Foreign entities capture key CDR project roles in Africa, Latin America -study
Organisations positioned to capture value from carbon removal (CDR) projects are often located outside the regions hosting those activities, according to a new analysis focusing on projects across Africa, Asia, and Latin America.
Read MoreLCAW26: Ministers look to scale forest financing ahead of COP31
Government officials set out their priority actions for scaling forest finance ahead of of November’s COP31, with a minister from Ghana sharing ambitions to ramp up forest financing “from millions to billions” during a London Climate Action Week event on Tuesday.
Read MoreLCAW26: Voluntary and compliance markets will continue to co-exist, with some linkages -registry
The widespread expectation that voluntary carbon markets will eventually fold into compliance is unfounded, according to the president of a removals registry, who instead sees both markets continuing to co-exist, with some linkages.
Read MoreINTERVIEW: Adding carbon removals to UK ETS will guarantee a market – but not demand
The UK’s planned route for integrating greenhouse gas removals (GGRs) into its Emissions Trading Scheme (ETS) would give project developers access to the compliance market – but it would not guarantee the buyers, a former UK government official told Carbon Pulse.
Read MoreEthiopia drafts bill to include banking sector in carbon markets -local media
Ethiopia’s legislature is reviewing a draft Carbon Market Proclamation that would permit local commercial banks and financial institutions to participate directly in carbon trading, local daily Ethiopia Today reported.
Read MoreCarbon developer group elects Latin America specialist to leadership role
An international carbon project developer association has elected a Brazil-based project specialist as co-vice chair, adding Latin American experience to its leadership as it seeks to influence international carbon market rules.
Read MoreFEATURE: Colombian safeguards draft decree could suffocate existing nature-based carbon projects if enacted, market players say
Provisions on crediting periods and the ownership of carbon credits in a draft decree regulating land-based mitigation activities could place even greater financial strain on an already weakened Colombian carbon market if enacted, stakeholders have told Carbon Pulse.
Read MoreLCAW26: Government coalition to publish carbon credit policy playbook at COP31
A government-led coalition of 11 countries plans to publish a non-binding policy playbook at COP31 to guide national measures aimed at increasing demand for high-integrity carbon credits, it announced Tuesday.
Read MoreVCM REPORT: CORSIA futures fall to fresh 2-year lows, wider credit demand shows strong signs amid focus on quality
CORSIA futures sank to fresh two-year lows last week, with benchmark contracts slipping further below $10/tonne as uncertain sentiment over demand continued, while there were some positive signals in terms of retirements in the wider voluntary carbon market (VCM) amid an ongoing refocusing on quality.
Read MoreGold Standard launches updated climate responsibility framework
Gold Standard has published updated climate responsibility guidance that gives companies more detailed recommendations on indirect abatement, ongoing emissions responsibility, and credible climate claims.
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