Carbon Pulse

The EU will adopt a single methodology for each type of carbon removal activity, and these could be adapted from the voluntary market, a conference heard Wednesday.

US steel and aluminium exports should not be exempt from the EU’s carbon border adjustment mechanism (CBAM) as the nation's climate measures aren't as ambitious and handing out a free pass would dissuade the US and other countries from raising their game, German MEP Peter Liese said Wednesday.

Gas flaring fell to its lowest level for more than a decade, according to a new report from the World Bank published Wednesday, declining more than 3% year-on-year though still emitting over 350 MtCO2e in 2022.

European carbon prices extended their gains for a second day on Wednesday, bringing prices firmly back above €90 as Commitment of Traders data showed investment funds cut another large tranche of net length last week.

The body responsible for nature preservation in England and Wales posted a significant update to its biodiversity metric, which it expects will be the final version used when biodiversity net gain becomes mandatory in November, it said in a consultation response.

Certifier Global Carbon Council (GCC) has signed a Memorandum of Understanding (MoU) with the Egyptian Exchange (EGX) to collaborate in the expansion of regional carbon markets, according to a press release Wednesday.

Newly founded UAE-based carbon project developer Blue Carbon has signed a Memorandum of Understanding (MoU) with Liberia to implement carbon removal projects in the forestry sector under Article 6 guidelines, the Liberian government has announced.

The Australian government on Wednesday introduced its world-first nature repair market legislation into parliament, though concerns remain over what some consider fundamental gaps in the legislation.

A daily summary of our news plus bite-sized updates from around the world.

A financial tech company has teamed up with a Thai government agency to integrate its digital platform into the national carbon registry to bring greater transparency to the country’s emerging emissions market.

Canadian Prime Minister Justin Trudeau’s 2023 budget released Tuesday said it will consult on a carbon contracts for difference (CCfD) programme to de-risk private sector investments in GHG mitigation projects, as well as launch new investment tax credits or expand existing ones related to clean energy and carbon capture.

EU energy ministers adopted on Tuesday a disputed regulation setting stricter CO2 emission performance standards for new cars and vans, as well as other key files in the bloc's Fit for 55 climate policy package.

Offset standards body and registry Verra on Tuesday launched a public consultation to seek feedback on planned revisions to its high efficiency firewood cookstoves methodology, which along with similar projects have recently come under fire for over-crediting by up to a factor of six.

A Finnish startup has raised €1.8 million to scale up the manufacture of carbon negative concrete and put the company on course to its goal of producing up to a fifth of the global market by mid-century.

The Taskforce on Nature-related Financial Disclosures (TNFD) on Tuesday released its long-awaited last draft framework for managing and reporting risks and opportunities related to nature, ahead of the final rules slated for publication in September. 

European carbon prices jumped sharply on Tuesday morning as traders appeared to respond to a European Commission announcement on its plans to sell additional EUAs under the REPowerEU initiative, while a rally in crude oil prices late on Monday also added a bullish note to the early hours of trading.

Joe Public in the US would be willing to pay for carbon credits if they understood them, and knew about their own carbon footprint, a survey has found.

India’s power ministry has released a draft set of guidelines for administering the country’s forthcoming Carbon Credit Trading Scheme (CCTS) and has sought comments from stakeholders on its proposal by the middle of April.

Japan has issued more than 700,000 new offsets under its J-Credit scheme, increasing the total number of units created by almost a tenth, and registered over 30 new projects that can cut emissions by a total 7.3 million tonnes of CO2.

Japan has released rules making it possible for private-sector companies to participate in the Joint Crediting Mechanism (JCM) without government assistance, in a bid to attract more involvement from businesses and increase the supply of Article 6-aligned carbon credits.