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The carbon removals (CDR) market needs offtake agreements with built-in de-risking measures to scale and offer attractive credit prices, a dealmaker told Carbon Pulse.

A ban on exporting offshore gas was lifted in WA this week, and the Greens say two of the ‘biggest winners’ were the massive resources companies

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Western Australian gas companies Mineral Resources and Woodside gave more than $20,000 to WA Labor while it was considering changes to its domestic gas policy that allowed more gas to be exported from the state.

On Thursday the state government lifted a ban on onshore gas being exported, allowing 20% to go overseas until 2031, in a change the premier, Roger Cook, said would boost the state’s gas industry.

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Verra is damaging investor confidence in the voluntary carbon market through its “presumption of guilt” when handling investigations, warned stakeholders in the Southern Cardamom REDD+ project (SCRP) that says it lost more than $30 million in revenue during a 14-month long probe.

The US Commodity Futures Trading Commission (CFTC) approved final guidance Friday regarding the listing for trading of voluntary carbon credit derivative contracts.

Swedish carmaker Volvo has published a position paper on nature and biodiversity, pledging to take action to reduce its impacts and to invest in conservation and restoration to counterbalance residual negative effects of its activities.

With the European Commission’s new lineup it will be the EU’s climate action commissioner who will handle taxation policy, a move hailed as a “breakthrough” by a top official, although it is still unclear who will be in charge of the EU’s Carbon Border Adjustment Mechanism (CBAM).

A developer partnership announced Thursday the first tranche of issuance from their second improved forest management (IFM) project in Mexico’s Yucatan Peninsula region.

A European carbon trader previously with Freepoint Commodities has started with Switzerland-headquartered trading firm Gunvor Group, Carbon Pulse has learned.

British growers are taking a increasing share of sales long dominated by imports by focussing on green credentials

From the tip of Cornwall to the far reaches of Scotland, the shoots of resurgence in the British cut-flower market are raising hopes of a fledgling return to home-produced fragrant flowers becoming a bigger part of the £1bn industry in the UK.

UK flower production bloomed to £179m last year, according to figures from Department for Environment, Food and Rural Affairs, up from £126m in 2019. The market has been dominated by imports, usually from Holland, for more than 50 years, but last year imports fell slightly to £761.8m from £869.1m in 2022.

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The continued existence of a large thermal coal mine in Sarawak, Malaysia, goes against the nation’s climate commitments and the opacity surrounding environmental approvals to its extension is a problem, an environment watchdog said Friday.

The European carbon market moved with relative stability on Friday morning, ticking higher tracking a rebound in energy markets after a volatile previous session linked to reports of a Ukraine-Azerbaijan gas transit deal.

Firefighters have been rescuing people stranded on their balconies and rooftops after Storm Boris triggered flooding and landslides in the northern Italian region of Emilia-Romagna. Two people were reported missing in Traversara, a hamlet in Ravenna province, and about 1,000 people have been evacuated from their homes. Storm Boris has battered parts of Italy after causing havoc in eastern and central Europe

• Two missing and 1,000 evacuated as Storm Boris devastates northern Italy

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Large volumes of eligible voluntary carbon credits for the UN's CORSIA international aviation offsetting scheme will take years to materialise due to supply requirements that force project developers to guarantee against double claiming risk, even if ICAO approves major standards for the current phase at a meeting in November.

As EU institutions gear up for talks to finalise the proposed Green Claims Directive, participants in the voluntary carbon market have flagged issues with the draft bill, arguing it goes too far beyond its original objective of fighting greenwashing.

The West Australian government is finding new ways to support companies interested in pursuing carbon capture and storage (CCS) projects in the state, as its mining and energy department has aggregated a large amount of historical oil and gas drilling information for use.

Chinese carbon allowance prices saw a modest recovery over the past week after the national holidays, with trading activity continuing to pick up ahead of the compliance deadline. 

Environmentally harmful subsidies currently stand at no less than $2.6 trillion per year, $800 billion higher than 2022 estimates and equivalent to 2.5% of global gross domestic product (GDP), according to a report released this week.

A UN agency and the Japanese ministry of agriculture have teamed up with two major national companies to support small-scale coffee producers in Tanzania in implementing sustainable practices.

Airline operators may struggle to meet compliance requirements under Phase 2 of the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which starts in 2027, according to a new report.

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