Sustainability and carbon market news

In a strategic move to align agricultural exports with global environmental standards, the Vietnamese government has unveiled a $102 million landscape restoration program. Known as the Recaf project, the initiative is a tripartite collaboration...

A new UN report suggests that carbon pricing could serve as a powerful catalyst for sustainable growth in small island developing states (SIDS), provided it is adapted to their specific economic conditions and integrated into broader national...

The European Commission (EC) has unveiled a new environmental proposal that could significantly reshape the voluntary carbon market landscape. If adopted, the European Union could become the world’s largest buyer of UN-recognised carbon credits,...

The United Nations’ Green Climate Fund (GCF) has approved $686.8 million in funding for 11 new environmentally focused projects across 42 countries, marking a significant step toward supporting vulnerable communities and reducing global emissions. A...

The United Nations climate agency has published over 30 documents related to the operationalisation of Article 6.4 of the Paris Agreement. These documents, now available on the UN Framework Convention on Climate Change (UNFCCC) website, outline...

The first issuance of UN-backed carbon credits under the Article 6.4 mechanism could be imminent, following COP29's approval of a blueprint to govern the market. Maria AlJishi, chair of the Article 6.4 Supervisory Body (SBM), announced that the...

A new UN-sanctioned carbon credit system, the Paris Agreement Crediting Mechanism (PACM), could expand the global carbon credit market to eight times its current size, potentially generating $12 billion in value annually by 2030, according to Guy...

The UN's Green Climate Fund (GCF) has approved over $1 billion in funding for 16 new projects targeting environmental resilience in 37 developing nations. This commitment, announced after the GCF board meeting this week, marks a milestone in the...

The Japanese government has purchased 4 million carbon credits in the year ending 31 March, according to a trade ministry official. These UN-backed Assigned Amount Units (AAUs) were acquired from Poland, marking a significant move in Japan's carbon...

The United Nations has announced that it will establish a global carbon crediting mechanism, a key component under the Paris Agreement aimed at mitigating global carbon emissions. This new direction comes with a detailed plan for the upcoming year,...

Representatives from 175 nations gathered in Nairobi to address the pressing issue of plastic pollution, reflecting a global commitment to finding solutions. Last year, consensus was reached to finalise a UN treaty by 2024, acknowledging the threats...