Carbon Pulse

The verification standards followed by carbon market participants in India lack integrity and the government can make better use of the existing standards approved internationally, an expert told a conference Thursday.

Digitalisation of the carbon credit verification process could and perhaps should spell the end of the current MRV process and VVBs, according to a senior World Bank official speaking Thursday at a conference.

The Australian government will invest A$69.2 million ($43.3 mln) to develop a renewable hydrogen hub in Queensland, it announced Thursday, as the latest weekly issuance of Australian Carbon Credit Units (ACCUs) fell to just 40,000 units.

The Pacific island of Fiji on Thursday signed a Memorandum of Understanding (MoU) with a South Korean conglomerate on a project to plant and restore mangroves to reduce carbon emissions.

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

A carbon management firm launched guidelines to mitigate potential adverse impacts related to biomass-based CO2 removal offtake agreements at a conference on Wednesday.

More than just sustainable aviation fuel (SAF) will be needed to decarbonise the world’s aviation industry as even with full deployment only 80% of emissions will be cut, and customers may not always be willing to cover the costs, a conference heard Wednesday.

China's Guangdong is planning to include three new emissions-intensive sectors in its regional emissions trading scheme (ETS), as the province has pledged to expand the scope of the carbon pricing mechanism.

Quebec's environment ministry (MELCCFP) is looking at restrictions on the use of offsets within its cap-and-trade programme before the end of the decade, and is also mulling more wholesale changes to the credit system thereafter, officials detailed in a webinar on Wednesday.

A Calgary-based carbon project developer announced Wednesday a partnership with a community development organisation and an ESG-specialised consultancy to provide emission offset solutions and explore CO2 removal options in ways that benefit Indigenous communities.

The owner of a California-registered forest offset project is suing the original landowner for over $1 million for allegedly overstating the carbon sequestration capacity of the project, causing the new holder to need to purchase more credits to compensate for an international reversal.

The leader behind the Oregon Clean Fuels Program (OCFP) will take up a senior position at a national advanced biofuels group in early 2024, the organisation announced Tuesday, meaning two West Coast jurisdictions are losing their government agency heads for their respective low-carbon fuel standard (LCFS) programmes.

Demand for quality-focused carbon removal credits has significantly grown, despite an overall credit decline in issuances largely driven by downward trends in REDD+ and renewable energy (RE) credits, according to a report released by a carbon management firm on Wednesday.

California compliance offset issuance slowed over the past two weeks to once again trail year-ago levels, state data published Wednesday showed, while credits providing direct environmental benefits to the state (DEBs) reached an all-time high premium to untagged units heading into next week’s interim cap-and-trade true-up deadline.

Nations gathered at the COP28 UN climate summit next month should include carbon credits from forestry-based activities in the final rules for the Article 6.4 successor mechanism to the Kyoto Protocol, a Brazilian agriculture lobby group said in recommendations to the federal government Wednesday.

A Paris-based startup has raised $2.6 million to expand its monitoring, verification, and brokering of carbon credits generated from emissions reductions in rice throughout markets in Asia, Africa, and South America.

Nations must agree aggressive near-term targets to increase renewable energy worldwide as well as to phase out fossil fuels to ensure the Paris Agreement's climate goals are kept within reach, EU officials said on Wednesday in assessing ambitions for year-end COP28 UN climate talks in Dubai.

A UAE company has signed a collaboration deal with the Kenyan government for the development of REDD+ projects across millions of hectares in the African nation, according to a press release Wednesday. 

The EU’s role in developing robust methodologies for carbon removals as a way to scale up the market and build trust in the nascent industry was highlighted by international players at a forum in Brussels on Wednesday that focused on designing direct air capture (DAC) and bioenergy with carbon capture (BECCS) methodologies.

Ahead of a UN-affiliated meeting next week on deep-sea mining, an NGO-led campaign has called for a blanket moratorium on the activity and the closure of legal loopholes that permit deep-water extraction work.