Carbon Pulse

Here are selected party, stakeholder, and expert reactions to the UAE Consensus on the Global Stocktake (GST) and other outcomes at COP28 climate summit in Dubai, which wrapped up Wednesday.

South Korea’s latest monthly CO2 auction again sold only a limited share of the permits on offer, as the market continues to struggle with lukewarm demand amid policy uncertainties.

Startup registry Isometric said on Wednesday that it has developed a new protocol for permanent carbon removal using bio-oil geological storage, and plans to unveil three more protocols over the next three months.

The government of South Korea has made official revisions to the allowance allocation plan for the domestic carbon market during the current phase (2021-25) to reflect the country's new emissions reduction targets and improve liquidity. 

The first African biodiversity accelerator has picked two initial winners, both forestry projects in the process of exploring options in the biodiversity credit market.

A final negotiating text on the first ever Global Stocktake (GST) of the Paris Agreement was published on Wednesday at COP28, urging a "transition away from fossil fuels in an equitable manner" but crucially avoiding the stronger 'phaseout' language seen in earlier versions, though many see the outcome as marking a step in the right direction and "moving the needle" in the fight against climate change.

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Researchers from more than a dozen US institutions have completed a first-of-its-kind assessment of national carbon dioxide removal (CDR) opportunities required to achieve a net zero economy by 2050.

Texas Parks and Wildlife Department (TPWD) has begun solicitation of proposals from public and private entities for nature-based carbon sequestration initiatives, the agency announced Tuesday.

A form of carbon credit centered around funding the green energy transition in emerging economies took on newfound importance at COP28 in Dubai with the launch of multiple initiatives on the sidelines of the climate conference.

Country negotiators have failed to adopt two key texts on carbon crediting methodologies and international trade on the final scheduled day of COP28, throwing the future of markets as a climate solution under the Paris Agreement into turmoil.

A climate technology firm backed by a US billionaire investor announced Tuesday the signing of an agreement to preserve hundreds of thousands of hectares of an African nation’s vast rainforests and peatlands in exchange for conservation credits.

The Policy Advisor, Prairies Region is Nature United’s lead in developing and implementing strategies to advance provincial and sometimes municipal government relations in Manitoba, Saskatchewan, and Alberta and achieve Nature United’s conservation goals through public policy, funding, and programming.

Norway has pledged to donate $50 million to Brazil's Amazon Fund to help conserve the rainforest region, its first contribution since 2019.

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Russian petrochemical company Sibur plans to enter the global carbon credit market after registering a solar project for certification with the Qatar-based Global Carbon Council (GCC).

The UK government is commissioning the evidence it needs to take its marine net gain (MNG) proposals to the next stage, following a consultation.

The EU's largest arable farm has signed up to a soil carbon programme that now spans two million hectares across 17 European countries.

A new wave of jurisdictional REDD+ (J-REDD+) projects, many announced at COP28, hope to bring together the private sector and governments, by commanding higher prices for 'high-integrity' carbon credits in a pivot away from a project-based approach.

Market mechanisms under Article 6 of the Paris Agreement are not a solution to fight climate change, said an official from Sri Lanka's environment ministry, adding that developed countries must phase out their fossil fuel usage in order to resolve the crisis.