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French carbon removal startup closes funding round
A French carbon removal credit manager has completed another funding round for an undisclosed amount, as it looks to further grow its credit purchase commitments beyond 10 million.
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EU needs to tighten up oversight of carbon offsets to make them credible -report
Carbon offsets could help the EU achieve its climate targets, but only if it insists on more rigorous rules around accounting, as well as around broader corporate net zero target-setting, according to a report published Thursday by a former European Commission senior official.
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Mozambique govt awards licence to UAE developer for massive blue carbon project
Mozambique’s Ministry of Land and Environment has given approval to a Dubai-based firm to restore mangroves along the degraded coastline in the Zambezia province of the African nation and generate carbon credits, the developer announced Thursday.
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Poland outlines climate- and energy-related priorities of upcoming EU presidency
Krzysztof Bolesta, Poland’s state secretary for climate and environment, has highlighted his three main priorities for the upcoming six-month Polish EU Presidency beginning on Jan. 1 next year.
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Japanese carbon project developer strengthens management team to help scale
A Japanese carbon project developer has strengthened its management team as it seeks to scale to meet credit demand in the country.
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Global investors urge companies to disclose nature-related impacts
Global investors representing $1.4 trillion in assets under management have called on companies they invest in to urgently disclose their nature-related impacts and address related dependencies.
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UK fund could quadruple its habitat banks over next two years
Executives at the Evergreen Fund have said they could almost quadruple the land in English habitat banks generating biodiversity net gain (BNG) over the next couple of years up to around 400 hectares, if demand increases, Carbon Pulse has learned.
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S&P sees global carbon markets picking up ‘in all scenarios’
While carbon markets are helping to stem global warming, even a "very strong" energy transformation scenario would only limit global temperature rise to 2.4C, analysts said at a webinar this week.
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Carbon removals are expensive but essential, finds report
Corporate financing of carbon removals will be crucial to keeping aligned with Paris Agreement commitments but they are not being deployed at the speed and scale necessary, a working paper from a UK university has argued.
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Rare moth found in Norfolk village 50 years after becoming ‘extinct’ in Britain
Enthusiasts discovered Norfolk snout, thought to have died out in the UK in 1971, in their garden
The Norfolk snout was always a rare moth in Britain. By the late 1960s, populations of this small beige moth with a distinctive protuberant “nose” had dwindled to just one site – a working quarry in north-west Norfolk.
Bad weather or possibly over-collecting by a few zealots meant that the moth, which has a 20mm wingspan, became extinct in Britain in 1971.
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Euro Markets: Midday Update
European carbon allowance prices were marginally firmer at midday on Thursday, with the benchmark clawing back early losses as energy markets appeared to be stabilising after three days of declines.
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INTERVIEW: Bioeconomy can help biodiversity credit developers in the Amazon survive lack of demand
Implementing a 'bioeconomy' approach on biodiversity credit project areas in the Amazon could help developers stay afloat at a time when demand for units has yet to pick up, the founder of a Brazil-based nature tech company has told Carbon Pulse.
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World Bank arm invests $60 mln to decarbonise Indonesia’s second largest steel producer
The World Bank’s International Finance Corporation (IFC) has provided a loan of $60 million to the second largest steel producer in Indonesia in order to help the firm transition to low-carbon production and drive sector-wide decarbonisation.
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Fintech startup ties up with Dubai marketplace to sell asset class carbon credits
A startup focused on exchange-traded carbon investments has tied up with a Dubai-headquartered e-marketplace firm to offer voluntary credits to its clients.
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Brazilian startup releases pre-print biodiversity credit methodology for endangered species
A Brazilian startup released on Wednesday the first version of its biodiversity credit methodology for endangered species, predominantly focused on plants, after implementing a two-month trial on a small private land area.
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Japan provides $93 bln to support global oil and gas projects over past decade, study says
Japanese public financial institutions provided a staggering $93 billion in support for overseas oil and gas projects over the last decade, four times larger than that provided for clean energy projects, a report has found.
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Investors ask chemical company to avoid wetland mining
Some 20 investors managing $695 billion in assets collectively have asked a chemical company to avoid mining a wetland in the US for titanium, in a letter on Tuesday.
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EU’s Ribera calls for doubling investment in electricity grids
The Spanish ecological transition minister, who is widely tipped for the European Commission’s climate portfolio, has highlighted the importance of ramping up investments in electricity grids to support the green transition.
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AU Market: Forward ACCU prices yet to factor in fundamental Safeguard demand drivers, analysis says
The mismatch between forward prices displayed in Australia's carbon market and projected price increases is a result of fundamental demand drivers failing to be factored into the market, according to analysis published Thursday.
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South Korea and Japan to launch global working group on carbon-free energy
South Korea and Japan have decided to extend their collaboration and launch a global working group on the development of carbon-free energy.
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