Carbon Pulse

A Singapore-headquartered biochar project developer has raised closed its Pre-Series A funding round, bringing total investment secured to nearly $5 million.

The federal government of Canada has not fulfilled its commitment to reimburse C$2.5 billion ($1.86 bln) in carbon tax rebates to small businesses in the provinces of Ontario, Manitoba, Saskatchewan, and Alberta, a Canadian non-profit said Thursday.

A study by US researchers, currently awaiting peer review, revealed that forest carbon leakage varies across the types of projects, forests, and regions in improved forest management projects, and recommended registries change their uniform approach when estimating potential leakage of voluntary forest carbon projects.

The extension of the EU ETS to shipping on Jan. 1 has sparked a new tug-of-war between carriers and charterers founded on cost pass-through and risk management, according to a panel of industry experts on Wednesday.

The British opposition Labour Party has rolled back on a pledge to invest £28 billion per year on green energy ahead of a general election due in 2024.

Community members claiming violations of ethical principles face limited support in both the voluntary carbon market and Article 6 of the Paris Agreement, according to community leaders and observers.

Voluntary carbon offset provider Climate Impact Partners and Botanic Gardens Conservation International (BGCI) have partnered to launch a programme to finance biodiversity conservation.

A responsible investor group has announced it will engage 40 major companies worldwide as a part of an initiative on nature stewardship aimed at raising pressure on firms to disclose their nature-related impacts and help shape better environmental policies.

EU co-legislators are failing to adequately address how units generated through the Carbon Removal Certification Framework (CRCF) will be used and the potential for double counting or claiming of those units, NGOs warned in a letter to EU council negotiators this week.

The failure to adopt key Article 6 texts at the COP28 summit in Dubai should be a lesson for those engaging in international carbon markets, an expert told a conference on Thursday.

New commitments to underpin the implementation of the Kunming-Montreal Global Biodiversity Framework (GBF) agreement will be at the core of the 14th Conference of the Parties to the Convention on the Conservation of Migratory Species (CMS) that starts next week, as efforts to halt and reverse biodiversity loss by 2030 are gaining momentum.

Expectations of a surge in demand for carbon credits are beginning to rumble after analysis points to retirement levels jumping two-thirds in 2024 to top 250 million.

Researchers have unveiled a scorecard to evaluate the efforts of major financial firms in aligning with net zero emissions targets by 2050, highlighting nine as transition leaders.

A US startup has unveiled a commercial-scale carbon transformation unit as it aims to scale sustainable aviation fuel (SAF) production, as well as sell credits to corporates from the resulting mitigation, Bloomberg reported.

Countries lined up to trade carbon credits with Singapore have seen an uptick of interest from corporates itching to find bargains to meet their carbon tax exposure, according to the head of one analysis agency.

Persistent downside factors have deepened a crisis in the EU steel and are set to curb what the ETS-covered sector hoped to be a demand rebound in 2024, while the Carbon Border Adjustment Mechanism (CBAM) may fix the problem in the future, according to market data published on Thursday.

EU countries and MEPs have provisionally agreed to postpone by two years a deadline adopting sector-specific European Sustainability Reporting Standards (ESRS), giving companies more time to adapt to the first set of rules. 

An auction for up to 10 million forward carbon credits from three host nations authorised for corresponding adjustments, tradeable units known as ITMOs, has been delayed until April, the sale's organisers said Thursday.

European carbon prices fell to an 18-month low amid solid selling on Thursday morning as prices tested a boundary in their recent range, while energy markets eased as weather forecasts highlighted above-normal temperatures.

Voluntary carbon accreditation body the International Carbon Reduction and Offset Alliance (ICROA) has refreshed its best practice code as it aims to keep pace with rapid changes affecting the market.