Chile adds two new standards to roster of offsets admissible under CO2 tax
Chile’s CO2 tax, which accepts select carbon units in lieu of payment on a tonne-for-tonne basis, has added two new standards and all their methodologies to its eligibility pool, potentially bringing in millions of tax-eligible credits to a supply-constrained market.
Read MoreBrazilian state, national development bank launch $9.5 mln notice for Atlantic Forest restoration
A Brazilian state and the country’s national development bank announced Wednesday the launch of a public notice of up to R$60 million ($9.5 mln) to support about 30 local ecological restoration projects in the Atlantic Forest biome.
Read MoreVerra releases provisional allocated deforestation risk maps for revamped REDD methodologies
The international carbon standard released Wednesday provisional versions of allocated deforestation risks maps for three Brazilian states within recently revamped REDD methodologies under its Verified Carbon Standard (VCS).
Read MorePeru court demands land titling, nullified concessions in one of most-credited REDD carbon projects
A judge in the San Martin region of Peru has ruled against several government agencies and an NGO developer that manages one of the world’s biggest historical issuers of REDD credits, in favour of Indigenous peoples, ordering the state to apply land titles to ancestral lands, nullify some forest concessions, and conduct community consultations with benefit-sharing.
Read MorePakistan, Bahamas join call to end use of fossil fuels
Pakistan has become the first South Asian nation to commit to discussions with the Fossil Fuel Non-Proliferation Treaty initiative even as Bahamas has joined the bloc negotiating the winding down of fossil fuel production, a statement released Wednesday said.
Read MoreStrategic enrolment, anticipatory behaviour in JREDD risk undermining fight against mass deforestation, study warns
A new study has raised concerns about the effectiveness of jurisdictional REDD+ (JREDD) programmes, revealing how strategic enrolment decisions and anticipatory behaviour risk undermining efforts to curb deforestation and reduce carbon emissions.
Read MoreBrazil sets 2034 GHG reduction, waste oil targets centred on biofuels -media
Brazil’s National Council for Energy Policy (CNPE), an advisory body to the president, this week approved resolutions in support of targets for biofuels-based greenhouse gas (GHG) mitigation and to encourage the use of residual oils and fats in biofuels, according to local media reports.
Read MoreBrazil’s BNDES, Conservation International issue $3.8 mln call for forest restoration
Brazil’s National Bank for Economic and Social Development (BNDES) and the NGO Conservation International Brazil have launched the Forest for Well-Being call for proposals, featuring funding of up to R$23 million ($3.8 mln).
Read MoreGoogle-backed rock weathering startup raises $60 mln to scale carbon removal
An enhanced rock weathering startup has raised nearly $60 million and secured around 300,000 tonnes in advanced purchase agreements to scale its carbon removal solution.
Read MoreBrazil ETS gets final presidential approval
Brazil’s long-awaited emissions trading system (SBCE) legislation has been sanctioned by President Luiz Inacio Lula da Silva, appearing in the Official Gazette of the Union (DOU) on Thursday.
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