Mining giant invests $16 mln into Madagascar REDD project with eye on CCP label
A mining giant has committed $16 million into the Makira Natural Park REDD Project in northern Madagascar that will help the project scale as well as reassess its deforestation baseline under Verra’s VM0048 methodology, which has just been approved by the Integrity Council for the Voluntary Carbon Market (ICVCM) as eligible for its stamp of high quality.
Read MoreStartup aims to tackle emission reporting gaps ahead of UK fleet disclosure rules
A new AI-powered technology could help UK companies measure and reduce emissions from electric vehicle charging, as they face stricter reporting obligations under the upcoming UK Sustainability Disclosure Requirements (SDR).
Read MoreCOP29: BRIEFING – Global coal phaseout requires targeted finance and agreement on timelines, experts say
The coal transition requires targeted finance, with challenges in balancing investor expectations and supporting coal-dependent regions, experts said at COP29.
Read MoreCOP29 Roundup for Day 5 – Nov. 15
It is Day 5 at COP29 in Baku – Energy Day. After a messy Article 6 draft on trading rules was published on Thursday, with negotiators then demanded to work late to help slim down the 43 pages of text, signs of fatigue are setting in, just 48 hours before ministers arrive. On the energy front, the Azerbaijan presidency will announce a raft of pledges, and debate over the COP28 fossil fuels outcome is expected to be high on the agenda.
Read MoreCalifornia’s environmental justice advisory body recommends scrapping ETS free allowances, offsets
California regulator ARB’s Environmental Justice Advisory Committee (EJAC) on Thursday approved a set of recommendations for cap-and-trade programme revisions, which included calls to eliminate free allowances and offsets.
Read MoreCarbon credit financier notches small profit in Q3 despite project write-down
A Toronto-based carbon credit financier eked out a small net profit in Q3 2024 despite further writing down the value of one of its projects.
Read MoreWCI Markets: CCA sentiment sours ahead of Q4 auction
California Carbon Allowances (CCA) futures sold off sharply through the week ahead of the last quarterly allowance sale – with traders concerned over the lack of movement on the regulatory front from ARB – diverting attention away from the increase in Washington Carbon Allowance (WCA) prices.
Read MoreVast majority of carbon offset projects fail to deliver real emissions cuts, study finds
Fewer than one in six carbon credits issued through global mitigation projects represent genuine reductions in greenhouse gas emissions, according to a new study.
Read MoreICVCM approves three REDD carbon crediting methodologies for CCP status
The Integrity Council for the Voluntary Carbon Market (ICVCM) board has approved three REDD methodologies, which have yet to issue any credits, for the Core Carbon Principles (CCPs) label, it announced Friday, paving the way for millions of units to be issued with the high-integrity stamp.
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