Carbon Pulse

A renewable energy subsidiary of an Abu Dhabi-based asset management firm has launched a project in Brazil to produce large volumes of biofuel from a native plant species in the country, which will have substantial potential for generating carbon credits, reforesting the country, and job creation.

Vietnam seeks to learn from international experiences to construct the legal framework for a domestic carbon exchange, as the country is set to launch the marketplace in the second half of this decade.

A science vessel currently docked in Dubai is being called upon by governments around the world to help better understand the carbon and biodiversity stores of their coastal waters.

In a statement released Friday at COP28 in Dubai, Bolivia called for the ceasing of all market functions under the market-based Article 6.4 mechanism, which it sees as crowding out progress on non-market option Article 6.8.

Voluntary carbon standard Verra will announce on Saturday a partnership with a high-level advisory body to produce research on how best to develop its approach, and share the information with stakeholders as early as the second quarter of next year.

A global institute plans to launch a $500-million fund for buying up Paris Agreement units next year, its head told a side event at COP28 in Dubai, as well as making millions available through 2027 for technical capacity building.

It is Day 9 of the COP28 climate conference, and weary (or wary) negotiators are returning from Thursday's rest day. Carbon Pulse correspondents are back on the scene at Expo City, having celebrated the break in negotiations by returning to our regularly scheduled programming: uploading non-COP news. With rumours of the Russian President in town, and the mood in negotiation rooms being described as "toxic", the UAE hosts have a big job on their hands. In our daily running blog, Carbon Pulse will report relevant or useful updates throughout the day. Timestamps are in local time (Gulf Standard Time, GMT+4).

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

The Oregon Department of Environmental Quality's (DEQ) policy board appointed a new deputy director and approved an amendment to its recent climate rulemaking to clarify the language for covered fuel suppliers at a special meeting on Thursday.

Canada released the first progress report on its 2030 Emissions Reductions Plan (ERP), showing the country poised to reach an interim target in 2026, and expecting additional mitigation actions to help achieve the 2030 goal.

A US-based carbon management company recently enrolled 1.65 million acres (688,000 ha) of industrial American forestlands into its carbon projects, and has rebranded to reflect plans to advance its decarbonisation efforts through land conservation, the firm announced Monday.

Several non-profits have signed a jurisdictional REDD+ technical assistance partnership (JTAP) at COP28 to try and scale emissions reductions agreements between forest-rich governments and carbon credit buyers, actively looking to bring countries on board.

Suppliers of building heating oil, propane, natural gas, and electricity in Massachusetts will be subject to a proposed Clean Heat Standard (CHS) as of 2026, the state's Department of Environmental Protection (DEP) outlined at a technical briefing on Thursday.

A director of emissions trading with a US-based hedging management firm has parted ways with the company, Carbon Pulse has learned.

California Carbon Allowance (CCA) prices ticked upward while Washington Carbon Allowance (WCA) values continued their descent, although both markets saw an increase in volumes throughout the week.

Azerbaijan has re-emerged as a frontrunner to host next year’s COP29 UN climate talks after Armenia on Thursday endorsed its neighbour's bid, thereby removing a key obstacle.

A removals buyers club has sealed its biggest-yet offtake contract, agreeing to pay $57.1 million for the supply of credits over 2024-28 from a developer of enhanced weathering solutions.

A twice-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).

Canada unveiled plans on Thursday for a cap-and-trade system for its oil and gas sector, with the government aiming to introduce reporting requirements from 2026 and setting out a 2030 emissions cap but giving no clear indication on when the market would launch.

A pact has been launched at COP28 to address biodiversity, climate and pollution with the goal of slowing down ship speeds globally by 25% by 2030.