Carbon Pulse

Solar photovoltaic capacity across Europe will rise more than any other power generation source due to major additions planned for this year, analysts forecast, potentially displacing demand for carbon permits.

The European Commission will on Tuesday present what is likely to be the last substantial climate action proposals before the European elections, tackling tough questions about how to decarbonise the hardest-to-abate sectors and get on track for net zero emissions by 2050.

News of the Integrity Council for Voluntary Carbon Markets (ICVCM)’s progress report dominated the voluntary market that, for the second week running, was thin on activity but high on retirement volumes.

The 2024 budget for Guyana’s Ministry of National Resources will allocate more funding to mineral mapping than to land reclamation and reforestation, but this will ultimately help prevent deforestation, according to recent remarks by the agency's minister.

The shipping sector’s main international trade association has put forward a new proposal for a global shipping climate fund, which could be filled by imposing a levy of $12.50 per tonne of CO2 equivalent, based on the need to raise $10 billion to meet emissions goals.

Carbon surcharges attached to shipping fees levied on charterers and downstream customers from Jan. 1 reflect not only EUA prices or emissions data, but also methodological decisions, contract types, and risk management, according to various experts speaking to Carbon Pulse.

A court in Kenya has mandated a commission to investigate the acquisition of around 4,000 acres of land by a company "involved in carbon trade" and operating in parts of a Kasigau Corridor REDD project, according to legal documents.

The Moroccan government reaffirmed its commitment to implementing a carbon tax on Friday, years after initially proposing it in a tax reform law and partially in response to new EU carbon tariffs.

Germany will hold capacity auctions for gas-fired power plants that can be switched to hydrogen fuel in the 2030s, as part of a power plant strategy announced by the coalition government on Monday.

Credit certifier Verra has begun publishing average processing times for project review requests, disaggregated by type, in a bid to improve performance and provide transparency under its New Era for Verra initiative, per a company press release.

European carbon allowance prices were said to be "wandering" on Monday morning, with the daily spot auction clearing in line with benchmark futures prices, gas easing lower, and traders awaiting the outcome of a key EU policy meeting on Tuesday on the bloc's 2040 emissions reduction target.

Further developing the biodiversity credit markets and reforming subsidies harmful to nature are among the top priorities to bridge the biodiversity finance gap, researchers have said.

A study conducted by the National University of Singapore (NUS) has recommended a framework for the city state to include blue carbon in its greenhouse gas emissions reporting under the Paris Agreement.

The European Greens will push for full climate neutrality by 2040 - 10 years earlier than the bloc is aiming for - in an election manifesto adopted on Sunday.

Three out of four of the largest Nordic companies are struggling to assess their biodiversity risks and integrate nature into their business models, a paper has found.

The maker of Philadelphia cheese and Capri-Sun juice is turning to green hydrogen to partially replace natural gas demand at a large manufacturing plant in northwest England, as it strives to curb its carbon footprint in line with its emissions reduction goals.

A major energy unit of South Korea's GS group has teamed up with an urban greening solution provider to tap into the offset market, with a focus on the development of nature-based solutions.

A blockchain group that supplies digital carbon credits is planning to tap into the Japanese market through a subsidiary, seeking to bring digital J-Credits on to blockchain later this year.

The Indian government is looking to launch a carbon capture policy later this year which will aim to capture about 70% emissions generated from the use of coal, even as the South Asian nation has no immediate plans to abandon the fossil fuel, according to media reports.

Shareholders are prone to overlooking the Scope 3 emissions of their investment decisions, and are more concerned by regulatory and reputational risks than the climate impacts of those decisions, according to a report published Monday.