Carbon Pulse

China has launched the Kunming Biodiversity Fund, with the signing of the new venture witnessed by Chinese environmental officials and UN agencies this week after first establishing the framework over two years ago.

The federal government on Wednesday introduced legislation to establish national environmental watchdog and information gathering bodies, but the move has been criticised by business and environmental groups alike, highlighting deep divisions in Australia's nature reform space.

The Science Based Targets Network (SBTN), a voluntary initiative for companies to set science-based targets related to their impacts on nature, has appointed an independent Accountability Accelerator to validate targets for an interim period of up to three years.

The New South Wales’ Environmental Protection Agency (EPA) is currently consulting on stricter guides and requirements for new projects emitting large volumes of greenhouse gases.

The UNDP and the Global Environment Facility (GEF) on Tuesday launched the Blue and Green Islands Integrated Program to scale up nature-based solutions in 15 Small Island Developing States (SIDS).

RGGI compliance entities held allowances well in excess of their Q1 covered emissions at the end of March, according to a report published Tuesday.

Ireland will fall short of meeting its national and EU greenhouse gas emissions reduction targets for 2030, even if it fully implements its entire suite of climate policies, the country has warned.

RGGI Allowance (RGA) prices receded from recent record highs with market participants framing positions ahead of next week’s second quarterly auction for the year.

A California state senate bill on 'durable' carbon dioxide removals (CDR), initially passed in 2023 but currently in revisions after failing to obtain Democratic Governor Newsom’s approval, has faced its strongest opposition from environmentalists who favour nature-based CDR, according to the aide who authored it.

The US Department of Energy (DOE), which will ultimately purchase $35 million worth of carbon dioxide removal (CDR) credits from project developers, announced the 24 awardees selected in its first phase of funding on Tuesday.

Giant voluntary carbon project developer and consultancy South Pole has appointed a former insurance heavyweight as the new chair of its board, with the move part of the Swiss-headquartered company’s business transformation plans.

A partnership between a clean cooking project developer and a carbon investor is prioritising countries that are ready to issue letters of authorisation (LOA) for the roll out of its new cookstoves, given the growing demand for Article 6-aligned credits.

The meat and livestock industry has been using fossil fuel companies’ techniques to erode EU efforts to address rising emissions from the sector, according to a new report by a climate non-profit.

Investment in the voluntary market will need to treble by 2030 to meet the ramp up in demand from the corporate sector, a webinar heard Tuesday.

A lack of carbon removal (CDR) regulation in emerging economies of the Global South is restricting the scale-up of new technologies, a research paper has found.

Acknowledging the potential of voluntary carbon credits in supporting global decarbonisation efforts, the US issued on Tuesday a joint policy statement and associated integrity principles for stakeholders and the government to aid the development of the market.

Economic policy assessments should incorporate the monetary value of the benefits that people derive from ecosystems, an EU Commission study has said, calling for establishing a separate indicator to complement the conventional gross domestic product (GDP).

Stockholm Exergi, a Swedish firm that received €180 million from the EU to build the bloc’s first bioenergy with carbon capture and storage (BECCS) plant, says the EU’s green claims directive got off to the wrong foot, and suggests a way forward.

Ireland's largest private forestry management group is set to pilot a monitoring framework for measuring biodiversity gains on a replanting project, as it considers issuing biodiversity credits in the future.

European carbon prices dipped moderately on Tuesday morning amid general weakness in the energy complex, further reinforcing the correlation between EUAs and natural gas prices even as the month neared its end and hedging of TTF options positions appeared to be over.