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A pan-European afforestation carbon project has become the first of its kind to be registered by Verra, it was announced Thursday.

Over 50 companies have called on the European Parliament not to weaken the EU Deforestation Regulation (EUDR) through amendments, warning that the recently proposed delay could leave the law vulnerable to changes that would undermine its impact on deforestation.

Discussions around clean cooking methodologies are still ongoing at the Integrity Council for the Voluntary Carbon Market (ICVCM), Carbon Pulse has learned, likely pushing to next month the decision that will determine which credits in the sector will be eligible for the Core Carbon Principles (CCPs) high-integrity badge.

A global standard-setting organisation for carbon markets in a statement Thursday recommended that crediting programmes connect to the World Bank-backed Climate Action Data Trust (CAD Trust).

Deforestation in Brazil’s Amazon fell by more than 30% between Aug. 2023 and July 2024, marking the most significant percentage drop in 15 years, according to government data. 

People have never been swayed by ‘rational debate’. Only a genuine change in the way we do politics can prevent the march of the right

We were losing slowly. Now we are losing quickly. Democracy, accountability, human rights, social justice – all were rolling backwards as money swarmed our politics. Above all, our life-support systems – the Earth’s atmosphere, oceans, ecosystems, ice and snow – have been hammered and hammered, regardless of who is in power. Donald Trump might strike the killer blows, but he is not the cause of an ecocidal economic system. He is the embodiment of it.

Under Joe Biden, the US was missing its own climate goals, and those goals were insufficient to meet the global objective of limiting heating to 1.5C above preindustrial levels. That target in turn might not be tight enough to prevent a tipping of Earth systems. Already, at roughly 1.3C of heating, we see what looks alarmingly like climatic flickering: the ever wilder perturbations that tend to precede the collapse of a complex system.

George Monbiot is a Guardian columnist

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A provider of audit-grade nature mapping insights has launched an online project insights platform to offer tracking of project performance and greater transparency into impact claims.

Momentum for net zero is building in the boardroom and leaders are refusing to abandon their plans, finds a survey of US and UK executives, despite a growing political backlash against the cost and pace of the green revolution that is expected to only intensify after the election of Donald Trump to the White House.

The third Climate Report released Thursday by one of Australia’s top four banks showed it has cut more money for fossil fuels developers, but an activist shareholder group said it still has loopholes.

EU carbon prices firmed robustly on Thursday morning as energy markets initially strengthened on forecasts for cooler weather and modest renewable generation, before gas gave up almost all its gains on reports that Europe will have little difficulty sourcing supplies this winter.

The new global finance goal that is due to be agreed at COP29 this month must include a massive boost for adaptation, according to a flagship UN report published on Thursday.

Volumes in Australia’s compliance credit market are on track to beat last year's by more than a third, and in October recorded its third-highest amount of trade of any month at 3.6 million Australian Carbon Credit Units (ACCUs), according to a report released Thursday.

The cost of direct air capture credits can drop to $100 per tonne in the near term, by equipping the technology to do more than just remove carbon from the atmosphere, the chief development officer of a decarbonisation solutions provider has told Carbon Pulse.

Despite prior optimism for progress in Baku on UN carbon markets, political uncertainty following this week's US election result has dampened enthusiasm for a strong outcome on Article 6 at COP29, with multiple key technical elements of international carbon trade still to be clarified, as well as the thorny question of whether crediting standards brought into force ahead of the summit will be formally endorsed in Baku.

Last month saw the highest October figures for voluntary carbon credit retirements and issuances for three years, data analysed by Carbon Pulse shows.

LSEG customers can now access news and intelligence on carbon markets, greenhouse gas pricing, and climate policy via their Workspace platform, thanks to a new partnership with specialist provider Carbon Pulse.

China's Hubei province has announced plans to push forward a local carbon offset programme and encourage the development of forest carbon projects within the region.

Papua New Guinea will send a delegation to COP29 in Azerbaijan this month after first its prime minister and then its foreign minister had said it would not as a protest against the lack of climate finance for maintaining its vast carbon sink forests.

Conservation groups are asking for the decision to allow Hvalur to hunt to be put on hold until after election

A coalition of conservation and animal welfare groups are urging Iceland’s president to step in and stop any plans the prime minister has to issue a whaling licence to Europe’s last whaler before the Icelandic election at the end of the month.

Earlier this year, the country granted a one-year licence to Hvalur to kill more than 100 fin whales this hunting season, despite hopes the practice may have been stopped after concerns about cruelty led to a temporary suspension in 2023.

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Five European countries may be breaching EU law when it comes to their climate and energy obligations, according to a series of legal complaints filed on Thursday that call on the European Commission to take action.