Carbon Pulse

Implementing debt-for-nature swap (DFNS) plays a "unique role" in providing funds to establish marine protected areas (MPAs), as shown by successful experiences in Seychelles and Belize, a study has found.

Switzerland and Ghana have authorised the first sovereign carbon credits from a cookstoves project, meaning that once issued and transacted, they can be used towards the European country’s national Paris Agreement climate target.

Nearly all the assessements of voluntary carbon market methodologies currently under review for the Core Carbon Principles (CCPs) stamp of high integrity, accounting for some 850 million credits, will be concluded by the end of September, the Integrity Council for Voluntary Carbon Markets (ICVCM) told Carbon Pulse on Thursday.

EU carbon allowance prices extended losses seen on Wednesday afternoon, as a weak auction gave bears confidence to resume selling, with some sources asserting that a recent rally was now over while others pinned their hopes on technical and psychological support at a key level.

The European Commission's evaluation process for National Energy and Climate Plans (NECPs) is not only about sticks, but also about carrots, a top EU official said, as the 27 member states struggle to meet a June deadline to submit their final drafts.

The operator of the Philippines' national carbon registry has unveiled a platform dedicated to the development of nature-based solutions (NBS).

Firms listed on Singapore’s bourse will have to start reporting sustainability and climate information from next financial year, with their biggest unlisted counterparts to do the same two years after that.

South Korea is considering introducing carbon contracts for differences (CCfDs) to de-risk private sector investments in emissions abatement technologies and ensure a clearer carbon price signal.

Norway and Ethiopia this week upgraded their decade-long forest partnership to pave the way for payments of up to $100 million if the East Africa nation meets its climate and nature targets.

An Australian oil and gas company producing offshore Brazil has signed up for a five-year partnership with a local REDD+ project certified by Verra.

Australia could be the largest developer of carbon offsets in the world by 2033, according to an outlook statement released Thursday, driven by demand from the Safeguard Mechanism.

California offsets offering direct environmental benefits (DEBs) to the state command high prices even as year-to-date issuance trails last year’s levels for the same time, data published by state regulator ARB on Wednesday showed.

Southwest Airlines has announced a strategic $30 million investment in sustainable fuel firm LanzaJet as part of a strategy to develop a sustainable aviation fuel (SAF) production facility in the US.

Idle ships at anchor around the globe will be able to earn carbon credits under a new methodology approved by Gold Standard.

The US Forest Service, responsible for stewardship of public forest acreage, has failed to assess the effects of its logging projects on carbon storage and emissions, an environmental law firm said in a lawsuit filed Monday.

A long-awaited report by Human Rights Watch (HRW) investigating a Cambodian REDD+ project has found developers failed to obtain free, prior, and informed consent (FPIC) from Indigenous communities, some of whom are said to have been arrested and had their livelihoods destroyed as a result of the scheme’s operations.

Allowance holdings of power sector emitters under the RGGI carbon market increased at the end of the fourth quarter in 2023 as emitters narrowed their net short position significantly, while quarterly trade volumes beat both year-on-year and prior quarter amounts, according to a report published Tuesday.

The New Zealand government has announced an independent review into the forestry sector component of the ETS to ensure it is efficient and cost-effective, it announced Thursday.

A sustainable fund focused on improving water security in east England has been announced by US-headquartered non-profit The Nature Conservancy (TNC) and Anglian Water with a target raise of £30 million ($38 mln).

Stakeholders flooded the ARB with comments about proposed changes to California’s Low Carbon Fuel Standard (LCFS) programme, with broad support for tightening the programme but opposing views on a slew of draft rules including the sunsetting of avoided methane crediting, reversing intrastate jet fuel exemptions, and pushback against increased reporting requirements.