Carbon Pulse

Voluntary carbon market (VCM) institutions, ranging from registries to ratings agencies and insurers, are often unable to weed out bad actors in repeated infringements with industry standards, lacking consistent policies or criteria to do so, market players told Carbon Pulse.

The UK should redesign its contracts for difference (CfD) scheme to take a ‘maximalist approach’ to renewable energy investment if it is to speed up the rollout of clean energy fast enough to meet its targets, according to a trade body.

Verra has taken ‘unprecedented action’ after rejecting 37 rice cultivation projects based in China and also imposing sanctions against the proponents and validation and verification bodies (VVBs) involved, the standard body announced Wednesday.

Several countries, including the US, have been violating their commitment to the Clean Energy Transition Partnership (CETP) to reduce public finance for fossil fuel projects, finds a report.

The world will only be able to hit a global storage rate of 16 billion tonnes of CO2 per year by 2050, assuming the US contributes 60% of this total, according to a new scientific paper.

Energy and commodities marketplace Intercontinental Exchange (ICE) will utilise its investment in a satellite data startup to ensure its coffee and cocoa trade meets EU deforestation standards.

The biodiversity net gain (BNG) register in England will list another 16 sites from project developer Environment Bank on its website over the next month, following a partnership tipped to shift the dial on market supply, Carbon Pulse has learned.

A fintech company has introduced a tool that enables carbon project developers to simulate the effects of different debt scenarios on their cash flow, the company announced.

EU carbon allowance prices erased early gains and were slightly down on the day after Wednesday's morning session as weekly positioning data showed investment funds further reducing their bearish bets and a rise in hedging related to coal-fired power generation.

EU member states are largely failing to promote sustainable fisheries and address marine biodiversity loss, the European Environment Agency (EEA) has warned.

The Integrated Biodiversity Assessment Tool (IBAT) Alliance has released guidelines to support companies in corporate disclosures that are aligned with the Taskforce on Nature-related Financial Disclosures (TNFD) recommendations and the Global Reporting Initiative (GRI) standard.

A major agricultural lender in Japan has decided to support an industry consortium that aims to utilise carbon credits created from biochar projects.

The Tianjin municipal government is seeking to expand the coverage of companies regulated under the local emissions trading scheme (ETS).

Fortescue, one of Australia’s iron ore giants, used Wednesday’s full year financial results presentation to underline its plans to hit zero emissions for Scopes 1 and 2 by the end of this decade despite its diesel-heavy carbon footprint.

Countries including China, Japan, and South Korea must abandon the use of liquefied natural gas (LNG) as a bridge fuel in order to fully decarbonise their shipping sector, a report released Wednesday said.

A Brazil-based voluntary carbon standard has opened a public call for the registration of validation/verification bodies (VVBs) interested in participating in its certification programmes.

Australian supermarket giant Woolworths Group will stop selling beef and other commodities linked to deforestation by the end of next year, in accordance with Science-based Targets Initiative (SBTi) guidance, it said on Wednesday.

The Australian government has said its work to strengthen the integrity of the country’s carbon crediting scheme is well in hand in its response to both the 2023 and 2020 review of the market by the Climate Change Authority (CCA).

The Colombian Ministry of Environment will present a resolution this week for a public consultation aimed at establishing its long-awaited emissions trading system (ETS), according to local media.

Colorado commenced a series of workshops on Tuesday to inform forthcoming rulemaking to reduce methane pollution from municipal solid waste landfills.