Carbon Pulse

Japan’s environment ministry has identified four projects under the bilateral Joint Crediting Mechanism (JCM) that it will subsidise in order to secure carbon credits to realise the country's Paris Agreement target, it announced Thursday.

Finding governing models and funding mechanisms to effectively address the ongoing nature crisis will be the main focus when the Global Environment Facility (GEF) next week holds its four-yearly assembly in Vancouver, Canada.

A European climate tech investment marketplace for the agriculture industry is to generate 250,000 carbon credits in Europe next year from sustainable farming carbon projects, it said Thursday.

Oil and gas exploration is not going anywhere, however capital discipline and environmental, social, and governance concerns will see greater focus by companies and a ceiling for spend, analysts have found.

Two Australian companies have signed a A$1.45 million ($928,000) data and tech sharing agreement that will help measure primary production land for carbon and biodiversity projects.

Japanese trading house Mitsui has invested in a US-based project developer to help accelerate the promotion of regenerative agriculture as part of its growing involvement in the global market for nature capital, it announced Thursday.

Australian supermarket chain Woolworths Group has teamed up with a research thinktank to co-design a pilot programme to test incentives for farmers to measure their natural capital in supply chains.

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

California regulator ARB on Wednesday gave further insight regarding the start of its formal rulemaking to amend the Low Carbon Fuel Standard (LCFS), with opportunities for public comment in advance of the release of the draft package. 

The first-ever Allowance Price Containment Reserve sale in Washington state’s WCI-modelled cap-and-trade programme sold all permits in both tiers, according to results published Wednesday.

The expansion plans of an Australian coal company could create the equivalent of 100 MtCO2e of GHG emissions from proposed and existing mines, according to new analysis published Thursday.

A lack of national capacity and significant regulatory uncertainty makes for a patchwork of rules between Article 6 and the voluntary carbon market (VCM), industry experts said on Wednesday.

A UK-based digital MRV company has underlined the double-layered process of data gathering to be used to establish deforestation baselines as part of Verra's in-development consolidated methodology for the REDD avoided deforestation sector.

A London-listed fertiliser and green hydrogen company is targeting carbon credits as a major revenue source for its South American upcoming project.

Greenhouse gas (GHG) emissions from sectors covered by the EU ETS showed varied signs of decrease in the first months of 2023 as total emissions across the 27-nation bloc as a whole fell by nearly 3% year-on-year, according to EU data released on Wednesday.

An uptick in the forward hedging of EU carbon allowances is likely to have accounted for some of the recent strength in benchmark EUA prices, but analysts point to a bearish remainder of 2023 as power and industrial emissions continue to wane and coal-to-gas fuel switching is also likely to weaken demand.

There are growing concerns in India that a controversial new forestry act adopted last month will drive deforestation after a state government ordered that a specific forest category was no longer covered by law, even if that order has been put on hold temporarily.

European carbon prices climbed to another August high in morning trade on Wednesday as positioning data showed speculative investors had increased their net short position last week, while energy prices were modestly lower on profit taking after Tuesday's sharp increases.

The UK government is investing several million pounds in accelerating the use of artificial intelligence (AI) to reduce the carbon footprint of industry, with funding for AI projects dedicated to improving renewable energy generation and support for a UK-based research centre focused on using AI for decarbonisation.

Oil, gas, and coal producers have vastly overestimated the efficacy of their climate policies, and will fail to do their share to meet Paris climate targets even when they have company net-zero policies in place, according to a new study that looked at close to 150 companies.