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News - Africa and Latin America
Brazil confirms Amazon deforestation sped up in 2013

SAO PAULO (Reuters) - The destruction of the world's largest rainforest accelerated last year with a 29 percent spike in deforestation, according to final figures released by the Brazilian government on Wednesday that confirmed a reversal in gains seen since 2009.

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Brazil presidential candidate Silva would put a price on carbon

SAO PAULO, Aug 29 (Reuters) - Brazilian presidential candidate Marina Silva plans to put a price on greenhouse gas emissions and implement a national carbon market if elected, according to policy proposals released on Friday.

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Brazil makes progress on saving forests, Indonesia risks setbacks -report

OSLO, Aug 18 (Reuters) - Brazil has made good progress in safeguarding the Amazon rainforest but Indonesia's plans for its forests could face setbacks under a new government, a report commissioned by top forest aid donor Norway said on Monday.

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Brazil bank BNDES outlines plans to finance solar power plants

SAO PAULO, Aug 12 (Reuters) - Brazil's state-owned development bank BNDES will offer loans to power companies to cover up to 65 percent of the cost of new solar generation projects in the country, part of the government's plan to rapidly develop a local solar energy industry.

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Brazil readies big push on solar energy but companies are wary

SAO PAULO, Aug 11 (Reuters) - Grappling with its worst energy crisis in more than a decade, Brazil is making its first big move to develop a local solar power industry that could help reduce its dependence on a battered hydro power system.

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 African negotiators urge U.S. leadership for UN climate deal

WASHINGTON, Aug 6 (Reuters) - African climate negotiators attending the U.S.-Africa Leaders Summit in Washington this week said leadership from the United States is critical to finalizing a global deal on measures to address climate change in 2015 after years of deadlock.

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Britain to fund South African carbon trading experiment

July 14 (Reuters) - Britain will expand funding for a programme to help coal-rich South Africa develop a carbon trading market in an attempt to rein in its rising greenhouse gas emissions.

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Companies donate half a million carbon credits to World Cup

SAO PAULO, July 10 (Reuters) - Donations of U.N.-backed carbon credits to help reduce the carbon footprint of the World Cup in Brazil have surpassed the half million mark, the local government said on Thursday.

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Three firms buy 510k African CERs in H1 2014

LONDON, July 9 (Reuters) - Three major international commodity traders bought a total 510,000 African carbon offsets from clean energy project developer ecosur afrique in the first half of 2014, showing some demand still exists for credits from the battered U.N. market.

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UN plans to make its carbon credits available to all

LONDON (Thomson Reuters Foundation) - The United Nations climate change secretariat is planning to enable local governments, companies and individuals to offset their planet-warming emissions using U.N.-certified carbon credits.

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Brazil switch to ethanol from gasoline earns first carbon credits

SAO PAULO, July 4 (Reuters) - A program to replace gasoline with bioethanol in corporate car fleets in Brazil has won approval to issue carbon credits, the first time anywhere such a fuel switch will earn tradeable emissions reductions.

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SGS becomes latest CDM project auditor to exit market

LONDON, June 12 (Reuters) - International certification firm SGS said it will no longer provide auditing services for clean energy projects in developing countries seeking to earn carbon credits, citing concerns over costs and falling demand.

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South Africa to study need for new climate change law

JOHANNESBURG (Thomson Reuters Foundation) - The election of South African parliamentarian Cedric Frolick as president of the Global Legislators Organisation (GLOBE International) earlier this year is likely to turn the spotlight on his country’s domestic climate policies and regulations, as legislators gather for a world summit in Mexico later this week.

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Brazil food companies to push suppliers into emissions reporting

SAO PAULO, May 29 (Reuters) - Large Brazilian food companies, looking to avoid environmental-based restrictions from foreign buyers, have joined organizations active in climate programs to develop tools to better measure greenhouse gases emitted by themselves and their suppliers.

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Donors commit to $215 mln for Amazon conservation in Brazil

RIO DE JANEIRO, May 21 (Reuters) - Brazil’s government, the World Wildlife Fund and various partners are expected to unveil an agreement on Wednesday that would establish a $215 million fund for conservation of protected jungle in the Amazon rainforest.

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Brazil's TAM to offset emissions from World Cup flights

SAO PAULO, May 19 (Reuters) - Brazil's largest airline, TAM, has bought 100,000 voluntary carbon credits to offset greenhouse gas emissions from extra flights it will operate during the FIFA 2014 World Cup which starts next month, the company said on Monday.

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Scientists to study Amazon rainforest fate if CO2 levels rise

SAO PAULO, May 14 (Reuters) - A group of scientists from more than 20 institutions around the world will gauge the impact on the world's largest rainforest if a time comes when the planet has 30 percent more carbon dioxide (CO2) than today, according to a project launched on Wednesday.

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Cutting CO2 emissions can yield benefits worth billions -report

May 15 (Reuters) - Investing in projects to cut greenhouse gas emissions in poor countries can yield billions of dollars worth of additional benefits in areas ranging from employment to health, a report published on Thursday said.

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Brazil sets final rules for forest use, allows tradable credits

SAO PAULO, May 6 (Reuters) - The Brazilian government published a final set of regulations on the use of its forests on Tuesday that could push farmers to restore a huge amount of illegally cleared native vegetation and encourage the use of "tradeable forest credits" to help protect the environment.

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World Cup visitors can have their carbon footprints offset for free

SAO PAULO, April 30 (Reuters) - Individuals who score tickets for the 2014 World Cup in Brazil but worried that the jet travel required to get to matches will contribute to global warming can rest easy.

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South Africa carbon tax will allow companies to offset emissions

JOHANNESBURG, April 29 (Reuters) - South Africa published proposals for a carbon offset scheme on Tuesday aimed at helping companies lower their liabilities in a carbon tax due to be imposed in two years that is meant to reduce greenhouse gas emissions.

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Brazil looks to swap World Cup publicity for carbon credits

SAO PAULO, April 15 (Reuters) - Brazil, looking to offset the carbon emissions generated by construction, travel and other activities related to hosting the 2014 Soccer World Cup, said on Tuesday it wants holders of United Nations-backed carbon credits to swap them for publicity during the games.

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Sweden scales up CO2 credit buying to fund cleaner cooking in Africa

LONDON, April 9 (Reuters) - Sweden has agreed to buy at least 4 million U.N.-backed carbon credits at above market rates from projects that will distribute more than half a million household cookers across African nations, the government said on Wednesday.

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Chile follows Mexico and wants to tax carbon emissions

SAO PAULO, April 4 (Reuters) - Chile's government wants to impose a tax on carbon dioxide (CO2) emissions from thermal power plants, the second major economy in Latin America to resort to environmental taxation to discourage the use of carbon-intensive fuels.

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Mining giant Chile prepping carbon tax to curb CO2 emissions

SANTIAGO, March 31 (Reuters) - Chile's new center-left government said it is poised to unveil a tax on carbon emissions to boost the use of less polluting energy sources and fight climate change.

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REDD+ forest deal snubs private sector, investors say

LONDON, March 21 (Reuters) - An international deal setting rules on financing projects to protect forests in developing nations does not go far enough to include the private sector, two investor groups said, warning that without corporate involvement the programme will fail.

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Vale, Braskem to enter cap-and-trade simulation in Brazil

SAO PAULO, March 13 (Reuters) - Some of the largest Latin American corporations including mining company Vale and financial conglomerate Itau Unibanco, will take part in a nine-month simulation of a cap-and-trade system in Brazil starting on Friday.

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Costa Rica opposition group says to scrap 2021 carbon neutrality target

SAO PAULO, March 7 (Reuters) - Costa Rica's leading opposition group, PAC, expected to win a four-year presidential term next month, will drop the country's commitment to carbon neutrality by 2021, an official said.

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South Africa delays to 2016 new carbon tax

CAPE TOWN, Feb 26 (Reuters) - South Africa will delay the introduction of a carbon tax by one year to 2016, tweaking its policies to better protect industry from a proposed tax price of 120 rand per ton of carbon equivalent, finance minister Pravin Gordhan said on Wednesday.

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Darfur cookstove project earns Sudan's first carbon credits

LONDON (Thomson Reuters Foundation) - An efficient cookstoves project in Darfur has been issued with Sudan’s first-ever carbon credits, in an effort to boost climate finance reaching poorer countries.

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