Carbon Pulse

Market administrator WCI Inc. will serve as the registry, auction, and financial services platform for the upcoming New York cap-and-invest (NYCI) programme, regulators announced Wednesday during Climate Week NYC.

The top EU and US climate negotiators both signalled their strong desire to finalise negotiations on Article 6 at the UN climate talks in Azerbaijan this year, they said at Climate Week NYC on Wednesday.

Two companies have so far made claims for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative's code for offset use - but more are expected in the coming months, and even more once the new Scope 3 claim is finalised, the initiative's executive director told Carbon Pulse on Wednesday.

Voluntary carbon market project developers' margins are too thin to also pay for insurance - and the responsibility for insuring projects ultimately lies with the buyer, according to speakers at Climate Week NYC.

A capacity-building programme for African carbon markets has considered a credit price floor but does not currently have an official ask, Carbon Pulse heard on Wednesday during Climate Week NYC.

A startup specialising in enhanced rock weathering (ERW) technology on Wednesday announced a renewed partnership with a large buyer of CO2 removal credits.

The UK is making a push for the next jurisdictional REDD (J-REDD) deal arranged through the LEAF Coalition to be with another Brazilian state, a British official said Wednesday at Climate Week NYC.

Major international companies including Google have joined a new initiative aimed at boosting the use of carbon-free power across the world, in a bid to revolutionise electricity procurement and reduce emissions.

A specialist standard for growing hemp has sold a batch of credits to a Swedish blockchain carbon removal platform for tokenisation, marking a new partnership between the two companies.

A Paris-based financier will fully fund the first phase of a large blue carbon project in Mozambique and in return sell the credits generated.

A climate impact verification organisation and a major carbon market standards body on Wednesday announced a new partnership aimed at driving credible corporate Scope 3 emissions reductions.

A new initiative to decarbonise cotton production without the use of carbon offsets was launched Wednesday, in an attempt to transform the global fashion industry's approach to sustainable raw materials.

A global institutional investor group has announced a 6% annual drop in emissions across its 88 members, nearly doubling last year's reductions, as it claims to be aligned with the 1.5C Paris warming target.

A global market infrastructure provider has partnered with a climate risk analytics firm to assist companies in meeting evolving reporting requirements and driving large-scale supply chain decarbonisation.

The world’s largest orange juice producer, in partnership with two environmental companies, will launch Brazil’s first carbon credit methodology for the agribusiness, according to a press release.

The Science-Based Target Network (SBTN) and the Taskforce on Nature-related Financial Disclosures (TNFD) should integrate biodiversity credits into their frameworks to help unlock corporate demand, according to an executive board member of carbon exchange Climate Impact X (CIX).

A carbon offset project developer has formed a partnership with a business consortium in Kenya to scale up private sector finance in order to support carbon markets and scale climate finance in the East African nation, the partners announced Wednesday.

The Africa Carbon Markets Initiative (ACMI) has partnered with a voluntary market integrity organisation to support governments on the continent build regulation to access much-needed carbon finance.

The European Union seeks to encourage carbon storage in wood-based construction products to pave the way for “climate positive buildings”, as the regulators are developing a methodology for measuring CO2 embodied in building materials.

European carbon permit prices ticked up Wednesday morning as investment funds' net short positions built for the fourth consecutive week, with some additional volatility also seeping into the market due to the September options expiry deadline.