Africa roundup: Kenya surprises the market, while others press ahead with Article 6 prep
Kenya, a regional frontrunner in the race to attract carbon trading, took many in the market by surprise this month when it announced it would limit its Article 6 credit transfers despite already having a big existing project pipeline – in another sign of the uncertainties surrounding Sub-Saharan Africa’s up-and-coming carbon markets.
Read MoreANALYSIS: China’s push to curb superpollutants creates carbon credit potential
China’s policy efforts to mitigate superpollutants have advanced over the past few years, creating new potential for carbon credit development, experts told Carbon Pulse.
Read MoreLCAW26: Global carbon markets need to harmonise, with London as the hub -experts
The UK government needs to lean into the City of London’s rise as a hub for global carbon trading, and help to harness existing financial infrastructure to strengthen global carbon markets, experts said on Wednesday.
Read MoreOcean CO2 removal company raises $12.5 mln in initial Series B financing
A California-based marine carbon dioxide removal (mCDR) company raised $12.5 million in the first close of its latest funding round, targeting application of its technology in other industrial markets.
Read MoreMajor Japanese bank invests in Canadian DAC developer
A major Japanese bank has decided to invest in a Canadian startup dedicated to carbon removal solutions, eyeing the potential of Japan’s direct air capture (DAC) sector.
Read MoreCarbon ratings provider acquires AI-powered sustainability workflow platform to bolster due diligence tools
A carbon ratings agency has acquired an AI-powered sustainability workflow software platform and hired its founding team, as it seeks to expand its analytical and due diligence capabilities amid growing demand for data-driven risk assessment tools in carbon markets.
Read MoreUS improved grazing project achieves ‘A’ rating
An American improved grazing project developer announced its second independent verification in June, furthering the success of this first-of-its-kind project in the US.
Read MoreLCAW26: Voluntary carbon coalition rebrands and launches fellowship
A coalition of academic institutions, non-profits, and private businesses has rebranded itself and launched a new fellowship programme to help scale high-integrity carbon markets, the group announced Tuesday.Â
Read MoreINTERVIEW: New standard body EE looks to revive REDD market with fresh approach
Few markets have faced as severe a reputational battering as the REDD+ avoided deforestation sector in the last couple of years, but new standard body Equitable Earth (EE) plans to restore faith in saving tropical forestry with a fresh approach that is already set to protect an area the size of Portugal, the chief executive told Carbon Pulse this week.
Read MoreVerra signs over $1mln AI and workflow software deal
Verra has signed a multi-year partnership worth more than $1 mln with two software firms to deploy AI-enabled customer service and contract workflow tools across its systems, it announced Tuesday.
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