UNDP urges South Africa to rethink biodiversity funding options
South Africa’s biodiversity stewardship model has been successful but relies heavily on public and NGO funding, creating a finance gap that must be closed through other sources, according to the UNDP’s Biodiversity Finance Initiative (BIOFIN).
Read MoreCWNYC24: Drax launches ‘Elimini’ to spearhead global ambitions in carbon removal
UK power company Drax has launched a new US-based subsidiary at New York Climate Week that will spearhead its plans to become a global leader in bioenergy with carbon capture and storage (BECCS).
Read MoreUPDATE – CWNYC24: Brazilian state signs deal worth $180 mln to sell J-REDD+ carbon credits
A Brazilian state has agreed a deal worth an estimated $180 million to sell jurisdictional REDD+ credits to a public-private forest finance coalition.
Read MoreData platform releases nature footprint mapping tool
An open-access data platform has launched a tool aimed at enabling companies, financial institutions, and governments to better understand their impact on nature, it announced Tuesday during Climate Week NYC.
Read MorePREVIEW: Low expectations as IMO talks to cut shipping emissions kick off
Talks starting next week at the International Maritime Organisation (IMO) on whether to introduce a global greenhouse gas levy and a goal-based fuel standard for the shipping sector are unlikely to yield significant advances, according to people close to the negotiations.
Read MoreINTERVIEW: EU’s default emissions factors should be “avoided at all cost” by private sector
EU default values that convert business spend into Scope 3 emissions are outdated, inaccurate, and “need to be avoided at all costs” for firms doing mandatory reporting, according to the head scientist at a proprietary emissions factor database.
Read MoreEuro Markets: EUAs stand firm, flat as gas sheds over 2%
European carbon allowances held firm on Tuesday, even as gas moved lower, trading in a thin range with support from some late compliance buying ahead of next week’s deadline, with participants also keeping close to key price points in anticipation of Wednesday’s options expiry.
Read MoreSBTN corporate pilot paves the way for nature target adoption despite tough challenges
The Science Based Targets Network (SBTN) outlined the outcomes of its first corporate pilot for nature targets, with some companies gearing up for adopting their drafts, in a report published on Monday.
Read MoreCWNYC24: Annual nature-based solution investments in Brazil, Caribbean grow past $1.6 bln -report
At least $1.67 billion have been allocated to nature-based solutions (NbS) in Brazil and the Caribbean over the past year, with agriculture-focused solutions seen as the top priority, according to a report released this week.
Read MoreRegen Network reveals Registry 2.0 plan for ecological claims beyond credits
US-based environmental credit platform Regen Network Development aims to expand the scope of what can be listed on its registry beyond credits in its next version.
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