Carbon Pulse
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News and intelligence on carbon markets, greenhouse gas pricing, and climate policy
Updated: 1 hour 29 min ago
Carbon credit registry launches new US forest carbon crediting methodology
A methodology for protecting US forests at risk from other land uses like real estate, mining, and agriculture has been announced by carbon credit registry in collaboration with a forest carbon firm.
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Tanzania looks to develop series of linked REDD projects to generate Article 6 credits
Plans are underway to create a series of linked REDD projects that will cover 1.8 million hectares of designated national parks in Tanzania, and generate correspondingly-adjusted carbon credits under Article 6 of the Paris Agreement.
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US hemp-focused carbon credit platform closes, CEO says
A Denver-headquartered carbon credit exchange company will close due to a failure to secure funding, its CEO announced in a LinkedIn post this week.
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Biodiversity Pulse: Thursday November 30, 2023
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).
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Indigenous Peoples-led nature credit framework launched by Pollination arm
A voluntary nature credit development framework led by Indigenous Peoples and local communities (IPLCs) has been launched by Pollination Foundation.
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COP28: UN climate loss and damage fund approved in historic first-day progress
Delegates adopted a new climate loss and damage fund at the first day of the two-week COP28 UN climate negotiations on Monday, a move that immediately led several governments to announce contributions.
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COP28: Canadian climate commitments at odds with its oil and gas industry -panel
Canadian environmental non-profits advocated for fossil fuel phase-out language in a panel Thursday at COP28 in Dubai as the federal environment ministry is soon expected to announce a cap on emissions from oil and gas.
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Court orders Germany to come up with emergency action for sectors violating CO2 emissions limits
A court has ordered the German government to set up a climate action plan to adequately tackle emissions in the traffic and construction sectors, adding to Berlin's recent climate policy woes.
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UK biodiversity net gain release exposes ‘serious risks’, say ecologists
The publishing of draft legislation on the UK’s biodiversity net gain (BNG) framework has been broadly welcomed, but its planning permission proposals have triggered concerns about "serious risks" among ecologists.
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EU carbon removal framework may add complexity to global market -experts
Independent carbon credit certification bodies and the EU’s own carbon removal certification efforts are likely to coexist in the removals market once the EU methodologies are issued, experts said during a webinar on Thursday, though this is not likely to occur before 2026.
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COP28: NGOs urge nations to prevent carbon project “landgrabs”, citing UAE developer activity
An open letter signed by multiple environmental groups has urged signatories to the UN Paris Agreement to protect countries against what they describe as "landgrabs" from carbon project developers.
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Euro Markets: Midday Update
European carbon prices were firmer in Thursday morning trade despite an early effort to test the recent low, as traders appeared to be switching focus to the options market with the December contract having just two weeks left till expiry, while energy markets rose for the first time in five days.
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Scottish nature restoration consortium to develop biodiversity credits as part of funding solution
A consortium of groups and organisations in Scotland on Thursday announced an investment plan for a new restoration project that in part will rely on a partnership with a nature fintech platform that recently won a contract with the government to develop a biodiversity credit system.
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Chinese developer secures mangrove project in Indonesia
A Chinese project developer has secured a mangrove-based carbon sink project in Indonesia, as it continues to expand its presence in the international voluntary market.
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COP28: New European group to promote clean aviation fuel
A new coalition is seeking to speed the uptake of sustainable aviation fuel (SAF) arguing that high prices keep demand low but low demand keeps prices high as it prevents economies of scale developing.
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COP28: Major EU utility launches UAE-based carbon markets subsidiary
A large European utility has formally launched a subsidiary based in the UAE as it aims to scale involvement in carbon markets, according to a release Thursday.
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French initiative to produce biodiversity benefit assessment methodology
A French initiative launched this week to develop a methodology for assessing the biodiversity benefits of activities, a move expected to underpin the creation of voluntary biodiversity credits.
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COP28: Roundup for Day 1 – Nov. 30
It's Day 1 of COP28 and enough delegates to fill a mid-size city – nearly 100,000 – are arriving en masse at Expo City in Dubai, UAE. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).
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CP Daily: Wednesday November 29, 2023
A daily summary of our news plus bite-sized updates from around the world.
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East African nations should prioritise certain GHG mitigation project types for maximum impact -study
Identifying and prioritising mitigation technologies or activities could assist East African countries in developing “positive lists” that can be used to help combat climate change through the operationalisation of the Paris Agreement’s Article 6, according to a new study.
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