Carbon Pulse

Traditional Owner consent for a carbon project in Australia shouldn’t be a one-time event but an ongoing process where consent is asked for and given “again and again”, a conference in Cairns heard Tuesday.

An Australian research group will begin receiving A$87 million ($57 mln) in federal government funding in July as part of efforts to transition the country’s agriculture sector to net zero emissions, a conference heard Tuesday.

The Australian government on Tuesday put the call out for expressions of interest (EOI) for market participants to propose methodologies to generate Australian Carbon Credit Units (ACCUs), in line with recommendations of the Chubb Review.

The Global Biodiversity Framework Fund (GBFF) has approved a new round of grants, planning to deliver over $70 million for 18 new projects.

A US-based CO2 removal company on Monday announced the closure of its series B funding following a $50 million raise, also revealing that its first direct air capture (DAC) facility is now operational.

RGGI Allowance (RGA) prices reached fresh highs late last week amid market participants' anticipation of increased power demand this summer.

Migratory fish populations have fallen by 81% between 1970 and 2020, mainly due to the degradation, change, and loss of habitat, a study has found, calling for strengthening of monitoring efforts and enhancing river protection and restoration efforts.

The chair of the Integrity Council for the Voluntary Carbon Market (ICVCM), which last year unveiled the Core Carbon Principles (CCPs) that are intended to enhance the integrity of voluntary carbon credits, has said that the adoption of the CCPs marks an “inflection point” in the future of the sector.

A statistical approach that relies on many variables and deep data is emerging within the world of carbon insurance, such as the attempt by one insurance startup to assign risk to project methodologies, though the nuances of individual cases will still require judgment calls.

News broke that Verra has temporarily suspended the registry account of the troubled Rimba Raya project on Monday morning to cap a dreary previous week for the voluntary carbon spot market that is still undermined by thin liquidity and low prices.

South Africa’s economy could suffer significantly if the EU’s carbon border adjustment mechanism (CBAM) is extended to all sectors, leading to a 10% drop in exports by 2050, according to the country’s central bank.

The evolving market for biodiversity credits should seek to avoid some of the pitfalls of the voluntary carbon market (VCM), while capitalising on the interdependencies between climate and nature, said speakers during an event in London on Monday.

A team of researchers at the University of Oxford has outlined five policy interventions needed to keep the UK on course for net zero goals, warning against an over-reliance on carbon taxes, a solution often advocated by economists.

Oil giant Saudi Aramco and a US-based direct air capture (DAC) developer unveiled a Memorandum of Understanding (MoU) Friday intended to advance the nascent carbon removal (CDR) technology.

A London and New York-based carbon removal standard and registry has hired two carbon removal (CDR) experts to expand their science leadership team, the company announced on Monday.

Queensland maintains Australia’s best regulatory framework for carbon markets and project developers and the Northern Territory the worst, although all jurisdictions have room for improvement, according to an annual survey released Tuesday.

The market in use-of-proceeds and key performance (KPI)-linked sustainability bonds will play a massive role in global mitigation efforts, according to a senior researcher at a large financial ratings firm.

Verra has suspended the registry account of the troubled Rimba Raya voluntary carbon project in Indonesia, it announced Monday, plunging the future of the giant REDD activity into doubt.

The federal government of Nigeria has collaborated with an African carbon offset project developer to distribute 80 million clean cookstoves throughout the West African nation that have been fully financed by voluntary carbon credits.

An EU-commissioned survey on biodiversity credits has received less than a third of the expected responses, Carbon Pulse has learned, with the consulting group responsible for the study calling for increased participation to finalise it and present the findings at this year's COP16 UN biodiversity summit.