Carbon Pulse

A project developer is planning to draw up a methodology for wildlife sanctuaries under Australia’s Nature Repair Market, hoping to earn voluntary biodiversity credits to fund the protection of rare and threatened species.

A German chemicals giant will work with a Philippines-based research institute to help popularise the adoption of climate-friendly rice farming practices in Asia.

A study out of Western Australia has attempted to place a monetary value on two water-based ecosystems to better understand their myriad values to the environment and as sources of carbon sequestration.

A proposal by the New Zealand government to create a fast-track ministerial approval process for infrastructure and development projects deemed significant has been declared “a war” on the country’s natural world by environmental groups.

A ministerial briefing to the incoming New Zealand government has warned that it will have to make key decisions around how to meet its international climate targets, including whether to prioritise domestic emissions reductions or rely on purchasing carbon credits offshore.

A daily summary of our news plus bite-sized updates from around the world.

The US Northeast and Mid-Atlantic RGGI power sector cap-and-trade system saw year-over-year (YoY) declines in CO2 emissions in Q4 decelerate drastically compared to previous quarters in 2023, programme data showed Wednesday.

California Low Carbon Fuel Standard (LCFS) net credits hit a new record in the third quarter of 2023, coasting north of 2.2 million tonnes, with both total quarterly credits and deficits hitting new highs in programme history, according to state data published Wednesday, which sent secondary market prices lower on the day.

This exciting new role, positioned at the heart of Respira’s business, will be responsible for analysing, summarising and performing due diligence on Respira’s nature-based solutions investments. They will be a source of ongoing technical expertise for both Respira’s existing portfolio of projects, and the new projects being considered for investment.

The present senior advisor on clean energy innovation and implementation at the White House, John Podesta, will assume the role of senior advisor to the President for international climate policy following John Kerry's departure, the Washington Post reported Wednesday.

The voluntary carbon market (VCM) is experiencing increasing demand and will see a recovery in prices, including for some nature-based credits, although it still faces excess supply, limited alignment with integrity-boosting initiatives, and larger pools of older vintage units.

A Saskatchewan-based carbon credit origination and streaming company announced Wednesday the signing of a Memorandum of Understanding (MoU) with a company specialising in biosynthetic algae and seaweed carbon sequestration services for the generation of credits from the enhancement of agricultural soil.

The German government’s nature department would like to see regulation on biodiversity progress so that the financial sector is better equipped to tackle the emerging crisis.

More than 65 countries are now signed up to the Global Cooling Pledge that launched at COP28 last month, but more research is needed to turbo-charge the delivery of cooling plans, advisors to the UK government, one of the initial signatories of the pledge, said on Wednesday.

UK power company Drax Group has secured an option with Molpus Woodlands Group (Molpus) to buy up to 1 million tonnes of sustainably sourced woody biomass a year to fuel its bioenergy with carbon capture and storage (BECCS) operations in Southeastern US.

Financial institutions should not hide behind the lack of data and start relying immediately on external data providers to assess the impacts on nature across their value chain, a Taskforce on Nature Related Financial Disclosures (TNFD) official has said.

The UK government could encourage developments in areas intended for nature recovery through changes to its biodiversity net gain (BNG) metric, though ecosystems may not lose out, market onlookers have said.

Clean water access could be sped up through monetising the associated carbon benefits, increasing finance to projects historically reliant on philanthropy and grant support, according to stakeholders in the sector.

Seven EU states are pinning their hopes on new climate policies to help get them on track to meet the bloc's emissions reduction target of 55%, which they are currently projected to miss, their officials have told Carbon Pulse.

Ukraine is planning to launch a national ETS in pilot mode in 2025, the country’s environment minister announced at an environmental forum in Kyiv on Wednesday.