Carbon Pulse

Global beauty product brand L’Oreal is partnering with the Great Barrier Reef Foundation (GBRF) to pioneer a methodology to calculate the value of coral reef biodiversity and support the deployment of heat-tolerant corals, the latter announced Wednesday.

South Korea has activated a temporary price floor in its domestic emission trading scheme (ETS), as the government aims to stabilise the sagging prices in the oversupplied market for the remainder of the year.

Australia could be under-reporting its coal mine methane emissions by more than 80%, according to a report released Wednesday.

The successful candidate will play a crucial role in managing projects, assisting our clients with implementing effective practice change strategies to enhance soil health and sequester carbon in agricultural landscapes in line with Clean Energy Regulator Methodology requirements.

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

A report released by the World Economic Forum (WEF) and consultancy Accenture on Tuesday assessing the decarbonisation efforts of heavy industry and transport sectors says the industries require $13.5 trillion in investment to achieve net zero by 2050.

Oil and gas company Santos has urged the government to provide a guaranteed supply of Australian Carbon Credit Units (ACCUs) in order to meet its compliance regulations under the Safeguard Mechanism, according to tabled correspondence.

The government of Alberta will provide energy, building, and chemical industries with a 12% incentive tax credit for new eligible capital project costs on carbon capture, utilisation, and storage (CCUS) operations, funded in part by its emissions trading system, the province announced Tuesday.

Alberta’s United Conservative government introduced a resolution Monday to challenge the federal Liberal government’s draft regulations in pursuit of a nation-wide net zero electricity grid by 2035.

The Voluntary Carbon Markets Integrity Initiative (VCMI) issued new guidance today for carbon credit-buying firms, including a new proposed use case for carbon credits that has swiftly divided opinion, with campaigners warning the proposal risks diluting company goals and market participants claiming it could raise ambition by encouraging more companies to take action.

A technology company, an offset project developer, and an Indigenous tribe have pooled resources and funding to co-develop the first phase of an Improved Forest Management (IFM) project in the northern regions of British Columbia.

EU ETS revenues are still being directed to fossil fuels infrastructure due to legal loopholes and a lack of transparency, green groups warned on Tuesday.

India has pledged to triple its renewable energy capacity by 2030 as part of efforts to meet climate targets, but needs to spend $101 billion more than planned this decade to align itself with the International Energy Agency’s pathway to meeting its 2070 net zero target, according to a report released Wednesday.

A US carrier has become the first customer of a carbon dioxide removal (CDR) company that compresses biomass residue, such as timber or farm crops, into dense carbon blocks at relatively low cost.

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With the UN body mandated to shape the carbon crediting mechanism under Article 6 of the Paris Agreement having already produced its final recommendations, the focus on markets in negotiations at COP28 will be on finalising technical details relating to the international trade of units, such as determining the rules around national authorisation of transactions, the transparency of reporting, and establishing safeguards for the mechanism.

An Estonia carbon project developer has raised €2.5 million in seed funding to expand its European portfolio of forestry activities, it said Tuesday.

Just four of 53 of the world’s biggest companies most at-risk from deforestation loss have a policy on the topic covering their entire supply chains, non-profit Ceres has found.

German utility RWE, historically the biggest emitter in the EU ETS, is dropping its 'strategic' hedging of carbon for lignite coal power production, it announced Tuesday, as it unveiled an ambitious new roadmap for green energy technology investment over the next seven years.

This year has seen a shift in the voluntary carbon markets, with demand gravitating towards pricier, higher quality carbon credits that bring other benefits in addition to mitigating greenhouse gas emissions, according to a report published on Tuesday.