Carbon Pulse

A ratings agency has revised the outlook for India’s largest carbon credit developer EKI Energy to “stable” from “negative”, reflecting improving financials despite continued challenges in the global carbon credit market.

Crediting standard Verra has opened applications for a panel of biodiversity experts that will be tasked with reviewing projects under its Nature Framework, the company announced Thursday.

A Japanese shipping firm has agreed a five-year deal to buy credits from a Direct Air Capture with Carbon Storage (DACCS) project in the US, using petroleum company ENEOS as a middle man.

A French utility has signed an offtake agreement with the developer of a CO2 battery in Sardinia, Italy, which will provide long-duration energy storage to the Italian grid.

Verra wants to take greater control of carbon methodology development in a shift from third-party led work in the past, the standards body said Wednesday in proposed updates to its crediting programme processes.

The joint committee (JC) regulating the Japan-Philippines Joint Crediting Mechanism (JCM) has rejected two proposed methodologies amid concerns they might lead to over-crediting, including one for high-efficiency firewood cookstoves.

A revised draft of the UN-backed clean cooking methodology has been sent to voluntary carbon standards for review and approval, and includes several key changes based on recent stakeholder feedback.

The New Zealand government is seeking expressions of interest to partner with the private sector to plant native trees on Crown-owned land, without adding extra forestry to the emissions trading scheme.

A Brazilian state and the country's national development bank announced Wednesday the launch of a public notice of up to R$60 million ($9.5 mln) to support about 30 local ecological restoration projects in the Atlantic Forest biome.

California’s carbon market watchdog postponed its draft 2024 annual report to early January to integrate committee input, as a Wednesday meeting heard divergent views on laguage related to offsets and carbon management.

The European Securities and Markets Authority (ESMA) has proposed simplifying the transparency regime for EU Allowances under its final report on amendments to MiFIR Regulatory Technical Standards (RTS 2).

Australia’s carbon market oversight body has launched a consultation on whether the coal mine waste gas method still meets its offset integrity standards (OIS) and whether it should be remade when it is due to expire in March next year.

Poland, Romania, Croatia, and Bulgaria have the potential to at least triple clean technology exports, strengthening the EU’s economy at a time of mounting worries over the bloc’s deteriorating competitiveness, the World Bank said on Thursday.

A UN tender to build a centralised registry system for carbon trading under Article 6 of the Paris Agreement has been cancelled, Carbon Pulse has learned, though an interim solution is expected to be operational by year’s end.

The international carbon standard released Wednesday provisional versions of allocated deforestation risks maps for three Brazilian states within recently revamped REDD methodologies under its Verified Carbon Standard (VCS).

The Biden administration released guidance Tuesday to encourage policies that reduce imports of commodities and products driving illegal deforestation.

The US EPA granted California authority on Wednesday to adopt the state’s Advanced Clean Cars II regulations for light-duty vehicles, effectively banning the sale of new gasoline vehicles by 2035, amid threats of repeal under the forthcoming Trump administration.

Under a federal mandate to acquire 100% zero-emission vehicles (ZEVs) by 2035, 11 US government agencies have not met their interim targets, a watchdog study published Tuesday said, with future prospects largely outside of the agencies' control.

The US DOE's loan office should suspend all loan and loan guarantee packages until it can ensure that its contracts are in compliance with conflict-of-interest regulations, a report published Tuesday by the agency's watchdog said.

Bill Gates’s clean tech venture fund has stumped up $40 million to invest in a carbon removal startup aiming to create a Canadian testing ground for multiple direct air capture (DAC) technologies, the firms said on Wednesday.