Article 6 must break free of old paradigms to succeed, say experts
The new carbon market logic under Article 6 of the Paris Agreement must be about cooperation, not just offsetting, according to an expert report circulated on Thursday.
Read MoreMalaysian govt agency, Gold Standard sign deal for aligning forestry carbon initiatives, building capacity
Malaysia Forest Fund (MFF), a federal government agency, has signed a Memorandum of Understanding (MoU) with Gold Standard to strengthen the fund’s institutional capacity and support the development of national carbon credit initiatives, it said Thursday.
Read MoreOccidental acquires second direct air capture startup -media
Occidental Petroleum has acquired a direct air capture (DAC) startup, according to media reports, marking its second such purchase in under two years through its subsidiary Oxy Low Carbon Ventures.
Read MoreWidespread challenges persist in protecting Indigenous, local rights in forest carbon market projects -study
Despite over a decade of international commitments to uphold the rights of Indigenous and local communities (IP&LCs) involved in forest carbon markets, many initiatives are falling short in practice, according to a recently published study.
Read MoreDATA DIVE: Chilean renewable projects aim for PACM after major support from CDM
The Kyoto Protocol’s Clean Development Mechanism (CDM) played a critical role in building out Chile’s renewable energy generation, Carbon Pulse analysis of new national data has found, while dozens of Chilean renewables projects look ahead to the Paris Agreement Crediting Mechanism (PACM).
Read MoreUPDATE – Brazilian prosecutors demand cancellation of Para’s $180 mln J-REDD deal
Brazilian public prosecutors issued a recommendation recently to cancel the state of Para’s $180 million deal for the sale of jurisdictional REDD (J-REDD) credits, saying the agreement violates national law.
Read MoreWest Virginia legislature passes bill for CO2 storage under state parks
A West Virginia bill allowing the state to lease space under its parks is heading up the chain of command for final approval.
Read MoreUganda, Switzerland Article 6.2 deal “very close” to maturity -official
Uganda is very close to signing a bilateral agreement with Switzerland under Article 6 of the Paris Agreement, following the legalisation of country’s carbon market regulations earlier this month, an official from the Ministry of Water and Environment (MWE) said Wednesday.
Read MoreUS tech giant retires 52% more nature-based carbon credits in 2024
A large Silicon Valley-based technology company confirmed it had retired over 700,000 voluntary carbon credits last year, up 52% year-on-year, in its sustainability report published Wednesday.
Read MoreGlobal energy emissions may have peaked last year, analysts say
Global energy-related emissions could begin a structural decline from 2025 after likely peaking last year, despite surging electricity demand from data centres and a wider push to electrify more sectors of the economy, according to new research from BloombergNEF.
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