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Market 'in denial' about REDD carbon credit problems
12 January 2024The market is still "in denial" about the existing problems with REDD carbon credits, a carbon credit rating agency has said, urging faster action and more honesty about how credits can actually be used.
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First credits transferred under Article 6.2 mechanism
10 January 2024The first credits agreed as part of the Paris Agreement's Article 6.2 mechanism have been transferred from Thailand to Switzerland, but questions around the project's additionality have been raised.
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Bank of Japan warns of climate risk 'spillover' across industries from rise in carbon prices
22 December 2023Climate transition risks spurred by rising carbon prices could have damaging and widespread "spillover" effects across the Japanese economy - including to regional banks not substantially exposed to the worst-hit sectors, the Japanese central bank has warned.
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Value of forest credits to "rebound strongly in 2024"
22 December 2023The value of forest credits is likely to "rebound strongly in 2024", given worsening supply constraints and current "unfair prices", a carbon market expert has predicted.
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India paves way for voluntary carbon market
21 December 2023India has paved the way for a domestic voluntary carbon market by introducing voluntary offsets as part of its upcoming compliance market.
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Integrating nature a way to manage risk in renewable energy, says Octopus
19 December 2023Delivering a positive impact on nature is a key aspect of managing risk as a renewable energy investor, Octopus Energy Generation Fund Management has said, as it mulls investing in nature-based solutions carbon credits.
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COP28: Carbon markets rue Article 6 negotiation 'failure'
13 December 2023Carbon market participants lamented a "disappointing" lack of progress on agreeing a global carbon market mechanism, after last-ditch talks ended in "failure".
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COP28: Controversial REDD+ study called into question
12 December 2023A controversial study which found 94% of REDD+ credits were 'worthless' has been called into question by new research, with scientists urging the original study to be retracted or "majorly revised".
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COP28: EU 'slowing progress on Article 6'
11 December 2023As negotiations on Article 6 continue into the second week of COP28, Environmental Finance has heard that EU may be looking to 'curtail' negotiations amid concerns about how its own carbon mechanisms could be affected.
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Eurazeo maritime climate upgrade fund targets $300m fundraise in 2024
07 December 2023Eurazeo is planning to raise at least $300 million from its private debt, climate-themed upgrade fund for the maritime sector, which is expected to launch later in 2024.