Carbon Pulse

The tech arm of a South Korean conglomerate has launched verification services to help domestic emitters cope with tighter data disclosure requirements proposed by the EU, it announced Thursday.

Approximately 18% of shareholders at drinks giant PepsiCo voted in favour of a resolution to disclose its biodiversity impacts on Wednesday, Carbon Pulse has learned.

Verra and ART TREES have become the latest standard bodies to pass the Integrity Council for the Voluntary Carbon Market (ICVCM)'s conditions for eligibility, but the first approval of methodologies for the Core Carbon Principles (CCPs) stamp has been delayed until June as experts grapple with fresh complexities.

The Australian government is developing two new savanna fire management (SFM) method proposals, including one that will propose to credit sequestration in living vegetation for the first time, a department spokesperson confirmed to Carbon Pulse.

The oil and gas and agriculture industries are consistently, and successfully, lobbying to weaken regulations to cut methane emissions worldwide, an NGO claims in research published on Thursday.

A compliance update from the Clean Energy Regulator (CER) Thursday said it had begun gateway audits on several human-induced regeneration (HIR) carbon projects, as well as audits of a number of emissions reports under the NGER scheme.

California Low Carbon Fuel Standard (LCFS) prices have continued on a downward spiral, with traders expecting further downside risk as the programme’s credit surplus bank build shows no signs of slowing.

The US Department of the Treasury and Internal Revenue Service (IRS) on Tuesday released their updated guidance for sustainable aviation fuel (SAF) tax credits to establish eligibility for fuel producers, incorporating avenues to reward the use of renewable natural gas (RNG) and carbon capture and storage (CCS).

An Alberta-based power generator scrapped its C$2.4 bln ($1.7 bln) carbon capture and storage (CCS) project, citing it as not economically feasible, following attempts over several months to secure a carbon contract for difference (CCfD) agreement with the Canadian government.

EU carbon prices are expected to triple to around €200 in 2035, analysts said this week, making them among the first teams of experts to forecast out that far.

Emissions under the US Northeast and Mid-Atlantic power sector cap-and-trade scheme jumped 9.1% year-on-year (YoY) in the first quarter of 2024, as CO2 output in the majority of participating states rose, programme data showed Wednesday.

A buyers' club and a Houston-headquartered CO2 removal (CDR) developer announced Wednesday the signing of an $58.3 million multi-year offtake agreement, as the group continues its support of the developing market.

Voluntary carbon credit issuing body Gold Standard has unveiled a new methodology that will issue credits relating to home food recycling, it said on Wednesday.

The current activation point for the principal supply balancing mechanism in the EU ETS, the Market Stability Reserve (MSR), is too high and represents a "key weakness" of the market, according to analysts at a bank.

The 2030 prices of the EU’s new heating and transport carbon market (ETS2) could be around four times higher if weak energy efficiency policies are implemented across the bloc, compared to a more ambitious scenario, new analysis has found.

A fund created as an alternative to carbon offsetting by a EU-based climate project platform has selected 13 activities from the durable carbon removal (CDR) sector from which it will pre-purchase removals in a bid to help scale the nascent industry.

A carbon standard has said it sees a mixed approach among developers on their readiness to engage with Article 6, with some preferring to only transact on the voluntary market due to perceived investment uncertainties and risks relating to the UN mechanisms, while others are attracted to the high potential prices.

Climate Asset Management has acquired 1,900 hectares of farmland collectively across areas of Spain and Portugal for regenerative agriculture, setting aside 10% for biodiversity while exploring ecosystem services.

The London Metal Exchange has kicked off a consultation on how to integrate the EU Carbon Border Adjustment Mechanism (CBAM) requirements into its rules, in order to help the aluminium market and value chain adapt, it announced on Wednesday.

Kenya is a top destination for carbon removal projects because of its wealth of renewable energy and natural resources, while a supportive regulatory environment makes it and the US attractive destinations for investment, according to a direct air capture (DAC) developer .