Congo Basin industrial logging emits 87.5 Mt of CO2 annually, satellite analysis finds
A new satellite-based assessment has found that industrial logging concessions across Africa’s Congo Basin emit around 87.5 million tonnes of CO2 annually, while widespread adoption of reduced-impact logging practices could cut those emissions by up to 58% and unlock hundreds of millions of dollars in carbon finance.
Read MoreIndia seeks public input on draft rules for carbon offset scheme
India’s Bureau of Energy Efficiency (BEE), administrator of the country’s emerging carbon market, has launched a public consultation on draft rules governing Programmes of Activities (PoA) under the offset mechanism.
Read MoreCarbon market investor expands Asia presence with Singapore office
A California-headquartered carbon credit investment and project management firm has opened a regional office in Singapore amid its Asian expansion efforts.
Read MoreMajor firms deepen climate commitments as carbon credit adoption rises, report finds
More than half of the world’s largest companies now have net zero targets and nearly half plan to use carbon credits as part of their climate strategies, according to a report released Tuesday, highlighting the continued mainstreaming of voluntary carbon markets among major corporates.
Read MoreSenegal mangrove project second registered under Verra’s wetlands methodology
A mangrove restoration project in western Senegal has been registered under Verra’s Verified Carbon Standard (VCS) and Climate, Community, and Biodiversity (CCB) standards, becoming the second globally under the body’s flagship VM0033 blue carbon methodology, its developer announced this week.
Read MoreVerra puts large Zambian agriculture, forestry project on hold
Verra has put a large Zambian REDD+ project on hold, six years after project registration, according to the standard body’s registry.
Read MoreUN-backed restoration finance facility backs Peru forest carbon developer
A UN-backed restoration finance facility has partnered with a Peru-focused nature-based solutions developer to help advance a pipeline of community-led forest restoration and conservation projects targeting carbon, biodiversity, and sustainable land-use outcomes across Latin America.
Read MoreCarbon removals linked to UK ETS should have a project-risk assessment, says ratings agency
The UK government should incorporate project-level ratings assessments when they integrate domestic carbon removals into their Emissions Trading System (ETS), a ratings agency said Tuesday.
Read MoreBusiness coalition urges EU to heed its ideas for scaling carbon farming
A group of companies including Danone, Nestle, and Unilever, shared a set of recommendations on Tuesday which it says could accelerate a European agricultural transition under the bloc’s Carbon Removal Carbon Farming (CRCF) regulation.
Read MoreINTERVIEW: Contracted durability mechanisms could shore up nature-based removals under new SBTi corporate climate standard
A carbon project developer has pitched contracted durability mechanisms as a way to manage reversal risk, suggesting these buffer pool alternatives could equalise nature- and tech-based removal credits under the newly-introduced requirements of the Science-based Targets initiative’s (SBTi) latest Corporate Net-Zero Standard.
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