Carbon Pulse

Voluntary carbon standard Verra has inactivated the methodology used by the large Rimba Raya peat swamp forest project in Indonesia, though the activity may continue with its use until its next baseline reassessment.

'Nature positive' status is emerging as a central ESG target for many businesses worldwide, but they could face greenwashing risks unless they implement a number of best practices, a BP official said Wednesday.

European carbon prices extended their gains for a second day amid speculation over potential short-covering as weekly position data showed investment funds continuing to rebuild their net short position, while energy prices moved higher.

Two project developers have partnered with an Indian state government forest department to plant mangroves, expecting to generate blue carbon credits.

The number of announced sustainable aviation fuel projects in the EU is on the rise, meaning the bloc could meet its target for green fuels, an NGO study revealed on Wednesday, but only if final investment decisions are taken.

The EU's goal to stop manufacturing CO2-emitting cars by 2035 faces huge challenges, according to a report published on Wednesday.

A carbon removals platform has purchased around 1,000 direct air capture (DAC) credits from a facility based in Kenya, the firms announced Wednesday. 

The UK government is failing to show how it ensures that biomass power and heat generators adhere to sustainability requirements after receiving a total of more than £22 billion of support over 21 years, the National Audit Office (NAO) said on Wednesday. 

Large emitters are getting “nervous” as a result of the mounting compliance schemes and reporting requirements they are facing in 2024, likely to drive investment and participation in carbon markets, a conference heard Wednesday.

Power demand across the EU is forecast to see a slow recovery in 2024, according to an outlook published by analysts on Wednesday, while a recovering economy and electrification will support consumption between 2025 and 2027.

An Indian renewable energy firm has entered into an agreement with a Japanese industrial group for the production of green ammonia in the Indian state of Odisha under a project involving over $5 billion worth of investments that the parties say will reduce emissions by 54 million tonnes of CO2e over the project life time.

China’s vast renewable build out cannot continue forever at its current pace without the risk of over capacity, but it has the ability to shape the global energy transition. In 2023 alone the nation added 200 gigawatts of solar installation, compared to 87GW in 2022.

A South Korean non-profit dedicated to sustainable development is planning to set up an association to facilitate the voluntary carbon market in the country.

An Australian carbon trade company has signed an agreement with a Fijian counterpart to work on credits aligned with Article 6.

Rio Tinto has signed a power purchase agreement to supply 1 GW of renewable electricity to power its smelters and refineries in Gladstone, Queensland, as issuance of Australian Carbon Credit Units (ACCUs) falls.

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

A Tulsa-based technology startup announced Tuesday an agreement to join efforts with a Texas-based carbon, capture, and storage (CCS) firm to develop a direct air capture (DAC) plant on the outskirts of a CO2 storage hub in Oklahoma.

The Environment and Climate Change Canada's (ECCC) Low Carbon Fuels Division has announced the Emission Reduction Funding Program (ERFP) and Credit Clearance Mechanism (CCM) prices for the 2023 compliance period.

The EU needs to mainstream climate action across its policy landscape post-2030 in order to reach net zero emissions by 2050, with strengthened efforts to electrify industry, support low-income and rural households, and raise public funding, according to a report released on Wednesday.