Carbon Pulse

Gold Standard is recruiting for a Senior Manager, Capacity Development to lead and oversee programmes and initiatives implemented by Gold Standard to develop capacity amongst governments, private actors and other entities to operate in and benefit from carbon markets and other sources of sustainable finance, as well as to promote the accessibility and integrity of these mechanisms.

An emissions-free methane pyrolysis technology firm has secured a €25 million investment from a group of investors to help it launch commercial-scale, carbon-negative hydrogen production.

European carbon was marginally weaker at midday on Tuesday after an early rise in prices unwound in a thin market and a prominent hedge fund manager revealed he was positioning for a sharp decline in prices.

A Zimbabwe-hosted carbon exchange has reversed course on accepting a Belarusian contribution of banned Russian credits to kick off trade, announcing that only African units will be allowed on the platform.

The US and China should use climate cooperation to redefine their troubled diplomatic relationship, US climate envoy John Kerry on Tuesday told top Chinese officials as part of his three-day visit to Beijing, as the world’s two largest greenhouse gas emitters are resuming stalled talks on more rapid action to tackle climate change.

A US non-profit has launched a $50 million fund that will focus on protecting endangered national parks in developing countries in a bid to help meet UN goals on biodiversity and climate.

Prime Minister Pham Minh Chinh has tasked two ministries with drawing up appropriate frameworks for carbon credit management, including a directive specifically addressing rules for trading forestry credits.

A carbon credit ratings agency has raised $57 million in Series B funding to expand its team and support growth in the US, the firm announced Tuesday.

China's environment ministry has published supplementary rules for participants in the national carbon market for the current compliance period (2021-22), providing more clarity on how companies can tackle their surplus allowances.

The Australian government will begin to accept expressions of interest (EOIs) for new methodologies under the Australian Carbon Credit Unit (ACCU) scheme from next year, and will soon consult on its new process for receiving, scrutinising, and approving them, a government official told a conference Tuesday.

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

A panel of experts told California regulator ARB's Environmental Justice Action Committee (EJAC) meeting on Monday that avoided emissions from dairy digesters were being overcounted, overcompensated, and are offered perverse incentives under the state's Low Carbon Fuel Standard (LCFS).

Australia on Tuesday announced it will start work to develop sector-specific emissions reduction plans for large parts of its economy that will feed into its work on setting a 2035 target and its strategy to reach net zero by mid-century.

The British Columbia government will impose more stringent emissions benchmarks and usage limits on performance credits and offsets than other Canadian jurisdictions as it commences an output-based pricing system (OBPS) for industrial facilities next year, according to a recent provincial plan.

A software startup has raised $25 million to build a registry exclusively focused on durable carbon removals that is set to feature a revenue model to guard against giving perverse incentives to over-credit.

RGGI Allowance (RGA) values skipped higher in heightened transaction activity mid-week, in sync with the rally in California Carbon Allowance (CCA) values and broader macro upbeat sentiment after a softer-than-expected US inflation print.

The climate finance space is at risk. Confronted with an onslaught of agenda-driven media coverage aiming to discredit one of the largest sources of funding available for forest protection, mechanisms like REDD+ and voluntary carbon markets could be unfairly discredited to the point of losing momentum and support at a critical time for climate action. REDD+ credits, specifically projects financed through the Voluntary Carbon Market (VCM), have faced increasing criticism in the media over the past year.

A Canadian carbon credit investor has begun its orphaned oil and gas well sealing endeavour using an American Carbon Registry (ACR) methodology, with a partner organisation plugging dozens of wells in the US as part of the project, the company announced on Monday.

The EU announced a slew of clean energy investments with Latin American and Caribbean nations on Monday, the first day of a two-day leaders' summit that provides a further signal of the 27-nation bloc's pivot away from Russia and China. 

Carbon credit prices generally edged lower over the past week amid a summer lull in the market although expectations of investment in the voluntary sector remained high.