ERW startup secures $12 mln seed funding to scale in India
An enhanced rock weathering (ERW) startup this week announced it has raised $12 million in seed funding to accelerate CO2 removal from Indian agriculture.
Read MoreTop Iraqi official calls for regional carbon exchange -media
A high-ranking Iraqi official on Wednesday called for the creation of a regional carbon credit exchange led by Iraq, building upon recent momentum for state-backed carbon market development in the Middle Eastern country.
Read MoreGuyana readjusts carbon credit SOP to stabilise finance flows to Indigenous peoples
Guyana will for a second consecutive year tweak the share of proceeds (SOP) from carbon credits that is allocated to Amerindian communities, keeping absolute financial benefits the same, the vice president announced at an Indigenous national assembly on Tuesday.
Read MoreBezos Earth Fund awards $1.2 mln in first round of AI climate, biodiversity innovation grants
The Bezos Earth Fund on Tuesday unveiled the recipients of 24 inaugural Phase I grants under its AI Grand Challenge for Climate and Nature, awarding a total of $1.2 million to support the development of artificial intelligence solutions targeting some of the world’s most urgent environmental challenges.
Read MoreIntegrity body urged to further standardise permanence approaches
The Integrity Council for the Voluntary Carbon Market (ICVCM) has released its first report from the Continuous Improvement Work Programme (CIWP) focused on permanence, which welcomed the strong foundation of approaches to have been implemented across the market to date, but recognised that many of these have not been standardised.
Read MoreMicrosoft to buy 1.24 mln carbon removal credits in “world’s largest” biochar deal
Microsoft has signed the “world’s largest” biochar carbon removals deal with a South American project developer, agreeing to buy 1.24 million credits over the next decade.
Read MoreDAC developer defends technology’s role, points to solid sorbents and waste heat use
Direct air capture (DAC) is “a necessary tool in the climate toolbox”, an Amsterdam-based developer said in a statement this week, reaffirming its focus on solid sorbent systems, integration with industrial waste heat, and curtailed renewables.
Read MoreDemand for EU-certified carbon farming credits hinges on Green Claims Directive, industry says
The EU’s Green Claims Directive is key to shaping demand for EU-certified carbon farming credits, experts said repeatedly during a public workshop organised by the European Commission on Tuesday.
Read MoreREDD alert as low prices stop developers reaping rewards from high integrity carbon projects, say analysts
Verra’s new methodology for crediting avoided deforestation REDD+ projects will slash issuance levels and create a minimum floor price of $15/tonne, but the current value of units is still too low to incentivise many project developers to take the risk, according to new analysis.
Read MoreEco-Markets Australia launches cassowary credit market
An Australian environmental markets administrator on Thursday launched a new biodiversity market aimed at protecting and restoring landscapes in Queensland’s Wet Tropics region that are home to the cassowary.
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