Carbon Pulse

Some of the world’s largest forestry companies on Thursday jointly launched the International Sustainable Forestry Coalition (ISFC) to support a greater role for the forestry sector in the sustainability transition.

BP’s planned clean fuel and green hydrogen hub at its shut-in oil refinery in Perth in Western Australia would have struggled to get past the first post without A$70 million in funding from the Australian federal government in April last year.

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

Carbon Pulse has increased its global team of reporters by nearly 50% in its largest hiring push to date, as the company channels significant investment into further strengthening the world’s premier carbon markets news service.

An agtech-focused carbon credit developer has had its methodology published in a peer-reviewed journal, which they claim adds scientific weight to their crediting approach.

It will likely take until 2024 for three different integrity initiatives to resolve declining voluntary carbon market (VCM) prices, researchers said in a report released Wednesday.

First Sentier Investors, a global investment manager, has launched guide Thursday designed to help institutional investors identify and assess nature and biodiversity risk in portfolio companies in light of the final framework outlined by the Taskforce on Nature-Related Financial Disclosures (TNFD), which is due to be published imminently.

Confusion on how to understand the legal nature and classification of carbon credits highlights the need for global harmonisation in the international marketplace, said a panel of lawyers at a webinar on Wednesday.

D6 RINs plunged to a 1.5-year low this week, as market participants attributed the decrease to an oversupply of D4 credits under the US Renewable Fuel Standard and the impact of a falling bean oil-heat oil spread.

The August auction for Washington’s WCI-modelled cap-and-invest programme sold out at a new high and triggered its second reserve sale this fall, according to results published Wednesday, though permit values tumbled on the secondary market after the Department of Ecology (ECY) revealed millions of these forthcoming cost containment allowances would be sold exclusively at the scheme’s lower reserve tier price well below recent levels.

The European Commission is set to introduce EU ETS allowance transaction limits as part of security measures for the market's Union Registry, with a regulation due to enter into force on Sunday that includes a provision to charge a new fee for registry access.

Some 13% of approximately 1,000 banks covered by ISS ESG’s data service are linked to biodiversity controversies, according to an executive at the company.

A group of REDD project developers and experts are backing a new standard body that will provide an alternative to Verra’s proposed consolidated methodology for avoided deforestation, a well-placed source has told Carbon Pulse.

A group of UN finance organisations have launched voluntary principles to guide market participants for bond instruments in an effort to increase biodiversity and climate-focused investment in marine projects.

A coalition comprising some of the largest environmental organisations and business groups has banded together to define the term 'nature positive', in a bid to clear up its meaning for stakeholders in nature and biodiversity.

Two German carmakers and a large e-fuels firm announced at a summit in Munich that they will develop a direct air capture facility to be installed in Chile in 2024.

A large energy and chemicals firm based in South Africa has partnered with a voluntary carbon project developer, the firms announced in a release Wednesday, which will see historically one of the largest corporate buyers of credits secure fresh supply.

European carbon continued to trade in a narrow range, moving slightly higher over the morning as the market took account of the two-day pause in daily auctions while positioning data showed that speculative traders had increased their net short holdings.

The Integrated Biodiversity Assessment Tool (IBAT) Alliance has partnered with impact data and analytics provider GIST Impact to help investors access its information.

Conservation International and the Peace Parks Foundation have committed $150 million to a new initiative during Africa Climate Week that aims to boost biodiversity and climate resilience through climate-smart grazing practices.