Carbon Pulse

The EU’s anti-deforestation regulation is a “bureaucratic monster” that must be revised, alongside the 2035 ban on new petrol and diesel cars, says Peter Liese, a German lawmaker who is environment spokesperson for the centre-right European People’s Party (EPP) that won the EU elections this month.

European carbon prices fell to their lowest in more than seven weeks on Monday morning as natural gas prices declined for a third day and the outlook for demand worsened amid rising temperatures in northern Europe and a persistently negative clean dark spread.

The European Bank for Reconstruction and Development (EBRD) should improve its biodiversity standard, as recent changes to its environmental policy are not sufficient to ensure the bank does not finance nature-damaging projects, a campaign group has said.

A global coalition consisting of some of the world’s biggest corporations, cities, and regions was launched Monday to push governments worldwide align their national climate goals with the Paris Agreement.

China's steel industry should explore more financing options for its decarbonisation plans, especially potential ones linked with emerging power and carbon markets in the country, a report has said. 

A Swedish startup has raised $5.5 million to help verify nature-based carbon removal credits, it announced Monday, using the funding to launch tokens based on blockchain technology.

France-headquartered climate risk manager AXA Climate and an Irish forestry management software company have teamed up to launch insurance for forestry fires and storms.

A major consultancy firm in Japan has teamed up with a blockchain solution provider to support the creation of offsets from domestic forestry projects by promoting the tokenisation of carbon credits. 

A large software company increased the volume of voluntary carbon credits it bought in the last fiscal year by 33%, it said in an annual impact report, as it continues its transition towards buying only removal units at the end of the decade.

EU member states could include the private sector in their plans to achieve national targets under the Nature Restoration Law (NRL) as public funding will likely prove insufficient, and the newly approved legislation is likely to contribute to scaling the biodiversity credit market, according to experts.

South Korea's trade ministry will this week sign Article 6 partnership with Cambodia and Bangladesh during discussions with representatives from seven countries for further cooperation in establishing international emissions reduction projects aligned with the Paris Agreement.

A Japanese company has signed several agreements in Vietnam to develop agriculture-based carbon projects across the country under Japan’s Joint Crediting Mechanism (JCM), the firm announced Monday.

The Australian government is seeking feedback on a draft roadmap to show how it will reach its goal of restoring and protect 30% Australia’s land by 2030.

The federal Labor government has appointed the former New South Wales Liberal Energy and Environment Minister and Treasurer Matt Kean to chair the Climate Change Authority (CCA), following the resignation of Grant King.

The uncertainties surrounding forecasting global warming have narrowed considerably in the past 10 years, offering a clearer window for planning and budgeting by companies and governments, according to a researcher with the Canadian government. 

A number of challenges are hindering the deployment of enhanced weathering (EW) at scale, including implementing accurate MRV approaches, a new study has warned.

A new study has cast doubts on the long-term effectiveness of large-scale tree-planting projects in sequestering CO2, with current climate models potentially overestimating the duration of retention while underestimating the impact of climate change on forests.

The first warranty and indemnity (W&I) insurance policy in the voluntary carbon market (VCM) has been arranged, a broker announced Friday, lifting due diligence and risk transfer procedures from the world of mergers and acquisitions (M&A) in hopes of providing buyer-side assurances of supplier-side reliability.

The Swiss entity managing Article 6 dealings with Chile has expressed concerns about the country’s draft authorisation procedures, confirming that a wind farm project remains under consideration, despite national media in the host country reporting a done deal.

The US Department of Energy (DOE) and the US Environmental Protection Agency (EPA) announced Friday that $850 million in federal funding was being made available for projects to reduce methane emissions from the oil and gas industry.