Brazil cap-and-trade carbon framework in sight
Brazil’s Senate is expected to vote this month on a bill introducing a cap-and-trade carbon market aimed at regulating industry emissions.
Petrobras buys carbon credits for the first time
Petrobras reported it marked its entry into the voluntary carbon market by purchasing credits equivalent to 175k tons of avoided emissions.
Amazonian governors call for Brazil ETS harmonisation
Nine state governors whose jurisdictions cover the Amazon rainforest have penned a letter calling for the proposed Brazilian System of Emissions Trading (SBCE) to include existing subnational REDD+ programmes, such…
Amazon deforestation at six-year-low in Brazil after 66% fall
Deforestation in the Brazilian Amazon fell by 66% last month compared to July 2022 according to preliminary data by Brazil’s National Institute for Space Research.
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Lula launches green transition with $350Bn investment plan
The government aims to make $264Bn of investments by the end of President Lula's term in 2026, yet it is unclear how much of that total would come from public…
Papua New Guinea releases REDD+ benefit sharing guidelines
The guidelines lay out the procedures for compliance of National, Project and Jurisdictional REDD+ results-based finance, and for the distribution of incentives.
Victoria Government bans gas in new homes from 2024
Planning permits for all new homes and residential subdivisions will only include connection to all-electric networks from 2024.
Colombia, Brazil pledge cooperation to protect Amazon
The presidents of Brazil and Colombia discussed regional coordination to fight deforestation and protect the world's largest and most biodiverse rainforest.
Consultation now open for the New Zealand ETS review
New Zealanders are invited to have their say on a review of the design of the New Zealand Emissions Trading Scheme and its permanent forestry category.
Chair and board of the Net Zero Economy Agency appointed
The Hon Greg Combet AM has been appointed as Chair of the newly created Australian Net Zero Economy Agency.
Carbon Growth Partners to raise USD 200m for carbon fund
Specialist carbon market investor Carbon Growth Partners (CGP) has reopened its Carbon Growth Fund No.2, seeking to raise USD 200 million by mid-2024.
Verra and BIVCM to increase local credibility and transparency
Standard setter Verra will join the Advisory Council for the Brazilian Initiative for the Voluntary Carbon Market (BIVCM).
Banco de Brasil to hold carbon credits-based property auctions
Banco do Brasil will hold an auction of rural properties in June in which, for the first time, it will be possible to pay for properties with carbon credits, in…
Ecuador signs biggest debt-for-nature deal to date
Ecuador has launched a debt-for-nature deal that will wipe out some $1Bn in interest payments in exchange for boosting its protection of waters around the Galápagos.
Brazil to set tougher climate change targets
President Luiz Inacio Lula da Silva plans to commit Brazil to a more ambitious climate change goal this year, addressing criticisms of current targets.
New body to ease Australia’s transition to net zero
The Australian government will establish the National Net Zero Authority (NNZA), a new body to support fossil fuel-dependent communities in the net zero transition
Amazon deforestation down 40% so far this year
So far this year, deforestation in the Brazilian Amazon is down 40% from the same period in 2022, according to government data
Brazil forest bill aims to unlock carbon credit market
Congress passes a new law allowing holders of Brazilian forest concessions to sell carbon credits, a "first step" in regulating the country's voluntary carbon market.
Panama partners with Verra to develop national carbon market
Verra and the Ministry of the Environment of Panama have signed a memorandum of understanding to support the development of a national carbon market in Panama.
Chile to nationalise its lithium industry
Chile’s President Gabriel Boric announced his government would nationalise the country’s battery metal industry, with the creation of a national lithium company
Australia plans green bond in 2024 in climate finance reversal
Australia, one of the world’s biggest per-capita polluters, intends to start a green financing programme from the middle of next year.
DBS receives human rights complaints over gas loan
A group of indigenous Australians filed human rights complaints against Singapore’s DBS Bank and 11 other lenders over a USD 1 billion gas project loan.
Australia passes most significant climate law in a decade
The deal between the Labor government and the Greens requires total emissions from big industrial sites to come down, not just be offset.
Australia launches Nature Repair Market
The market will make it easier for companies and other businesses to invest in and drive nature repair across Australia.