Carbon Pulse

A recently launched registry focused on reducing non-CO2 planet-warming gases on Tuesday announced the release of three methodologies at Climate Week NYC.

A UK-based consultancy and a CEO-level private equity working group have released joint guidelines for integrating carbon valuation into investment decisions.

South Africa’s biodiversity stewardship model has been successful but relies heavily on public and NGO funding, creating a finance gap that must be closed through other sources, according to the UNDP’s Biodiversity Finance Initiative (BIOFIN).

UK power company Drax has launched a new US-based subsidiary at New York Climate Week that will spearhead its plans to become a global leader in bioenergy with carbon capture and storage (BECCS).

A Brazilian state has agreed a deal worth an estimated $180 million to sell jurisdictional REDD+ credits to a public-private forest finance coalition.

An open-access data platform has launched a tool aimed at enabling companies, financial institutions, and governments to better understand their impact on nature, it announced Tuesday during Climate Week NYC.

Talks starting next week at the International Maritime Organisation (IMO) on whether to introduce a global greenhouse gas levy and a goal-based fuel standard for the shipping sector are unlikely to yield significant advances, according to people close to the negotiations.

EU default values that convert business spend into Scope 3 emissions are outdated, inaccurate, and “need to be avoided at all costs” for firms doing mandatory reporting, according to the head scientist at a proprietary emissions factor database.

European carbon allowances held firm, trading in a thin range on Tuesday morning, even as gas eased lower with traders still awaiting clarity on a possible Azeri-Ukraine transit deal, while EUAs were said to be supported by some late compliance buying ahead of next week's deadline, with participants keeping close to key price points in anticipation of Wednesday's options expiry.

The Science Based Targets Network (SBTN) outlined the outcomes of its first corporate pilot for nature targets, with some companies gearing up for adopting their drafts, in a report published on Monday.

At least $1.67 billion have been allocated to nature-based solutions (NbS) in Brazil and the Caribbean over the past year, with agriculture-focused solutions seen as the top priority, according to a report released this week.

US-based environmental credit platform Regen Network Development aims to expand the scope of what can be listed on its registry beyond credits in its next version.

With a central EU carbon removal registry due to be established by the end of 2028, experts this week discussed rules to ensure a smooth  exchange of data and avoid issues such as the double counting of carbon credits.

There is significantly more willingness for EU-UK collaboration on carbon capture and storage (CCS) since the Labour party was elected to office in July, an executive at a European CCS lobby group told Carbon Pulse, saying they expected joint announcements on cooperation in the coming months.

Singapore's DBS bank announced Tuesday it will offer financing and hedging services for allowances under the EU  Emissions Trading Scheme (EU ETS) as shipping companies outside the EU are now included in emissions calculations, becoming the first Southeast Asian bank to do so.

The Secretariat of the ART carbon credit standard on Tuesday announced it has approved a listing for a Brazilian state under its TREES jurisdictional certification programme.

A forest carbon data provider has suspended its collaboration with a non-profit based in the Democratic Republic of Congo (DRC) following questions regarding the organisation’s agreements with the government of DRC and concessions for carbon credit development in the country.

The Shanghai government will auction off 2.8 million carbon allowances under the local emissions trading scheme a the end of this month to ensure regulated emitters can meet their compliance requirements.

The world is on track to miss the clean energy targets agreed at COP28 without stronger and more urgent action, according to a new report.

Entities covered under Australia’s Safeguard Mechanism have continued to hoard carbon credits to meet their expected compliance demand as unit issuance grows, albeit not as fast as the Clean Energy Regulator (CER) previously expected.