Amazon deforestation falls by over 30%, records largest drop in 15 years
Deforestation in Brazil’s Amazon fell by more than 30% between Aug. 2023 and July 2024, marking the most significant percentage drop in 15 years, according to government data.
Read MoreBrazil’s Para to launch $44 mln forest restoration concession -official
The environmental secretary of Brazil’s Para said the state will launch at COP29 a R$250 million ($44 mln) concession for the restoration of 10,000 hectares of forest with the intention of generating carbon credits.
Read MoreColombian afforestation projects often use non-native species, unsuited ecosystems -study
A peer-reviewed study of dozens of afforestation, reforestation, and revegetation (ARR) projects in Colombia has found that while they have removed over 100 million tonnes of CO2, afforestation often uses non-native species or situates projects in ecologically inappropriate biomes.
Read MoreUPDATE – Brazil’s Senate postpones vote on updated national ETS legislation
Brazil’s Senate on Tuesday postponed voting on a new compromise version of long-awaited national cap-and-trade legislation until next week.
Read MoreBrazilian partnership to restore 334k hectares of forest, generate carbon credits
An alliance of several Brazilian public institutions on Friday agreed to structure new forest concessions for sustainable logging and forest restoration, offsetting the cost of restoring 334,000 hectares of degraded areas in the Amazon using the proceeds from carbon credits.
Read MoreBrazilian developer reviews unit count, price under updated biodiversity credit methodology
A Brazil-based developer has revised its biodiversity credit methodology to more clearly define the units within its framework, resulting in changes to the number of credits generated by its project as well as adjustments to pricing, the company told Carbon Pulse.
Read MoreBrazilian REDD+ frameworks must address planned deforestation risk – developers’ group
A group of Brazil-based nature-based solutions carbon credit project developers said in a technical note last week that the development of jurisdictional REDD+ approaches (J-REDD+) in the country must better address the risk of planned deforestation.
Read MoreLATAM Roundup: Countries press pause, press on, press regulation
The week ending Nov. 3 saw hugely varied news for carbon markets in Latin America and Caribbean, alternately accelerating and decelerating market development in core and emerging markets like Brazil, Argentina, and Panama.
Read MoreRedesigning payments for forest conservation could boost cost-effectiveness, researchers find
New research suggests that redesigned contracts in forest conservation programmes could significantly reduce deforestation at a fraction of the usual cost.
Read MoreArgentine carbon markets bill centres national registry, empowers regulator
Argentina’s new carbon bill prescribes a revitalised national registry but defers key details regarding Article 6 and the voluntary market (VCM) to a domestic regulatory body, diverging from more explicit approaches seen in other Latin American countries.
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