Carbon Pulse

Property developers should take advantage of the economic value of nature and integrate biodiversity into their projects, rather than just offsetting their impact, according to software and consultancy company Endangered Wildlife OU.

A startup reforestation company with plots in Ghana has estimated that its breakeven costs could be as low as $6 per credit, as it eyes the potentially lucrative market for buyers of correspondingly adjusted ITMO credits in Singapore, while the African nation continues to advance its work to export units. 

A UK-based tech company on Tuesday launched a first of its kind cloud-based platform powered by environmental DNA to “equip business for [the] nature reporting boom”, it said.

Taiwan is planning to introduce an offset methodology for blue carbon, as the island aims to secure more carbon credits from nature-based projects following the launch of a government-backed voluntary marketplace.

Australia has released its future gas strategy paper for consultation, via which the government hopes to support Australia's gas industry of both users and producers, its vast LNG exports to allies, and its 43% emissions cut to 2030.

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.