Canadian voluntary carbon firm purchases 1.2 mln Brazilian REDD+ credits
A Vancouver-based carbon credit financier announced Thursday its purchase of 1.2 million credits from a Brazilian REDD+ project, designed to conserve nearly 200,000 hectares of Amazon rainforest.
Read MoreNew Zealand updates industrial carbon allocation baselines, pushes tough calls to next year
The New Zealand government on Friday updated the baselines for free allocation of permits to industrials for the first time since 2010, but postponed final decisions on the steel and aluminium sectors until April next year.
Read MoreRevised Cercarbono REDD methodology to incorporate jurisdictional, nesting needs
Colombia-based international carbon standard Cercarbono is building compatibility with ‘nesting’ and jurisdictional REDD+ (J-REDD) into its forthcoming updated REDD+ methodology.
Read MoreArticle 6 trades could begin flowing next year if COP29 can finalise rules -panel
Stakeholders said Thursday that, if COP29 negotiations can iron out the remaining wrinkles around Article 6, carbon trading under the Paris Agreement may begin to pick up starting in 2025 or 2026.
Read MoreUPDATE – G20 task force elicits commitment by major economies to mobilise against climate change
A Brazilian G20 presidency task force concluded its eight-month engagement Thursday with a political statement by members to take advanced actions in economic and financial systems to address climate change.
Read MoreCOP16: NGOs file complaint to UNEP for backing TNFD
A group of NGOs said Thursday they have filed a complaint to the UN Environmental Programme (UNEP), arguing that its backing of the Taskforce on Nature-related Financial Disclosures (TNFD) has undermined environmental stewards and rights holders.
Read MoreCOP16: LATAM development bank invests in conservation via blockchain, biodiversity credits
CAF, the Development Bank of Latin America and the Caribbean, will collaborate on a blockchain-based conservation instrument and support marine biodiversity credits in the region, it announced at COP16 on Thursday.
Read MoreCOP16: More than half of organisations in survey say ready to enter biodiversity credit market
A UN-backed organisation has conducted a survey on the demand for biodiversity credits, with over half of participants claiming to be highly confident in their ability to participate in the fledgling market.
Read MoreCanadian CDR firm secures $11.4 mln in Series A funding
A Nova Scotia-based company that utilises ocean alkalinity enhancement (OAE) that aims to achieve CO2 removal (CDR) has completed a $11.35 million Series A funding round, according to a Thursday press release.
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