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South Pole pausing offset sales from flagship REDD+ project amid baseline revalidation, media scrutiny

Published 07:24 on January 27, 2023  /  Last updated at 01:25 on January 28, 2023  /  Africa, EMEA, International, Nature-based, Voluntary  /  No Comments

Carbon credit developer and intermediary South Pole will not immediately sell recent-vintage offsets from a major African REDD+ project as the firm reassesses the initiative’s emissions baseline, the company said Friday after an investigative report argued the undertaking over-credited tens of millions of voluntary emissions reductions throughout the past decade.

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EU carbon removals plan lacks sufficient safeguards for offsetting, say researchers

Published 22:47 on January 27, 2023  /  Last updated at 22:47 on January 27, 2023  /  EMEA, Nature-based, Voluntary  /  No Comments

An EU’s proposal for a voluntary carbon removal certification scheme lacks sufficient rigour to ensure soil carbon credits are not overstating their climate benefits, according to research commissioned by the German government that recommended against using such credits for offsetting purposes.

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South Korea secures first government CDM deal in Uzbekistan

Published 11:19 on January 27, 2023  /  Last updated at 11:19 on January 27, 2023  /  Asia Pacific, Kyoto Mechanisms, Other APAC, Paris Article 6, South Korea, Voluntary  /  No Comments

South Korea has signed its first government contract to buy Clean Development Mechanism (CDM) carbon credits from a landfill gas project in Uzbekistan.

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Ratings agency urges UN to learn “lessons” from voluntary carbon market for Article 6 crediting

Published 04:18 on January 26, 2023  /  Last updated at 04:26 on January 26, 2023  /  International, Nature-based, Paris Article 6, Voluntary  /  No Comments

The co-founder of a carbon credit ratings agency on Thursday urged the UN to ensure that the “lessons of the voluntary carbon market” are applied to the issuance of credits under the Paris Agreement’s Article 6, referring to recent media allegations of over-crediting in REDD+ projects.

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ANALYSIS: Avoidance versus removals debate reignites amid REDD over-crediting concerns

Published 02:19 on January 26, 2023  /  Last updated at 03:49 on January 26, 2023  /  International, Nature-based, Voluntary  /  No Comments

Concerns about over-crediting of REDD+ forest conservation projects have rekindled debate on whether carbon removals are preferable to carbon avoidance, though the differences are not always clear.

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COMMENT: Best foot forward – starting on the road to scaling carbon removals

Published 21:09 on January 26, 2023  /  Last updated at 21:09 on January 26, 2023  /  Contributed Content, Other Content, Voluntary  /  No Comments

Understanding the scalability of different carbon removal methods is a crucial first step on this journey towards achieving the billions of tonnes of removals a year needed to meet international climate targets, write Ted Christie-Miller and Victoria Harvey of BeZero Carbon.

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Rating agency leans into CDR technologies as market gears up to boom

Published 21:07 on January 26, 2023  /  Last updated at 22:02 on January 26, 2023  /  International, Voluntary  /  No Comments

A carbon credit rating agency has created a scalability assessment for carbon dioxide removal (CDR) technologies, as the voluntary market tilts further towards projects that remove rather than avoid CO2 emissions.

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Indonesia to step up blue carbon efforts, government official says

Published 12:10 on January 26, 2023  /  Last updated at 12:10 on January 26, 2023  /  Asia Pacific, Nature-based, Other APAC, Voluntary  /  No Comments

The Indonesian government plans to step up efforts to preserve seagrass and mangroves as part of its climate change policy and to improve the Southeast Asian country’s blue carbon potential, local media has reported.

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ClimeCo to expand global nature-based portfolio with forest carbon developer acquisition

Published 06:26 on January 25, 2023  /  Last updated at 06:33 on January 25, 2023  /  Americas, Nature-based, US, Voluntary  /  No Comments

Environmental services firm ClimeCo on Wednesday announced it has acquired a forest carbon developer and modelling firm that will help the US-based company expand its portfolio of overseas nature-based offset projects.

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Climate tech firm claims initial success of its REDD+ dynamic baseline method

Published 04:39 on January 25, 2023  /  Last updated at 04:39 on January 25, 2023  /  Americas, Nature-based, South & Central, US, Voluntary  /  No Comments

A US-based climate tech firm on Wednesday said it has initially validated a dynamic baseline that ensures REDD+ offsets equate to real emissions reductions, in what the company argues is a possible solution to over-crediting controversies that have reverberated through the voluntary carbon market in recent days.

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