Carbon Pulse

Two Tokyo-listed companies have launched an initiative to simplify the lengthy process of creating government-issued J-Credits while facilitating carbon credit trading through the use of IoT and blockchain technology, as the country is seeking ways to boost the supply of domestic offsets.

Marine Protected Areas (MPAs) are receiving increasing attention in Cambodia to safeguard marine biodiversity, according to a new World Bank report, however wider governance, corruption, and capacity building issues must be addressed to begin adequately protect the country’s blue economy.

Carbon standard Verra on Wednesday issued a call for projects to pilot its long-awaited SD VISta Nature Framework and biodiversity methodology ahead of a public consultation process expected to launch in September.

The massive injection of Australian Carbon Credit Units (ACCUs) into the market in recent weeks has caused the price to slip to its lowest levels year-to-date, according to analysts.

A Singaporean asset manager has secured a $300 million green loan that also includes carbon credits from Overseas Chinese Banking Corporation (OCBC) that will assist a shopping mall become carbon neutral, the company announced Thursday.

More than 1000 companies disclosed forest-related risks through a voluntary platform last year in a sign of increasing corporate awareness, but analysis suggests that firms are not mitigating them effectively and could suffer losses of nearly $80 billion as a result.

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

A US-based firm that incubates environmental fintech firms on Wednesday announced it has purchased a Canada-headquartered carbon and renewable energy credit broker, though will keep the acquired entity’s branding for its own marketplace under development.

A UN-convened climate alliance for insurance companies on Wednesday dropped a requirement for its members to set GHG reduction goals in line with its protocol after Republican politicians in the US lobbed anti-trust allegations at the initiative.

Germany’s has agreed to increase its domestic carbon price for buildings and transport from the start of 2024, going back on earlier plans to maintain a lower price after energy costs spiralled in the wake of Russian’s invasion of Ukraine last year, according to media reports.

Global financial exchange ICE will launch futures contracts eligible for compliance under Alberta’s Technology Innovation and Emissions Reduction programme, while transaction data showed a financial player continues to amass holdings in the province’s carbon market.

A Germany-based carbon credit intermediary will sell credits from Canada’s first industrial-scale biochar facility on the voluntary market, while steelmaker ArcelorMittal announced plans to purchase biocarbon from another plans in the country.

A US-headquartered carbon credit developer on Wednesday announced it has pre-sold units stemming from plugging orphaned oil and gas wells to an international energy and commodity trading firm.

Scientific papers and public policies are not typically counting the substantial contribution of wood harvesting to global carbon emissions, with GHG output set to take off even further through 2050 as timber demand grows, researchers said Wednesday.

European lawmakers have just days to come to a decision on nature protection measures, with a vote due at next week's plenary session on a law to restore at least 20% of the bloc’s sea and land areas by 2030.

Shipping industry stakeholders have warned that a global carbon levy lacking in sufficient ambition could lead to a bureaucratic nightmare with patchworks of regional and national regulations emerging in response, as national representatives continue discussions in the UK this week to outline international climate plans for the sector.

A new tool is about to be launched to formalise best practice in the voluntary carbon market by enabling project developers to report on the governance, financial, and sustainable performance of projects and climate change mitigation programs in a standardised way.

A technology company is seeking to break the malaise in the digital carbon market (DCM) following last year’s banning of tokenising voluntary credits from mainstream standard bodies by becoming the blockchain standard for the market.

The UK has set down a very significant marker for the inclusion of removals in its compliance carbon market and one that starkly differs from the EU position, experts have told Carbon Pulse, though integration is unlikely to be rushed.

EUA prices extended their losses for a third day amid low-key trading, staying between two key technical levels as numerous participants headed to an industry conference, while energy markets were little changed as renewables output was forecast to rise.