Carbon Pulse

An Australian carbon credit provider has gone through a round of redundancies as part of an organisational restructure, Carbon Pulse has learned.

A Dubai-headquartered fintech firm has teamed up with a Sri Lanka-based project developer to generate and issue biodiversity and oxygen credits within a pilot restoration project in the Belipola private forest.

The UNFCCC is considering repurposing its voluntary offset platform, which is supplied by Kyoto-era credits, in order to support the new carbon credit generation mechanism under the Paris Agreement.

US President Joe Biden's administration is targeting the end of the year for the issuance of highly anticipated draft emissions standards for existing natural gas-fired power plants, according to a biannual regulatory agenda published late Friday that also provided expected timelines on a litany of other planned environmental regulations.

An international proprietary trading firm has seen its European and Asian carbon desks emptied, Carbon Pulse has learned.

The US Forest Service, responsible for stewardship of public forest acreage, defended its timber targets as part of its process to secure funding from Congress, and thus not subject to federal environmental law, in recent updates to a lawsuit filed by environmental groups against the agency.

A Canada-based CO2 removal (CDR) company and researchers from a Nova Scotian university are set to initiate a field experiment this month in Halifax Harbour to test ocean alkalinity enhancement (OAE) as a means of marine CDR.

Stakeholders pushed back on the California regulator’s proposals to trim utility and industrial allocation, force consignment of free allowances, and place limits on permit revenue usage, which would raise utility costs for consumers, in feedback submitted in response to ARB’s cap-and-trade May workshop.

Freshwater wetlands must be included in voluntary carbon market (VCM) methodologies to protect at-risk areas and leverage their outsized carbon sequestration potential, according to a Chilean environmental consultant speaking to Carbon Pulse on the sidelines of the Latin America Climate Summit in Cartagena last week.

Private companies are needed to help destroy ozone-depleting substances (ODS) but should align closely with multilateral governance bodies, a Finnish negotiator under the Montreal Protocol told Carbon Pulse, noting that Finland does not have an official position on the voluntary carbon market (VCM) specifically, as countries prepare to meet next week.

An upcoming European Commission guidance document designed to help the 27 EU member states interpret the legal definition of 'waste heat' is likely to create some conflict when released later this month, as the waste incineration sector recently entered the EU's Emissions Trading Scheme (EU ETS).

The UK looks set to slide up the climate action charts following the landslide win for the left-leaning Labour Party in the general election, with manifesto pledges including increases to renewable energy and halting new fossil fuel developments.

The founder of a startup claiming to be the first digital currency backed by carbon credits believes their firm's solution can set the tone for large-scale growth of the innovative climate finance tool.

An estimated 721,000 hectares of forest in Indonesia have been cleared for mining between 2001 and 2023, including 150,000 ha of primary forest, an analysis has found.

Relocation outside of the bloc and circumvention of the taxonomy are two responses likely to be taken by companies when the true financial impact of the EU’s Carbon Border Adjustment Mechanism (CBAM) starts to kick in later this decade, in addition to securing supplies of low-carbon materials, according to an expert at a global consultancy.

The European Commission’s trade directorate is currently looking at adjustments to the EU’s CO2 border tax and anti-deforestation laws in order to avoid alienating foreign countries whose cooperation is needed to enforce the legislation, a senior EU official has said.

The UK Labour party, following its election victory, must take steps to allow the private sector to engage with the nutrient neutrality scheme, said an expert whose company has had to halt around 15 such schemes due to uncertainty.

Liberia has set up an expert group to help the African country move forward on carbon markets legislation, following a government meeting this week, local media reported, with a moratorium on market activity in discussion until a framework has been put in place.

Pressure had mounted on Luiz Amaral, the former chief executive of the Science Based Targets initiative (SBTi), from the organisation’s own technical group before he decided to step down from his role for personal reasons this week, an internal letter seen by Bloomberg has revealed.

European carbon prices traded in a tightly-defined range for a third session as the summer holiday season swung into its peak period, with technical support and resistance levels compressing slightly as the market's volatility has calmed, while UK Allowances were little changed after a landslide election result ushered in a centre-left government that is expected to increase action on climate issues.