Carbon Pulse

The governor of an oil producing state in Nigeria has announced the takeover of disputed forest land where the authority now wants to produce carbon credits, according to local media reporting.

The EU’s third-biggest carbon emitter, Poland, will need to almost double the amount of wind capacity it is currently installing annually, as well as use CCS, nuclear, and geothermal energy in order to reach net zero emissions by 2050, according to new research.

European carbon allowances shrugged off a recovery in natural gas in Monday morning trading, falling by the most in two weeks early in the session as speculators resumed aggressive selling, while wider energy markets eased lower on continued bearish fundamentals.

Large polluters will be required to have decarbonisation plans published by the middle of next year to be eligible for full Carbon Market Institute (CMI) membership or to be a lead sponsor at its events, the Australian industry body announced Tuesday as part of a policy shake-up.

When the European Commission presented its recommendations for a 2040 climate target last month, it also raised expectations – and a few eyebrows – by announcing the creation of a dedicated task force on “carbon market diplomacy”.

Freshwater wetland restoration can turn degraded wetlands from net carbon sources into carbon sinks, though it takes far too long for Paris Agreement purposes, meaning climate projects should prioritise conserving existing ones, a study has found.

The EU will provide grant funding to a Ukrainian startup looking to scale up its direct air capture (DAC) technology, with the CO2 intended to be used in agricultural applications.

Zimbabwe's government plans to launch a regulatory framework for the trading of voluntary carbon credits in the next year, hoping to generate around $400 million in annual revenues as project investments accelerate, a senior government official told local media.

Human activity in the past century has dramatically altered freshwater flows, jeopardising their capacity to regulate vital ecological and climatic processes, a study has found.

A South Korean offset project developer and investor has deepened its partnership with a provincial government in Mongolia in the hope of generating international carbon credits from forestry projects.

One of the world's largest shipbuilders has built an alliance to develop onboard carbon capture systems (OCCS) as part of its decarbonisation plan, with a pilot project set to be launched next year.

The Norwegian sovereign wealth fund will sell off ownership stakes in a major Indonesian conglomerate after concerns that its gold mining ambitions in Sumatra represents an unacceptable threat to a critically endangered species of orangutan.

An Australian carbon trade company has signed an agreement with a Fijian NGO to nurture the country’s emerging carbon industry, alongside the national government, and is seeking interest from stakeholders to join a development working group.

The latest World Trade Organisation (WTO) negotiations failed to reach an agreement on strengthening rules to curb harmful fisheries subsidies in what observers say is a major setback for marine biodiversity conservation efforts.

HSBC and Standard Chartered are working to develop a novel approach aimed at financing and accelerating the phaseout of coal power plants by introducing transition carbon credits, advancing existing efforts by governments and other private sector players.

Countries should impose an immediate moratorium on the sinking of seaweed into the deep ocean as a method of carbon sequestration, researchers have urged, highlighting the lack of scientific evidence supporting its effectiveness and raising concerns over potential environmental, economic, and ethical consequences.  

The 6th UN Environment Assembly (UNEA) wrapped up with the approval of 15 resolutions – including the first-ever on land degradation – and calls for expediting efforts towards achieving global biodiversity targets, though disagreements frustrated hopes for bolder commitments.

A new report has shone a light on the complex road ahead for the global energy transition, revealing a dual narrative of rapid acceleration and significant challenges in the form of various "handbrakes".

A West Virginia Senate bill looking to tax buyers of nature-based carbon offsets generated in the state failed to be approved by the upper chamber on Wednesday following debate over property rights and carbon credit speculation.

Emitters and speculators added to California Carbon Allowance (CCA) net holdings, closing out of Auction Clearing Price (ACP) contracts post the first permit sale of the year, while financial players continued their profit-taking run in RGGI Allowances (RGAs), weekly data from the US Commodities and Futures Trading Commission (CFTC) showed on Friday.