Carbon Pulse

The Climate Action Reserve (CAR) standard has released a draft version of the Argentina Livestock Protocol, aiming for greater coherence in the accounting and reporting of greenhouse gas (GHG) emission reductions in Argentina's livestock sector. 

Australia could mend much of its degraded landscapes by directing A$7.3 billion ($4.8 bln) in funding per year, equivalent to 0.3% of GDP, a group of scientists said in ‘first-of-its-kind’ in-depth investment analysis on Wednesday.

European carbon prices extended their gains from Tuesday, continuing to erase the last four days of losses as traders pursued the technical rally and compensated for the lack of a daily auction, while the weekly Commitment of Traders data showed a sizeable increase in speculative short positions, underpinning the gains as participants looked to test bearish conviction.

Indonesia plans a two-stage carbon tax even as its domestic carbon credit market remains illiquid and sparsely traded, a webinar heard this week according to local media.

The latest World Trade Organisation (WTO) talks failed to break a deadlock on reform aimed at strengthening rules on harmful fisheries subsidies, with the EU and the US blaming India for thwarting the deal.

Malaysia’s Ministry of Natural Resources and Environmental Sustainability has called on corporates to participate in the auction this week of carbon credits generated from a domestic project in order to support climate financing in the Southeast Asian nation, a statement released by the ministry on Wednesday said.

An Australian soil carbon developer has finalised the date of its annual general meeting where it will ask shareholders to vote on removal of a director a day after it outlined a strategy to partner on soil carbon rather than go solo, and gave a firm date for the startup of its Philippines operations.

Jiangxi has become the latest Chinese province to launch a local offsetting programme, with plans to create millions of carbon credits by the end of the decade.

Carbon credit certification for afforestation, reforestation, and revegetation (ARR) projects could become more common in Europe through Open Forest Protocol, which reduces upfront cost and makes smaller land areas more economically viable for carbon projects, said a project developer.

Local authorities could expose developers to exploitation from landowners, with worse outcomes for nature and housing, if they force the purchase of nature offsets nearby rather than sourcing them from more distant areas under England’s biodiversity net gain (BNG) legislation, an expert has said.

Three Brazilian organisations have unveiled a concept note on a Tropical Forests Mechanism (TFM) designed to help fund efforts to protect and grow tropical forests globally.

India has updated the list of activities that will be eligible to generate carbon credits for export under Article 6.2 of the Paris Agreement, while also finalising a list of activities for Art. 6.4.

The US Environmental Protection Agency (EPA) has faced a flood of public and academic opposition to a proposed ocean alkalinity research project south of Martha’s Vineyard, while even supporters acknowledge the risks and unintended consequences involved given it is impossible to fully replicate the natural environment in a lab.

Canada’s largest emissions reductions system – Alberta’s Technology Innovation and Emissions Reduction (TIER) programme – will face oversupply of carbon credits if the province does not intervene, ultimately discouraging investment in industrial decarbonisation, a Canadian think-tank said Tuesday.

The Competition Bureau of Canada on Monday released a new volume of provisions tackling environmental claims and greenwashing, with guidance for companies to comply with laws that prohibit misleading advertising and deceptive marketing practices.

The US may fail to meet its 2030 climate pledges despite support from recently enacted policies that have accelerated the country’s decarbonisation pace, a New York-based research group said Tuesday.

The typical feed additive used to curb livestock emissions in carbon projects has a highly variable methane reduction potential depending on factors such as animal diet, breed, and how the additive is administered, according to findings in a recent study. 

The Russian government has proposed changes to simplify access to carbon credits in the country, making it easier for small businesses and individuals to take part in the national carbon market, the Ministry of Economic Development announced on Tuesday.

A group of civil society and indigenous peoples organisations have written to the UN’s climate change science body, the IPCC, highlighting the risk of over-relying on Carbon Dioxide Removals (CDR) in meeting global climate goals.

Four in five companies are unprepared for reporting on their nature-related risks and dependencies under the recommendations from the Taskforce on Nature-related Financial Disclosures (TNFD) and the EU’s CSRD, analysis has suggested.