COP29: Brazilian state poised to offer REDD+ carbon credits worth millions
A rainforest-rich Brazilian state will aim to sell REDD+ carbon credits worth hundreds of millions as part of sales facilitated by an international commodities trader, its government said at COP29.
Read MoreCOP29: Brazilian state signs J-REDD+ credits deal with environmental management firm
A Brazilian state government has entered into an agreement with an environmental management firm to commercialise Jurisdictional REDD+ (J-REDD+) carbon credits while boosting sustainable investments and supporting local communities within the Amazon region.
Read MoreBrazil’s Senate overcomes long-standing impasse, approves national ETS legislation
Brazil’s Senate voted Wednesday to approve landmark national ETS legislation, overcoming a year of negotiations to pass a cap-and-trade scheme set to be the largest in Latin America.
Read MoreBrazilian oil refiner to produce SAF, RD using industrial hydrotreating technology
An oil refinery based in Rio Grande, Brazil has signed an agreement with a Danish CO2 reduction tech firm to deploy the latter’s hydrotreating technology for the production of sustainable aviation fuel (SAF) and renewable diesel (RD).
Read MoreCOP29: Brazil second country to submit new NDC round, aims to cut emissions by two-thirds
Brazil submitted its nationally determined contribution (NDC) plan that entails reducing emission by up to two-thirds to the UNFCCC at COP29 on Wednesday, but observers cautioned that the country needs to take steps to ensure its ambitions are met.
Read MoreRegen, Terrasos partner to develop blockchain platform for biodiversity credit market
US-based environmental credit platform Regen Network Development and Colombia-based developer Terrasos have partnered to create a new blockchain-based system for enabling transparent sales of biodiversity credits.
Read MoreCOP29: Verra, Amazonas state sign agreement to collaborate on carbon markets
Verra and the government of Amazonas have signed a memorandum of understanding (MoU) Wednesday on the sidelines of COP29 to collaborate on strengthening the Brazilian state’s engagement with carbon markets.
Read MoreLosses mount for carbon credit financier after it writes off two more projects
A Toronto-based carbon credit financier has seen its financial losses mount after it was forced to write off two more projects.
Read MorePeru launches registry rules for Article 6, voluntary carbon market
The Peruvian government on Tuesday published regulations to launch and operationalise its long-awaited national carbon registry.
Read MoreCOP29: Carbon pricing, global financial overhaul needed for climate justice -Barbados
The government of Barbados, an outspoken voice advocating global financial reform at the so-called ‘finance COP’, has called for integrating carbon pricing into climate justice to support historically marginalised, climate-vulnerable developing countries.
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