South Pole pausing offset sales from flagship REDD+ project amid baseline revalidation, media scrutiny
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.
Read MoreEU carbon removals plan lacks sufficient safeguards for offsetting, say researchers
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.
Read MoreSouth Korea secures first government CDM deal in Uzbekistan
South Korea has signed its first government contract to buy Clean Development Mechanism (CDM) carbon credits from a landfill gas project in Uzbekistan.
Read MoreRatings agency urges UN to learn “lessons” from voluntary carbon market for Article 6 crediting
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.
Read MoreANALYSIS: Avoidance versus removals debate reignites amid REDD over-crediting concerns
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.
Read MoreCOMMENT: Best foot forward – starting on the road to scaling carbon removals
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.
Read MoreRating agency leans into CDR technologies as market gears up to boom
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.
Read MoreIndonesia to step up blue carbon efforts, government official says
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.
Read MoreClimeCo to expand global nature-based portfolio with forest carbon developer acquisition
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.
Read MoreClimate tech firm claims initial success of its REDD+ dynamic baseline method
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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