Carbon Pulse

Kenya has signed a Letter of Intent (LOI) to supply emissions reductions and removals credits to the LEAF Coalition – a public-private initiative by global corporations and rich countries to purchase forest carbon credits certified by the jurisdictional Architecture for REDD+ Transaction (ART) programme.

Verra is reviewing all Improved Forest Management (IFM) methodologies which may shorten future project development timelines, the standards body announced Friday.

A Danish manufacturing company has teamed up with green group WWF to add two projects to its nature-based carbon portfolio as part of its 'beyond value chain' mitigation plans to "capture" emissions from its historical operations dating back to 1941.

European carbon prices fell back on Friday, trimming the week's gains after the market had failed to hold on to its substantial jump on Thursday, as gas prices also dropped sharply as North Sea production was set to increase sooner than anticipated after unplanned outages.

Governments must introduce tougher regulations on biodiversity because companies won’t act on their own at the scale needed to stave off to nature and biodiversity loss crisis, according to a UK-based asset manager.

Spot prices in China’s national emissions trading scheme (ETS) dropped over the past week after a block deal last Friday, with market participants remaining conservative about the price outlook due to the relatively generous allowance allocation rules.

China's express delivery industry needs to take more decarbonisation measures as emissions from the sector have continued to grow significantly over the past few years, a report has called for.

The Cambodian government has cleared three REDD+ projects for participation in the voluntary carbon market, with project start dates set for 2024.

An Australian carbon fund manager this week auctioned off 50,000 blue carbon credits from a major project in Pakistan, with the sale clearing close to $30.

GGGI is seeking a deputy head of unit to lead the MATS Program and further take a leading role in the development and management of the Carbon Transaction Facility (CTF).

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

California Carbon Allowance (CCA) prices rallied through a packed week of activity including a cap-and-trade public workshop discussing plans to increase programme stringency, options expiry, and macro markets rallying after a pause in the US interest rate hiking cycle, while Washington Carbon Allowances (WCA) initially lurched higher on the announcement of a small reserve sale in August.

Germany's economy ministry on Wednesday unveiled a draft of its long-anticipated climate action programme, easing the burden on big emitters while seeking to steer the nation towards its currently-out-of-reach 2030 emissions reduction target.

A Sierra Leone rewilding project run by a Canadian company had $2.5 million (C$3.3 mln) of its yet-to-be generated carbon credits pre-purchased by a Fortune 100 company, the developer announced Thursday.

Carbon credits should only used as a last resort in corporate climate action, and large corporates should prioritise eliminating or reducing sources of emissions over offsetting, the Organisation for Economic Cooperation and Development (OECD) has advised in updated guidance.

Moves to create a benchmark price for voluntary carbon credits are gathering pace, with Singapore-based CIX platform now exploring other categories in the market after launching its REDD avoided deforestation assessment last week, a company executive told Carbon Pulse on Thursday.

Spain wants to speed up a reform of the EU electricity market design as the country prepares to take over the rotating EU presidency next month, though the nation's July elections may spur a rapid change in course as the ruling administration trails in the polls.

*PREMIUM LISTING - The Director, ACMI, hired by GEAPP, will hold the core of ACMI work together during the initial phase of institutional set-up, coordinating the strategic implementation of all 13 Action Programme in the lead-up to COP28. They will be responsible for overseeing progress along each Action Programme, working closely with each Project Coordinator responsible for leading a specific Thematic Group to ensure the successful implementation of the ACMI roadmap.

A Canadian-based voluntary carbon project investor has launched an online marketplace offering credits from its portfolio.

Parties negotiating rules for the new Article 6.4 UN carbon crediting mechanism under the Paris Agreement managed to advance discussions on technical details during UN climate negotiations held in Bonn over the past two weeks, despite chaotic scenes that held up wider progress at the gathering.