Carbon Pulse

Carbon offset trade group ICROA on Thursday announced it has remodelled its accreditation programme as part of a wider internal overhaul and rebrand made in response to the voluntary carbon market’s rapid growth and mounting integrity concerns.

A major shake-up of rules governing derivatives trade in EU emission Allowances appears to have been defeated, but stakeholders are still concerned at what they say is a growing trend towards political interference in the bloc’s flagship climate programme.

A UK forestry fund has this month added three new nature-based projects to its portfolio from activities across Scotland and Wales, the firm announced Thursday.

European carbon was relatively quiet on Thursday, with the benchmark futures trading in its narrowest range of the year to date for a second successive day, while energy markets were mixed as Europe's gas reserves were predicted to reach their 2023 goal early.

A start up tech company has raised €46 million in Series B funding, a year after raising €20 mln in series A funding, for its soil carbon platform.

The EU will need to phase out fluorinated greenhouse gases (F-gases) at a steeper rate from 2039 to 2050, according to the European Parliament vote on Thursday.

EU legislators reached a provisional political agreement on Thursday to raise the share of renewable energy in the block’s overall energy consumption to 42.5% by 2030, in a compromise deal that would mean an additional 2.5% indicative top-up allowing the share to reach 45%.

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Both compliance markets and voluntary carbon markets are sufficiently resilient to withstand current macroeconomic headwinds, with experts underlining that bearish impacts of the unwinding banking crisis and rising inflation would be short-term, a conference heard on Wednesday.

New Zealand’s carbon allowance price on Thursday fell by 10% to an 18-month low, as the usual end of financial year doldrums have been compounded by cratering confidence in the market.

ACX Group has formed a partnership with a blockchain technology provider to trade forward-financed carbon credits, the Singapore-based carbon exchange announced on Thursday.

Pension fund Scottish Widows this week rolled out four new funds totalling £1.4 billion that will invest in companies seeking to help resolve nature and climate change issues.

The Australian Parliament on Thursday passed the strengthened Safeguard Mechanism, providing policy certainty to the country’s industrial sector and carbon market, however experts have emphasised the government's work to achieve its climate goals have only just begun.

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Experts discussed the importance of accurate carbon accounting to restore integrity to voluntary carbon markets (VCM) and prevent murky net zero claims, a webinar heard on Wednesday.

The ICE exchange has delayed its first carbon credit auction, postponing the sale of 500,000 reforestation units on the eve of the sale, the bourse said late Wednesday.

An Oregon-based forestry offset project registered under California’s cap-and-trade programme will be cancelled after a wildfire caused a significant reversal in carbon stocks, according to a verifier report.

The Integrity Council for the Voluntary Carbon Market (IC-VCM) on Thursday published its core carbon principles, programme assessment framework, and list of additional attributes, as it moves closer in establishing its stamp of quality assurance in the market.

The UK is set to unveil major support for front-running CCUS and green hydrogen projects later on Thursday, as well as launching a consultation on how ETS-covered companies can be better protected against carbon leakage.

Two existing CORSIA programmes have received re-eligibility from the ICAO Council to supply carbon credits under the next phase of the global aviation offset scheme, as the UN body also advanced the vintage range for units during this period, according to a recent decision.