Verra, a leading standard-setter for the voluntary carbon market, has partnered with the Climate Crisis Advisory Group (CCAG) to enhance the scientific foundation and trustworthiness of carbon credits. This research alliance will assess the Verra’s Verified Carbon Standard (VCS) Program’s impact on climate, biodiversity, and social factors. CCAG, comprising global climate experts, will review and […]
Read More… from Verra and CCAG Partner to Strengthen Voluntary Carbon Market Integrity
At COP28, banks, officials, and regulators supported efforts to restore the credibility of the voluntary carbon credit market, which has been damaged by allegations of unreliability. Certification bodies like Verra are aiming to align with new standards from the Integrity Council for Voluntary Carbon Markets to ensure authenticity and prevent double-counting. The US climate envoy […]
Read More… from Revitalizing the Voluntary Carbon Credit Market: COP28 Backs Credibility Measures
Dubai-based Blue Carbon aims to acquire rights to develop carbon credits in African forests, with deals potentially involving significant land areas in Liberia, Zimbabwe, and other nations. This has raised concerns over inadequate community consultation, vague promises, and risks to local livelihoods. Critics argue that such deals may prioritize investor profits over environmental and social […]
Read More… from Controversy Surrounds Carbon Credit Deals in Vulnerable Nations
Let’s see what the RGGI Auction – which starts today – bring. The “Expiration date for bond or letter of credit submitted as financial security” is not later then the 21st of December, so in about two weeks time. This page contains the Auction Notice, information for potential bidders, and application materials for the 62nd […]
The Renewable Energy Association of Austria criticises the financial agreement for climate protection as being marginal, with the main instrument—the Zukunftsfonds—underfunded at 1.1 billion euros, of which only 600 million is climate-related. This budget is allocated for housing renovations, renewable energy expansion, and environmental protection, with an additional 30 million for public transportation. Experts from […]
The first phase of a pioneering system to impose CO2 emissions tariffs on imports like steel and cement, aiming to equalize the cost of pollution between EU industries and foreign producers was initiated on October 1st 2023. Starting 2026, EU importers must buy certificates for the greenhouse gases produced by these goods. The measure seeks […]
Read More… from EU Launches Initial Phase of CO2 Emissions Tariffs on Imports
Dubai-based Blue Carbon has secured a $1.5 billion memorandum of understanding with Zimbabwe to generate carbon credits through forest protection and rehabilitation, covering nearly a fifth of the country’s landmass. This marks Blue Carbon’s fourth African venture in 2023, following similar initiatives in Liberia, Zambia, and Tanzania, totaling rights to develop carbon offset projects across […]
Read More… from Blue Carbon Strikes $1.5 Billion Carbon Credit Deal with Zimbabwe