Carbon Pulse

Many hotels in Baku have paused selling rooms for this year’s COP29 climate summit, triggering fears of imminent, government-mandated price hikes, while costs to book other accommodations have skyrocketed.

European ambassadors decided to postpone a vote, scheduled for Friday, on a bill setting due diligence rules for large companies, including an obligation to adopt Paris Agreement-aligned climate plans.

Members of a joint European Parliament committee will vote on rules regulating the use of carbon credits by EU companies next week, including whether those from schemes outside the bloc will be accepted, according to a draft document seen by Carbon Pulse.

The sale of different ecosystem services from the same piece of land, known as ‘stacking’, could be a key way for farmers to maximise their returns via the UK biodiversity net gain (BNG) scheme when managed correctly, a lawyer has said.

Barclays will end direct finance to upstream oil and gas expansion projects and require energy clients to set methane reduction targets under its latest climate statement, though critics say the plan doesn't go far enough.

A voluntary carbon removals standard has updated its rules in a bid to align with the UN's CORSIA international aviation offsetting scheme as well as the Integrity Council for Voluntary Carbon Markets (ICVCM)’s stamp of quality, the company announced.

The recent long-term liquefied natural gas (LNG) supply deal between QatarEnergy and India’s Petronet will increase the South Asian nation’s dependence on fossil fuel imports, though it will help India ensure its energy security, according to experts.

Ghana will press ahead with its own calculation for crediting emissions reductions from cookstoves projects by the end of the second quarter, the African country revealed this week, in a move that could clash with UN plans to create a global carbon standard for the thorny issue.

The Global Biodiversity Framework Fund (GBFF) Council has set out the rules for allocating resources to nature conservation projects, taking a major step forward in enabling the fund to run in full swing.

Some voluntary carbon programmes are "very close" to being approved by the UN's aviation body ICAO for the first phase of its CORSIA international offsetting scheme, the chair of a technical body said on Friday.

A new venture looking to quantify social impact using a similar model to the voluntary carbon market says that placing an economic value on positive social outcomes would help companies identify the best projects and accurately report their environmental impact.

The IUCN Red List of Ecosystems can play a critical role in monitoring the progress of biodiversity conservation and restoration as it addresses 16 of the 23 Global Biodiversity Framework (GBF) targets, a new study has shown.

European carbon allowances broke below a key psychological barrier on Friday morning, setting a new 23-month low as sellers grew in confidence in the face of minimal price support, while a growing number of participants highlighted the price from March 2022 as the next major target to the downside.

Sustainable food and agriculture investment firm Cibus Capital is preparing to launch a natural capital strategy to restore degraded land led by an ex-Blackrock Alternatives executive.

A steelmaking venture is working to reduce its CO2 emissions via a novel carbon capture and utilisation tech, and plans a huge ramp-up in scale of its pilot after receiving fresh government funding.

A large French advertising firm has pledged to spend €20 million for the delivery of voluntary carbon credits over fifteen years to offset its "unavoidable" emissions, in annual results this week.

A climate consultancy has warned the New Zealand government is falling behind its neighbours on developing a plan to purchase internationally transferred mitigation outcomes (ITMOs) to meet its 2030 Nationally Determined Contribution (NDC). 

The proposed amendments to California’s Low Carbon Fuel Standard (LCFS) fail to consider Environmental Justice Advisory Committee (EJAC) recommendations to mitigate environmental risks to communities caused by the policy, and stakeholders should be given more time to provide feedback, EJAC members told state regulator ARB officials at a meeting Thursday.

Australia could begin work on a new, low emissions iron smelter by 2027 if an agreement announced Friday between the nation’s two largest iron ore miners and steelmaker is successful.

Changing climate will batter New York state throughout the 21st century with heat waves, heavy rain, flooding, stronger winds, and storm surges predicted to become increasingly frequent, technical chapters of a multi-year study released Thursday predict.