Verra, an NGO based in a nondescript Washington, D.C. office, dominates the voluntary carbon credit market, certifying 75% of offsets. Companies like Apple and Volkswagen purchase these credits, claiming to offset their CO2 emissions through various projects, including forest conservation. However, investigations by DIE ZEIT, The Guardian, and SourceMaterial reveal that many of these carbon […]
Read More… from The Dubious Reality behind Corporate Climate Success Stories
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 […]
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
The Japan Bank for International Cooperation (JBIC) and the Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) have entered into a financing agreement for $300 million dedicated to supporting renewable energy (RE) projects in Vietnam. This deal follows a previously successful $200 million credit package from June 2019, reinforcing Vietcombank’s standing with international […]