to launch green growth.
Read MoreResearchers propose framework for social considerations in urban NBS project selection, siting
Academics from universities across the globe outlined in a paper published earlier this month a methodological framework they said can guide the optimal selection and siting of nature-based solutions (NBS) projects in urban contexts by incorporating social and other considerations.
Read MoreDeadline approaching for $550k IDB tender to pilot blue carbon credit system in Trinidad and Tobago
The deadline is approaching for a $550,000 Inter-American Development Bank (IDB) tender to pilot a blue carbon credit system in Trinidad and Tobago.
Read MoreBIOFIN sets out actions to scale biodiversity credit market in Colombia
Scaling the voluntary biodiversity credit market could help Colombia bridge the financing gap on ecosystem services preservation, though steps must be taken to improve integrity and unlock corporate investments, the UN Biodiversity Finance Initiative (BIOFIN) has said.
Read MoreDeveloper launches appeal after judge rules in favour of Indigenous people in case over large Peruvian REDD project
A Peruvian offset developer on Friday appealed a case involving one the world’s biggest historical issuers of REDD-based carbon credits, after a judge ruled against the project’s backers, including several government agencies, and ordered the nullification of some forest concessions.
Read MoreLATAM Year in Review: Carbon markets spring forward as major economies advance pricing schemes
Carbon Pulse rounds up the most significant carbon pricing trends and developments in the Latin America and Caribbean (LATAM) region for 2024, highlighting a diversifying and increasingly international markets landscape, as major regional powers, notably Brazil, took a big step forward in advancing mechanisms.
Read MoreBrazil Securities and Exchange Commission approves accounting guidelines for carbon units
Brazil’s Securities and Exchange Commission (CVM) on Monday approved new technical guidelines for valuing three kinds of domestic carbon units on balance sheets, setting the stage for a new era in accounting.
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