Carbon Pulse

Indonesia has significant opportunities to generate millions of carbon credits each year, but unclear regulations around international carbon trading and low domestic demand are among the major issues preventing the country from having a vibrant market, according to a report released Thursday.

Australia’s largest oil and gas company has been granted approval by state government to extend the life of one of its gas plants by 50 years, paving the way for the development of a vast gas field described by activists as a “carbon bomb”.

A US-based consulting group has bought more than 50,000 carbon removal (CDR) credits for delivery over the next two years, it announced Thursday.

The UK government should ramp up efforts to support the development of nature markets, acting as buyer of last resort to drive demand, a membership organisation comprised of some major corporates and NGOs in the country has said.

Global carbon emissions are falling in hard-to-abate industrial sectors, but trajectories remain off track to meeting net zero targets, according to a report published on Thursday.

A Switzerland-based non-profit has announced the establishment of a hub in the country aimed at advancing nature finance, with over 60 organisations interested in joining the initiative, Carbon Pulse has learned.

More clarity on investor protection and national strategies for the emerging Article 6 market is needed for Indonesia to unleash its carbon market potential, an industry conference heard this week.

An EU court has dismissed two cases brought by a lime producer that sought to overturn a European Commission decision amending the free allocation of carbon allowances for its installations.

Emerging geothermal methods could play an important role in achieving a zero-carbon electricity grid in the US, according to recent analysis by a global non-profit.

EU carbon prices fell back on Thursday after two days of increases in the run-up to Wednesday's options contract expiry, as traders offloaded some of the positions they had built up as options hedges, and gas prices weakened amid forecasts for milder and windier conditions.

A US Gulf Coast developer of sustainable aviation fuel (SAF) announced the launch of its first commercial-scale facility, alongside a strategic partnership with UK energy company Drax.

The World Benchmarking Alliance (WBA) has released a list of 63 companies out of the 125 that are very likely to be assessed on biodiversity in its forthcoming Ocean Benchmark.

A major European energy and commodities exchange has announced the launch of futures contracts for the upcoming EU ETS2.

The Integrity Council for the Voluntary Carbon Market (ICVCM) has approved Verra's VM0047 methodology for its Core Carbon Principles (CCPs) quality label, as well as a fast-growing carbon removal standard, according to an announcement Thursday.

A government-owned research entity in Abu Dhabi has launched a climate startup, which will use AI in a bid to conserve and restore thousands of hectares of mangroves and other natural ecosystems in the region.

Forestry carbon credits, including from REDD avoidance and ARR reforestation sectors, now have the green light to scale via Paris Agreement carbon markets, following last month's historic decision at COP29, but the exact methodologies that will be used, and strength of demand, remain uncertain.

Melanesian Pacific governments should continue to engage with voluntary carbon markets as a novel approach to forest conservation, but regulatory frameworks need to allow for projects to be developed at a pragmatic scale, a report has urged.

Dairy giant Fonterra has announced a new decarbonisation project to convert two coal-fired boilers to using low-carbon wood pellets at its South Island operations in South Canterbury, New Zealand expected to make a significant dent in its emissions.

The spot price for NZUs recovered slightly Wednesday, as research revealed greater tension in the emissions trading scheme (ETS) than current prices might suggest.

Singapore-based Climate Impact X (CIX) Thursday announced plans to launch its first standardised physical spot contract for Eligible Emissions Units (EEUs) under the CORSIA international aviation offsetting scheme.