Carbon Pulse

Global GHG output may reach its peak this year, meeting an IPCC deadline, but emissions could still exceed the IPCC's 2030 GHG target deemed necessary to limit global warming to 1.5C, according to a report by a climate think-tank.

The Board of Executive Directors at the World Bank has approved a recommendation to investigate the lender's own development project in Tanzania after allegations that more than 20,000 people are being violently evicted and their cattle illegally seized to make way for the expansion of the Ruaha National Park.

Global Carbon Council (GCC) has received letters of authorisation from Oman and the UAE for projects to offer correspondingly adjusted (CA) carbon credits on its registry, as part of expansion plans that involve adding a CCS methodology and gaining eligibility for phase one of CORSIA, a senior executive at the carbon credit certifier has told Carbon Pulse.

The EU contributed €28.5 billion in climate finance to developing nations from public sources last year, up from €23 bln in 2021, according to figures approved by the Council of member states on Thursday that also outlined a further €11.9 bln mobilised from private sources. 

Carbon credit certifier Gold Standard on Thursday launched a consultation on a new methodology for phasing out coal power while ensuring a just transition to clean energy, adding to the voluntary carbon market initiatives seeking to accelerate the world's exit from the emissions-intensive fossil fuel.

A twice-weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Forests managed by Indigenous and local communities have better outcomes for carbon, biodiversity, and livelihoods than tree planting alone, a study published on Thursday in a scientific journal has found.

A UAE-based stock exchange will debut a pilot programme for trading carbon credits at COP28 aimed at institutional investors, according to a release Thursday.

An English farm has committed almost all of its biodiversity net gain (BNG) units in sales to local housing developers, Carbon Pulse has learned.

A Brazilian food producer was found to have by far the most negative impact on global deforestation rates, according to a global corporate ranking released Wednesday that also awarded negative scores to several major financial institutions for their lending policies.

The European Commission launched its first EU green hydrogen auction on Thursday with €800 million up for grabs for European projects, while also opening up this year's €4 billion call for proposals for net zero technologies under the bloc's ETS-financed Innovation Fund.

An organisation representing the UK’s 15 national parks is looking to secure fresh partnerships with the private sector for nature restoration opportunities and investment, as new research suggests that the price of UK nature-based carbon credits could rise to £150 ($188) per tonne by the end of the decade.

European carbon permits traded around their recent support levels on Thursday morning as an "arm-wrestle" between bulls and bears focused Dec-23s in a narrow channel, while energy markets were modestly firmer amid a lack of strong demand indications even as temperatures seem set to decline.

A UK-based carbon exchange on Thursday has announced its plan to launch its India chapter in December in collaboration with an Indian environmental solutions provider.

GPT Since the adoption of the Kunming-Montreal Global Biodiversity Framework, there's been growing interest in market-based approaches for biodiversity conservation, but significant challenges remain in establishing a global market for biodiversity credits due to their complexity and context-specific nature. As Charlotte Streck writes, alternative solutions like national and local schemes and standardized biodiversity claims are being explored to address these challenges.

The International Energy Agency (IEA) has underlined the necessity of curtailing future oil and gas production in order to keep warming at 1.5C above pre-industrial levels even as it sees a role for the companies that produce it in the energy transition.

Taiwan is considering bilateral programmes similar to Japan's Joint Crediting Mechanism (JCM) to secure high-quality carbon credits from international emissions reduction projects, a top climate policy planner told Carbon Pulse.

Policymakers are using poor data to calculate the social cost of carbon because global warming is causing increasingly frequent tropical cyclones and hurricanes that leave countries with less time to recover from the destruction, warns a new study.

The federal Australian government on Thursday provided details on its environmental law reforms, confirming that emissions reduction efforts will largely be handled by the Safeguard Mechanism.

The Philippines is set to announce priority investment areas for green and blue carbon projects as the country seeks to explore the potential of nature-based carbon sinks, with 1 million hectares of classified government forest land to be opened up for investments in Q1 next year, local media reported.