Colombia’s incoming environment minister vows carbon market revival, reversing outgoing government’s measures -media
Colombia’s incoming environment minister has pledged to revive the country’s carbon market by reversing key policies introduced under the outgoing administration, including a cap on the use of carbon credits to offset the national carbon tax and controversial draft regulations governing carbon projects.
Read MoreTemasek sustainability portfolio value grows to S$49 bln, maintains net zero goal
Singapore sovereign investor Temasek recorded 7% year-on-year growth in its sustainability portfolio value to S$49 billion ($37.8 bln) and opted to maintain its focus on enabling carbon market solutions as a pillar of its net zero goal, according to financial year-end figures published on Wednesday.
Read MoreMexican state signs agreement to explore jurisdictional ART carbon programme
A Mexican state has signed an agreement to assess the development of a jurisdictional forest carbon programme under the Architecture for REDD+ Transactions (ART) TREES standard covering almost 3 million hectares, it announced this week.
Read MoreCDR MONTHLY: Market consolidates after SBTi update provides long-term boost
June saw the durable CDR market consolidate as developers digested an announcement from the Science Based Targets initiative’s (SBTi) that will see a demand boost in the long term, as monthly contracted tonnes fell to around 350,000 tonnes in deals.
Read MoreCarbon project pathway under review for Kenya land restoration, biomass initiative
A proposed Kenya land restoration and renewable biomass initiative could advance into carbon project development if a new feasibility assessment finds it technically and commercially viable, a Canada-based carbon offset provider said on Wednesday.
Read MoreSingapore-based carbon platform partners with futures exchange to ease carbon trading
A Singapore-based price assessment platform has linked up with a futures exchange to ease trading hedging risk in carbon markets, it was announced Wednesday.
Read MoreBRIEFING: Chile’s low CO2 tax rate excluding REDD+ credits, unlikely to rise
Chile’s Ministry of Environment (MMA) is actively courting REDD+ projects to diversify the portfolio of carbon credits used to offset its CO2 tax – but the low $5 per tonne tax rate can make it economically inviable to integrate them.
Read MoreCorporate buyers commit to 635k carbon removals from Indonesia restoration project
Two major corporate buyers have agreed to purchase more than 635,000 carbon removals over 10 years from an agroforestry project seeking to restore 6,000 hectares of degraded land in Indonesia’s Sulawesi, the project developer said.
Read MoreIrish native woodland project enters verification process ahead of first carbon credits
An Irish native woodland restoration project has entered independent third-party validation under the Origin Xero Carbon Programme, marking another step towards the issuance of what its developer says will be verified domestic carbon credits and highlighting progress in Ireland’s nascent voluntary carbon market.
Read MoreEnvironmental groups urge DRC to pause carbon market law, warning over governance risks
Environmental groups in the Democratic Republic of the Congo (DRC) have called on the government to halt its proposed carbon market legislation, warning that the draft law risks undermining existing governance reforms and investor confidence by advancing without sufficient consultation.
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