Carbon Pulse

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.

China's Guangdong province has released a comprehensive work plan to expand the scope of its carbon market by the end of this decade, as the economic hub aims to realise its climate goals and retain industry competitiveness.

The governments of the US, Norway, and Gabon have joined the UN, Interpol, and a range of civil society organisations in setting up a global alliance to fight nature-related crime.

An Australia carbon project developer has signed a development agreement with a Traditional Owner organisation to develop eight projects, generating millions of Australian Carbon Credit Units (ACCUs) in South Australia, it announced Thursday.

An Australian carbon project developer specialising in environmental plantings is in the process of A$3 million to fund the next stage of growth, as it targets 30,000 hectares of plantings by 2030.

Indonesia has released regulations for its carbon exchange ahead of next month's emissions trading launch.

The private sector has a key role to play in developing National Biodiversity Strategies and Action Plans (NBSAPs) and achieving the $200-billion funding target for nature, according to Pradeep Kurukulasuriya, director and executive coordinator of environmental finance at UNDP.

Australia is expected to yield a A$435 billion ($282 bln) economic dividend if it can reach net zero emissions as well as replace existing fossil fuel-based exports with commodities and products vital for the energy transition, a new report says.

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

The Oregon Department of Environmental Quality (DEQ) on Wednesday proposed amendments to its market-based Climate Protection Program (CPP) that would overhaul the methodology used to distribute compliance instruments to fuel suppliers, as well as calculate holding limit reductions.

The number of California Carbon Offsets (CCOs) distributed this week fell compared to earlier this month, but still remained well above year-ago levels through the first two-thirds of 2023, according to state data published Wednesday.

A commodity trading firm and carbon solutions provider on Wednesday announced an agreement to help develop and finance a developer’s nature-based offset projects that could yield more than 100 million credits.

One of the oldest project developers and traders in the carbon market is pivoting towards consultancy services and seeking project partners after a drastic drop in carbon credit revenue, Carbon Pulse has learned.

New York is considering policy options to reduce emissions in environmental justice (EJ) communities, including the prohibition of allowance trading for plants situated in Disadvantaged Communities (DACs), government officials told a webinar on Wednesday.

The August California-Quebec current vintage carbon auction settled at its highest point of all time while slightly surpassing secondary market levels, as the advance sale clearing price also achieved a new peak, according to government data published Wednesday.

Older voluntary carbon credit vintages are not a sign of low quality, a leading REDD-focused project developer argued in a white paper published on Wednesday amid growing calls for the market to address its mounting stockpile of ageing units.

 A new government-funded centre in the UK aims to expand the use of artificial intelligence (AI) for industrial decarbonisation, with a focus on how AI can help the energy, manufacturing, agriculture, and buildings sectors operate more efficiently and with lower carbon emissions.

The US government has announced it will spend $2 million over the next three years on a programme to help Mozambique develop nature-based carbon credit projects.