Carbon Pulse

Headlines in the trade press about the troubles of Rimba Raya in Indonesia were over-shadowed last week by a BBC investigative programme that exposed many criticisms of individual REDD projects to the general public, while also questioning the efficacy of voluntary efforts in general to the net zero cause, though prices saw little change.

The Indonesian forestry concession holder of the troubled Rimba Raya REDD+ scheme on Monday said it had terminated its agreement with the project proponent, plunging the world's largest forestry offset project deeper into chaos.

The European Commission should extend the scope of its emissions monitoring tool on flights to also cover non-CO2 gases, according to a letter sent by airlines and NGOs on Monday to the Belgian presidency of the Council and the responsible Commission units.

Existing human-induced regeneration (HIR) carbon projects that get folded into Australia’s integrated farm land management (IFLM) method could see their credit issuance halved due to more stringent requirements, analysis has warned.

The EU’s carbon market diplomacy taskforce was formally launched on April 1 by the European Commission’s climate directorate and a new head has been appointed, an EU official confirmed.

A French-based environmental company has started piloting a biodiversity credit methodology for nature conservation and restoration projects in Mexico, with the first results expected by the end of October, Carbon Pulse has learned.

A newly-launched project aims at accelerating and scaling nature-positive efforts by businesses, financial institutions, and European governments.

Germany has launched a search for contractors to assist the government of Kosovo in preparing for the EU’s carbon border adjustment mechanism (CBAM) and to establish a regional ETS in the Balkans.

Global investment in clean technology manufacturing surged to $200 billion last year, a 70% increase from 2022, with solar manufacturing capacity already aligned with the deployment levels required in 2030 to achieve net zero emissions, the International Energy Agency (IEA) has said in a report released Monday.

A Japanese startup has launched a rating service for projects in the country's national offset programme in a bid to bring much-needed transparency to the domestic carbon market.

The New Zealand government is mulling whether to include the emissions from international flights and shipping to its emissions target, and is seeking public feedback and submissions in a first for the nation.

Japan has given the green light to the registration of 32 projects under the J-Credit scheme, which could generate nearly 1.7 million carbon credits over their lifetimes, as the country continues its efforts to boost domestic offset issuances.

A European developer of bioenergy with carbon capture and storage (BECCS) projects has inked a contract with a technology company worth 3.3 million tonnes, in the largest announced durable removals deal in terms of volume to date.

Japan and Brazil have pledged to work together to fight climate change, with plans covering the protection of the Amazon rainforest and the development of sustainable fuel.

One of Southeast Asia’s few planned mandatory carbon credit markets is ramping up its work after the prime minister signed a new directive at the end of last week.

An Australian hydrogen company has signed a binding agreement to build a commercial scale production facility in Canada, as the spread between spot generic and human-induced regeneration (HIR) credits returns.

The rise of policies aimed at harnessing forests to absorb carbon is driving the commodification of forests, hindering the slow-down of deforestation, and ignoring their social benefits, scientists warned in a report published on Monday.  

There is a significant gap in the CO2 removal efforts needed to meet the temperature goals of the Paris Agreement, according to researchers.

Policy developments seen emerging in the coming months will lift California Carbon Allowance (CCA) prices to a new record high above $45, analysts predicted this week, while they considered RGGI Allowances (RGA) overvalued at current levels.

A New Jersey legislator introduced a bill this week that would direct the state’s Department of Environmental Protection (DEP) to implement a cap-and-trade programme to cover most greenhouse gas emissions not regulated under RGGI.