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World Bank Directorate endorses US$280M for Para, Brazil, to go towards forest preservation and sustainable development; project to support 12,000 families in forest areas, modernize deforestation combat systems and fund activities related to 2025 COP30

COP28 UN Climate Change Conference highlighted that REDD+ initiatives substantially reduced 11.61 billion tons of CO2 emissions across 17 countries since 2013; tech, such as satellite monitoring, have revolutionized forest management practices

After governments fail to operationalize Article 6 of Paris Accord on carbon credits trading at COP28, NGOs advocate for tax proceeds from Europe's CBAM to support transition to green energy and fund green investment in developing economies

Commentary: International regulation of carbon credits stalled due to disagreement at COP28, as governments remain divided over Article 6 of Paris Climate Agreement; earliest possible International Carbon Credits implementation likely 1-2 years away

Climate Impact X: Singapore's voluntary carbon markets will see resurgence in 2024 due to increased confidence following UN's COP28 conference; new global framework ensuring integrity in carbon markets is expected

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