Carbon Pulse

The Global Carbon Council (GCC) has announced the public consultation for two new voluntary carbon methodologies under its agriculture, forestry, and other land use (AFOLU) crediting programme.

The European agricultural sector's greenhouse gas footprint is set to take centre stage in the next EU political cycle, rising from a largely neglected climate issue to a prominent source of tension between co-legislators.

Fresh issuances of voluntary nature-based carbon removal credits, such as reforestation, outstripped newly minted avoided deforestation credits in the first half of the year, according to analysis published Tuesday.

Egypt’s voluntary carbon market (VCM) saw the conclusion of its first futures contract, revealed at the market’s official launch ceremony on Tuesday, according to local media sources.

US carbon credits certifier Verra has on Monday published corrections and clarifications to several documents in its Plastic Waste Reduction programme.

The Sri Lankan government has launched a programme to conserve 30% of the country’s land and ocean by 2030 while aiming to attract $1.5 billion in green investments between 2025 and 2030, the president’s office announced Monday.

A potential synergy between the EU's Carbon Border Adjustment Mechanism (CBAM) and Article 6.2 of the Paris Agreement could help to effectively scale climate action, according to a report published this week.

European carbon prices were little changed by midday on Tuesday after spending most of the morning in negative territory, as regional energy markets recovered from Monday's volatile and hectic session, with participants generally seeing the price action as a pause in the recent upward trend.

Credits generated from reducing impacts on large migratory marine creatures could help unlock funds for implementing the Global Biodiversity Framework (GBF) across the Global South and North, an academic paper has said.

Bad press over the past year and confusion around standards for carbon credits and offsets are hampering the development of a voluntary carbon market even as the City of London is trying to support growth and turn itself into a global trading hub. 

The government of Seoul is planning to introduce direct air capture (DAC) technology that can extract CO2 from the atmosphere in urban areas.

Environmental watchdog RimbaWatch has called for the halt of a 2,228-hectare palm oil project proposed on a virgin peat swamp forest in the Terengganu state in Malaysia, which it says will lead to the loss of carbon stocks and endangered species.

Fresh from announcing a new company direction and switching out board members not aligned with its vision, an Australian carbon developer announced Tuesday a soil carbon-focused partnership that will generate Australian Carbon Credit Units (ACCUs) for third parties.

The use of fossil fuels continues to rise, potentially driving a 0.6% increase in global CO2 emissions in 2024, a new report warns, belying expectations a peak.

The coalition government is looking to ensure it has multiple avenues to meet New Zealand’s 2030 Nationally Determined Contribution (NDC), acknowledging it remains a significant challenge.

RGGI allowance (RGA) benchmark prices regained levels north of $27 over the last week as compliance buying kept the demand signal in place, but most traders viewed prices at these levels to be eventually unsustainable.

Stakeholders were united in calling for California’s ARB to implement changes to the ETS in 2025 rather than 2026, although proponents were divided in support between potential options for allowance budget reductions, according to comments submitted after the regulator’s last informal rulemaking workshop.

The Washington Supreme Court rejected challenges by non-profits against certification of recent initiatives, including one to repeal the state’s ETS, with the initiatives’ sponsor bewailing lack of transparency on complaints filed.

Current proposals for a carbon border adjustment mechanism (CBAM) in the US are disjointed, but such a policy can be a valuable global climate tool if certain steps are taken to ensure its effectiveness as both a climate and economic measure, according to brief published recently.

Forest restoration plans should adopt 'integrated' approaches, encompassing biodiversity, climate, and human livelihood simultaneously, as this could deliver significant benefits across all three areas, a study carried out in India has found.