Canadian DAC developer inks deal with large bank for 18k credits
A Canadian bank has signed a deal to purchase 18,000 verified direct air capture (DAC) carbon removal (CDR) credits from a Montreal-headquartered project developer, it was announced on Thursday.
Read MorePapua New Guinea unveils enhanced NDC, secures €2.1 mln in EU climate funding
Papua New Guinea has set a pathway to reach net zero emissions by 2030 and become net-negative by 2035 under a near-final update to its national climate pledge, while simultaneously securing new EU funding to strengthen climate finance, forest monitoring, and biodiversity governance.
Read MoreUK govt urged to set up carbon reporting office, streamline data
The UK government needs to create a dedicated carbon reporting office in order to streamline an increasingly fragmented landscape of regulations and approaches to emissions accounting, according to a report published on Thursday.
Read MoreCorporate net zero targets need clearer split between controllable cuts and external barriers -report
Companies should split net zero targets between emissions cuts they can deliver themselves and reductions that depend on wider system change, as part of a more honest approach to corporate climate commitments, according to a report published Thursday.
Read MoreMachine learning-guided composting could turn global organic waste sector into carbon sink -researchers
Optimising composting practices using machine learning could transform the global organic waste sector from a net greenhouse gas emitter into a carbon sink while conserving nutrients for agriculture, according to a new study.
Read MoreClimate infrastructure provider, CDR financier ink one of India’s largest biochar offtake deals
An India‑based climate infrastructure company has signed a multi‑year agreement with a carbon removal (CDR) financier to deliver 180,000 tonnes of biochar removals, in what the partners say is one of the largest long‑term offtake deals of its kind from the South Asian country.
Read MoreLACS26: INTERVIEW – Verra sees Misiones approval as slingshot for new wave of jurisdictional REDD+ programmes
Several governments across Latin America and the Caribbean are studying how to replicate Argentina’s Misiones programme after it became the first jurisdictional REDD+ initiative approved under Verra’s Jurisdictional and Nested REDD+ (JNR) Framework, the standard’s regional representative told Carbon Pulse.Â
Read MoreMining drives 34 times more offsite forest loss than direct clearing in sub-Saharan Africa -study
Mining activities across sub-Saharan Africa have triggered far more deforestation beyond mine boundaries than within them, with every hectare of forest directly cleared for mining associated with nearly 34 additional hectares of offsite forest loss, according to a new study.
Read MoreLACS26: Mexico targets end-2026 launch for ETS, national offsetting programme
The Mexican government is aiming to publish the regulation required to make its emissions trading system (ETS) fully operational by the end of 2026, accompanied by a national programme to boost local supply of carbon credits, according to a federal official.
Read MoreLACS26: Climate ambition, regulatory certainty could command premium in international carbon markets, experts say
The climate ambition of host countries and the stability of their regulatory frameworks are increasingly emerging as factors that could influence the price of internationally-traded carbon credits, as buyers and proponents seek to manage sovereign risks beyond the control of project execution, legal experts said this week during the Latin America Climate Summit (LACS) in Mexico.
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