Carbon Pulse

A Chinese project developer has secured a mangrove-based carbon sink project in Indonesia, as it continues to expand its presence in the international voluntary market. 

A new coalition is seeking to speed the uptake of sustainable aviation fuel (SAF) arguing that high prices keep demand low but low demand keeps prices high as it prevents economies of scale developing.

A large European utility has formally launched a subsidiary based in the UAE as it aims to scale involvement in carbon markets, according to a release Thursday.

A French initiative launched this week to develop a methodology for assessing the biodiversity benefits of activities, a move expected to underpin the creation of voluntary biodiversity credits.

It's Day 1 of COP28 and enough delegates to fill a mid-size city – nearly 100,000 – are arriving en masse at Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

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

Identifying and prioritising mitigation technologies or activities could assist East African countries in developing “positive lists” that can be used to help combat climate change through the operationalisation of the Paris Agreement’s Article 6, according to a new study.

Plans by the new right-wing coalition government in New Zealand to lift the ban of offshore oil and gas exploration will make things uncomfortable for the country’s negotiators at COP28, according to observers, with the Pacific nation often taking an outsized leadership role at the UN climate talks despite its small size.

The New South Wales (NSW) state parliament on Thursday passed legislation that will make its emissions reduction targets legally binding, the government announced.

An Australian pipeline company has signed on a junior partner to develop more biomethane as it takes steps to decarbonise its operations longer term.

Voluntary market exchange operator Xpansiv announced late Wednesday that it had dumped more REDD projects from its N-GEO Standard Spot Contract after Verra listed them as ‘on hold’.

Varying degrees of debt financing could present a new challenge to European firms striving to achieve the emissions reductions required under the EU’s Green Deal and Fit for 55 initiatives.

Australia’s GHG emissions have risen by 4 million tonnes of CO2e in 2023 and although the government is pursuing a “broad and deep” climate policy agenda it has yet to translate to falls in GHGs, a report by the country’s Climate Change Authority said Thursday.

ICE is introducing Trade at Settlement (TAS) capability for some California Carbon Allowances (CCA) futures starting December, the exchange announced Wednesday.

A Canadian province announced funding for a carbon removal mineralisation company, allowing the world's first CO2-to-rock project at an active mine to go ahead in Australia on Wednesday.

Canada's priorities for negotiations at COP28 in Dubai will include finalising a loss and damages fund, encouraging a strong response to the Global Stocktake, and pushing for a coal phase out, but representatives won't comment on the country's planned oil and gas emissions limit until Friday.

The Washington State Department of Ecology (ECY) on Monday published a draft cap-and-trade bill that incorporates amendments to facilitate linkage between the state's carbon market with the broader California-Quebec scheme, as well as other tweaks to the Climate Commitment Act (CCA).

A shortfall in the supply of carbon credits eligible for cancellation against South Africa’s domestic carbon tax is likely to continue into the 2040s, but could be alleviated by expanding the market to the wider region, according to a report published by a consultancy.

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