Carbon Pulse

Global carbon standard Verra on Tuesday released its new methodology for afforestation, reforestation, and revegetation (ARR) projects for its VCS programme that will allow the use of dynamic performance benchmarks for the first time.

A conservation group has called on the Australian government to apply stricter integrity principles to the Australian Carbon Credit Unit (ACCU) scheme, saying recently proposed measures “appear to serve optics more than material outcomes”.

A New Zealand forestry group has confirmed to Carbon Pulse it intends to file a judicial review into the Ministry of Primary Industries’ (MPI) announced per-hectare annual charge and service fees by the end of the week.

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

Approaching clean energy (CE) procurement from the standpoint of an emissions first accounting framework, 24/7 reliability requirements, or a huge backlog of renewable generation builds that face supply chain issues are some considerations that could counter additionality concerns, a conference heard Monday.

New research has redefined scientists’ understanding of global carbon sinks, revealing that boreal and temperate forests are now the leading contributors to the capture of atmospheric CO2, while challenging existing findings on absorption by tropical forests.

Washington state’s shifting of cap-and-trade reserve sale sizes this year has made it difficult to participate in the market, and the resulting instability poses a threat to the jurisdiction’s desire to link with the broader California-Quebec carbon market, traders said Monday.

A Swiss climate-tech firm has announced the opening of its first commercial site for permanent CO2 storage in the EU, located in Berlin.

The Washington state Clean Fuel Standard (CFS) saw a surplus of units largely generated from ethanol in the programme's inaugural quarterly credit generation figures, according to government data published Friday.

RGGI Allowance (RGA) prices retreated after a surge that saw record-high values surpass the Cost Containment Reserve (CCR) trigger price in response to the latest Third Program Review meeting, as participants indicated that the market was stabilising after the unwarranted soar on Tuesday.

EU commissioner-designate for climate action Wopke Hoekstra on Monday he will act in line with scientific advice on the bloc's climate targets for 2040, while professing his love for the bloc's carbon market.

Bulgaria’s government has submitted plans to the EU detailing how it will help coal-reliant regions phase out the fuel, aiming to run the country’s coal-fired power units until 2038 without setting dates for when each plant will be retired.

Policymakers around the world must work together to tackle climate change by setting minimum carbon prices as well as removing trade barriers, avoiding subsidy races, and finding ways to “crowd-in” private financing, the International Monetary Fund said on Monday.

Nearby nature-based carbon credit futures tumbled over the past week to create backwardation between the spot and the December future, as much of the rest of the market was little changed despite relatively strong volumes.

Power generation covered by the EU ETS fell by more than one-fifth over the first nine months of 2023, compared to the same period last year, according to data collated by a research organisation, with weak demand and rising low-carbon output crushing fossil fuel burn.

A San Francisco-based direct air capture (DAC) company on Monday revealed its principles for "high-road" CO2 removal (CDR), which include barring the use of fossil fuel revenues and raising barriers for energy industry involvement.

The largest bank in the UAE has signed two strategic partnerships for the supply of "high-quality" carbon credits in a further step to becoming the UAE’s carbon trading hub.

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UK energy minister Claire Coutinho announced Monday a shortlist of companies selected to build small-scale nuclear reactors in the country, alongside measures to boost rooftop solar expansion and energy efficiency investment, as she emphasised energy security and job creation in a speech to her party.

Global companies need clearer guidance on what 'beyond value chain mitigation' is and which claims they can make make based on their actions, according to a consultation process carried out by the Science-Based Targets initiative (SBTi).