Carbon Pulse

The Australian government is proposing to bar carbon project developments on Native Title land from being registered if proponents have not explicitly obtained consent from all eligible interest holders (EIH).

Australia’s chief scientific body has partnered with RFC Ambrian to found a new company they say can use 30% less electricity to generate clean hydrogen, reducing costs.

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

Experts advocated compatibility and alignment across multiple approaches in designing New York’s economy-wide cap-and-invest regulation related to transportation and building fuels, but cautioned against linking between sectors in a webinar on Thursday.

The Global Environmental Facility confirmed a global fund to exponentially scale action on biodiversity across 186 countries, but only two provided funds.

California Carbon Allowance (CCA) prices climbed significantly following the Wednesday publication of an all-time high clear at the Q3 auction, while Washington Carbon Allowances (WCAs) slid going into their second auction in less than a month.

Instead of a Carbon Central Bank approach, a functioning, future-oriented carbon market can address the challenges of liquidity constraints and residual emissions as the EU ETS cap approaches zero, writes Marcus Ferdinand of Veyt.

Green groups have challenged the European Commission to revise upwards its 2030 emissions target to at least 65% compared to 1990 levels instead of the current 55%, submitting a request to the EU executive to review its legal text on annual emissions allocations for sectors outside the current EU ETS this week.

A Swiss business foundation is investing 50 million Swiss francs ($56.7 mln) until 2030 into five projects of carbon dioxide removal or carbon capture in the country that aim to collectively cut 232,800 tonnes of CO2.

South Africa signed a series of deals with China to upgrade its energy sector at the BRICS summit this week, including one contract that could help to extend the life of South Africa’s coal plants.

An increase in the number of nature-based carbon sequestration projects is helping to reduce uncertainties around potential risks in these activities, according to a European development agency.

The Kenyan National Assembly has reportedly passed legislation to ensure local communities get a larger share of the profits from carbon credit projects, following similar moves made by other African nations.

Biodiversity is a “megatrend” that will reshape human behaviour, company trajectories, and industry value chains, according to asset manager Robeco.

Several project developers and proponents have come out to demonstrate the positive impact of REDD+ projects in recent days, as new studies emerge that are critical of baseline assessments.

Ireland is working towards adopting a similar code to the UK’s Woodland Carbon Code (WCC) to incentivise reforestation and afforestation projects, according to an Irish property developer looking to offset its residual emissions by financing tree planting on its home turf.

A state government in India has issued an official resolution as a protest against the forest act recently passed by the federal parliament, amid concerns it could drive deforestation and biodiversity loss.

European carbon markets continued to track retreating gas prices on Thursday, with reports that industrial strike action at a key LNG export plant in Australia has now been averted.

A weekly summary of our biodiversity news plus bite-sized updates from around the world. All articles in this edition are free to read (no subscription required).

Implementing aligned policies across ministries and avoiding vested interests will be a key factor for governments as they hammer out strategies to meet the Global Biodiversity Framework (GBF)'s 30x30 target, according to a report led by WWF US released this week.

India can go from being a local wind power player to a global export hub with the right policy support, the Global Wind Power Energy Council (GWEC) said in a report released Thursday.