Carbon Pulse

Solar farms have the potential to significantly increase biodiversity in the UK and scale investments in 'nature positive', provided that appropriate metrics for evaluation are established, a report has found.

Some 54% of agricultural land globally has potential to increase carbon sequestration through tree planting while maintaining crop and livestock yields, leading to additional carbon storage of 3.3 billion tonnes of CO2 per year, a study has found.

A scientific consortium will conduct a three-year study in search of a proof-of-concept vaccine that can decrease methane emissions in cattle.

An investor has transferred ownership of an approximately 4,450 hectare forest in the US to non-profits so it can be protected "forever" with benefits for biodiversity, endangered species, and water.

Europe’s carbon market is set to decouple from gas prices in the next five years, as abundant gas supply in the bloc leads to a halving of gas prices and tightness in the carbon market pushes prices up, according to a Goldman Sachs analyst.

Impact Earth is planning to launch a biodiversity fund that raises between $50-100 million focused on either Latin America or Southeast Asia, similar to its existing Amazon strategy, Carbon Pulse has learned.

In order to meet announced targets, the global carbon capture, utilisation, and storage (CCUS) industry will need $160 billion in investment by the end of this decade, with Europe and China leading the storage race.

Japan's environment ministry has selected several companies to advance a digital monitoring, reporting, and verification (MRV) system for the creation of domestically issued carbon credits, as the government seeks to make the process quicker and easier for market participants.

Nearly one third of credits will not be able to use the Integrity Council for the Voluntary Carbon Market (ICVCM)’s Core Carbon Principles (CCPs) label, the standard-setting body said Tuesday, while allowing one more methane methodology into the high-integrity category.

Countries in the Asia Pacific should develop an integrated market such as the European Union’s emissions trading system (ETS) and synergise different types of carbon markets in the region to create effective carbon price signals, a report released this week suggested.

One of Japan's largest oil refiners has teamed up with the trading arm of Petronas, Malaysia's state energy company, to work on voluntary projects that can generate carbon credits in the Southeast Asian country.

An Australia-headquartered junior gold miner has launched what it calls its “first major offset initiative” in the north of Cambodia, several hundred kilometres west of its flagship mine.

The Asian Development Bank (ADB) will fund consultancy work to determine the potential of nature or biodiversity credits in funding an expansion of an initiative seeking to protect and restore the massive East Asian-Australasian Flyway (EAAF).

The Beijing municipal government will auction 1.5 million carbon allowances under its pilot emissions trading scheme in early September, with a price floor for the sale to be set later.

Argentine legislation passed recently to boost investment is back in the spotlight due to federal-provincial tensions over a liquefied natural gas (LNG) plant, with key provisions of the law mirroring a controversial energy treaty that the EU opted to exit this year.

A New Brunswick-based timber company announced in Q2 financial results last week that it sold 600,000 credits from a Maine improved forest management (IFM) project for C$19.7 million ($14.3 mln), adding that it plans to continue its involvement in the voluntary carbon market (VCM) moving forward.

RGGI allowance (RGA) prices retreated over the last week from all-time highs, with market observers saying that signs point to a looming return to lower price ranges after valuations on the secondary market have entered historic levels recently.

Carbon Pulse rounds up developments in Latin American and Caribbean markets for the week ending Aug. 4, which saw several countries push domestic green industrial transition measures as others courted environmentally damaging sectors in a bid to attract foreign investment.

Analysts have once again lowered their California Carbon Allowance (CCA) price forecasts to account for the extended rulemaking timeline, and expect Washington Carbon Allowance (WCA) prices to remain steady despite being "overvalued" due to the ongoing threat of a repeal.

Researchers from the University of Oxford have proposed establishing a separate budget for carbon removal alongside the existing global carbon budget for CO2 emissions.