Carbon Pulse

Adopting a 1.5C compatible pathway could save the EU at least €1 trillion by 2030, making climate action not just necessary but economically imperative, and this will mean aiming for net zero emissions by 2040, according to an NGO report published on Monday as environment ministers gather in Brussels to discuss post-2030 climate ambition.

The minor New Zealand government coalition party Act has released a draft bill for consultation to use offshore mitigation to meet its emissions targets as well as to allow emitters to use international carbon credits to meet their compliance obligations.

The Cambodian government has approved an operations manual to implement Article 6 carbon crediting projects, as two Verra-listed projects in the country were granted permission to sell correspondingly adjusted (CA) credits, according to their developer.

John Kerry will leave his posting as the Biden administration's climate envoy in late winter or early spring, multiple media sources have confirmed.

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

Investors are “flying blind”, ignoring significant financial risks of climate litigation for polluting companies, academics have warned, while urging an overhaul in how these risks are assessed.

Regulated entities dropped their holdings of California Carbon Allowances (CCAs) as speculators recorded the largest net increase in holdings since last February, while no reporting of Washington Carbon Allowances (WCAs) took place for the third consecutive week.

A Washington Senate Committee heard feedback on legislation facilitating linkage of the state’s cap-and-invest programme with the California-Quebec carbon market on Friday, with pushback from stakeholders on electricity importer amendments, allowance purchase limit changes, and stricter rules on offsets.

Entities regulated under Canada's Clean Fuel Regulation (CFR) are well positioned to comply with the 2023 annual carbon intensity (CI) reduction requirements for the first compliance period, considering a likely excess supply of credits, a government executive told conference participants on Friday.

Farmers in a region of southeastern Brazil achieved the harvest of coffee that results in the sequestration of more CO2 than it produces via the employment of organic farming techniques, according to a study from a Brazilian NGO.

Argentina's new president Javier Milei promised free-market economic reforms but now looks to implement a national ETS while expanding the nation's voluntary carbon market, also proposing administrative restructuring that could impact the direction of national climate policy despite retaining core civil servants.

The so-far tiny blue carbon sector has one of the highest integrity scores in the voluntary carbon market but the market is struggling to expand because of barriers to entry, finds a rating agency.

Oil major Shell has retired more than a million credits this week that were generated from a discredited UN rice farming methodology deactivated by certifier Verra last March amid integrity concerns.

Conservation South Africa is seeking a motivated and technically savvy individual to fill the role of Climate and Land Use Data Scientist supporting the implementation of the Climate Positive Land Use Strategy in its Umzimvubu Demonstration Landscape. The successful candidate will mine, develop, analyse, and distribute detailed high-quality spatial planning and technical conservation information.

Conservation South Africa is seeking a dynamic and motivated individual to fill the role of Climate Positive Land Use Planning (CPLUS) Manager. The successful candidate will lead the implementation of CPLUS, a systematic approach to plan conservation activities at a scale that facilitates transformational landscape-level change.

UK-headquartered conservation company Environment Bank has engaged with numerous managers of sites globally that could become its next biodiversity credit venture, an executive has said.

A developer of nature-based carbon removal credits is taking a strategic approach to selling its credits by approaching “industry influencers” willing to support the development of high-quality carbon projects, in a bid to generate momentum around removals and lay the seeds for mass-market adoption.

A team of scientists in South Dakota found naturally occurring microbes that consume and convert CO2 into solid rock, the research lab announced earlier this week.

After French President Emmanuel Macron nominated his thirty-four-year-old disciple and enfant prodige Gabriel Attal as the nation's new prime minister this week, the new cabinet announced on Friday featured no dedicated minister in charge of energy and appeared to be a marked shift to the political right.

The owner of Turkey’s largest steel plants will invest $3.2 billion to reduce their emissions 25% by 2030, the company announced this week, while the country gears up for its own decarbonisation mechanism with plans to introduce an ETS in the second half of 2024.