Carbon Pulse

EU nations this week agreed a united line to require companies to reveal more about their climate goals to consumers, but stopped short of lawmaker efforts to also ban the use of carbon credits for such claims altogether.

Washington Carbon Allowance (WCA) values tumbled this week in response to forthcoming emergency rulemaking provisions for the programme’s permit reserve, while California Carbon Allowance (CCA) prices declined on extremely light volumes amid numerous bank failures and ahead of the Q3 WCI auction.

The CEO of offset developer South Pole has hit back at “incomplete and factually incorrect” news reports alleging that the company’s Kariba REDD+ forest preservation project in Africa has over-issued carbon credits.

Major problems with Quebec’s afforestation and reforestation offset protocol under the province’s WCI-linked cap-and-trade programme means it could potentially over-credit into the millions, researchers said in analysis released Wednesday.

Nearly 30% of Africa’s trees are located outside areas previously classified as forests or woodlands, researches have found using satellite imaging, presenting an opportunity to better estimate carbon stocks and more effectively direct climate change mitigation efforts.

Voluntary carbon offset prices from forestry projects largely attracted higher values in recent years when paired with co-benefits beyond GHG sequestration, though it is uncertain if these premium values are covering the elevated costs of carrying out such sustainable development efforts, a webinar heard Thursday.

A carbon credit ratings agency on Thursday released the final part of its four-part series pointing out opportunities and challenges with Verra’s draft consolidated REDD+ methodology, this time outlining “permanence” and “additionality” hooks.

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Two oil majors reported strong Q1 earnings characterised by fossil fuel production growth on Thursday, with one stating that its operating plans do not currently reflect the company's net zero promises.

The potential inclusion of carbon removals in the EU ETS, how to tackle emissions from agriculture, and a focus on curbing consumption are among the top issues being considered in forming the EU's 2040 emissions target, the bloc's top climate official Kurt Vandenberghe told a conference this week.

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A major investment management firm has charted a pathway for integrating biodiversity into institutional fixed income portfolios, warning that investors face a myriad of regulatory and systemic risks in ignoring the issue.

A seaweed startup plans to sequester 100 mln tonnes of CO2 by 2040 and a billion tonnes by 2050 after launching its first algae farm off the coast of Spain's Canary Islands.

European carbon prices were marginally weaker at midday on Thursday after a strong auction result helped the market erase early weakness that saw EUAs drop to a new three month low, while UK allowance prices snapped a six-day losing streak.

Natural capital investor Kilter Rural will this month launch an A$500-million ($333.7 mln) sustainable agriculture fund that will buy and develop 21,000 hectares of farmland in Southeastern Australia, creating biodiversity and carbon credits in the process.

The Climate Action Data Trust (CAD Trust) has announced the appointment of a former EY climate change expert as its new executive director.

Banks in emerging markets allocate around half – and in some cases much more – of their credit portfolio to businesses highly dependent on ecosystem services, exposing them to significant risks from nature and biodiversity loss, according to the World Bank.

Uniper became the latest major European utility on Thursday to report in financial results a significant drop in power generation covered by the EU's carbon market over the first quarter of the year.

Green group WWF and environmental impact firm Finance Earth have teamed up to launch a fund that seeks to catalyse over $100 million in investments in sustainable fisheries by the end of the decade.

New Zealand carbon allowances hit a 20-month low on Wednesday amid weak demand and ongoing market uncertainty, though observers believe recent policy movements by government could signal future improvements in market conditions.