Archive

Eurazeo maritime climate upgrade fund targets $300m fundraise in 2024

Eurazeo 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.

COP28: Global climate finance framework targets $7trn in annual investment

A multilateral declaration to invest $5-7 trillion in climate finance annually has been signed at COP28, setting out aims to scale up private finance and high-integrity carbon markets.

COP28: We need carbon markets, say Carney, Kerry and Banga

Mark Carney and other influential figures said carbon credits are essential to combat climate change - but they discussed the need to bring integrity to the much-criticised market.

COP28: Voluntary carbon market braced for regulatory intervention following IOSCO report

The International Organisation of Securities Commissions (IOSCO) has proposed a set of measures to help regulators bring more integrity to the voluntary carbon market (VCM).

Mizuho to invest in carbon credit marketplace Climate Impact X

Mizuho Financial has invested in Singapore-based carbon credit marketplace Climate Impact X (CIX) as the Japanese financial giant looks to expand the "reliable and high quality" regional carbon market in Asia.

VCMI launches 'flexible Scope 3 claim' for carbon credit usage

The Voluntary Carbon Markets Initiative (VCMI) has launched a framework for allowing companies to credibly use carbon credits even though they are struggling to meet short-term reduction targets.

COP28: 'Restructuring' of indigenous engagement needed

Improved engagement with indigenous peoples would help accelerate the flow of finance to communities and nature-based projects, Environmental Finance has heard.

Verra releases new REDD+ methodology

Verra has released an updated version of its Reducing Emissions from Deforestation and Forest Degradation (REDD+) methodology, following major criticism of the previous iteration.

COP28 could unlock investment in carbon capture and storage, Actis says

'Carbon removal' credits given go-ahead by European Parliament

The European Parliament has passed a new framework for certifying carbon removal credits, after raising concerns that regional carbon removal targets will be missed.