COP29: Brazilian state poised to offer REDD+ carbon credits worth millions
A rainforest-rich Brazilian state will aim to sell REDD+ carbon credits worth hundreds of millions as part of sales facilitated by an international commodities trader, its government said at COP29.
Read MoreCOP29: Global climate finance needs to surpass $6 trillion per year by 2030, experts warn
External climate finance for developing countries, minus China, needs to triple to $1 trillion per year by 2030, and risks growing higher the longer it is delayed in this decade, an influential panel of experts warned on Thursday.
Read MoreCOP29: Carbon markets crucial to unlock GHG cuts in heavy industry, alliance says
Governments must act now to unlock demand that would spur green industry, a global network of industrial stakeholders has said, with carbon markets a key tool required to make this happen.
Read MoreCOP29: World still on track for 2.7C warming, unchanged from 2021 -report
The expected rise in global temperature has remained unchanged in the past three years since COP26, due to governments failing to improve on their policies and pledges, a new report has found.
Read MoreUS appeals court hears arguments on Washington’s cap-and-trade lawsuit
A US appellate court on Wednesday heard arguments in an appeal of a district court’s ruling against a power producer’s challenge to Washington’s no-cost permit allocation provisions under the cap-and-trade scheme.
Read MoreARB’s latest two-week offset outlay offers under 10% of DEBs
California regulator ARB’s latest issuance of compliance-eligible offsets was the smallest since the end of June with slim pickings of this distribution having direct environmental benefits (DEBs) to the state, agency data released Wednesday showed.
Read MoreCOP29: Brazilian state signs J-REDD+ credits deal with environmental management firm
A Brazilian state government has entered into an agreement with an environmental management firm to commercialise Jurisdictional REDD+ (J-REDD+) carbon credits while boosting sustainable investments and supporting local communities within the Amazon region.
Read MoreOil company emissions progress is stalling, with methane pledges particularly troubling -report
Oil and gas company progress on emissions has stalled for the second year in a row, while corporate strategies for meeting emissions targets are of “questionable credibility”, a report published Thursday has found.
Read MorePlastic credits ‘false solution’ as UN talks edge closer, says UK non-profit
A UK-headquartered biodiversity conservation organisation has urged countries not to back crediting mechanisms as a means to tackle the plastic crisis, labelling them as a “false solution” that is highly exposed to greenwashing.
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