Carbon Pulse

A judge in the San Martin region of Peru has ruled against several government agencies and an NGO developer that manages one of the world’s biggest historical issuers of REDD credits, in favour of Indigenous peoples, ordering the state to apply land titles to ancestral lands, nullify some forest concessions, and conduct community consultations with benefit-sharing.

Agreement on a 2040 climate target at EU level must be preceded by an “action plan” outlining the means of achieving the objective, including the principle of technology neutrality to make room for nuclear power alongside renewables, French energy minister Agnes Pannier-Runacher said on Tuesday.

The European Commission gave France the go-ahead on Wednesday to disburse €3 billion of state aid in support of decarbonisation efforts from industries covered by the EU's Emissions Trading Scheme (EU ETS).

The voluntary biodiversity credit scheme announced in France could incentivise offsetting over the reduction and avoidance of impacts on nature, as the underlying rules have raised serious doubts over their effectiveness in recent years, a biodiversity consultant has told Carbon Pulse.

Futures for Phase 1 of CORSIA, the UN's international aviation offsetting scheme, have jumped higher in the wake of reported results from a credit auction coming to light this week.

Bringing the cement sector into China’s emissions trading scheme will see the total amount of CO2 regulated by the market grow by over a billion tonnes of CO2, but only lead to a minor increase in emissions, analysts have predicted.

Germany’s energy sector CO2 emissions fell to 188 million tonnes in 2024, a 9% decrease from 2023 and 60% below 1990 levels, according to a new report released on Wednesday.

A soon-to-be-released method has proven effective in detecting hundreds of species in the Amazon combining AI and remote devices, with researchers planning to implement it globally in a way that could support science-based nature markets, the project leader told Carbon Pulse.

A large private investment house is seeking investors for its €500 million nature-based solutions fund, which will finance carbon project development, and is on the cusp of finalising €50 mln from the European Investment Bank (EIB).

Fundamental shifts in how the world deals with the biodiversity crisis are urgently needed to halt and reverse nature loss, and could generate over $10 trillion in business opportunity value if implemented immediately, according to a report released Wednesday by the Intergovernmental Platform on Biodiversity and Ecosystem Services (IPBES).

European carbon allowances advanced modestly on Wednesday morning, loosening their correlation with natural gas prices for a second day as the market accustomed itself to the new front-December contract, while weekly positioning data from the futures exchanges showed speculative traders trimming their bullish bets.

Pakistan has become the first South Asian nation to commit to discussions with the Fossil Fuel Non-Proliferation Treaty initiative even as Bahamas has joined the bloc negotiating the winding down of fossil fuel production, a statement released Wednesday said.

Zimbabwe has launched a national carbon market framework that aligns policy with Article 6 of the Paris Agreement, local media reported on Wednesday.

The social cost of carbon (SCC) is being significantly under-estimated as current calculations fail to adequately consider how climate change could affect human welfare, with implications for policy making, a new study has found.

The Net Zero Industry Act risks setting the CCUS industry up for failure if the European Commission does not step up to integrate the value chain and regulate CO2 transport, said Rachael Moore, founder of consultancy CarbStrat, in an interview with Carbon Pulse.

Several Australian companies were awarded offshore GHG assessment permits Wednesday as part of the process to potentially begin work on offshore carbon capture and storage (CCS) projects.  

Peak oil has been joined by a plateau in coal, according to the International Energy Agency’s (IEA) three-year outlook for the commodity, which saw a downturn during Covid-19 and a resurgence in use in the past two years, buoyed by high gas prices since the 2022 Russian invasion of Ukraine.

The number of surplus units in New Zealand’s emissions trading scheme is around 22% lower than government figures suggest,though regulators should be cautious about adjusting ETS auction volumes based on this finding, according to consultants EY.

US DOE released a highly anticipated study listing environment and community effects of its LNG exports estimated at increasing global emissions by 0.05% from 2020-50, without an explicit recommendation to extend the temporary pause of pending and future project approvals.

Poland can use its Council of the EU presidency next year to help the EU become a global clean tech hub, applying lessons learned from its own success story, a think tank said on Wednesday.