Carbon Pulse

Tanzania has lost over TZS 1.2 trillion ($455 million) in potential carbon trade revenue due to inadequacies of the organisation managing carbon trading operations in the nation, according to a recently released national audit report.

Amid huge shortfalls in international climate finance during a ‘triple crisis’ of nature, climate, and burdensome debt, developing countries must apply new models and policies to unlock domestic and private sector funding, according to the co-chair of a high-level expert review.

The focus on some marine financing mechanisms is set to ramp up in the next few months with pressure from key upcoming events, a blue finance expert has said.

A pilot project to suck carbon out of the sea has started operating on the UK’s south coast.

A report released Monday said South Korean companies have invested in overseas cookstove projects that could have received as much as 18 times more carbon credits than the emissions reductions they actually achieved.

A carbon product specialist has returned to the market after over a year’s absence to take up the position as head of emissions trading at one of Australia’s big four banks.

Japan is seeking project proposals that can provide benefits beyond emissions reductions under the bilateral Joint Crediting Mechanism (JCM).

Washington’s Department of Ecology (ECY) on Thursday detailed its initial considerations related to no-cost allowance allocations for electric utilities under the state’s cap-and-trade programme as it prepares to finalise adjustments by October this year.

The Green Party of Canada would re-establish Canada’s carbon tax, given a chance at the helm, though the group’s co-leader said she hopes to broaden support for climate action beyond its environmental benefits.

A joint statement released by California's governor and lawmakers supported California Carbon Allowance (CCA) prices that were dampened after the federal government announced intent to terminate state-level ETS, but overall market sentiment remained wary in the absence of clarity surrounding the future of the scheme.

California's power sector CO2 emissions in February once again set a record low for the month as the share of renewables increased and the state cut back on the power resources used overall, state data published Thursday showed.

A new research project will assess sugar kelp's ability to improve soil health and crop nutrient efficiency in partnership with a Scottish research institute.

Seven NGOs have lodged a formal complaint with the European watchdog for the so-called ‘omnibus’ proposal for changing sustainability disclosures in areas including biodiversity.

A US-based agtech firm has completed its fourth carbon crop, which more than doubles its post-buffer pool offset supply and brings its total volume of carbon credits issued to nearly 1 million, the company said Wednesday.

Germany plans to move away from a focus on hydrogen to decarbonise industry, with carbon capture and storage (CCS) now on the menu as the new government pushes forward with gas-fired power plans.

Traders expect volatility and unsettled US compliance carbon markets under the looming overhang threat of federal action via several potential legal avenues seeking to terminate state-run ETS schemes following guidance from the White House. 

Kenya could raise $170 million from the sale of carbon credits under Article 6 of the Paris Agreement, according to analysis by a carbon market data aggregator.

The UK government has thrown clear-cut support behind a company using high quality avoidance voluntary credits to meet Scope 3 indirect emission targets, as it steps into the void left by the opposition from the Science Based Targets initiative (SBTi), as well as the election of a climate sceptic US president.

Lawmakers from the ruling European People's Party (EPP) in the EU Parliament have requested an impact assessment of the bloc's Green Claims Directive, which seeks to regulate climate allegations that companies are allowed to put in front of consumers.

Auditors need to fully consider and disclose information on climate-related matters in their reports, a think tank warned on Thursday, based on an analysis of audits for more than 100 "carbon exposed" companies.