Carbon Pulse

The Swiss industry agency arranging many Article 6 deals on the country’s behalf is aiming to support three kinds of mitigation projects in Chile, Carbon Pulse heard on the sidelines of a summit in Colombia on Tuesday.

Climate litigation is on the rise, according to analysis published Thursday, with filed cases focused increasingly on corporate greenwashing rather than governments, and a growing share involving the use of voluntary carbon credits.

A huge number of national and state-level jurisdictional REDD (J-REDD) carbon credits are set to burst onto the market, with buyers willing to pay a hefty premium above the private avoided deforestation sector, finds a new report.

New York Governor Kathy Hochul (D) announced Wednesday that $8.5 million had been awarded to winners of the first round of the Natural Carbon Solutions Innovation Challenge, and that $13 mln was available for projects in the second round.

Project developer C-Quest Capital (CQC) on Wednesday revealed it has uncovered wrongdoing by its founder and former CEO Ken Newcombe that resulted in the over-issuance of millions of voluntary carbon credits, and has subsequently reported the matter to US authorities and has fired a number of senior executives and staff at the Washington DC-based firm.

The densely forested country of Suriname plans to exploit its newly discovered oil reserves and remain a net remover of carbon at the same time, by requiring oil companies to buy Internationally Transferred Mitigation Outcomes (ITMOs) to cover their Scope 1 and 2 emissions.

Companies are struggling to meet regulatory requirements for carbon projects in developing countries, according to experts speaking on an online panel at London Climate Week.

The Canadian subsidiary of Anglo-Dutch oil major Shell announced Wednesday it has reached a final investment decision (FID) to proceed on two carbon capture and storage (CCS) projects in Alberta, with one having an approximate annual capture capacity of 650,000 tonnes of CO2 annually.

Europe’s leading energy exchange EEX will not be taking over Nasdaq’s Nordic power trading and clearing business, the company announced on Wednesday.

When the new European Commission takes office later this year, it will have a tricky question to answer – how to find €1.5 trillion per year to finance the EU’s net-zero transition. As EU governments tighten their belts, revenues from carbon trading could provide a much-needed source of income, experts say.

A group of 204 investors have joined forces to back an initiative on nature stewardship, seeking to pressure 60 companies to improve biodiversity-related risk management and help shape better environmental policies.

Forest conservation and restoration “have a solid scientific basis for mitigation in which we should have full confidence”, according to a group of leading scientists in a new report funded by Verra.

Ukrainian industries risk incurring financial losses from the EU's Carbon Border Adjustment Mechanism (CBAM), unless the two sides can quickly agree to recognise a 'force majeure' and exempt the war-torn country from incoming carbon fees, according to a Ukrainian think-tank.

The voluntary market is inherently limited in its ability to deliver large-scale carbon reductions, so policies should focus on the Paris Agreement's Article 6, as well as compliance markets, to drive market growth, a prominent academic said at an event in London. 

After making early gains in line with natural gas, European carbon prices broke away and fell back to reach midday nearly unchanged, even as weekly position data showed investment funds had reduced length for a fourth consecutive week and UK Allowance prices continued to rally after last week's profit taking.

Expanding protected areas (PAs) to include 1.2% of the world’s terrestrial surface would help save the most threatened species from extinction at a lower cost than expected, a paper has said.

A national system for the issuance and trading of China's Green Electricity Certificates (GECs) will be officially launched at the end of this week to underpin the development of the renewable sector, though the linkage between the GEC scheme and the national carbon market remains unclear.

A Tokyo-based project developer has teamed up with a biochar producer in the Philippines to generate carbon credits across the Southeast Asian region, it announced Wednesday.

Canada's federal government announced on Tuesday a C$335 million ($245 mln) allocation in blended finance to support First Nations in the preservation and stewardship of the Great Bear Rainforest's marine and coastal environment.

A new forest carbon standard is looking to take an area-based model to how it generates revenue, rather than being paid for how many credits it issues to a project, and will require transparent benefit sharing among all project stakeholders to ensure community approval.