Carbon Pulse

A Candian subsidiary of a UK insurance multinational has provided C$6 million ($4.4 mln) to a non-profit towards the development of nature-based carbon projects and conservation efforts, it announced Wednesday.

Long-term nature-related risks could cost the UK economy up to £70 billion – or 3% of GDP – by the late 2020s due to a slowdown in growth, the Green Finance Institute (GFI) found in a “first of its kind” research published Thursday.

Policymakers should recognise and properly assess the economic risks posed by ecosystem 'tipping points' (ETPs) in order to preserve global financial stability, according to researchers.

California regulator ARB issued the smallest number of compliance-grade offsets in almost two years, but maintained its year-to-date totals above 2023 levels, data published Wednesday showed.

Peru is promoting initiatives to crack down on over-crediting and protect the reputation of Amazonian carbon credits, but industry pushback to reforms linked to Verra, and falling issuances, raise questions about how feasible the voluntary carbon market (VCM) overhaul is in practice.

The European Parliament gave its green light on Wednesday to review the EU's agriculture rules, in a dramatic political U-turn that will weaken requirements for climate action and nature protection.

The US Department of Energy (DOE) on Wednesday announced funding worth over $23 million for two projects that will assess the feasibility of carbon capture and storage (CSS) for enhanced oil recovery (EOR).

Verra has yet to decide the best way to achieve full eligibility under Phase 1 of CORSIA, the standards body revealed Wednesday, a month after it was denied full approval under the UN's aviation emissions offsetting scheme.

New voluntary carbon market (VCM) demand drivers and increasingly mature de-risking measures are poised to scale the VCM but need more traction, according to a panel of industry experts speaking Wednesday.

Members of the European Parliament made one last rallying cry to salvage the Green Deal this week, as the bloc’s flagship climate neutrality programme faces an uncertain future with the prospect of a larger far-right presence following upcoming EU elections.

A carbon offset buyer platform will offer a portfolio of credits vetted by a ratings agency to be “highly-rated” as part of a newly formed partnership announced Wednesday.

The European Parliament gave its final green light on Tuesday to new ecodesign rules that will make it mandatory for companies to track and report about the carbon content of products placed on the EU market, alongside a range of other environmental footprint indicators.

The European Parliament approved sweeping new rules on Wednesday that will oblige companies to mitigate their negative impacts on human rights and the environment and adopt energy transition plans.

Soil carbon prices in India will need to increase by 60% to encourage wider adoption of conservation agriculture for carbon credit generation in India under Verra's VM0042 methodology, a study published this week in the journal Nature suggests.

The EU Parliament has voted in favour of the EU ratification of the UN’s Biodiversity Beyond National Jurisdictions (BBNJ) treaty during a plenary on Wednesday, paving the way for member states to move their national processes along swiftly.

Bhutan's government and a group of conservation NGOs have committed to catalyse $1 billion to protect tigers and their habitats over the next decade.

Carbon insurers, previously focused on nature-based solutions (NBS) credits, are entering the arena of durable CO2 removals (CDR) and adapting existing insurance strategies to suit a new risk profile, according to a specialist speaking to Carbon Pulse.

CreditNature has achieved a “world first” by receiving accreditation from an independent accounting framework for its ecosystem restoration methodology, in a move that could help scale nature markets, it said Wednesday.

European carbon allowance prices are expected to embark on a sustained rally in the near future as the current 100 million-tonne annual surplus in supply dwindles to become an annual deficit of as much as 300 Mt after the end of the REPowerEU programme, according to a veteran analyst.

A direct air capture developer is teaming up with a carbon storage technology company to create a value chain for extracting CO2 from the atmosphere and permanently storing it underground, helping to streamline the sale of carbon credits, it announced on Wednesday.