INTERVIEW: UK developer receives first carbon credits from Verra’s new clean cooking methodology

Published 13:28 on August 21, 2024  /  Last updated at 13:28 on August 21, 2024  / /  Africa, Asia Pacific, EMEA, Other APAC, Voluntary

A London-based investment management company and climate project developer has become the first to receive carbon credits under Verra’s latest cookstoves methodology, VMR0006 version 1.2, the company confirmed to Carbon Pulse.

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Voluntary carbon data firm raises Series A funding round

Published 13:00 on August 21, 2024  /  Last updated at 09:51 on August 21, 2024  / /  International, Nature-based, Voluntary

A nature mapping provider active in the voluntary carbon market has closed a Series A round, with the funding to be used to expand its library of data and insights on global forest cover.

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Carbon tax constraints reduce likelihood of limiting global warming to below 1.6C -study

Published 12:41 on August 21, 2024  /  Last updated at 12:41 on August 21, 2024  / /  Carbon Taxes, International

Feasibility constraints that prevent some governments from implementing climate policies, such as a carbon tax, significantly reduce the likelihood of limiting global warming to below 1.6C, according to a study that found keeping to 1.5C no longer possible.

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G20 should improve uptake of biodiversity credits, UNEP FI says

Published 12:17 on August 21, 2024  /  Last updated at 12:17 on August 21, 2024  / /  Americas, Biodiversity, EMEA, International

The G20 should support a credible market for biodiversity credits by taking measures to improve their uptake, the UN Environment Programme Finance Initiative (UNEP FI) has said.

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Malawi authorises ITMOs from cookstove carbon project

Published 12:16 on August 21, 2024  /  Last updated at 12:16 on August 21, 2024  / /  Africa, Asia Pacific, EMEA, International, Other APAC, Paris Article 6, Voluntary

Malawi’s Ministry of Natural Resources and Climate Change (MNRCC) has provided a Letter of Authorisation (LoA) that permit up to 1.4 million carbon credits to be issued to a cookstoves project in the country and then be correspondingly adjusted under Article 6.2 of the Paris Agreement.

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Japan, Southeast Asia vow to boost energy transition

Published 11:47 on August 21, 2024  /  Last updated at 02:42 on August 22, 2024  / /  Asia Pacific, Australia, International, Japan, Other APAC

Members of the Asia Zero Emission Community (AZEC) have agreed to expand their collaboration in decarbonisation projects with dozens of agreements signed, highlighting the developments of hydrogen, ammonia, and sustainable fuels.

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Australian oiler prices the cost of carbon for new gas project

Published 10:27 on August 21, 2024  /  Last updated at 10:27 on August 21, 2024  / /  Asia Pacific, Australia

The costs of one of Australia’s upcoming LNG developments are set to rise thanks to Safeguard Mechanism requirements, adding around 30% to the price per unit of gas.

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Foresters shouldn’t shy away from difficult NZ ETS conversations, expert says

Published 09:21 on August 21, 2024  /  Last updated at 09:21 on August 21, 2024  / /  Asia Pacific, New Zealand

Challenges facing the New Zealand emissions trading scheme in the near term that have yet to be resolved will have a direct impact on foresters, and those in the sector should not be afraid from having the difficult conversations, a conference heard Wednesday.

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Clean cement outfit raises $85 mln in Series C round

Published 06:55 on August 21, 2024  /  Last updated at 08:53 on August 21, 2024  / /  Americas, International, US, Voluntary

A US-headquartered low-carbon cement developer with some 100 patents to its name and plans to grow to global scale has raised $85 million in Series C funding from a conglomerate of clean energy financiers.

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Placing agriculture into NZ ETS would have “torpedoed the economy”, minister says

Published 03:28 on August 21, 2024  /  Last updated at 03:28 on August 21, 2024  / /  Asia Pacific, New Zealand

The New Zealand economy would have been torpedoed had agriculture been folded into the emissions trading scheme next year, the country’s climate minister told a conference Tuesday, despite a senior Nestle executive warning the sector is not doing enough to reduce emissions to remain internationally competitive.

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