Carbon market investment has exploded since 2021, analysts find
Some $42 billion has been spent was spent on the origination and development of 11,752 registered and pre-registered carbon credit projects globally, and about half of this, $22 bln, happened between 2021 and 2023, analysts estimate.
Read MoreFrance launches voluntary biodiversity credit scheme
The French government has announced the launch of a national scheme for voluntary biodiversity credits, in an attempt to mobilise private financing towards nature conservation and restoration.
Read MoreCOP29: Thailand to present draft climate change bill to cabinet in December -official
The government of Thailand will submit the draft climate change bill containing provisions for an emissions trading scheme and a carbon tax for cabinet approval by December, but expecting a final bill to be implemented only by 2026, a government official told Carbon Pulse.
Read MoreAU Market: ACCU price hits A$42 amid accelerating demand, supply concerns
Australian Carbon Credit Unit (ACCU) prices on the secondary market have surged to A$42 ($26.55), as buying activity continues to ramp up by facilities covered under the Safeguard Mechanism ahead of the March deadline.
Read MoreCOP29: Russia, Ethiopia partner on low-carbon development initiatives
BRICS members Russia and Ethiopia signed a memorandum of understanding (MoU) on low-carbon development at COP29 in Baku, local media reported on Thursday.
Read MoreCOP29: Back on track – New Article 6 text opens door to finalising trade rules in Baku
A new Article 6 text published Friday after a late night of work in Baku has put talks on finalising international carbon trade rules firmly back on track, according to sources close to the negotiations, following a nervy reaction to a chaotic, 43-page previous draft.
Read MoreCanadian carbon financier boosts Article 6-labelled credit inventory to 1.7 mln
Canada-based Base Carbon has an inventory of more than 1.7 million Article 6-authorised cookstove credits on its balance sheet, the company said in third quarter results.
Read MoreDATA DIVE: Too soon to draw conclusions on CORSIA carbon credit supply and demand
With four new standards approved to supply CORSIA compliance last month, and the aviation sector now well into its first phase, the voluntary carbon market is starting to make predictions around prospective supply and demand for the UN’s international aviation offsetting scheme – but it may be too soon to forecast what will be needed, and what will be available to buy.
Read MoreCOP29: Developing countries demand more transition finance to stop exploiting fossil fuels
Developing countries relying on oil and gas extraction for state revenues need technical and financial support to phase it down — even if they are keen to follow through on last year’s COP28 global commitment to pursue a just and orderly transition away from fossil fuels, according to experts at COP29.
Read MoreUK REDD+ project developer launches insurance product for its carbon credits
A London-based jurisdictional REDD+ (JREDD+) project developer has introduced a new insurance feature for its carbon credits, the organisation announced on Thursday.
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