Carbon Pulse

A plastic offsetting project backed by a food and drink multinational has been suspended on Verra’s plastic credit registry following complaints by the local community that the recycling facility was built illegally close to their land and without proper consultation, leading to withdrawal of involvement by the multinational.

Large voluntary carbon project developer and investor South Pole has secured fresh financing from its largest shareholders, setting the company up for the next phase of development following recent changes in senior leadership, it announced this week.

Japan has decided to officially introduce a market maker mechanism to boost liquidity in its exchange-traded domestic carbon market.

European carbon permit prices were headed for a second weekly loss in succession on Friday as prices retreated in concert with TTF natural gas, with sources reporting some profit-taking ahead of the weekend.

Some companies, including international ones, are already trying to hedge their CBAM certificate exposure by buying EUAs on the forward market, but this additional demand will not impact EUA prices, according to market observers.

Nature conservation actions implemented to date have led to gains in biodiversity or contributed to slowing its decline in two-thirds of cases, according to a study claiming to be the first of its kind.

Fiftysix multinationals are responsible for more than half of the world's branded plastic pollution, with six companies producing a quarter of that, a study has unveiled.

China’s national carbon market saw allowance prices extend recent gains over the past week, climbing above the 100 yuan ($13.80) level and rising for the seventh straight session, amid continued optimism among participants.

The world’s long-term supply of LNG may well outstrip demand and markets may tip into oversupply in just two years, according to a report published this week, adding to concerns over the fossil fuel industry's ability to reduce carbon emissions in line with global targets.

The Taliban government in Afghanistan has entered the first stage of discussions with the UN, donors, NGOs, and other stakeholders to understand the impact of climate change on the Central Asian nation.

Australia’s Clean Energy Regulator on Friday opened the fourth pilot exit arrangement window for companies with fixed delivery contracts to sell carbon credits to the government’s Emissions Reductions Fund (ERF).

Federal incentives to lower carbon intensity (CI) in feedstocks, coupled with advancements in carbon removal and renewable natural gas, could propel the biofuels industry towards net zero in the US, industry members told a webinar Thursday.

California Carbon Allowance (CCA) prices traded lower through a volatile week as a highly anticipated rulemaking workshop failed to offer clarity on proposed changes to the cap-and-trade programme, while Washington Carbon Allowance (WCA) values declined amidst ongoing muted activity.

Dozens of environmental advocacy groups and over 20 state attorneys general separately filed motions this week to intervene in a lawsuit filed against the US Environmental Protection Agency (EPA)’s vehicle emissions standards.

A Canadian CCS firm and an Iceland-based CO2 mineral storage operator on Thursday announced a partnership to explore storage potential in Quebec.

Two of the world’s largest investment firms have raised $1.4 billion for their inaugural late-stage venture capital and growth private equity investment fund that is targeting companies accelerating the low-carbon transition.

A nature-based trading startup announced on Thursday that it has secured nearly €5.3 million ($5.7 mln) in seed funding to advance its operations and introduce additional offset projects to its platform.

The giant Rimba Raya Biodiversity Project in Indonesia has been plunged into controversy after the local concession holder saw its business licence revoked by the government for violating carbon trading regulations, with the project's owner failing to be notified about it.

A Canada-based carbon project financier has agreed to pay $5.6 mln to acquire several gross revenue royalties on a portfolio of improved forest management (IFM) offset projects in the southeastern US.

Drives for greater integrity in the voluntary carbon market, such as classification of high-quality projects by rating agencies, will help to instil greater confidence in the market, bolstering demand and reducing oversupply so that prices could exceed $230 per tonne in the 2040s, according to analyst research heard on a webinar today.