Carbon Pulse

A project developer has made use of carbon forward agreements to secure a fixed-term loan via a lending platform in order to provide working capital for the communities behind a mangrove restoration project in Africa.

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Carbon standard and registry Isometric on Thursday released a new direct air capture (DAC) methodology for public consultation.

Electronics company Nokia has announced support for a research project from a Finnish university that aims to pave the way towards a common international standard for biodiversity footprints.

Australia has announced new fuel standards for 2025 when new imports of cars, including SUVs, will need to comply with European fuel standards.

New Zealand government modelling expects the country to overshoot its emissions budget to meet its Paris Agreement target, but not by as much as previously predicted.

Carbon project developer Wildlife Alliance has published an open letter vehemently rejecting human rights abuse allegations at its Southern Cardamom REDD+ project (SCRP) in Cambodia, while attacking Verra over its lengthy investigation process that it says has undermined the project. 

The Australian government has put the call out for experts to join a panel that will ensure its Nature Repair Market (NRM) is informed by scientific rigour and First Nations perspectives, it announced Wednesday.

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

The New York State Department of Environmental Conservation (DEC) and the New York State Energy Research and Development Authority (NYSERDA) published two key documents Wednesday as part of the development of the state's upcoming cap-and-invest programme, dubbed NYCI, which the agencies say will help inform stakeholders to provide feedback for the development of full draft regulations.

Australia’s federal government has shortlisted six projects to submit full applications for it’s A$2 billion ($1.35 bln) Hydrogen Headstart Program, as the price for Australian Carbon Credit Units (ACCUs) has crept up in recent days.

Canada’s C$15 billion ($11.2 bln) public investment vehicle will purchase up to one million tonnes of carbon credits per annum over 15 years at fixed prices, coupled with a $200 million investment into an Alberta-based carbon capture and sequestration (CCS) tech firm, the pair announced Wednesday.

Benchmark prices based on avoided deforestation credits tumbled to fresh multi-year lows on Wednesday, continuing a lengthy decline as the voluntary carbon market awaits a shake-up from the ICVCM's integrity labels.

In the wake of the breakdown in talks on key Article 6 texts at this month's COP28 UN climate conference, some negotiators and observers have been quick to assign blame and many now struggle to see consensus forming ahead of next year's summit, as bridges are seen to have been burned almost beyond repair between certain parties.

A new study raises concerns about the reliance on CO2 removal (CDR) strategies like reforestation in national net zero plans, warning that many stakeholders are overly optimistic about this uncertain approach.

A US technology behemoth and a New York-headquartered project developer have signed a 15-year offtake agreement that will eventually equate to millions of tonnes of CO2 removed, they announced on Wednesday, in the latest in a series of moves to acquire nature-based removals credits.

The upcoming launch of EU ETS2 should improve the economics of installing heat pumps for households across Europe by increasing CO2 taxation on gas and levelling the playing field with the unit cost of electricity, according to a clean tech startup.

The EU is channeling an additional €2 billion of ETS revenues to decarbonise energy systems in nine EU member states, the Commission said on Wednesday, though some of that funding will go towards natural gas projects.

Germany became the first EU member state to involve itself in the European Hydrogen Bank’s ‘auctions-as-a-service’ scheme on Wednesday, adding money to top up existing ETS-sourced Innovation Fund grant funding, all of which will be allocated via a competitive bidding process to renewable hydrogen producers and awarded to those with the lowest subsidy needs.

Scotland has moved a step closer to introducing emissions levies on visiting cruise ships and large landowners as part of plans to meet its net zero target of 2045, although added a note of caution about assessing the impact of the measures.