COP29: ICVCM underscores Indigenous Peoples protection behind REDD+ decision
The Integrity Council for the Voluntary Carbon Market’s (ICVCM) recent approval of three REDD+ methodologies paid special attention to the environmental and social safeguards of Indigenous and local communities, an ICVCM senior expert said Thursday.
Read MoreBrazilian public prosecutors ask court to suspend Amazonas carbon credit concessions -media
Brazilian public prosecutors asked a federal court this week to suspend carbon credit concessions launched by the state of Amazonas, citing concerns around potential violations of Indigenous rights, according to a national media outlet.
Read More13% of companies buying carbon offsets apply them to 100% of their emissions -report
Some 13% of companies that are offsetting their emissions are applying the resulting credits to 100% or more of their Scope 1, 2, and 3 emissions, according to a report released on Wednesday.
Read MoreTrust in voluntary carbon markets will come with time – and regulation, experts say
The EU’s Green Claims Directive, currently under negotiation in Brussels, could go some way towards restoring trust in the voluntary carbon market (VCM), provided that policymakers do it right and don’t overstretch their mandate, experts say.
Read MoreDeveloping new oil and gas fields can help cut emissions, Wood Mackenzie argues
New oil and gas fields are less carbon-intensive than old ones because they use state-of-the-art technology, providing significant decarbonisation gains, consultancy Wood Mackenzie said in a new report published on Thursday.
Read MoreNew tool to offer customisable climate risk analysis for investors
Investors can now customise how they analyse climate risks and portfolio alignment with global temperature goals, thanks to a new reporting tool released on Thursday.
Read MoreGhana Article 6.2 cookstoves project accused of over-crediting by up to 79%
A Swiss NGO has alleged that a clean cooking project developed under a bilateral agreement between Ghana and Switzerland is using assumptions that inflate issuances of credits generated under Article 6.2 of the Paris Agreement, known as Internationally Transferred Mitigation Outcomes (ITMOs).
Read MoreLeading project developers urge SBTi to listen to Global South and allow credits for Scope 3 mitigation
Project developers are urging the SBTi to listen to the Global South and allow credits to be used for Scope 3 emission targets to strengthen the voluntary market.
Read MoreCOP29: Business coalition calls for clear commitment to transition away from fossil fuels
More than 260 companies have signed a letter outlining what is needed to expedite the shift away from fossil fuels, urging negotiators to tighten up texts at the COP29 global climate summit, underlining that policy clarity is crucial for private sector support.
Read MoreTexas DAC hub to run solely on wind power
Two project developers announced on Thursday the construction of a direct air capture (DAC) facility to be run entirely on wind power and stored onsite using geological storage in central Texas.
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