Weekly News Highlights
This week, COP29 delivered a historic breakthrough by finalising Article 6 of the Paris Agreement, enabling high-integrity carbon markets to drive emission reductions. The EU adopted its first carbon removals certification framework, standardising innovative practices like carbon farming.
Other highlights include the Climate Action Data Trust integrating Gold Standard for greater transparency, the UK pledging $300 million to combat deforestation, and Colombia’s Brújula Verde securing $100 million to restore degraded land.
Explore the full newsletter to see how these developments can support your business’ sustainability goals.
The COP29 summit has delivered a historic breakthrough, finalising Article 6 of the Paris Agreement after a decade of negotiations. This pivotal achievement establishes high-integrity carbon markets, offering countries and companies a transparent platform to collaborate on reducing emissions and meeting their climate targets.
The European Council has formally adopted a regulation establishing the first EU-wide certification framework for carbon removals. This marks a significant step toward standardising practices like carbon farming, permanent removals, and carbon storage to support environmental goals.
The Climate Action Data Trust (CAD Trust), a leading platform for carbon metadata, has announced the integration of Gold Standard, the world’s second-largest carbon registry, into its system. This marks a significant step in streamlining carbon data accessibility and transparency.
The UK government has announced a $300 (￡239) million commitment to fight deforestation in forest-rich nations, with a significant portion directed to the World Bank's Scale programme. The pledge, revealed at the COP29 summit in Baku, emphasises the critical role of forests as global carbon sinks.
Brújula Verde, Colombia’s largest nature-based carbon removal project, has received a $100 million investment from GenZero and global commodities trader Trafigura. The initiative aims to restore 30,000 hectares of degraded land, producing carbon credits while enhancing local biodiversity.
If you're keen to dive deeper into the carbon market and explore topics related to environmental sustainability, this is your go-to source for insightful information.
Read the full articles on Green Earth News here.
Stay updated on the latest news about global environmental initiatives and the carbon market with Green Earth News. Collective and informed action is our most powerful tool for ensuring a sustainable future.