Carbon Pulse

The EU’s Green Claims Directive, currently under negotiation in Brussels, could go some way towards restoring trust in the voluntary carbon market (VCM), provided that policymakers do it right and don’t overstretch their mandate, experts say.

New oil and gas fields are less carbon-intensive than old ones because they use state-of-the-art technology, providing significant decarbonisation gains, consultancy Wood Mackenzie said in a new report published on Thursday.

Investors can now customise how they analyse climate risks and portfolio alignment with global temperature goals, thanks to a new reporting tool released on Thursday.

A Swiss NGO has alleged that a clean cooking project developed under a bilateral agreement between Ghana and Switzerland is using assumptions that inflate issuances of credits generated under Article 6.2 of the Paris Agreement, known as Internationally Transferred Mitigation Outcomes (ITMOs).

Project developers are urging the SBTi to listen to the Global South and allow credits to be used for Scope 3 emission targets to strengthen the voluntary market.

More than 260 companies have signed a letter outlining what is needed to expedite the shift away from fossil fuels, urging negotiators to tighten up texts at the COP29 global climate summit, underlining that policy clarity is crucial for private sector support.

Two project developers announced on Thursday the construction of a direct air capture (DAC) facility to be run entirely on wind power and stored onsite using geological storage in central Texas.

Fossil fuel companies that have sent lobbyists to COP summits produced enough oil and gas since the 2015 Paris Agreement to cause 17 million heat deaths, according to new analysis released on Thursday.

Large, heavy-emitting economies appear to be winning the battle over if and how the COP29 summit should push forward on last year's landmark commitment to transition away from fossil fuels — raising alarm bells for many in Baku.

AI-powered building optimisation can boost energy efficiency by 20-30% at a fraction of traditional capital expenses, an executive at a Lithuanian proptech startup has told Carbon Pulse.

A partnership of local authorities in England soft-launched on Tuesday to scale delivery of nutrient mitigation credits, while exploring how to combine them with biodiversity net gain (BNG) units, following government investment.

EU carbon prices climbed to their highest in nearly 12 weeks on Thursday morning as concerns over rising geopolitical tensions in Ukraine and a short unplanned North Sea outage encouraged natural gas traders to buy, helping carbon to breach an important psychological level for the second time this week.

An international law firm has purchased a batch of natural capital units generated through a regenerative agriculture project in Egypt, Carbon Pulse has learned.

Fiji's government on Thursday published its National Carbon Market Strategy Roadmap, which lays out key considerations and next steps to develop emissions reduction projects in the country using market-based mechanisms.

Singapore and Peru on Thursday announced they had finalised an agreement to trade sovereign carbon credits under Article 6 of the Paris Agreement, paving the way for credits created in the South American country to be used towards a portion of corporate requirements under the city state's carbon tax.

The European Commission this week announced that it would not increase EUA auction volumes in the near term under its REPowerEU programme to account for lower allowance prices, a declaration that analysts viewed as bullish.

Environmental crediting standard Verra is set to open public consultation on its stewardship credit programme early next year, a company executive told a webinar on Wednesday.

Two carbon standard operators have teamed up to promote the development of the Asian voluntary market.

Countries could be on the verge of finalising a deal on Article 6 at COP29, with negotiators and observers each signalling that talks and texts on international carbon markets are now very close to consensus after parties appear to have carved out a compromise on the thorny registries issue, though the latest draft outcome could equally go either way.

Carbon market negotiators may have one last chance to find the right set of Article 6 rules to ensure integrity before the world abandons the market-based approach for achieving climate action, a Swedish negotiator said Wednesday.