Carbon Pulse

A French private investment house and nature-based carbon project developer have announced details of their plan to invest €1.5 billion in forest carbon projects that will sequester an estimated 150 MtCO2, the two firms said Thursday.

A US-based think-tank has suggested better ESG practices, lower emissions technologies, and practices to conserve biodiversity near mines could have far-reaching implications for social licence and ultimately mine permitting, leading to faster development of the critical minerals needed for the world to meet net-zero goals.

The Inter-American Development Bank (IDB) has become the first multilateral development bank to pilot a financing tool that rewards countries for achieving nature and climate goals, it announced Wednesday.

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

California took a slower pace in the issuance of compliance offsets over the last two weeks, including of those tagged with direct environmental benefits (DEBs), although it continues to distribute credits faster than last year, data from state regulator ARB published Wednesday showed.

The quality of carbon credits has become the uppermost concern for offset buyers in the voluntary carbon market (VCM) looking to defend their purchase decisions under the onslaught of scrutiny from stakeholders, according to a recent market survey. 

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Renewable Fuel Standard (RFS) credit values fell into the double digits this week as traders said strong biomass-based diesel production and financial players selling was exacerbating a months-long drop in the price of RINs.

A Brazil Senate committee on Wednesday for the third time delayed a vote on cap-and-trade legislation, which in the most recent instance will involve discussing proposed amendments from the country’s agribusiness lobby.

California electricity sector CO2 output maintained its 10-year decline through August, as the share of renewables and hydroelectricity continued to climb while imports decreased compared to 2022 levels, according to data published Wednesday.

Zimbabwe has backed down on forcing project developers to hand over a quarter of their share of proceeds from credit sales to local communities, the government announced Wednesday, following a backlash from investors and market participants.

The EU risks losing a sizeable chunk of the truck manufacturing market to competitors such as the US and China by 2035 if it does not adopt high CO2 standards for heavy-duty vehicles, according to NGO-commissioned analysis published on Wednesday.

Amidst sentiments of distrust in nature-based solutions and a stuttering voluntary carbon market (VCM), a once-billion-dollar-valued agtech company remains confident in its plan to scale up soil carbon offset generation, while others in the sector forecast more conservative economics.

The 21 members of a UK-France government-initiated panel aiming to galvanise international biodiversity credit markets have been announced.

A group of environmental finance organisations have set out a vision for high-integrity marine natural capital markets for the UK in a new consultative report, which they hope will help close an estimated funding gap close to £50 billion for marine ecosystems.

UK technology companies could spend less than the cost of a pint of beer on every employee per week to become one of the top 100 companies in the country for emissions mitigation, according to a survey published on Wednesday.

European carbon prices were slightly weaker on Wednesday morning as traders absorbed Commitment of Traders data that showed a small decrease in the net short position of investment funds, but several participants questioned whether this would be sufficient to trigger another short squeeze.

An emerging Republic of Ireland peatland standard aims to address biodiversity credits before the end of 2025, a sustainable finance non-profit has said.

Market actors have expressed major concerns about the UK's nature market direction, as biodiversity rules for the planning and development sector have been delayed by the UK government with no fixed date for its implementation.

Global shipping needs swift action and collaboration to decarbonise in order to tackle growing emissions and regulatory uncertainty and ensure a just and equitable transition, according to a UN report released Wednesday.