News - Africa and Latin America

Brazil's climate fund surpasses $100m

Brazil’s fund for mitigation and adaptation now totals $113 million, the climate change secretary said.

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US cancels Brazilian debt for forest protection

The US will erase $21 million of Brazil’s debt in exchange for protection of its rainforests.

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C-Quest launches carbon project fund

C-Quest Capital has started a carbon fund that will invest primarily in CDM projects.

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Rich nations have almost spent their 'climate budget'

Rich nations have hardly any room to emit CO2 and avoid runaway climate change.

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UNDP to hold trust for Ecuador's deforestation plan

The UN will open a trust to hold billions in foreign donations to Ecuador’s deforestation fund.

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Markit to build Redd credit registry for Brazilian state

Markit announced today it will help an Amazonian state set up a registry to track Redd credits.

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Interview: Colombia to launch forestry VER exchange

Colombia is developing an offset exchange to promote voluntary domestic greenhouse gas reductions.

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Canadian bank launches NY origination desk

Scotia Capital has opened an environmental markets origination desk in New York.

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South Africa may benefit from carbon tax: OECD

Greater use of green taxes could help South Africa accelerate its emission-reduction efforts.

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Developing countries pledge carbon cuts

Four developing countries this weekend pledged to become carbon neutral.

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Mercuria inks deal to buy post-2012 African CERs

Swiss-based energy trader Mercuria has signed a deal to buy 1 million CERs from Guinea.

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Deutsche Bank links with Ecuador CDM project

Deutsche Bank expects to receive up to 440,000 CERs a year from a lightbulb scheme in Ecuador.

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Apec to firm up energy intensity target

Apec energy ministers have agreed to boost the bloc’s overall energy intensity reduction target.

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Brazil could slash GHGs 37%: World Bank

Brazil could cut its greenhouse gas emissions by up to 37 per cent between 2010 and 2030.

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Mediterranean fund eyes CDM

Five public EU banks are planning a €200 million fund to boost CDM in the Mediterranean region.

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Brazil outlines agriculture GHG emission cut plan

Brazil will spend $544 million next year to reduce GHG emissions in its agriculture sector.

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Fires jeopardise Brazil's deforestation efforts: report

A 59 per cent rise in fires in the Amazon may undermine Brazil’s Redd efforts.

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Two firms launch programmatic CDM venture

A carbon broker and a programmatic CDM project developer have launched a new venture.

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No Brazilian carbon market soon

Brazil will not establish a domestic carbon market in the short term, an official said today.

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South African gold miner sells CERs at €11.76/t

South Africa's Gold Fields will sell 1.7 million CDM credits through forward contracts.

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Ecosecurities founder shuns CDM

A green finance company set up by the co-founder of Ecosecurities will not invest in CDM projects.

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Former chief of CEF Carbon to set up new fund

The ex-CEO of CEF Carbon today said he plans to launch a new carbon business in South Africa.

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World Green Exchange to sell Brazilian Redd credits

A Brazilian forest offset marketer will sell up to 65 million credits on the World Green Exchange.

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South Pole announces Colombian CDM tie-up

South Pole has partnered with a Colombian bank to develop “high-quality” carbon offset projects.

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Figueres to head UNFCCC

Christiana Figueres will replace Yvo de Boer as the next executive secretary of the UNFCCC.

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Brazil must wait for global sectoral regime: UN delegate

Brazil shouldn't rush to set sectoral emission reduction policies, a consultant to Brazil at UN climate talks said.

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Redd credits sold at $7/t

An NGO sold 40,000 carbon credits for $7 per tonne from a Peruvian deforestation project.

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Brazil considers domestic carbon market

Brazil is exploring the implementation of a domestic carbon market for its key economic sectors.

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UN admits talks excluded parties

The UN has acknowledged parties were not fully able to participate in last year’s climate talks.

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Interview: 'Healing process' underway in UN talks

Climate talks have taken a more "constructive" tone, a candidate for the top UN climate post said.

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