CDR demand to outstrip supply fivefold by 2036 -report
Demand for durable carbon removals (CDR) could outstrip annual supply more than five times by 2036, opening a roughly 50 million tonne shortfall as corporate needs struggle to be met by a market that has issued just 2 mln units to date, according to a new report.
Read MoreMongolia passes first climate change law
Mongolia’s parliament has passed the country’s inaugural law on climate change, creating a legal framework to curb emissions, build climate resilience, and advance the carbon market.
Read MoreIndonesia’s flagship carbon project resumes issuance with 20 mln credits
Indonesia’s flagship project on avoided deforestation re‑entered the global carbon market with the verification of 20 million credits, one of the project managers said.
Read MoreCrowdfunding campaign targets regen agriculture soil carbon projects in Spain
A crowdfunding campaign has been launched in Spain to finance the expansion of soil carbon projects, aiming to bridge a financing gap between the adoption of regenerative farming and the issuance of carbon credits.
Read MoreFEATURE: Corporate non-market environmental donations are picking up, driven by employees and business value -experts
Voluntary giving by companies to environmental outcomes outside of formalised markets is starting to pick up this year after a few years of lacklustre growth, with more willingness to go public on action, and for reasons of talent acquisition and business value, according to experts in the field.
Read MoreCarbon ratings agency deepens Japan expansion with new partnership
A carbon ratings agency on Friday partnered with a Japanese developer to launch an initiative to improve transparency around the quality of forest carbon credits.
Read MoreUPDATE – Carbon credit insurers receive Verra approval for durability pilot
A Zurich-headquartered carbon credit insurer has received Verra approval for its reversal insurance under the standard’s durability pilot initiative.
Read MoreBrazilian development bank seeks buyers for R$6 bln in reforestation carbon credits
Brazil’s National Bank for Social and Economic Development (BNDES) launched a public call on Thursday to attract large companies interested in buying carbon credits from reforestation in the Amazon Rainforest.
Read MoreCarbon standard finalises new bioCCS methodology in bid to align with EU carbon removal framework
Rainbow has finalised a methodology for biogenic carbon capture and storage (bioCCS) that directly incorporates requirements from the EU’s Carbon Removals and Carbon Farming (CRCF) regulation, marking one of the first voluntary carbon market methodologies explicitly designed around the bloc’s emerging carbon removal certification framework.
Read MoreIsometric issues first reforestation credits for Brazilian developer with Google, Microsoft deals
Isometric has issued nearly 22,000 reforestation carbon credits to an Amazonian project from a Sao Paulo-based developer, the first such credits for both companies, they announced on Wednesday.
Read More