Carbon Pulse

Biodiversity credits could lead to organisations making inaccurate nature-positive claims because the lack of standards makes assessing their veracity impossible, a report has found.

Experienced European corporate sustainability leaders would be willing to pay as much as 82% more for high-integrity carbon credits due to an understanding of the benefits they bring over low-quality units, according to a survey published on Thursday by a carbon credit marketplace. 

A UK state visit to France aiming to cement climate collaboration between the two countries has resulted in a series of nature-based investments from retail companies, investment houses, and not-for-profits.

Companies are being offered the prospect of both meeting their emissions reduction obligations and receiving a financial return by investing in the first company to receive the London Stock Exchange Group (LSEG)’s voluntary carbon market designation, according to the co-founder of the exchange company's first listed natural capital and forestry fund.

The cost of importing steel into the EU from India and China could rise by 49% and 56% respectively when the EU’s carbon border adjustment mechanism is fully implemented by 2034, analysts estimated in a report published on Thursday.

Exchange ICE on Thursday announced plans to launch a futures contract for CORSIA-eligible carbon credits, as it steps up competition to rival bourse CME.

European carbon prices were stronger at midday Thursday after a strong auction outcome triggered some buying, while energy prices were weaker after signs that the labour dispute at Chevron's Australian LNG facilities may be nearing a resolution.

Kenya’s Great Rift Valley holds strong potential for scaling up direct air capture (DAC) projects thanks to its abundant low-energy sources and geological resources for storing carbon, according to a partnership of project developers eyeing up the region for the development of large-scale DAC projects.

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The voluntary biodiversity credits market has reached a “tipping point” following the launch of the final recommendations by Taskforce on Nature-related Financial Disclosures (TNFD), according to a report led by an Australian law firm.

Available metrics to assess biodiversity may not be fit for purpose and risk embedding negative biases into investor decision-making, according to a new paper that proposed two “forward-looking” approaches for biodiversity-focused investment decisions.

Taiwan should finalise the rates for a proposed carbon levy scheme by the end of this year with a starting rate of more than $15 per tonne of CO2, as delaying further could make it harder for the island to meet its net zero goals, domestic environmental groups have urged.

An Australian paper has trialled the use of ‘soundscape analysis’ as a low-cost way to indicate farm dam health, with its authors saying it could be an innovative way to track and reward biodiversity change in Australia’s nature repair market.

The New Zealand government has announced it will begin charging an annual fee of NZ$30.25 ($17.90) per hectare on post-1989 forest land in the emissions trading scheme, as well as thrusting a litany of service fees on participants, sparking outrage from forestry groups.

A Tokyo-based offset project developer is planning to work with a smart agricultural solution provider to expand its credit-generating business in Japan, eyeing rice cultivation projects.

Australia has opened consultation on a guarantee of origin scheme for clean hydrogen, as the nation has ambitious hydrogen plans for both a domestic and export industry, with its roadmap for development closing last month. 

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

Potential investors in biodiversity credits must engage effectively with Indigenous peoples or risk sub-par returns, as the wider financial sector moves towards building nature into their decision-making, according to the co-lead of a UN finance initiative.

Homegrown clean and renewable electrification remains the answer for the EU's decarbonisation and security of supply, but more investment and infrastructure upgrades are urgently needed to enable a tripling in electrification rates by 2050, a according to an industry group report published on Thursday.

Futures contracts for carbon credits tagged with its Core Carbon Principles (CCP) moniker could appear soon, a member of the Integrity Council on the Voluntary Carbon Market’s (ICVCM) executive body said Wednesday, as the cross-stakeholder group has introduced working groups that could fast-track some offset categories for labelling.