Carbon Pulse

One of the key architects of the ‘social cost of carbon’ (SCC) price on climate impacts has released new projections judging that it now sits at $225/tonne CO2 – higher than earlier estimates, including those of the US Environmental Protection Agency (EPA).

A New York-based carbon removals project developer has completed the second phase of its afforestation project, which it said is the largest Gold Standard-approved initiative of its kind in the US.

Carbon removals should be kept separate from offsets, NGOs said in a letter urging members of the European Parliament to reject the EU's draft Carbon Removal Certification Framework (CRCF) in a plenary vote this week.

ICE's CORSIA Phase 1-eligible (2024-26) voluntary carbon futures extended gains to reach a fresh record last week, on very low volume, with the price strength coming off the back of 'panic' buying given the supply uncertain outlook, according to sources.

A private sector group of European and international supporters of carbon removals (CDR) launched a public consultation on proposed industry commitments Monday.

Countries need to more actively engage on climate change issues within the WTO, as an ever-increasing share of barriers and notifications brought before the international trade body are related to climate policies, the organisation's deputy head told Carbon Pulse in an interview. 

The lack of a common approach to biodiversity reporting among emerging standards for corporate disclosures is poised to hamper comparability of companies' impacts on nature, a paper has said, calling for a global framework that integrates and aligns existing methodologies to be established.

The illegal trade in climate-warming refrigerant gases entering Europe is continuing at a significant level despite the worsening climate emergency, as organised criminals become more sophisticated in evading law enforcement, according to a report by an environmental NGO.

A "first evidence-based" tool developed by a global alliance could enable farmers to better assess their impacts on biodiversity, as the need to address nature protection in the agricultural sector is being increasingly emphasised, according to an international group of researchers.

European carbon allowance prices rose on Monday morning, shrugging off a sharp fall at the opening to move to their highest since the end of February, once again tracking power and natural gas prices.

The record decline in CO2 emissions registered in Europe in 2023 was caused in part by “demand destruction” across a range of energy-intensive industries, which could prove “permanent” due to high gas prices and carbon pricing policies, analysts say.

Carbon standard Gold Standard and the International Rice Research Institute (IRRI) have created a resource hub designed to help rice growers access carbon finance, they announced Monday.

South Korea could see the results of this week's parliamentary elections determine the trajectory of the country's carbon pricing schemes and energy policy.

Indonesia's state owned oil company is planning to use its significant geothermal resources to create green hydrogen to supply industries already using a less environmentally friendly form of the gas.

New Zealand’s Climate Change Commission launched a consultation on Monday to assess the country’s emissions budgets, saying key circumstances had changed that could mean the target should be bolstered.

An Indian renewable energy company has signed an agreement with a major farmers’ cooperative for the production of ammonia through renewable sources and is ready to provide credits to be generated in the international market.

Voluntary nature credit suppliers are exploring strategies to spur companies' appetite for units, including streamlining purchases and organising awareness-raising events, as players in the carbon space do not yet have the confidence to foray into the market.

The Clean Energy Regulator (CER) is taking a trading company and its former director to the Federal Court for allowing unauthorised persons access to its emissions registry unit (ANREU) account, it announced Monday.

The New Zealand government's independent review of the country's methane science and targets has been criticised by the Green Party, pointing out it is duplicating work already being carried out by the Climate Change Commission (CCC). 

Companies should quickly establish and deploy nature positive aligned strategies, according to a global advisory firm and an NGO that on Monday released a step-by-step guide for doing so, in order to contribute to global conservation targets.