Carbon Pulse

France has opened a consultation on proposed revisions to its 'low-carbon label' methodologies, concerning afforestation, reforestation, and the restoration of degraded agricultural land in French Guiana.

South Korea is planning to allocate a budget of up to 10.9 billion won ($8.09 mln) to subsidise domestic companies that plan to develop emissions reduction projects abroad this year, as the government seeks to secure more international carbon credits. 

A number of stakeholders are urging the Australian government to reign in broad ministerial call-in powers being proposed under its reforms to the country’s environment and biodiversity protection laws.

The majority of global CO2 emissions released into the atmosphere since the Paris Agreement was adopted in 2015 can be traced to a small group of fossil fuel and cement companies, according to analysis published on Thursday.

An agtech partnership with an emissions trading marketplace launched on Wednesday aims to provide more than 30,000 smallholder farmers in Nigeria with access to carbon finance.

Stakeholders have criticised the latest draft of British Columbia’s second forest carbon offset protocol (FCOP 2.0) over the prospects of limited interaction with the voluntary carbon market (VCM) and for other perceived design flaws, according to a report.

California’s low carbon fuel standard (LCFS) prices fell around 5% this week with the reopening of a renewable diesel (RD) refinery flooding an already oversupplied market.

A US steel producer on Wednesday announced a 20-year agreement with a carbon capture technology firm to establish a CCUS facility at one of North America’s largest integrated steel mills.

A regenerative agriculture project from a Saskatchewan-based carbon credit origination and streaming company was the first to receive approval by a nascent New York-headquartered registry, according to a statement released on Wednesday.

Verified emissions under the EU ETS dropped by a larger-than-expected 16% in 2023, according to the European Commission and two analysis firms’ calculations, with a huge fall in power generator CO2 output driving the record decline.

Greece is expected to submit a not-so-ambitious climate plan, giving in to fears that its economy will not be able to sustain a fast decarbonisation, according to officials.

The US Department of Energy (DOE) has unveiled its first federal strategy for decarbonising the buildings sector, intended to reduce related greenhouse gas (GHG) emissions 65% by 2035 and 90% by 2050.

A data management company has teamed up with an online trading platform provide to deliver live voluntary carbon market information to customers, the two announced on Wednesday.

Two non-profit organisations and a Brazilian financial institution have joined forces with Rio de Janeiro municipality to develop an urban biodiversity credit programme and standard, while planning five other projects around the world, Carbon Pulse has learned. 

Three Brazilian community groups, stakeholders in a suspended REDD project certified by Verra, are attempting to sue the voluntary carbon standard for $8 million each ($40 mln Brazilian reais) in lost profits.

Industry, environmental NGOs, and think tanks have urged the European Commission not to rush when defining the rules of low-carbon hydrogen in an upcoming delegated act.

The UN has appointed German environmental diplomat Astrid Schomaker as the next executive secretary of the Convention on Biological Diversity (CBD), ahead of the crucial COP16 biodiversity summit due to be held in Colombia later this year.

A Canadian e-commerce platform is investing $3.37 million in a reforestation activity in Brazil designed to support biodiversity and generate voluntary credits, in what represents a rare forest carbon investment for the company, according to an announcement Wednesday.

The quality of each biodiversity or carbon project is more important than every initiative being tradable for the market to work, similar to trading bottles of wine, French asset manager Mirova has said.

The UK government has said it will not rule out measures designed to reduce demand for flights if its current strategy for curbing aviation emissions falls short, in a response to a report by lawmakers scrutinising the country's decarbonisation plans for the sector.