Carbon Pulse

An international consultancy has become the first voluntary carbon credit buyer to make a claim for the highest grade available under the Voluntary Carbon Market Integrity (VCMI) initiative's code of best practice.

The world's largest food conglomerate Nestle has published its 2023 sustainability report pledging to reach and maintain 100% deforestation-free primary supply chains by 2025.

The financial sector must step up and participate in the process of reforming subsidies that are harmful to nature, Colombia's environment minister has said, as the government prepares to host UN biodiversity talks later this year.

Some carbon pricing policies are better suited than others for the different countries in Latin America, according to experts, as the region branches out from purely voluntary models.

Tony Agotha, the EU special envoy for climate and environment diplomacy, has expressed disappointment with the outcome of UN negotiations on carbon markets after they broke down at the COP28 climate summit in Dubai last December.

Germany’s economics and climate ministry Robert Habeck launched the country’s first carbon management strategy, as well as a proposal to update CO2 storage laws, at a press conference in Berlin on Monday.

EUAs are currently oversold and look set to rally more than 20% by the end of the year, according to analysts, who say the market's strong correlation with natural gas has dragged carbon permit prices down more than is justified by fundamentals.

EU carbon prices jumped on Monday morning as several analyst reports highlighted that the year-to-date price decline appeared to be running out of momentum, triggering some short covering that drove the market higher, while energy markets were slightly firmer.

Woodside Energy plans to reduce the carbon footprint of its huge Browse gas project by 47% and cut to near-nothing the use of carbon offsets, formerly its favoured way to meet its Australian climate obligations.

The roll-out of the EU's carbon border adjustment mechanism (CBAM) will help address the risk of carbon leakage, but it will have limited impact on global emissions reductions while significantly reducing exports into the European bloc from some Asian sub-regions, the Asian Development Bank (ADB) has found.

Santos has signed its first local customer for its upcoming onshore Moomba carbon capture and storage (CCS) project in the South Australian desert, after a slew of non-binding agreements with Japanese conglomerates last year.

UK-based RePlanet is looking to pilot a method together with with 10 organisations to enable relatively cheap monitoring of biodiversity credit projects.

A range of new carbon market platforms and products promises to deliver increased “liquidity, depth, and scale” to Australian participants, but will not come at the expense of over-the-counter markets, the Clean Energy Regulator told a webinar Friday.

The company tasked with building and operating the New Manila International Airport has launched the first project in the Philippines aimed at offsetting the loss of natural and critical habitats from a major infrastructure project.

A startup that monetised individual actions to reduce personal emissions has stopped offering the resulting offsets to businesses, citing the practice as a questionable solution to the climate crisis.

Financial players continued to take profits across North American carbon markets, as opposed to regulated entities that built net length in California Carbon Allowances (CCAs) and RGGI allowances (RGAs), while Washington Carbon Allowances (WCAs) remain out of favour in both groups, weekly data from the US Commodities and Futures Trading Commission (CFTC) release Friday showed.

The Canadian government is gathering information about the supply and brokerage services of domestic carbon credits, as it looks at creating a platform to help federal departments and agencies offset their emissions.

Construction of the Sizewell C nuclear project in southeast England could start later this year, provided that the government gives the greenlight and financial close is reached, said executives on a webinar about the UK’s nuclear agenda on Friday.

A framework aiming to steer businesses and stakeholders wishing to enter the voluntary biodiversity credit markets will be drafted by an expert group brought together by a Swiss research organisation.

Extending the EU ETS to the Western Balkans’ power sector could enable a faster coal phase-out while also keeping possible Russian and Chinese influence at bay, according to a European think tank.