Oman environment authority signs agreement to generate forest carbon credits

Published 17:13 on August 28, 2024  /  Last updated at 17:13 on August 28, 2024  / /  EMEA, International, Middle East, Nature-based, Paris Article 6, Voluntary

Oman’s Environment Authority (EA) has entered into a cooperation agreement with the nation’s main energy association (OPAL) in a bid to scale up investment in afforestation carbon projects, according to local reporting this week.

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Mexican Yucatan IFM project yields first batch of 380k carbon credits

Published 16:36 on August 28, 2024  /  Last updated at 16:36 on August 28, 2024  / /  Americas, Canada, Mexico, Nature-based, Voluntary

Developers announced on Wednesday the first tranche of issuance from an improved forest management (IFM) project in Mexico’s Yucatan Peninsula region.

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FEATURE: Voluntary carbon market lacks mechanism to purge disreputable actors

Published 16:28 on August 28, 2024  /  Last updated at 16:43 on August 28, 2024  / /  Africa, Americas, Asia Pacific, EMEA, International, Nature-based, South & Central, Voluntary

Voluntary carbon market (VCM) institutions, ranging from registries to ratings agencies and insurers, are often unable to weed out bad actors in repeated infringements with industry standards, lacking consistent policies or criteria to do so, market players told Carbon Pulse.

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INTERVIEW: UK should take a ‘maximalist approach’ to renewables investment to achieve targets

Published 16:07 on August 28, 2024  /  Last updated at 16:07 on August 28, 2024  / /  EMEA, UK ETS

The UK should redesign its contracts for difference (CfD) scheme to take a ‘maximalist approach’ to renewable energy investment if it is to speed up the rollout of clean energy fast enough to meet its targets, according to a trade body.

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Verra rejects 37 Chinese rice cultivation projects, sanctions proponents, VVBs

Published 15:55 on August 28, 2024  /  Last updated at 15:55 on August 28, 2024  / /  Americas, Asia Pacific, China, EMEA, International, Voluntary

Verra has taken ‘unprecedented action’ after rejecting 37 rice cultivation projects based in China and also imposing sanctions against the proponents and validation and verification bodies (VVBs) involved, the standard body announced Wednesday.

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Several countries ignoring Glasgow pledge to pump public money into fossil fuels, finds report

Published 14:50 on August 28, 2024  /  Last updated at 14:56 on August 28, 2024  / /  Americas, Asia Pacific, Climate Talks, EMEA, International, Switzerland, US

Several countries, including the US, have been violating their commitment to the Clean Energy Transition Partnership (CETP) to reduce public finance for fossil fuel projects, finds a report.

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World reliant on US to reach geological CO2 storage potential -report

Published 14:43 on August 28, 2024  /  Last updated at 14:43 on August 28, 2024  / /  Americas, Asia Pacific, EMEA, International, US, Voluntary

The world will only be able to hit a global storage rate of 16 billion tonnes of CO2 per year by 2050, assuming the US contributes 60% of this total, according to a new scientific paper.

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ICE launches satellite platform to track cocoa and coffee deforestation

Published 14:04 on August 28, 2024  /  Last updated at 14:04 on August 28, 2024  / /  EMEA, Nature-based

Energy and commodities marketplace Intercontinental Exchange (ICE) will utilise its investment in a satellite data startup to ensure its coffee and cocoa trade meets EU deforestation standards.

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Biodiversity net gain register listing another 16 sites

Published 13:23 on August 28, 2024  /  Last updated at 13:23 on August 28, 2024  / /  Biodiversity, EMEA

The biodiversity net gain (BNG) register in England will list another 16 sites from project developer Environment Bank on its website over the next month, following a partnership tipped to shift the dial on market supply, Carbon Pulse has learned.

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Fintech startup debuts debt financing tool for voluntary carbon project developers 

Published 12:50 on August 28, 2024  /  Last updated at 12:50 on August 28, 2024  / /  EMEA, Voluntary

A fintech company has introduced a tool that enables carbon project developers to simulate the effects of different debt scenarios on their cash flow, the company announced.

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