Archive

SBTi urged by nature investors to allow offsets

A group of prominent nature investors and conservation advisers have urged the Science-based Targets initiative (SBTi) to allow offsets within transition plans and proposed key principles to ensure 'guardrails' are put in place.

Bogged down in Bonn

Slow progress on negotiations on Article 6 in Bonn leaves much to be thrashed out at COP29, writes Genevieve Redgrave.

'Landmark' Microsoft offsetting deal demonstrates the need for scale

In the wake of a new 'landmark' carbon credit deal with Microsoft, BTG Pactual's Timberland Investment Group (TIG) has told Environmental Finance that investors are looking for co-benefits and why project scale is necessary for both impact and reduced costs.

Microsoft and BTG Pactual announce landmark carbon credit deal

BTG Pactual Timberland Investment Group (TIG) has agreed to provide Microsoft with eight million nature-based carbon removal credits, believed to be the largest carbon removal transaction to date.

Verdane, Södra back Nordic carbon capture and offsetting business

Private equity investor Verdane has provided two years of funding in carbon removals business Njord Carbon, alongside Swedish forest owner association Södra.

EU countries agree weakened text for green claims directive

EU countries have agreed a text for the proposed Green Claims Directive which contains weaker language on the use of carbon credits than that agreed by the European Parliament.

Projects linked to suspended account placed on hold by Verra

Verra has placed several projects linked to a suspended account on hold pending a formal review after Brazil's Operation Greenwashing alleged a criminal organisation was suspected of selling BRL180 million ($33.6 million) in carbon credits.

VCMI to help most climate vulnerable countries attract capital

OECD adviser criticises investors' "limited span of concentration" on nature

A member of the OECD's advisory council has criticised "big capital" for its unwillingness to properly engage with nature, alleging that most want overly simple investment options.

Verra suspends account following Brazil greenwashing investigation

Verra has taken the "extraordinary action" of temporarily suspending an account as Brazil's Operation Greenwashing alleged a criminal organisation was suspected of selling BRL180 million ($33.6 million) in carbon credits.