Carbon Pulse

The International Finance Corporation (IFC), a member of the World Bank Group, will invest $50 million in an effort to mobilise $1 billion for a reforestation strategy in Latin America, it announced Tuesday.

Xpansiv, an environmental markets services provider, is looking to launch a CORSIA-compliant voluntary carbon spot contract in Q4, by which time it expects greater liquidity in the market.

The UK's clean energy industry received a strong boost on Wednesday, when the government announced it would offer a record £1.5 billion in the next renewables auction – just days after it confirmed it would hike a windfall tax on the country's offshore oil and gas sector.

Improving the health of ruminant livestock could reduce methane emissions, while at the same time enhancing economic outcomes and animal welfare, finds a new study.

Over 460 million hectares of the world's intact natural land is at risk of being converted into other uses, such as agriculture, a paper has said.

ISS STOXX, a group of companies providing research and technology for capital market participants, has added a new data set to its suite of ESG climate solutions, to support banks and insurance companies in complying with mandatory climate-related disclosure frameworks, it announced on Wednesday.

European carbon prices advanced to their highest in 12 trading sessions, again testing a key technical level that has held the market in check for eight weeks, amid general firmness across the energy complex and as speculative traders increased their bearish bets to the most in more than four months.

An Australian forestry industry lobby group is urging Australia to expand forest-related carbon crediting, it said this week via a proposal to Canberra to include them in the Australian Carbon Credit Unit (ACCU) scheme.

While a growing number of big companies are setting science-based targets for net zero emissions, few are beginning to tackle the largest and most unwieldy chunk of their climate footprints - the emissions released across their supply chains, before they even begin making the products they’re renowned for. 

Methodologies under Article 6 of the Paris Agreement need to go beyond the Kyoto Protocol’s Clean Development Mechanism (CDM) baseline determination, even as CDM can serve as a reference for Paris Agreement methodologies, according to a World Bank and Climate Warehouse paper.

A Korean geoscience research institute is pursuing the commercialisation of an emerging seawater desalination technology that can reduce CO₂ through brine treatment.

Two European carbon startups have raised millions towards expansion of their technologies that operate in the management and carbon removals sub-sectors.

Biodiversity monitoring company NatureMetrics has launched a tool to measure and track soil restoration progress, claiming it could help private organisations better demonstrate their commitment to nature positive outcomes.

Australia has handed out the first offshore carbon capture and storage (CCS) permit from last year’s large acreage round to a Western Australia-based minnow hoping to use end-of-life oil fields it has a share in to develop an ambitious CCS and ammonia project.

A group of around 40 companies on Wednesday announced the launch of the Singapore Carbon Market Alliance (SCMA), whose main focus will be to secure access to the Article 6 market for companies in the city state.

Carbon Pulse has appointed Sonja van Renssen as its first Chief Strategy Officer, to lead editorial and business development projects that will take the company into its next phase of growth. Carbon Pulse has also launched Data Dive, a new data journalism offering, and refreshed its Dossiers, which present the latest facts and figures on emissions trading systems (ETSs) around the world.

China is planning to add two methodologies to its national voluntary carbon credit programme, as the world's biggest-emitting nation aims to drive down GHG emissions from its coal mining and transportation sectors.

An economy-wide cap-and-invest programme in Maryland would help the state achieve its climate and decarbonisation goals if designed and implemented carefully, according to a recent report published by a Washington DC-based non-profit.

Most European airlines and aviation groups are convinced that an exemption from mandatory reporting of greenhouse gases for international flights can smooth the implementation of the EU’s Emissions Trading Scheme (EU ETS), although others are asking for stricter controls, just a few months before draft EU rules come into force.

Germany is preparing a second CCUS-focused bidding round as part of its ‘climate contracts’ funding programme for energy-intensive industries.