Carbon Pulse

A cohort of 320 organisations with $4 trillion in market capitalisation have committed to begin adopting recommendations on nature-related financial disclosures within the next two years, in a sign of growing efforts to understand the financial risks posed by biodiversity loss.

Investors in Shell have joined forces with an environmental activist group to call for more aggressive targets from the oil major in reducing carbon emissions to be set at its annual meeting, including accounting for Scope 3 output.

An initiative announced by two carbon fintecth firms at the World Economic Forum (WEF) summit in Davos aims to attract $100 billion in capital market investments into 'high-integrity' carbon credits to help address the multi-trillion dollar annual climate financing gap.

The world needs better economic incentives and clear policy direction to ramp up biodiversity finance and deploy nature measurement technology at a scale not seen before, a major investment bank has said.

A coalition led by the digital arm of a major real estate developer in China has released the country's first emission reduction standard for public buildings.

An Indian carbon offset project developer has signed a Memorandum of Understanding (MoU) with a state autonomous industrial body to develop mitigation projects across the South Asian country under domestic as well as international voluntary and compliance carbon markets.

An auditing body within Australia’s government has found more work needs to be done to quantify the government's work in reducing its emissions per the commitments it made in 2022.

A state-owned agricultural company in Taiwan has decided to tap into the carbon farming sector, as the government seeks to assess the potential of soil carbon across the island as part of a national climate strategy.

Australian gas company Santos’ Barossa project is expected to have a significant impact on medium- term Australian Carbon Credit Units (ACCU) supply and demand dynamics, given that it will be unlikely to get its CCS element up and running until the late 2020s or the 2030s, according to analysts.

The stockpile of privately held NZUs has fallen by some 900,000 units as speculators decrease their holdings of units, according to government figures.

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

Quebec’s initial free allowance distribution for 2024 regressed slightly from the previous year, even as the number of industrial cap-and-trade emitters receiving allocation increased, according to data published Monday by the province's environmental ministry.

Forests in the western US are absorbing less CO2 due to more severe climate change impacts, while those on the eastern side of the country are growing slightly faster thanks to more favourable conditions, scientists have found.

Accounting for Nature (AFN) has partnered with an Australian technology solutions firm to develop digital infrastructure linking environmental improvements to eligible carbon credits, they announced Tuesday.

A US west coast power producer was unsuccessful in its attempt to cover the cost of compliance with Washington’s Climate Commitment Act (CCA) through a rate increase for Wyoming consumers, in a decision by state utility regulators in January.

A new bill to curb predator control used to support grouse shooting and the practice of muirburn on Scottish moorland could lead landowners to switch to activities that produce carbon or biodiversity credits as alternative income sources.

The European Commission should grab the opportunity to propose the EU's 2040 climate target by approaching an upcoming deadline as an economic and security choice, a pan-European think tank has said ahead of the release expected in a few weeks.

Shell’s ongoing retirement spree and signs of a REDD revival for fresh vintage credits dominated voluntary carbon market activity over the past week.

Climate action in the EU is still underreported, especially information that goes beyond pure emissions data to provide insights on longer term trends, a report showed on Monday.

The Polish government will have to tackle powerful coal unions and appease an uncooperative president in order to follow through on intentions to set an end date for coal and target climate neutrality by 2050, according to experts.