Hope fading fast of airlines meeting net zero 2050 goal, warns airline body
Airlines may need an easier climate target because “hope was fading fast” of meeting the net zero 2050 goal, an industry body has warned.
Read MoreSouth African rangeland carbon project seeks Verra-approved validator
A South African rangeland restoration programme is seeking a Verra-approved validation and verification body (VVB) to assess an initial project area covering more than 173,000 hectares, it announced last week.
Read MoreFiji exits World Bank carbon programme after failing to meet requirements
Fiji’s Ministry of Finance has ended the country’s participation in the World Bank‑backed Forest Carbon Partnership Facility (FCPF) Carbon Fund Emission Reductions Program (ERP), after failing to meet key requirements, a World Bank report said.
Read MoreIndonesia drafts climate justice law to share carbon trading gains with local communities
Indonesia’s Ministry of Environment and its Environmental Control Agency (KLH/BPLH) are drafting a climate justice law to ensure carbon trading benefits reach Indigenous peoples, local communities, and villages, rather than remaining concentrated among businesses, local media reported.
Read MoreLaunch of carbon removal offtake call from reforestation in Colombia
Some 1 million carbon removal units are available from 2030 from a reforestation project in Colombia, according to a call for offtake launched by a project developer and climate consultancy.
Read MoreGlobal airline association launches alliance to boost CORSIA credit supply
The International Air Transport Association (IATA) has launched an alliance to boost the supply of carbon credits eligible for compliance with CORSIA by spring 2027, it announced on Saturday.
Read MorePortugal registers first project under national VCM
An afforestation initiative has become the first-ever project to register on Portugal’s voluntary carbon market (VCM) platform, launched last October.
Read MoreNewly-launched forest conservation finance vehicle seeks $50 mln for community-led projects
A forest finance facility launched Friday is targeting an initial $50 million raise to provide early-stage and continuity capital for Indigenous and traditional community-led forest conservation projects.
Read MoreUS bank signs second carbon removal deal with bio-oil developer
A large US bank has signed its second carbon removal offtake deal with a developer of bio-oil projects, bringing its total commitment with the company to 90,000 tonnes.
Read MoreICE loses legal battle with environmental markets firm over use of tradename
London’s Intercontinental Exchange (ICE), the world’s largest marketplace for environmental derivatives, has lost a legal tussle this week over its world famous acronym, after a Dutch court ruled that a crypto trading company, owned by an environmental markets firm and using a similar branded registration, did not infringe on the bourse’s trademark.
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