Sustainability and carbon market news

Brazil is moving forward with plans to establish a national carbon registry within the next 15 months, a move set to underpin its upcoming emissions trading system (ETS), the Sistema Brasileiro do Comércio de Emissões (SBCE). The registry will serve...

Brazil’s federal government is making $3 billion (BRL 16.5 billion) in subsidised funds available to banks under the second phase of its EcoInvest programme, aiming to restore 1.4 million hectares of degraded land nationwide. The funding will act as...

Brazil has reached a new milestone in the carbon markets with the country’s first issuance of soil carbon credits under Verra’s VM0042 methodology, a development that signals growing momentum for agriculture-based removals in emerging markets....

Brazil has announced a significant new push in its ongoing Amazon Restoration programme, opening a $26 million (BRL150 million) public call to fund reforestation projects in Indigenous territories. This marks the third such call since the...

Petrobras and Brazil’s National Development Bank (BNDES) have announced the launch of ProFloresta+, a pioneering reforestation and carbon credit initiative designed to restore 50,000 hectares of degraded land in the Amazon rainforest. A forest...

In a landmark collaboration unveiled during COP29 in Baku, Azerbaijan, Verra and the state of Amazonas, Brazil, have signed a Memorandum of Understanding (MOU) to revolutionise regional carbon markets. The agreement, finalised on 13 November, aims...

Brazil’s National Development Bank (BNDES) has approved a record-breaking $154.9 million (BRL 882 million) in funding for Amazon conservation and reforestation projects in 2024. This unprecedented allocation surpasses last year’s high of $96 million...

Google has announced a significant new partnership in its ongoing sustainability efforts, purchasing 50,000 metric tonnes of nature-based carbon credits from Brazilian startup Mombak. This move marks a notable shift in Google’s carbon removal...

In a major push towards environmental sustainability, Microsoft Corp has teamed up with key Brazilian figures, including a former central banker and a prominent billionaire family, to undertake extensive reforestation in Brazil. This collaboration,...

NetZero, a French carbon removal firm, has successfully raised €18 million ($19.5 million) from the government-backed investor STOA Infra & Energy. This new funding will facilitate the establishment of additional biochar facilities in Brazil and...

MonteCCer, the Brazilian coffee co-op, is stirring up the coffee industry with its groundbreaking sale of carbon-neutral arabica coffee. The debut shipment, facilitated by coffee trader Volcafe and destined for Japan, reaped a substantial price...