Carbon Pulse

A new approach to deciding which areas get selected for protection can save almost twice as many mammals from extinction globally, a study has found, with more than half of the most crucial habitat located in just seven countries.

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

A Canadian law professor argued in an op-ed Friday that the federal Liberal government’s carbon pricing carve-out for home heating oil could “imperil” the legality of the carbon price in itself, while other legal experts rebut the arguments.

Compliance entities preferred current year vintage California Carbon Allowances (CCAs) and increased their length, while financial players opted for next year's CCA vintage and decreased their net length, and both shed RGGI Allowances (RGAs) and Washing Carbon Allowances (WCAs), US Commodity Futures Trading Commission (CFTC) data showed Monday.

A US airline announced a partnership with with a Software-as-a-Service (SaaS) firm offering customers the option to purchase credits against flight emissions, in a press release on Friday.

Democrats in the Wisconsin Assembly on Thursday introduced a legislative package to accelerate climate action in the state, including energy efficiency measures, sustainable agriculture practices, and considerations for the social cost of carbon (SCC).

The UK government on Friday announced it will invest £4.5 billion in subsidies and grants for green industry from 2025, with just under half going to the electric vehicle sector and £1 bln to green energy including hydrogen.

South Africa will receive €500 million in concessional loans from German development bank KfW to undertake a low-carbon transition of its coal-based power sector and promote long-term energy security, the German government confirmed in a statement on Friday.

A Namibian biochar project has become the first in Africa to be awarded carbon removal credits under the European Biochar Certificate (EBC) C-Sink Standard, with its Germany-based developer intending to establish six projects in the nation by next year.

Allowing soil carbon credits to be surrendered during the initial phases of ICAO’s CORSIA scheme for international aviation would be premature due to the project type’s lack of MRV standards and a “realistic, defensible” baseline for estimating emissions, a US-based green group has claimed.

The European Parliament’s agriculture committee is planning on proposing several farming practices for the EU’s Carbon Removal Certification Framework on Nov. 21 as part of the bill’s full Parliament vote, though several sources don’t expect the changes will be voted through, as the Council of member states adopted its own negotiating mandate on Friday.

The UN body responsible for shaping the rules for carbon crediting under Article 6 of the Paris Agreement adopted its carbon removals recommendations on Friday, a day after agreeing wider methodological guidance, with the text described as "general" and "technology-neutral" by observers and leaving a significant amount of additional technical work for the future.

A further attempt to reform the controversial Energy Charter Treaty (ECT) is likely to fail again at its annual meeting next week despite multiple EU nations announcing they will leave the pact due to its incompatibility with the bloc’s climate law, an environmental think-tank warned on Friday.

A Dubai-headquartered mangrove restoration firm is exploring the potential for blue carbon in Vietnam, after signing an MoU this week with a jurisdiction in the Southeast Asian country, the company has confirmed to Carbon Pulse.

The market potential for using bamboo manufacturing offcuts to produce carbon credit-generating biochar is heating up, as an increasingly attractive option for developers already generating nature-based removal credits from fast-growing bamboo plantations with excellent CO2 sequestration ability.

European carbon prices rallied modestly after Thursday's steep plunge amid a decline in selling interest as activity calmed ahead of the weekend, while energy markets weakened as the demand outlook remains lacklustre.

A removals buyers club has sealed its first offtake contracts with direct air capture (DAC) startups for the future delivery of a units totalling over 70,000 tonnes, the initiative announced this week.

Prices in China’s CO2 allowance market over the past week continued to drop even with robust trading activity ahead of the primary compliance deadline, while the offset market saw a string of new policies to support the relaunch of the voluntary programme.

The vast majority of countries overlook or insufficiently involve Indigenous people and local communities (IPLCs) when drawing up biodiversity action plans, despite a large body of evidence that including them makes for far more effective nature conservation strategies, a report has found.

Chinese regulators have published three supplementary rules for offset trading and new projects registered under the country's national voluntary scheme, a move considered essential for participants to get engaged in the undersupplied market.